Markets

The Electric Reliability Council of Texas (ERCOT) has issued a conservation appeal as it braces for continued freezing temperatures, “very high” demand, and “unseasonably low wind” early in the morning on Jan. 15, just before the solar ramp-up. The grid operator on Sunday afternoon said it expects “tight grid conditions” as temperatures plunge, driven by […]

PJM has urged Talen Energy to delay its deactivation of two of four units at the 840-MW coal, oil, and gas–fired Herbert A. Wagner Generating Station in Maryland until transmission upgrades are put into service around 2028. The nation’s largest regional transmission organization (RTO) on Jan. 10 said it informed Talen that the deactivation of […]

The UK may be poised to become the first European country to launch domestic production of high-assay, low-enriched uranium (HALEU). New funding announced by the country’s government this week signifies global momentum to establish a reliable supply of the specialist fuel that will be required for advanced nuclear reactors. The UK’s Department for Energy Security […]

The history of electric cooperatives is one of individuals striving to improve their local communities. Perhaps the most inspiring electric cooperative formation was initiated by Peggi Timm. Timm, whose accomplishments would fill a library, helped to create one of Oregon’s largest cooperatives, called Oregon Trail Electric Cooperative (OTEC). In 1987, OTEC’s service territory was controlled […]

The growing urgency to address climate change by policymakers, industry, and investors appears to have reinvigorated carbon capture and storage (CCS) deployment. More than 50 CCS facilities at power plants are

To understand what the Electric Reliability Council of Texas (ERCOT) is, it helps to understand how the North American electric power system is configured. The contiguous U.S. is comprised of three power grids or “interconnections.” The Eastern Interconnection reaches from central Canada eastward to the Atlantic coast (excluding Québec), south to Florida, and west to […]

The small modular reactor (SMR) concept has long been viewed by many within the nuclear sector and by policymakers as somewhat of an arriviste—an upstart with bold promises but lacking credibility and a track record. SMRs were touted to save the nuclear industry from its original sins of delays and cost overruns, typical for all […]

The Federal Energy Regulatory Commission (FERC) has unanimously approved the California Independent System Operator’s (CAISO’s) Day-Ahead Market Enhancements (DAME) and Extended Day-Ahead Market (EDAM) proposal, effectively allowing new market options to address challenges caused by increasing system variability and uncertainty in the West. FERC’s decision issued on Dec. 20, for the most part, accepts CAISO’s […]

Siemens Energy may be poised to become a crucial equipment and consulting partner for Oklo’s Aurora powerhouse, a liquid metal-cooled fast nuclear reactor. A memorandum of understanding (MOU) Oklo unveiled on Dec. 19 designates Siemens Energy to become Oklo’s potentially preferred supplier for the rotating equipment in the conventional island of the Aurora powerhouse, including […]

Following a difficult period for the renewable energy industry, firms must begin prioritising foreign exchange (FX) risk management against the rising threat of currency movements. It has been a tough year for the renewable energy industry. The post-COVID inflationary pressures that have gripped the global economy over the last two years are weighing heavily on […]

Have you noticed more electric vehicles (EVs) driving around your neighborhood? According to Kelley Blue Book’s “Electric Vehicle Sales Report Q3 2023,” EV sales volume in the U.S. set a new record in

The effort to electrify vehicles is a growing trend sweeping through America. The task is expensive enough to keep it from ever being quick. Still, funding is available from numerous sources and the commitment to accomplish what would once have seemed impossible is obvious. One of the largest vehicle fleets in the country is the […]

Rooted in the birth of the UK’s energy industry, National Grid’s operations have traversed critical periods of the energy industry’s tumultuous history. While it is today one of the world’s largest

European Union (EU) electricity markets appear to be successfully bucking their reliance on Russian gas. Several recent reports point to improved market fundamentals in the region, suggesting the region is on

PORTLAND, Ore. – NuScale Power Corporation (NuScale or the Company) (NYSE: SMR) today issued the following statement in response to a misleading short-seller report on October 19, 2023 (the Report). The inaccurate and deceptive “research” is riddled with speculative statements with no basis in fact and demonstrates a limited understanding of small modular nuclear reactors […]

Maria Korsnick, president and CEO of the Nuclear Energy Institute (NEI), the policy organization of the nuclear technologies industry, suggested a bipartisan majority in Congress recognizes the importance of nuclear energy and has supported the industry with unprecedented levels of funding. As an example, Korsnick pointed to the Bipartisan Infrastructure Law, which provided a $6 […]

Six nuclear designs will advance to the next phase of the UK’s Small Modular Reactor (SMR) competition, a fast-track measure that could result in a government contract within the next 10 months as part of a strategy to deliver operational SMRs by the mid-2030s. EDF, GE-Hitachi Nuclear Energy (GEH), Holtec Britain, NuScale Power, Rolls Royce SMR, […]

The Southwest Power Pool (SPP) is poised to become the first regional transmission organization (RTO) to provide coordinated operation across the Eastern and Western Interconnections, bridging a historic gap to potentially boost regional reliability, savings, and efficiencies. SPP, which has operated as an RTO since 2004, currently has 110 member companies in its Eastern Interconnection […]

Polskie Elektrownie Jądrowe (PEJ), Poland’s designated entity tasked with developing the country’s first nuclear plant in Pomerania, has signed an engineering services contract with a Westinghouse-Bechtel consortium, allowing site-specific work to begin on the AP1000 power plant. The companies announced the “historic” contract on Sept. 27, one week after nuclear technology giant Westinghouse and global […]

Incremental unplanned generation outages triggered during Winter Storm Elliott spiked to 90.5 GW—significantly more than the 61.8 GW during Winter Storm Uri in 2021—representing 13% of the U.S. portion of anticipated resources in the Eastern Interconnection. That finding, one of many disturbing details unveiled by the Federal Energy Regulatory Commission (FERC) and North American Electric […]

Holtec International, a diversified energy technology company, and Wolverine Power Cooperative, a not-for-profit power generation cooperative based in Michigan, announced that they have entered into a long-term agreement that will “pave the way” for the restart of the 800-MW Palisades Nuclear Power Plant in Covert Township, Michigan (Figure 1). The Palisades reactor was taken offline […]

The Electric Reliability Council of Texas (ERCOT) on Sept. 6 issued an Energy Emergency Alert 2 (EEA 2) after grid conditions quickly deteriorated around sunset (7:30 p.m.) as demand soared and operating power reserves plunged. The grid operator said that the emergency operations were necessary “due to a combination of dropping operating reserves and frequency.” […]

Marking a significant inroad to establish a South Korean foothold in the world’s gas turbine technology market, heavy industrial company Doosan Enerbility this summer began commercial operation of its first

Centrus, a firm poised to demonstrate high-assay, low-enriched uranium (HALEU) production, will partner with microreactor technology developer Oklo on several pioneering steps to build out the HALEU front-end supply chain, including pivotal commercial deconversion capabilities. The landmark collaboration could also make Centrus one of Oklo’s first commercial power off-takers for two reactors planned in Southern […]

The North American Reliability Corporation (NERC) will for the first time consider “energy policy” among five significant evolving and interdependent risks to grid reliability. In its latest biennial ERO Reliability Risk Priorities Report, the designated North American Electric Reliability Organization (ERO) identifies energy policy as a new risk priority alongside grid transformation, resilience to extreme […]

The Federal Energy Regulatory Commission (FERC) has approved key transmission reforms aimed at clearing a staggering backlog of more than 10,000 generation and storage projects—more than 2,000 GW—stalled in interconnection queues across the country. Order 2023, a final rule unanimously adopted by FERC’s four commissioners at a July 27 open meeting and posted in full […]

Once a giant pure-play independent power producer, NRG Energy has cultivated a legacy of pioneering business models to withstand waves of change in the power sector. Its latest strategic shift pivots from

Since 2021, Cuba has been going through a complex situation in its national electrical system. Blackouts have been increasing, with higher incidence in recent months. Although projections predicted an

Below freezing at breakfast, sweltering by supper, dramatic swings in weather are no longer the purview of small talk. Predicting, accounting for, and reacting to weather are boardroom agenda items that impact

Although there is a risk of energy shortfalls in parts of the U.S. if extreme summer temperatures materialize, there is no stopping the clean energy transition that is sweeping the nation. Energy storage