Markets

NuScale Power, the front-runner in the race to commercialize small modular reactors (SMRs), has bagged another major backer that could broaden its nuclear supply chain base and expand its financial standing.  On April 29, NuScale signed a memorandum of understanding (MOU) with Doosan Heavy Industries and Construction (DHIC), a South Korean–based engineering, procurement, and construction […]

Decarbonization is becoming firmly entrenched in utility business strategies to address risks and opportunities posed by climate change. But setting out a sound plan amid so many uncertainties poses a number

Partial wind project repowering enables owners to generate more energy from their sites, extend the life and improve the availability of their projects, and take advantage of extended renewable energy

Only months after ABB announced Hitachi would acquire a majority stake in its flagship power grids business for $11 billion, the company’s board of directors ousted CEO Ulrich Spiesshofer and officially launched a search for a new leader.  The Zurich-based technology giant said on April 17 that the board of directors and Spiesshofer “mutually agreed […]

The U.S. Supreme Court’s refusal to reconsider industry-led challenges to state nuclear subsidy programs in New York and Illinois leaves the contentious matter to the Federal Energy Regulatory Commission (FERC).  The high court on April 15 declined to accept petitions for review of decisions by the Second Circuit and Seventh Circuit, dealing a major blow […]

Construction activity on wind projects across the U.S. surged to a record level of more than 20 GW in the third quarter of 2018, and about 35.1 GW of new wind capacity was under construction or in advanced development at the end of 2018, according to the American Wind Energy Association (AWEA).  In 2018, the […]

PJM Interconnection said it will hold its 2022–2023 capacity auction under current market rules on Aug. 14, 2019, though the Federal Energy Regulatory Commission (FERC) has yet to issue a decision on the grid operator’s plan to revamp its Minimum Offer Price Rule (MOPR). In an April 10 filing, however, PJM asked FERC to clarify that […]

Despite years of escalating natural disasters and dozens of reports examining the science and economic cost of climate change, the Green New Deal framework now languishes as a result of political backlash and its outsize ambition to remake the American economy. But dismissing the issue, and this opportunity, is unnecessary and dangerous.

The Department of Energy (DOE) unveiled a slate of measures to help U.S. hydropower thrive as costs for wind and solar plummet. Measures will include a roadmap to identify hydro’s value in a future grid, and a first-of-its-kind prize designed to encourage innovative and faster pumped storage construction techniques. In her opening speech at Waterpower […]

A project to demonstrate a novel power cycle that promises to produce low-cost, reliable, and flexible power from natural gas—while generating no atmospheric emissions, and fully capturing carbon dioxide—is inching closer to commissioning. Its developers are now actively assessing siting for the first commercial-scale 300-MW NET Power facility. NET Power’s 50 MWth Demonstration Plant in La […]

Comparing the costs of differing electric generating technologies has become popular among advocates for particular technologies and those seeking to find the optimal approach to new generation. While getting

In an apparent attempt to show supporters he is making good on his pledge to revive the dying coal industry, President Trump has been trying to find a way to funnel tens of billions of dollars to a small

India’s first grid-scale battery-based energy storage system was launched in February. The 10-MW system is owned by AES Corp. and Mitsubishi Corp., and operated by Tata Power Delhi Distribution Ltd. (Tata

Today’s microgrid installations showcase a variety of configurations and control systems. Commercial and industrial sites are finding innovative ways to power their operations, particularly those in remote

A widespread misconception persists that nuclear plants can only function as inflexible baseload sources of power—and it’s hurting prospects for the nuclear sector’s role in the world’s future power

Colorado lawmakers are considering legislation (HB19-1037) designed to help the state’s investor-owned utilities gracefully back out of non-economic coal-fired power plants. Colorado is at the forefront of

Demand growth for natural gas for power generation may have slowed in the U.S., as renewable resources continue to take market share. With U.S. production continuing to hit record highs, and new gas-fired

The Department of Energy (DOE) is funding a project that would prepare Westinghouse’s 25-MWe eVinci micro-reactor for nuclear demonstration readiness by 2022.  The agency on March 27 said it will provide $12.9 million of the estimated $28.6 million Westinghouse needs for a project to prepare the micro-reactor for a demonstration, including for design, analysis, licensing […]

Several power-sector CEOs—appearing at the Bloomberg New Energy Finance (BNEF) Summit in New York this week—suggested that existing nuclear power plants should not be allowed to slowly vanish from the U.S. electricity grid under market pressure caused by cheap natural gas and the growth of renewable energy. The leaders submitted that nuclear power provides important […]

Depending on the deployment location and competing energy prices, photovoltaic solar panels are among the most cost-effective power solutions being added to the grid today, often without subsidies and other incentives. The revelation came during a panel discussion—which included several CEOs from the power sector—that took place at the Bloomberg New Energy Finance (BNEF) Summit […]

MGM Resorts International took a bold step in 2016 when it ended its energy-buying relationship with NV Energy and instead chose to purchase electricity from private providers. The company’s decision was driven by a desire to slash bills and boost renewables. Henry Shields, executive director of finance and analysis in the Corporate Sustainability division of […]

Renewable generation in the U.S. has doubled over the past 10 years. In 2018, generation from solar, wind, hydro, and other renewables soared to a record 742 TWh—or 17.6% of total U.S. generation. According to the Energy Information Administration (EIA), since 2008—when renewables provided 382 TWh—wind generation rose from 55 TWh and generated 275 TWh […]

Grappling with a historically low planning reserve margin of 7.4%, owing to a mass of coal plant closures, the Electric Reliability Council of Texas (ERCOT) is forecasting record electric use this summer and warns it could issue energy alerts at “various times.”  ERCOT said its March 5–released final Seasonal Assessment of Resource Adequacy (SARA) for […]

COMMENTARY Are power purchase and similar agreements excluded from the automatic stay under the safe harbor for forward contracts? Both the FirstEnergy Solutions and Pacific Gas & Electric (PG&E) bankruptcies have seen proceedings regarding power purchase and similar agreements (PPAs) that raise this question. Contracts often contain provisions that enable a party to terminate or modify […]

Energy supplies are tight in the Pacific Northwest, a region that has been stricken with unseasonably frigid weather and is bracing for deep freezes as a mass of Arctic air descends on the region.    The Bonneville Power Administration (BPA), a federal power marketer that sells wholesale power from 31 federal dams and one nuclear […]

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 […]

Eight years after Germany decided it would halt nuclear power production by 2022, the country that relied on lignite and hard coal for 38% of its generated power in 2018 will phase out coal by 2038 or earlier

Gas turbines come in a variety of sizes. While large combustion turbines seem to get the bulk of the publicity, with the likes of Siemens, GE, and Mitsubishi Hitachi Power Systems making the most noise

(BARBERTON, Ohio – February 26, 2019) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S, has signed a licensing agreement to provide its water-cooled vibrating grate technology for biomass boilers to thyssenkrupp Industries India Pvt. Limited on an exclusive basis for projects in India, Nepal, […]

Danish engineering, design, and consultancy firm Ramboll Group in December  entered into an agreement to acquire U.S-based engineering and design consultancy OBG. Founded in 1945, OBG has delivered integrated engineering solutions within water, energy, environment and advanced manufacturing, and today, the company says it has extensive client relationships in both the private and public sectors, […]