Markets

One of the most important items on President Trump’s first-year agenda was the implementation of tax reform in the U.S. Republican lawmakers worked tirelessly as the calendar year drew to an end to get a new

Turbophase enables combustion turbine owners and power grids to increase flexibility, power, and efficiency, which is critical at a time when dispatch of renewable energy is growing. Combustion turbines

The world’s energy transition took an interesting turn at the end of 2017 as global power firm Engie announced it would switch all its gas operations to biogas and renewable hydrogen, the UK slashed its

Overwhelmed by low wholesale power prices and changing customer needs in the Pacific Northwest, the Bonneville Power Administration (BPA) on January 30 unveiled a lifeline it hopes will allow it to remain commercially afloat. While the nonprofit federal power marketer headquartered in Portland, Oregon, is part of the Department of Energy, it is self-funding and […]

The nuclear power industry is struggling in the U.S. Several reactors are at risk of early closure due to difficulty competing in the wholesale power markets. New units being built in South Carolina have been abandoned, while the only other nuclear construction project in the U.S.—the Plant Vogtle expansion in Georgia—is behind schedule and over […]

Underscoring energy storage’s new vital role in power company operations, Siemens and AES Corp. have launched a joint company, Fluence Energy, that provides technology solutions paired with engineering and services capabilities. AES and Siemens on January 11 announced that Fluence, which merges AES Energy Storage and Siemens’ energy storage team, received all government approvals for the […]

The U.S. Energy Information Administration (EIA) released its first look at expected power generation in 2019, and its conclusions are much the same as those it expects in 2018—the use of natural gas to produce electricity will continue to rise, and the use of coal will continue to decline. EIA’s Short-Term Energy Outlook, released January […]

The Federal Energy Regulatory Commission (FERC) has rejected the Department of Energy’s (DOE’s) controversial proposed rule on grid reliability and resilience pricing, initiating instead a new proceeding that will examine the resilience of the bulk power system. The DOE’s “Grid Resiliency Pricing Rule” proposed on Sept. 29 directed FERC—an independent regulatory government agency that is […]

Merchant markets for independent power producers in the U.S. are unfavorable, and many companies in the sector have slumping profits—even big losses—as they ponder where to go in the months and years

There are challenges facing the power industry in 2018, but there are also a lot of exciting opportunities. Renewable energy and gas-fired generation are expected to continue growing, but changes in federal