International

Japanese Firms Poised to Build Two 540-MW IGCC Plants Based on Nakoso Technology. A consortium of Japanese firms on December 1 said they had received full-turnkey orders for two integrated gasification

As our January 2017 cover image of a dynamic Rubik’s Cube suggests, the power industry, especially in the U.S., is dealing with something akin to solving a 3-D puzzle whose pieces are being added and subtracted as the game is being played. Although shares of traditional, regulated electric utilities remain some of the most predictable […]

Just as the election of Donald J. Trump could result in redirected energy policy in the U.S., 2017 elections in France and Germany could reshape plans for electricity infrastructure on the European continent. Also on both continents, some factors and trends will be out of elected officials’ control. “Difficult to see. Always in motion is […]

The past year saw an astonishing number of mergers, acquisitions, and business reconfigurations of electricity and energy companies, without any obvious organizing theory. Is it possible to make sense of the activity, or is it just business Brownian motion—aka, random behavior?  Gas companies spun off power generating assets. Power companies sold offshore businesses. Independent generators […]

How do you get generating company executives and those who interact with the power industry to think outside the box when planning for the future? The answer may involve a board game. Humans are pre-programmed to prefer routine, tradition, and regularity, without questioning whether longevity equals good. Fear of the unknown, and the power of […]

China has officially begun construction of its first offshore nuclear power plant, a demonstration project that will employ the domestically developed ACPR50S small modular reactor (SMR). China General Nuclear Power Corp. (CGN) on November 4 told reporters at a press conference that the project (Figure 6) is a “top priority” that will further the country’s […]

A tumultuous election year that was marked by market turmoil, the events of 2016 clearly showed that big change is afoot for the power sector. Many of POWER‘s bold predictions for 2016, such as that the near-simultaneous surge in U.S. natural gas production and recent enactment of environmental rules would reshape the U.S. power sector, […]

Toshiba Corp.—the parent of Westinghouse Electric Co.—said it might book huge losses as a result of Westinghouse’s acquisition of the nuclear construction and integrated services business CB&I Stone & Webster Inc. (S&W). Westinghouse closed on its agreement with CB&I in December 2015. When the deal was made, Toshiba estimated that the amount of “goodwill” resulting […]

In a joint statement on December 20, the leaders of the United States and Canada announced that they had developed a new partnership that effectively bans additional licenses for oil and gas drilling in the Arctic and parts of the Atlantic Ocean.

A joint strategy released by the governments of the U.S. and Canada to thwart the growing threat of cyberattacks on the electric grid sets three priorities that the countries said would be critical to preserving energy and national security. The “Joint United States-Canada Electric Grid Security and Resilience Strategy,” released on December 15, outlines three […]