Markets

Prices at PJM Interconnection’s 2025/2026 base residual auction (BRA) spiked to $269.92/MW-day for most resources in the wholesale power market, pointing to a tightening supply-demand balance that could have significant implications for the regional transmission organization (RTO). The 2025/2026 BRA—a competitive capacity auction that procures power supply resources in advance of the delivery year to […]

Engineering giant Burns & McDonnell has entered into an agreement with nuclear technology specialist BWXT Technologies to advance the design and development of the BWXT Advanced Nuclear Reactor (BANR). The microreactor project is an integral part of a contract with the Wyoming Energy Authority (WEA), which is assessing the viability of deploying small-scale nuclear reactors […]

In approving the development of a 2,800-acre wind farm across prime agricultural land in the east of England, the UK Secretary of State for Energy Security and Net Zero, Ed Miliband, has confirmed what those who understand renewable market dynamics have known all along: That the UK’s energy transition policymaking has been flawed and riven […]

Nuclear power has consistently provided about 19% to 20% of total annual U.S. electricity generation since 1990. It provides significant amounts of electricity in many other countries as well. According to data from The World Nuclear Industry Status Report (WNISR), a total of 414 reactors were operating in 32 countries, as of July 1, 2024. […]

It’s not uncommon to hear people talk about the energy transition. Yet, throughout its history, the power industry has almost always been transitioning in one way or another. There are constantly new

The wind energy industry has been on an exponential growth curve for more than a decade. POWER looks at the drivers behind the growth and predictions for the future. Nearly 200 countries made major collective

(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, […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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

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

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, […]

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 […]

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 […]

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 […]

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

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

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

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 […]

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 […]

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 […]

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 […]

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

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

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, […]

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 […]