Markets

The International Energy Agency (IEA) is urging the development of more diverse solar PV supply chains, suggesting the sector’s heavy reliance on China has led to imbalances that pose risks to its future growth. A dedicated study of the world’s solar PV supply chain issued by the Paris-based autonomous intergovernmental organization on July 7 acknowledges that government […]

Few observers outside the electric utility industry understand the U.S. power grid, often called the world’s largest machine. It’s three grids, actually—the Eastern Interconnect, the Western Interconnect, and the Texas Interconnect. Much of the Eastern and Western Interconnects are subdivided regionally into independent organizations—independent system operators (ISOs) or regional transmission operators (RTOs)—that monitor, coordinate, and […]

War rages in Europe. Natural gas prices are through the roof. Drought threatens hydro production. Weather extremes are becoming commonplace. Supply chains are strained. Demand for electricity is headed

The Australian Energy Market Operator (AEMO) on June 15 indefinitely suspended spot markets in all regions of its National Electricity Market (NEM), citing critical power generation supply shortfalls that it said made it “impossible to continue” operations under national electricity rules. AEMO—the independent system operator (ISO) that operates the competitive market serving New South Wales, […]

The Department of Energy’s (DOE’s) first official loan guarantee for a new clean energy technology project since 2014 will go to the Advanced Clean Energy Storage 1 project in Utah—one of the world’s largest renewable hydrogen energy projects.  The DOE on June 8 announced it closed on the $504.4 million loan guarantee for the first […]

The first two GE 7HA.03 machines—the largest 60-Hz heavy-duty gas turbines in the world and the most efficient in GE’s fleet—are now operational at Florida Power & Light’s (FPL’s) newly inaugurated 1,260-MW Dania Beach Clean Energy Center (DBEC) in Broward County.  FPL officially declared the Dania Beach Clean Energy Center near Fort Lauderdale, Florida, commercially […]

Drought in California could nearly halve the state’s hydroelectric generation this summer, pushing up wholesale power prices in the West, and forcing the state to rely on natural gas generation and out-of-state imports, the Energy Information Administration (EIA) projects in a new analysis. The EIA suggests in a supplement to its May 2022–released Short-Term Energy Outlook […]

Significant advances in high-voltage direct current (HVDC) transmission are in step with rapid changes to energy systems worldwide. Shortly after POWER magazine began publication in 1882, the competitive

Vermont doesn’t get a lot of attention outside of Bernie Sanders, but the state’s power system is worth taking a look at as it has undergone a notable shift toward renewable energy. About 80% of

As coal plants are retired, power companies must decide what to do with sites. Some old plants have been added to the National Register of Historic Places and repurposed as commercial or office space, while