An energy transition is underway across the world. Market upheaval, defining events, and recent policy changes have accelerated a shift away from coal toward renewables. Here is how this transformation played out for some of the world’s major economies over the past decade. Graphs show percent of each fuel source of total generation for that […]
In a November report, The Global CCS Institute said carbon capture and storage (CCS) is the only technology able to decarbonize the industrial sector. To reach the Paris Agreement’s target to keep global atmospheric temperature increases to below 2 degrees Celsius, 2,500 CCS facilities will need to be operational by 2040, with 14% of cumulative […]
The operating expenses at major U.S. investor-owned electric utilities have shifted over the last decade or so, owing primarily to changing fuel costs.
Comments on the Department of Energy’s (DOE’s) proposed grid resiliency rule from an assortment of state agencies, trade groups, environmental organizations, and organized market entities flooded the Federal Energy Regulatory Commission’s (FERC’s) docket before the tight three-week timeframe expired Oct. 23. The DOE’s “Grid Resiliency Pricing Rule” proposed on Sept. 29 directs FERC—an independent regulatory […]
During its 135-year history, POWER magazine’s pages have reflected the fast-changing evolution of the technologies and markets that characterize the world’s power sector today. —Copy and artwork by Sonal Patel, a POWER associate editor
The Department of Energy’s (DOE’s) new grid study is based on analyses of federal government data collected between 2002 and 2017, a period it notes fostered critical developments in the nation’s power sector. Here are some of report’s most thought-provoking charts. For an in-depth analysis about the DOE’s grid study, see: DOE Grid Study Points Finger at Natural […]
Cheap natural gas, stagnant power demand, and power prices that have fallen significantly since 2008 have jeopardized the economics of about two-thirds of the nation’s 100-GW nuclear capacity, according to a working paper from the Massachusetts Institute of Technology (MIT) Center for Energy and Environmental Policy Research. About 21 GW in merchant deregulated markets are […]
Self-contained, small islands of electric generation, storage and distribution inside the existing grid–microgrids–could be the next big thing in electricity. But some argue they may be just another