Finance

A project to deploy the first NuScale 462-MWe VOYGR-6 nuclear power plant in Romania by 2029 has garnered a $275 million public-private funding commitment from the U.S., Japan, South Korea, and the United Arab Emirates (UAE) as part of a global infrastructure partnership. The Romanian project may be bolstered by an additional $4 billion outlined […]

Nuclear has re-invented itself as a compelling pathway to achieving net-zero. It is said that everything is cyclical—where there are periods of expansions and contractions. Could this be true of nuclear energy? Can the benefits outweigh the fears and flip the switch from decommissioning to accelerated growth? In the late 1960s, federal nuclear energy programs […]

Sunnova Energy Corp., an energy-as-a-service (EaaS) provider, has snagged a first-of-its-kind conditional federal loan guarantee commitment of up to $3 billion for a project that could further future virtual power plant (VPP) deployment. The Department of Energy (DOE) Loan Programs Office (LPO) on April 20 said it would provide a partial loan guarantee for up […]

U.S. utility Entergy and global power giant RWE are partnering to jointly assess the best means to develop an offshore wind market in the Gulf of Mexico. The two companies on March 30 unveiled a memorandum of understanding (MoU) under which they will analyze the Gulf of Mexico offshore wind market and define an optimal […]

Last Energy, a U.S.-based micro modular nuclear technology firm and project developer, has secured power purchase agreements (PPAs) for 34 PWR-20 small modular reactor (SMR) units with four industrial partners in the UK and Poland. The deals, which represent a combined $18.9 in power sales, mark “the largest pipeline of new nuclear power plants under […]

Power companies across the nation are being pressured to retire fossil-fueled power plants and transition to cleaner energy resources. But many existing fossil plants have not been completely paid off or

Siemens Gamesa chief executive Jochen Eickholt acknowledged equipment failures in both the company’s onshore and offshore wind turbines, leading to higher warranty provisions, contributed to a nearly $1 billion net loss for the company in the last three months of 2022. Eickholt on Feb. 2 said the company’s October to December—the group’s fiscal first quarter—loss […]

While 2021 provided its own share of extraordinary energy debacles, Russia’s invasion of Ukraine in early 2022 cascaded into full-blown energy turmoil. This year will begin with the world “in the midst of

The groundbreaking Inflation Reduction Act (IRA) will put hundreds of billions of dollars toward renewables. As the most comprehensive energy policy in recent years, the IRA is already having a profound impact

GE Hitachi Nuclear Energy (GEH) has submitted a Generic Design Assessment (GDA) entry application for its BWRX-300 small modular reactor (SMR) to UK authorities, kicking off a key regulatory process that could give the advanced nuclear technology a competitive edge as the country races to potentially triple its nuclear capacity to up to 24 GW by […]