Markets

Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grids. The new company, which already has a volume of about $10 billion, is expected to provide financial muscle to support ambitious projects and new business opportunities as the sector embraces decentralization […]

Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference

While island governments are exploring marine power technologies as serious options for future resources to replace diesel, technology developers are looking at improved value through new revenue streams, such

An energy imbalance market (EIM) is a voluntary market that provides a sub-hourly economic dispatch of participating resources for balancing supply and demand every five minutes. One such market is the Western

Power customers are demanding personalized energy solutions, forcing the industry to alter business models. The leading providers of the future will be digital, agile, efficient, and highly customer-centric

While the nation is rightfully consumed with responding to the COVID-19 crisis, other battles are being fought that also will have decades-long consequences. One of those involves states seeking to override

Four U.S. nuclear generators—Energy Harbor, Xcel Energy, Exelon, and Arizona Public Service (APS)—are making headway on projects to demonstrate hydrogen production at nuclear plants, but scaling those efforts up to net new end-users and sources of revenue is still ridden with hurdles, company officials said in a panel discussion at the American Nuclear Society’s (ANS’s) […]

Despite COVID-19’s impact on power demand, disrupted pre-season generation preparation, and an expected highly active hurricane and wildfire season, industry appears well-positioned to meet peak demand this summer under anticipated weather in nearly all parts of the North American bulk power system (BPS).  Other than in the Electric Reliability Council of Texas (ERCOT), anticipated reserve […]

It’s peak season for the U.S. power industry. While actual dates may vary from one utility to another, generally the summer peak period spans from Memorial Day (May 25 this year) to Labor Day (Sept. 7)

The global crash of prices for crude oil, on top of a prolonged slump in the price of natural gas, is taking a toll on the oil and gas sector. The coal industry also continues to suffer, as the supply of