Markets

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 […]

From pandemic shut-ins to production booms, arctic blasts to record heatwaves, the U.S. gas market in the 2020s has been volatile. But while many analyses have pointed the finger at increases in liquefied

Capacity prices in PJM Interconnection’s latest auction spiked to the market’s price ceiling, hitting $329.17/MW-day across the board for the 2026/2027 delivery year—the maximum allowed under new Federal Energy Regulatory Commission (FERC) rules. The regional transmission organization’s (RTO’s) competitive Base Residual Auction (BRA), conducted on July 9, 2025, and released on July 22, secured 134,311 […]

As renewable energy becomes the foundation of electricity systems around the world, the importance of stationary battery storage is no longer in question. Lithium-ion batteries are being deployed at unprecedented rates to support grid reliability, integrate variable generation, defer infrastructure upgrades, and provide flexible capacity across multiple electricity markets. These systems are now considered critical […]

PPL Corp. and investment giant Blackstone Infrastructure have formed a joint venture to build, own, and operate natural gas combined-cycle generation plants in Pennsylvania specifically designed to serve data center loads through long-term energy service agreements (ESAs). The partnership, unveiled at the Pennsylvania Energy and Innovation Summit in Pittsburgh on July 15, represents a strategic […]

Proposals of up to 500 MW of firm, dispatchable capacity and associated energy requested. NURSERY, Texas, July 14, 2025 — South Texas Electric Cooperative Inc. (STEC) today issued a request for proposals (RFP) through which it seeks to obtain long-term generating capacity and associated energy. The RFP solicits bids for up to 500 megawatts (MW) […]

Most people are familiar with propane. Large silver-colored tanks are often used to store propane intended to heat rural homes and propane is a common fuel used in backyard cooking grills. But behind these

As billions of dollars flood into the historically niche electricity sector, U.S. power generation is having a moment and entering what may be its most consequential investment cycle in decades. The U.S. power space saw record levels of capital investments in 2024. These billions in new investments are coming not just from legacy participants, but […]

In a new pilot program, the U.S. Department of Energy (DOE) issued an ambitious challenge: bring at least three advanced nuclear test reactors to criticality by July 4, 2026. Announced in June, the program sidesteps traditional Nuclear Regulatory Commission (NRC) licensing, seeking instead to authorize full-scale reactors on private sites through DOE’s internal review process. […]

The U.S. Department of Energy (DOE) has launched a novel pilot program that will allow private developers to build and operate full-scale advanced nuclear test reactors outside of the national laboratory system, without a license from the Nuclear Regulatory Commission (NRC). Through a new authorization model grounded in the Atomic Energy Act and a Trump-era […]

The advent of President Trump’s second term has heralded significant changes for the U.S. energy industry, and savvy private equity investors are adapting. Six months down the road, the reprioritization of investment opportunities by such savvy private equity investors has delineated some clear—and familiar—near-term winners. Two of the top five private equity investment trends in […]

Japanese integrated heavy industry group IHI Corp. and GE Vernova have inaugurated a new Large-Scale Combustion Test (LCT) facility at IHI’s Aioi Works in Hyogo, Japan, marking a pivotal step in their joint effort to commercialize gas turbine combustors capable of burning up to 100% ammonia by 2030. The facility will accelerate full-scale prototype testing […]

Talen Energy has restructured and significantly expanded its nuclear energy agreement with Amazon Web Services (AWS), finalizing a 17-year, $18 billion power purchase agreement (PPA) that will supply up to 1,920 MW of carbon-free electricity from the 2.5-GW Susquehanna nuclear plant to Amazon’s data centers across Pennsylvania. The deal, announced on June 11, restructures a […]

What happens when a political U-turn suddenly upends years of decarbonization strategy? As the U.S. House of Representatives moves to dismantle key clean energy tax credits, POWER examines how utilities and developers are rethinking timelines, technologies, and financing, while racing to keep the energy transition on track.  On May 22, 2025, the U.S. House of […]

The U.S. solar manufacturing landscape has undergone a remarkable transformation since the passage of the Inflation Reduction Act (IRA) in 2022. Through targeted domestic content incentives, the federal government has successfully ignited a manufacturing renaissance, boosting capacity nearly five-fold and creating thousands of jobs across the country. Catalyzing Growth Through Strategic Incentives The centerpiece of […]

Duke Energy intends to submit an application to South Carolina’s Public Service Commission (PSC) for approval to build a 1.4-GW gas-fired combined cycle plant with hydrogen capability in Anderson County. If approved, the project, which could come online in 2031, will mark the company’s first new generation proposal in the state in a decade. The […]

The Nuclear Regulatory Commission (NRC) has approved NuScale Power’s uprated 77-MWe (250-MWth) small modular reactor (SMR) design, clearing the nuclear technology firm’s second standard design approval (SDA). The development marks a boost for ENTRA1 Energy, NuScale’s exclusive commercialization partner, which is in “various stages of discussions with potential customers” in the U.S. and abroad, the […]

The uncertainty surrounding the global tariff war is reshaping the landscape of mergers and acquisitions (M&A) within the energy sector. This dynamic environment presents both challenges and opportunities for investors, compelling them to navigate a complex web of trade policies, supply chain disruptions, and geopolitical shifts.

The Federal Energy Regulatory Commission’s (FERC’s) 2025 Summer Energy Market and Electric Reliability Assessment has forecast higher wholesale electricity prices this summer in most regions. The assessment, published May 15, notes that if normal operating conditions prevail, all regions of the country will have adequate generating resources to meet expected summer demand and operating reserve […]

All regions across the North American bulk power system (BPS) are generally positioned to meet peak demand under normal summer conditions, though elevated risks of electricity supply shortfalls could persist under extreme heat, surging demand, and resource variability, the North American Electric Reliability Corp. (NERC) warns. In its May 14–released 2025 Summer Reliability Assessment (SRA), […]

Since 2024, America’s airwaves have been flooded with phrases like “nuclear renaissance” and “drill, baby, drill.” Energy affordability has occupied the minds of the president, state legislators, regulators, energy suppliers, and utility companies, as everyday Americans confront rising energy costs. States like California have seen an increase in electricity bills between 2021 and 2024 of […]

As hydrogen production scales up, power professionals must weigh where—and when—it fits into a decarbonized grid. For now, experts say real progress may depend on addressing structural bottlenecks: project

As businesses wait for artificial intelligence to mature, there is an opportunity to start implementing the data and functionality that is readily available now. Planning and delivering a complex, multi-billion dollar capital project creates a trove of actionable data and insights, if teams are able to manipulate the data to reveal these insights. The detail […]

The U.S. power sector stands at a juncture, facing a confluence of factors that are poised to trigger an era of unprecedented growth and necessitate a large influx of capital. Driven by the increasing demand from data centers, the reshoring of manufacturing, and electrification across transportation, heating, and industry, the demand for electricity is rising at a pace unseen in recent decades.

Duke Energy has signed a sweeping partnership with GE Vernova for the supply of advanced gas turbines and associated equipment—potentially securing up to 11 of GE Vernova’s flagship 7HA units to advance specific projects in line with the utility’s integrated resource plans (IRPs). Duke Energy on April 24 said the “arrangement” would help the company […]

U.S. production of coal has continued to decline since peaking in 2008, according to a report from the U.S. Energy Information Administration. The EIA–on the same day earlier this month when President Trump signed an executive order designed to increase U.S. coal production and coal-fired power generation—released data showing the U.S. produced 578 million short tons (MMst) of coal in 2023, or less than half of the amount produced in 2008.

Seven major U.S. grid operators have raised a unified alarm about an impending capacity crunch, warning that the pace and scale of explosive demand—including from data centers, manufacturing, and electrification—pose a precarious misalignment with accelerating generator retirements and transmission constraints. At a March 25 hearing before the House Energy and Commerce Subcommittee on Energy, the […]

In January, the U.S. Energy Information Administration (EIA) said U.S. wholesale electricity prices were less volatile in 2024 than they have been over the last few years. But that’s just one, limited perspective on the data. If we consider the macrotrends at play, it’s clear that U.S. markets won’t return any time soon—if ever—to the […]

I think most POWER readers are familiar with financial indexes such as the Dow Jones Industrial Average (DJIA) and the S&P 500. These indices are widely reported on by news outlets and followed by many

Energy experts have called for bold reforms—from transmission planning to permitting streamlining and faster interconnection approvals—to prevent further volatility and ensure PJM Interconnection meets its reliability mandate without disproportionately burdening consumers. During a March 19 webinar hosted by Advanced Energy United—a trade group that advocates for policies supporting the transition to 100% clean energy—industry experts […]