Markets

World Leading Gas Turbine Efficiency With Best In Class Reliability, Will Reduce Emissions FORT MCMURRAY, ALBERTA, CANADA (October 21, 2019) – Mitsubishi Hitachi Power Systems (MHPS) announced today that Suncor Energy placed an order for two M501JAC advanced class gas turbines and two heat recovery steam generators (HRSG) for a future cogeneration facility at the […]

The energy storage market received a boost Oct. 17 when the Federal Energy Regulatory Commission (FERC) approved the first two compliance filings implementing Order 841, a rule the commission said is designed to eliminate market barriers to electricity storage. Order 841 was enacted in February 2018. The measure directs regional power grid operators to establish […]

A recent study found that electric vehicle (EV) batteries used as a utility virtual power plant (VPP) could shift the entire residential peak load to nighttime hours with only 10% EV market saturation. The research was conducted by Jackson Associates, an Orlando, Florida-based firm that does energy forecasting, data development, and energy-related analysis. The study […]

South Africa’s state-owned utility Eskom was forced to slash 2,000 MW on a rotational basis nationwide on Oct. 16 and Oct. 17. The newest round of power cuts—the first in nearly seven months—highlight the state-owned utility’s scramble to avert financial disaster stemming in part from the fast-tracked construction of two 4.8-GW coal-fired power plants: Medupi […]

U.S. Department of Energy (DOE) Secretary Rick Perry is headed to Brussels, Belgium, to promote small modular reactor (SMR) concepts to European Union (EU) prospects. Perry will be a featured speaker during the “1st U.S.-EU High-Level Industrial Forum on Small Modular Reactors,” which will be held Oct. 21. “The U.S. and the EU share a […]

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]

GE Hitachi Nuclear Energy (GEH) and NuScale Power, two leading companies in the race to build small modular reactors (SMRs) for power generation, have recently announced deals that could result to new plants being constructed in Europe. Feasibility Studies in Estonia GEH on Oct. 3 said it had signed an agreement with Fermi Energia OÜ, […]

Taipei, Taiwan — Taiwan’s largest EPC contractor CTCI has been awarded an EPCC contract for Van Phong-1 1,320MW Thermal Power Plant BOT Project in Vietnam in cooperation with IHI Corporation, Toshiba Energy Systems & Solutions Corporation, and Doosan Heavy Industries and Construction Co., Ltd as consortium. The contract award marks a milestone for the company […]

Material changes to the UK peak power and capacity markets sector has resulted in 3 major reserve power facilities becoming insolvent. As a result, 44MW of standby power generator assets are available for sale either in-situ, to take advantage of STOR, FFR and future capacity markets, or piecemeal for removal. Dan Hurd of Ernst Young, […]

The cost of fuel is one of the most important factors affecting power plant profitability, but flexibility and efficiency are also vitally important to success. One impressive new plant in Ohio—the Lordstown