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In January, the U.S. Energy Information Administration (EIA) said U.S. wholesale electricity prices were less volatile in 2024 than they have been over the last few years. But that’s just one, limited perspective on the data. If we consider the macrotrends at play, it’s clear that U.S. markets won’t return any time soon—if ever—to the […]

Gas power is experiencing a stunning resurgence, driven by soaring electricity demand. But as utilities scramble to secure new capacity, a turbine supply crunch is unfolding, forcing urgent procurement

I think most POWER readers are familiar with financial indexes such as the Dow Jones Industrial Average (DJIA) and the S&P 500. These indices are widely reported on by news outlets and followed by many

The U.S. is facing an energy emergency, as escalating electricity demand, unstable fossil fuel markets, and the rapid growth of energy-intensive infrastructure strain the nation’s energy systems. Shallow geothermal energy offers a groundbreaking solution to this crisis by stabilizing the grid, reducing emissions, and delivering cost-effective heating and cooling. This article explores the technological, economic, […]

Battery energy storage systems (BESS) are revolutionizing how energy is managed. These systems are critical for improving grid efficiency, integrating renewable energy, and ensuring a reliable power supply. As their adoption grows, the need to focus on practical design and cost optimization has never been more apparent. Standalone BESS projects can achieve greater efficiency, lower […]

The Port of Rotterdam (PoR) is working to future-proof operations, aiming to be a CO2 neutral port in 2050. These ambitions align with plans made by port tenants, such as Rhenus Logistics. They, and other companies like them, are committed to achieving net-zero emissions by transitioning to an all-electric port operation. New technologies and innovations […]

Power and energy construction projects face unique challenges that make effective risk allocation critical to their success. A well-crafted contract serves as the foundation for managing these risks, helping

We’re at a pivotal moment for geothermal energy in Europe, a clean, homegrown source of power, heating, and cooling. The signs are clear: interest from both politicians and investors is rising. In fact, there are numerous signals that now is the time to truly scale up geothermal energy in Europe. COMMENTARY Ever since Russia’s full-scale […]

In a 2023 report, McKinsey & Company projected 35 GW of new power will be needed for data centers in the U.S. by 2030. This forecast doubled the required power consumption from data servers, up from 17 GW in 2022. The explosive growth in data center infrastructure driven by investments in artificial intelligence (AI) is […]

Geothermal energy is the heat originating from beneath the Earth’s surface. It can be utilized for various purposes, such as electricity generation, heating, and cooling. Geothermal power plants harness this heat to produce electricity, with turbines playing a key role in converting thermal energy into mechanical energy, which is then transformed into electrical energy. Geothermal […]