Markets

The current geopolitical crisis spurred by the Russian invasion of Ukraine should provide a rude awakening in the West to our misguided and flawed policies toward energy development by government and major

An unprecedented array of risks—ranging from capacity shortfalls, extreme weather, extended drought, supply chain issues, cybersecurity, solar PV tripping, fuel constraints, to wildfires—could imperil the reliability of nearly every North American bulk power system (BPS) region west of the Midcontinent Independent System Operator (MISO) this summer, the North American Electric Reliability Corp. (NERC) warned in […]

Salt River Project Agricultural Improvement and Power District (SRP) is seeking a rehearing and reconsideration of the Arizona Corporation Commission’s (ACC’s) denial of a major gas power plant expansion, which the public power utility has stressed will be crucial for near-term system reliability and long-term renewable integration.  In a filing on May 16, SRP urged […]

The California Energy Commission (CEC) is mulling a preliminary planning goal for 3 GW of offshore wind by 2030 and potentially expanding it to 10 GW to 15 GW by 2045. If finalized, California’s offshore wind goals would be the most ambitious in the U.S., surpassing even New York’s, which calls for 9 GW by […]

(Updated—May 6, 2022) The Electric Reliability Council of Texas (ERCOT) and the Midcontinent Independent System Operator (MISO) over the past week separately expressed concerns about power supply uncertainties in the face of upcoming warmer-than-normal temperatures. MISO raised an alarm on April 28 when it said that it projects “insufficient firm resources” to cover the summer […]

A drumbeat of floating offshore wind–related developments this year suggests the pipeline for the long-nascent wind technology sub-sector may be finally beginning to grow. While floating wind’s current

Hydrogen combustion has begun at the 485-MW Long Ridge Energy Terminal combined cycle power plant—a flagship GE HA-class project that is purpose-built to transition from natural gas to hydrogen blends and ultimately be capable of burning 100% hydrogen. While the sprawling multimodal facility in Hannibal, Ohio—which sits on the Ohio and West Virginia border—achieved commercial […]

A Goldman Sachs private equity business is taking a stake in critical industry cybersecurity firm Fortress Information Security. The $125 million investment underscores a heightened awareness of supply chain vulnerabilities within the investor community. Fortress, which announced the investment from Goldman Sachs Asset Management Private Equity on April 19, said it also highlights a wider […]

Natural gas generation’s future hinges on a precarious and exceptionally volatile set of issues that the conflict in Ukraine intensified. Experts from the full natural gas chain shed light on how that

As we commemorate another Earth Day this April, the challenges facing our energy systems and the environment seem more pressing than ever. Americans face continued economic uncertainty following the COVID-19