Markets

The Trump administration has released a second loan disbursement of $56.8 million to Holtec International as part of an up to $1.52 billion loan guarantee for the restart of the 800-MW Palisades Nuclear Plant in Michigan. The funding, a key step in reviving the shuttered facility, reinforces a loan guarantee initially issued under the Biden […]

Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, accurate forecasting helps predict when supply-demand imbalances will create price spikes or crashes, allowing traders and generators to optimize their bidding strategies. It’s also important for asset […]

Renewable Energy Credits (RECs) represent the environmental attribute of 1 MWh of energy generated from eligible sources of generation. They can be bought or sold together with energy, in which case they are referred to as “bundled” RECs, or without the energy component, in which case they are referred to as “unbundled” RECs. COMMENTARY There […]

The energy market is the newest frontier for Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance risk. This sector is highly complex; it is dynamic, volatile, and under mounting regulatory pressures.

PPL subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) have proposed to upgrade environmental controls at a 1974-built coal unit, build two new gas-fired power plants at a combined cost of $2.8 billion, and add 400 MW of battery storage. The measures seek to significantly boost the companies’ capacity to ready […]

A Canada-based crypto mining company is acquiring two Pennsylvania coal-fired power plants as part of its purchase of a digital mining group.

Policy upheavals have cast uncertainty over the future of carbon capture and storage in the power sector, though its momentum is widely expected to continue. In November 2024, the Global CCS Institute, an

As the new administration begins implementing its energy policy agenda, the market is keenly anticipating the impact on private equity sponsors’ energy transition investments. President Trump has signaled

Advanced nuclear plant developer Last Energy will build 30 microreactors at a site in Haskell County, Texas, a measure aimed at meeting the growing power demands of data centers across the state. The development comes as Texas faces increasing pressure to ramp up its power supplies to address an expansion of energy-intensive industries. The Washington […]

The U.S. Nuclear Regulatory Commission (NRC) has completed its draft safety evaluation (SE) a month ahead of schedule—albeit with open items—for TerraPower’s Kemmerer Power Station Unit 1, a pioneering 345-MWe sodium-cooled fast reactor (SFR) under development in Wyoming. Editor’s note: This article was substantially updated on Feb. 27 at 11 a.m. CST to provide deeper […]

Between plummeting temperatures and surging demand, the record-breaking Arctic blast that swept across the Northeast in January put power suppliers to the test. Their success in managing the volatility traces back to decisions made days and weeks earlier. Those with accurate forecasting models navigated the cold spell successfully. Others faced stark choices between absorbing massive […]

With nearly 60% of the state’s electricity generated from solar, wind, and geothermal energy, California is well past the halfway mark to its goal of 100% renewable power generation by 2045. But this comes with major challenges, both financial and environmental. Mainly, generating adequate electricity during the hours when the sun is not shining is […]

Several U.S. utilities in recent months have said they plan to keep coal-fired units in their generation fleets operating past their scheduled retirement dates, in most cases citing increased demand for electricity in their service areas. Some also note that the Trump administration is likely to eschew enforcement of current pollution standards, and attempt to […]

As the world accelerates toward an electrified future driven by renewable energy, electric vehicles (EVs), and industrial electrification, energy distribution grids face unprecedented challenges. From grid overloads and delays in connecting distributed energy resources (DERs) to frequency instabilities and inadequate infrastructure upgrades, the need for transformative action is clear. These challenges, however, present a unique opportunity to rethink and […]

PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJM’s capacity market pricing, agreeing to lower the grid operator’s auction price cap from over $500/MW-day to $325/MW-day. The move comes as PJM acknowledges a capacity shortage could affect its system as early as the 2026/2027 delivery year. The agreement announced on Jan. […]

The debate over just how much power will be needed to support the artificial intelligence (AI) industry became heated when a Chinese company said it has a low-cost AI model that could upend the sector’s energy needs. DeepSeek created a global stir after releasing information that said the company’s DeepSeek-V3 required less than $6 million […]

Prominent private equity investment firm Blackstone has agreed to acquire the 774-MW Potomac Energy Center—a natural gas power plant located in Virginia’s “Data Center Alley”—in a deal reportedly valued at approximately $1 billion, according to sources familiar with the matter. Previously known as the Panda Stonewall Energy Facility, the Potomac Energy Center is situated within […]

Facing a projected surge in power demand across the country, NextEra Energy is taking steps to potentially restart its shuttered 615-MW Duane Arnold nuclear plant in Iowa as early as 2028, while also signing a new partnership with GE Vernova to develop natural gas generation projects that could be paired with renewable energy and storage. […]

The Tennessee Valley Authority (TVA) has selected Bechtel, Sargent & Lundy, and GE Hitachi to spearhead the initial planning and design phases for a potential BWRX-300 small modular reactor (SMR) at its Clinch River Nuclear site in Oak Ridge, Tennessee. The collaboration, announced on Jan. 23, will leverage an innovative contracting model designed to streamline […]

2025 will test the progress of the world’s energy transition and could forecast its direction for the next decade. With major economies pursuing budget cuts, it will be a year that challenges the economic viability of any publicly funded projects, with growing pressures to deliver faster and cheaper. For emerging technologies in particular, such as […]

As we enter 2025, the world’s growing need for charging large battery storage in vehicles is driving many changes in how we generate, transmit, distribute and use energy. Against this backdrop, four major trends are poised to impact the energy sector in the coming year and beyond. We expect significant advancements to be seen in […]

The outlook for the power generation sector in 2025 promises a continuation of the energy transition, though there’s plenty of debate about the direction of the industry. Advocates for renewable energy, particularly in the U.S., are concerned about how the incoming Trump administration—with its support for fossil fuels—could impact the growth of clean technologies. Utilities […]

Well over half of North America faces a potential shortage of electricity supplies in the coming years, compounded by surging demand growth, accelerating generator retirements, and delays in resource development, the North American Electric Reliability Corporation (NERC) has warned in its latest 2024 Long-Term Reliability Assessment (LTRA). The designated electric reliability organization’s (ERO’s) annual 10-year […]

Siemens Energy is teaming with UK power giant SSE to develop a combustion system that will allow its flagship SGT5-9000HL gas turbine to run 100% on hydrogen while maintaining the flexibility to operate with natural gas and blends of the two. The two companies on Dec. 9 launched “Mission H2 Power,” a project that will […]

NET Power, developer of a novel gas-fired power plant that captures all atmospheric emissions, will explore deploying up to 1 GW of power capacity in Northern California with partner California Resources Corp. (CRC), California’s largest oil and gas producer.  CRC’s carbon management subsidiary, Carbon TerraVault (CTV), and NET Power signed a memorandum of understanding (MOU) […]

The U.S. Department of Energy (DOE) has named six companies that will compete for 10-year contracts totaling $2.7 billion for the supply of low-enriched uranium (LEU) to support the nation’s nuclear power fleet. The initiative seeks to reduce reliance on Russian imports and foster strong commercial sector investment to build out a resilient fuel supply […]

Amid growing pressure to optimize costs, dependability, and green initiatives, some power companies are beginning to reconsider their approaches to upgrading dated equipment. Refurbished elements provide a viable option to realize these objectives, enabling companies to address the challenges of power plant maintenance and upgrade. All plants need to be updated at some point in […]

DeepGEO, a multinational spent nuclear fuel (SNF) repository developer, and Copenhagen Atomics, a Danish advanced thorium reactor innovator, have signed a first-of-its-kind collaboration agreement that seeks to revolutionize the nuclear fuel cycle by aligning emerging waste management solutions with next-generation reactor technologies. The landmark collaboration marks an industry-first effort to unite a reactor designer and […]

The Public Utility Commission of Texas (PUCT) has adopted a rule for reliability purposes requiring cryptocurrency mining facilities in the Electric Reliability Council of Texas (ERCOT) region to register with the state and annually report details about their location, ownership, form of business, and demand for electricity.    The PUCT’s new rule, adopted on Nov. […]

GE Vernova has unveiled a 100% hydrogen-ready aeroderivative gas turbine solution based on its LM6000VELOX package. The first-of-a-kind technology will be showcased at the 200-MW Whyalla hydrogen power plant in South Australia, with commissioning slated for early 2026. “It is projected to mark the first time a GE Vernova power plant project, at a commercial […]