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Most POWER readers are probably familiar with levelized cost of energy (LCOE) and levelized value of energy (LVOE) as metrics used to help evaluate potential power plant investment options. LCOE measures the average net present cost of electricity generation over a facility’s lifetime. It includes capital costs, fuel costs, operation and maintenance (O&M) costs, financing […]

Historically, the mass production of green hydrogen has not been viewed as a viable alternative energy solution for our climate crisis. But recent technological advancements in proton exchange membrane (PEM) electrolyzers offer new avenues for long-term viability and present an intriguing opportunity for manufacturers. Experts have long deemed electrolyzers as a central technology for meeting […]

The U.S. Department of Energy (DOE) has advanced three potential National Interest Electric Transmission Corridors (NIETCs) into Phase 3 of its designation process, focusing on areas with critical transmission constraints to enhance grid reliability and reduce consumer costs. The measure is historic—given no NIETCs currently exist despite a decades-long effort to establish them—and it marks […]

50Hertz, the transmission system operator (TSO) for eastern Germany, has awarded its Ostwind 4 project to GE Vernova, in consortium with Drydocks World, a DP World company that provides marine and offshore services to the renewable energy sector, among others. The project involves the design, construction, and commissioning of a 2-GW high-voltage direct-current (HVDC) electric […]

A transformer explosion at Eskom’s coal-fired 3.6-GW Matla Power Station in Mpumalanga, South Africa, on Dec. 12 injured nine employees, including one critically. The incident, caused by a ruptured high-pressure steam pipe, has underscored challenges faced by Eskom’s generating fleet, even as the state-owned maintains its suspension of load-shedding. The incident, reported at 5 p.m. […]

Siemens Energy is teaming with UK power giant SSE to develop a combustion system that will allow its flagship SGT5-9000HL gas turbine to run 100% on hydrogen while maintaining the flexibility to operate with natural gas and blends of the two. The two companies on Dec. 9 launched “Mission H2 Power,” a project that will […]

Steam is used for a wide variety of critical processes across many industrial sectors. For example, the food and beverage industry uses steam for sterilization of food processing equipment; cooking, pasteurization, and sterilization of food products; cleaning and sanitizing production lines; and providing heat for various food preparation processes. Pulp and paper facilities use steam […]

NET Power, developer of a novel gas-fired power plant that captures all atmospheric emissions, will explore deploying up to 1 GW of power capacity in Northern California with partner California Resources Corp. (CRC), California’s largest oil and gas producer.  CRC’s carbon management subsidiary, Carbon TerraVault (CTV), and NET Power signed a memorandum of understanding (MOU) […]

The U.S. Department of Energy (DOE) has named six companies that will compete for 10-year contracts totaling $2.7 billion for the supply of low-enriched uranium (LEU) to support the nation’s nuclear power fleet. The initiative seeks to reduce reliance on Russian imports and foster strong commercial sector investment to build out a resilient fuel supply […]

Mitigating against the risk of hail for solar projects is both extremely complicated and more straightforward than you may think. Natural catastrophes (NatCat), particularly hail, pose a significant risk for solar projects and can lead to severe damage with cost impacts for projects and insurers. In this article, we look at the risk that hail […]