Markets
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Nuclear
Framatome, TerraPower to Develop HALEU Deconversion Pilot Line
(Updated—June 1, 2024): Framatome and TerraPower will team to design and develop a pilot line for high-assay low-enriched uranium (HALEU) metallization, a crucial deconversion process, at Framatome’s nuclear fuel manufacturing facility in Richland, Washington. The pilot line, which will convert uranium oxide into HALEU metal, is scheduled to be ready for testing in early 2025, […]
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Nuclear
White House Launches Initiatives to Bolster New Nuclear Deployments
The White House has unveiled a suite of new measures aimed at slashing risks associated with new nuclear reactor development and construction, underscoring its policy push to champion nuclear. At a May 29 White House summit that showcased recent policy developments and industry investments, the Biden administration announced the formation of a nuclear working group […]
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News
NERC: Summer Grid Outlook Improved But Still Vulnerable to Extreme Weather, Demand Growth Spikes
All regions across the bulk power system (BPS) are generally prepared to meet resource adequacy criteria to meet normal peak demand this summer, but ongoing concerns about extreme weather events, rapid demand growth, and systemic vulnerabilities still pose significant risks for supply shortfalls and grid reliability, the North American Electric Reliability Corp. (NERC) has warned. […]
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Legal & Regulatory
How Regulatory Burdens and Misguided Incentives Are Degrading Power System Reliability
It’s no secret that the U.S. electric power system has undergone a remarkable transition that continues today. Coal-fired generation, which was the leading source of power generation during the 20th century, often providing more than half of the country’s electricity supply, fell to about 16.2% of the mix in 2023. Meanwhile, the U.S. solar market […]
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Energy Security
Historic Solar Storm Spurs PJM to Extend Geomagnetic Disturbance Warning
Grid operator PJM Interconnection has issued a geomagnetic disturbance (GMD) warning after observing “persistent geomagnetically induced current (GIC) at multiple stations” late on Friday. PJM initially issued a GMD warning on May 10 to generators and transmission operators that an ongoing severe solar storm could affect its system between 1:48 p.m. and 9 p.m. on […]
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Legal & Regulatory
States, Trade Groups Sue EPA Over New Fossil Fuel Rules
More than two dozen states and a handful of trade groups filed separate lawsuits in the U.S. Court of Appeals for the D.C. Circuit, challenging parts of the Environmental Protection Agency’s (EPA’s) suite of new final environmental regulations targeting fossil-fired power plants. The challenges respond to the publication in the Federal Register on May 9 […]
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Nuclear
Congress Approves Ban on Imports of Enriched Uranium From Russia
The U.S. Senate on April 30 passed—by unanimous consent—a bill to ban imports of unirradiated low-enriched uranium (LEU) produced in Russia. The bill now heads to the president’s desk for signature into law. The Senate passed the Prohibiting Russian Uranium Imports Act (H.R. 1042), which the House of Representatives passed (also by unanimous consent) by […]
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Solar
Federal Policies and Incentives Drive Demand for American-Made Solar Power Modules
The U.S. was one of the world leaders in solar equipment manufacturing a few decades ago, but then the Chinese stole the show. Now, however, American companies are finding a lot of new opportunities as a
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Solar
How the Massive Growth in Solar Power Is Affecting Power Grids
The Solar Energy Industries Association (SEIA) reported in March that the U.S. solar industry installed 32.4 GWdc of capacity in 2023, a remarkable 51% increase compared to 2022. It was the industry’s
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Legal & Regulatory
Planning for ‘Flip Dates’ in Tax Equity Partnerships
The U.S. government offers certain benefits to renewable energy projects, primarily in the form of tax credits and depreciation. But the reality is that a growing number of tax-equity partnerships are reaching the end of their lifespan, and the sponsors and tax-equity investors in these projects need to be preparing for the future. In fact, […]
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Hybrid Power
Navigating the Interconnection Queue Is One of Many Challenges Clean-Energy Projects Face
There are several obstacles to overcome when building a clean-energy project, but perhaps the biggest is getting through the generator interconnection queue (GIQ). Every regional transmission organization (RTO) and independent system operator (ISO) in the U.S. has a significant backlog in its GIQ and processing interconnection requests can take years to complete. This has created […]
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Legal & Regulatory
DOE Eases Requirements in Final Transformer Efficiency Standards Amid Supply Chain Strain
The U.S. Department of Energy’s (DOE’s) final energy efficiency standards for distribution transformers appear to strike a compromise with industry, softening the agency’s stance on steel requirements for essential transformer components and extending compliance deadlines to five years. The DOE’s final standards issued on April 4 seek to reduce losses in three types of distribution […]
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Trends
A Bold Beginning: GE Vernova Charts Course for Electrification and Decarbonization in Market Debut
Marking the completion of its spin-off from GE, GE Vernova began trading on the New York Stock Exchange on April 2 as an independent company “singularly focused” on accelerating the energy transition. The measure, approved by GE’s Board on Feb. 29, effectively establishes GE Vernova as a giant purpose-built firm that will leverage its technology […]
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Commentary
Balancing Essential Utility Infrastructure Investment with Customer Affordability
Electric utilities are entering an era of growing investment opportunities following a decade of low load growth. However, there is increasing evidence that regulators are growing more concerned about the
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News
Digital Solutions Provide Great Benefits for Cooperative Utilities
Although cooperatives may not have the financial resources of large investor-owned utilities, valuable digital solutions are still within their grasp. Because they have fewer resources to employ, co-ops may
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Energy Storage
Battery Energy Storage Systems: Solutions for Shorter and Longer Durations
As renewable energy capacity increases on power grids, battery energy storage systems become more and more important. While lead battery technology is not new, it is evolving. Advanced lead batteries offer a
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Energy Security
CPS Energy to Acquire Talen’s 1.7-GW Gas Power Fleet in Texas for $785M
CPS Energy will acquire Talen Energy’s 1.7-GW portfolio—comprising three natural gas–fired power plants—in the Texas market for $785 million. The nation’s largest municipally owned power entity on March 27 said it reached an agreement with competitive generator Talen Energy for the acquisition. The transaction is expected to close in the second quarter of 2024, “subject […]
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Nuclear
UK Companies See Major Opportunity in Nuclear Supply Chain
The UK government has ambitions for 24 GW of nuclear energy by 2050 to help in providing energy security for the UK and for meeting its net-zero goals. Among groups helping to revive and expand the UK’s nuclear industry is the University of Sheffield Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC), part of the High […]
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Trends
U.S. Natural Gas Supplies High, Prices at Record Low
The winter heating season, which is often defined as November through March in the U.S., is coming to an end with natural gas inventories 37% above the five-year average, according to the U.S. Energy Information Administration (EIA). Reduced consumption in the residential and commercial sectors this winter has been blamed for the high natural gas […]
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Solar
Community Solar Projects Bring Renewable Energy to the Masses
The National Renewable Energy Laboratory (NREL) explains that community solar, also known as shared solar or solar gardens, is a distributed solar energy deployment model that allows customers to buy or lease part of a larger, off-site shared solar photovoltaic (PV) system. It says community solar arrangements allow customers to enjoy advantages of solar energy […]
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Trends
Shifting Gears: How Diesel and Gas Engines Are Thriving in the New Power Paradigm
As the global power industry pivots toward decarbonization and decentralization, major manufacturers of diesel and gas engines are strategically adapting to change. While large power plants frequently garner
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Trends
Understanding Future Prospects for Hydrogen, Energy Storage, and Renewables
The world is undergoing a remarkable energy transition. Clean power systems are in high demand, offering a bright future for hydrogen and renewables. However, energy storage projects that may look promising
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News and Notes
AEP Abruptly Replaces CEO, Calpine Unveils Leadership Transition
American Electric Power (AEP) and Calpine Corp. separately announced significant leadership reshuffles on Feb. 27, marking new chapters for the power giants. Investor-owned utility AEP, with immediate effectiveness, removed AEP Chair, President, and CEO Julie Sloat, appointing Benjamin G.S. Fowke III, an AEP Board of Directors member and the former chairman and CEO of Xcel Energy, […]
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News
MISO Warns ‘Immediate and Serious’ Challenges Are Threatening Reliability
The Midcontinent Independent System Operator (MISO) is warning reliability challenges have grown urgent as the nation’s power system grapples with a “hyper-complex risk environment.” The grid operator that serves 15 U.S. states and the Canadian province of Manitoba, in its updated Reliability Imperative report released on Feb. 22, flagged several critical challenges that the region […]
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Legal & Regulatory
PJM Capacity Market Reforms Shake Up Resource Accreditation, Impose New Offer and Testing Requirements
The Federal Energy Regulatory Commission (FERC), in Docket No. ER24-99-000, recently approved a suite of tariff revisions submitted by PJM intended to “accommodate the energy transition while maintaining resource adequacy.” Although the reforms affect many aspects of PJM’s Reliability Pricing Model (RPM), this commentary highlights: The transition from capacity accreditation using Equivalent Demand Forced Outage […]
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Commentary
FERC Approves MISO Interconnection Queue Reforms, Rejects Overall Queue Cap
The Federal Energy Regulatory Commission on Jan. 19 approved most of the Midcontinent Independent System Operator’s (MISO) proposed revisions to its Generator Interconnection Procedures (GIP) designed to reduce the submission and negative impacts of speculative interconnection requests. The changes apply prospectively, starting with the DPP-2023 queue cycle, which has not yet entered the Definitive Planning […]
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Sustainability
GE Vernova, IHI Developing Novel Ammonia-Capable Gas Turbine Combustor
GE Vernova will collaborate with Japanese integrated heavy industry group IHI Corp. to develop a retrofittable 100% ammonia-capable gas turbine combustion system that would be compatible with GE’s 6F.03, 7F, and 9F models, targeting a potential commercially available product by 2030. The companies on Jan. 24 signed a joint development agreement (JDA) that formally launched […]
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Trends
Prodigy and Westinghouse Targeting Launch of eVinci Floating Nuclear Plant in Canada by 2030
Westinghouse has revealed it is designing a transportable nuclear power plant (TNPP) featuring an eVinci microreactor with Canadian firm Prodigy Clean Energy, aiming to deliver a first project in Canada by 2030. The project will potentially integrate a single or multiple 5-MWe eVinci microreactors within a Prodigy Microreactor Power Station—a purpose-designed floating facility that will […]
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Legal & Regulatory
Bipartisan Senate Bill Seeks to Rein In DOE Distribution Transformer Efficiency Standards
A bipartisan group of 12 U.S. senators on Jan. 18 introduced a bill that could freeze the Department of Energy’s (DOE’s) implementation of updated energy efficiency standards for distribution transformers. The Distribution Transformer Efficiency and Supply Chain Reliability Act of 2024 (S.3627) would establish new limitations on federal efficiency rules for specific distribution transformers. Several […]
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Energy Security
TVA Urges Conservation as Cold Snap Sets All-Time Peak Demand Record
The Tennessee Valley Authority (TVA) has urged conservation as it grapples with record-high power demand amid extremely cold temperatures and near-zero wind chill over its seven-state region in the Southeast. The federal corporation, a major generator that serves as a regional reliability coordinator, on Jan. 16 said “heavy snow and bitterly cold temperatures” were expected […]