Markets

LandBridge Co., a Permian-focused land and infrastructure firm with 277,000 surface acres in the Delaware sub-region in Texas, and NRG Energy, one of the U.S.’s largest independent power producers, have inked a strategic agreement for a potential 1,100 MW natural gas–fired generation facility in Reeves County, Texas, to power a hyperscale data center. The agreement, […]

Soluna Holdings, a developer of data centers powered by renewables, is set to break ground on Project Kati, a 166-MW wind-powered data center campus poised to support Bitcoin hosting and the rapidly growing demand for artificial intelligence (AI) and high-performance computing (HPC) infrastructure. The project, a partnership with EDF Renewables, Masdar, and Spring Lane Capital, […]

The Tennessee Valley Authority (TVA) will collaborate with ENTRA1 Energy—NuScale’s exclusive global strategic partner—to develop a 6-GW nuclear portfolio, including six ENTRA1 Energy power plants on TVA sites, the companies announced on Sept. 2. Under the agreement, ENTRA1 Energy will develop and own nuclear assets across TVA’s seven-state service region, selling electricity to the nation’s […]

Solar and wind power have become increasingly cost-competitive over the past decade, prompting claims that they are now the cheapest sources of new electricity. The U.S. Energy Information Administration (EIA)

Carbon seal rings are silently revolutionizing industries—from oil rigs to rocket engines. Carbon seal rings can have significant effects. Take a recent upgrade by ExxonMobil. By switching to advanced carbon seals in refineries, the company cut fugitive emissions by almost 30% and saved millions of dollars in downtime. Or SpaceX, which relies on ultra-durable carbon-graphite […]

Nuclear innovation firm TerraPower has teamed with the Utah Office of Energy Development (OED) and Flagship Companies, a Salt Lake City-based land development firm, to explore siting a Natrium advanced nuclear reactor in Utah. The effort, which could mark the next phase of TerraPower’s expansion beyond its much-watched reactor demonstration project in Wyoming, has the […]

The reeling offshore wind power market received another blow as Mitsubishi Corp. said it will end further development of three Japanese offshore wind power projects due to rising costs. Mitsubishi Chief Executive Katsuya Nakanishi on August 27 said cost increases for the installations had far surpassed the company’s projections. The company said the price of […]

As Labor Day beckons, the hottest conversation topic isn’t a hit movie or summer pop anthem, but rather the widespread shock that ratepayers are seeing amidst unexpectedly high power bills. While widely predicted in the spring to those in the industry, this development is already causing headaches for operators and serving as an unpleasant surprise […]

GridBeyond now offers revenue floor and toll contracts for selected power storage projects in the Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) markets. Backed by highly rated underwriting partners, these contracts provide project owners with new tools to de-risk their balance sheets or secure financing. Each contract is customizable, allowing […]

A Midwest-based energy storage developer and independent power producer said it has brought the third project in a strategic collection of California energy storage facilities online. Fullmark Energy, headquartered in Chicago, Illinois, on August 20 announced the start of commercial operation for the company’s 20-MW/40-MWh Ortega energy storage project in Lake Elsinore. Fullmark on Wednesday […]