After the Great Tohoku Earthquake and tsunami, and ensuing crisis at the Fukushima Daiichi nuclear plant in March 2011, Japan issued stringent safety regulations and reviews that affected its entire 50-reactor fleet. It meant that as each Japanese nuclear reactor entered its scheduled maintenance and refueling outage, it could not returned to operation until restart […]
In 2017, the 10 largest power companies, ranked by their installed generation capacity, owned 18% of total global installed capacity, while the next-largest 15 owned around 10%—meaning that the top 25 companies own nearly 30% of global installed power generation capacity, according to the International Energy Agency (IEA). Chinese companies account for more than one-eighth of global installed […]
According to the Nuclear Regulatory Commission (NRC), the nation’s 99 operating nuclear reactors operated at an average capacity factor of 88% in 2017—the same as in 2016—despite market forces that have rendered several units uneconomical. Figures for 2018 are expected in 2019 and may look different. Oyster Creek Nuclear Station, for example, was permanently closed […]
The International Energy Agency forecasts that based on current and proposed policies, global power generation will grow about 15,000 TWh (about 60%) from 2017 to 2040. About 70% of additions will be supplied by natural gas, wind, and solar photovoltaics in nearly equal shares. But despite a drop from its current share from 38% to […]
Average wind turbine capacity, rotor diameter, and hub height increased in 2017, continuing a long-term trend. One reason that wind producers choose bigger turbines is to optimize wind power project cost and performance, according to the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy. Source: U.S. DOE, 2017 Wind Technologies Market Report, […]
Interest in small modular reactors (SMRs) has ramped up of late owing to applications in niche electricity or energy markets where large reactors would not be viable—such as for cogeneration in countries with small grids, remote and off-grid areas, and for nuclear/renewable hybrid projects. Modular attributes may also enable SMRs to target the economics of […]
While the larger conversation about plant economics and mass retirements in the U.S. has been focused on coal and nuclear power plants, the nation’s much smaller biomass power industry is grappling with similar issues in markets where cheap natural gas, wind, and solar generation resources are proliferating. See more at: “U.S. Biomass Power, Dampened by […]
The U.S. Environmental Protection Agency (EPA) suggests that if states fully implement the Affordable Clean Energy (ACE) rule—which it proposed in August 2018 to replace the 2015 Clean Power Plan—by 2025, U.S. power sector carbon dioxide emissions could be about 34% below 2005 levels. At the end of 2016, they had fallen 24%, and by the end […]
President Trump campaigned on a promise to reduce regulation and control regulatory costs. One of his first actions after taking office was to issue an executive order calling for the elimination of two existing regulations for every one new regulation issued. Toward that end, the Trump administration has acted or sought to reverse more than […]
According to the International Energy Agency, global natural gas trade has grown by more than 40% over the past 15 years. Over the next five years, current trade flows are expected to significantly diversify, boosted by development of liquefied natural gas (LNG) infrastructure. LNG trade, which grew by 11% in 2017 to 391 billion cubic […]
