Markets

Modeling from the Electric Reliability Council of Texas (ERCOT) suggests an 11% probability of having a load shed issue on a peak day this summer, an official said during a reliability committee meeting on June 19. The Texas grid, which was tested this week by a record-breaking heat wave, issued a weather watch and a […]

In a bid to transition to a fully regulated business, Duke Energy will sell its unregulated utility-scale solar and wind group—a portfolio of 3.4 GW—for an enterprise value of $2.8 billion to pure-play renewable power platform Brookfield Renewable. The companies announced the transaction for a portion of Duke Energy’s Commercial Renewables business segment on June […]

Constellation Energy, the largest nuclear generator in the U.S., will take over NRG Energy’s 44% ownership stake in the 2.6-GW South Texas Project Electric Generating Station (STP), a nuclear power plant located in Bay City, Texas. Under a definitive agreement announced by two companies on June 1, Constellation will acquire NRG’s 44% equity interest in […]

Westinghouse has officially unveiled the AP300, a “downsized” version of the company’s flagship AP1000 Generation III+ pressurized water reactor (PWR) technology. While the small modular reactor (SMR) will enter a nuclear market already rife with development, the AP300’s “nth-of-a-kind” basis positions it as a strong competitor, the company told POWER. The 300-MWe/900-MWth AP300, launched on May 4, […]

The world is currently going through a major shift toward clean energy, triggered by concerns over climate change, depleting resources, and energy security. The energy transition is a massive undertaking, requiring significant investment and a long-term vision. However, as with any transition, there are challenges and uncertainties, and this is where hedging and trading come […]

Texas officials on May 4 warned that peak demand for electricity could—for the first time—exceed the amount the Electric Reliability Council of Texas (ERCOT) can generate from on-demand dispatchable power, forcing the grid operator to rely on renewables to keep the lights on this summer. During an annual public update ahead of summer 2023, Peter […]

One man’s ambition to electrify the Middle South and improve its economic outlook 110 years ago evolved from a handshake for steam from a boiler powered with waste sawdust into Entergy Corp., a

The “duck curve,” a concept that has become emblematic of the challenges associated with integrating variable renewables in the power system, now looks like a “canyon,” illustrating a paramount urgency for adequate flexibility, Arshad Mansoor, president and CEO of the Electric Power Research Institute (EPRI), has warned.  In a recent post on LinkedIn, Mansoor highlighted […]

My job has made me a frequent flyer, but I can’t imagine stepping onto a plane without confidence in the air traffic control system and its complex interplay of regulation, technology, communications, scheduling, and human expertise. Many obstacles were overcome to achieve modern aviation—and the same is true where I work: today’s electric grid. Virtual […]

New rules, regulations, and legislation are changing the way U.S. utilities generate electricity. First, there was the Clean Power Plan (CPP), which was passed by the Environmental Protection Agency (EPA) in 2015. This was replaced in 2019 by the EPA’s Affordable Clean Energy (ACE) rule. Both policies aim to reduce and limit carbon dioxide emissions […]

The Western Energy Imbalance Market (WEIM), a real-time energy market operated by the California Independent System Operator (CAISO), has gained three new participants, including its first generation-only entity. CAISO on April 5 announced the Western Area Power Administration (WAPA) Desert Southwest region, El Paso Electric (EPE), and AVANGRID have formally begun participation in the WEIM. […]

Driven by ripe market conditions, technology startups are injecting investment and innovation into geothermal power to unlock novel applications that could substantially scale up the niche renewable power

Engineering, procurement, and construction (EPC) contractors deliver many benefits to power projects. Besides the experience they bring that can help keep schedules on track, they often have longstanding

The first Hualong One unit, a 1,180-MWe nuclear reactor designed by China General Nuclear (CGN), is now operational at the company’s Guangxi Fangchenggang Nuclear Power Station in western China’s Guangxi Autonomous Region. Fangchenggang Nuclear Power Plant is 39% owned by Guangxi Investment Group and 61% by CGN. The plant plans to house six 1,000-MWe reactors, […]

Last Energy, a U.S.-based micro modular nuclear technology firm and project developer, has secured power purchase agreements (PPAs) for 34 PWR-20 small modular reactor (SMR) units with four industrial partners in the UK and Poland. The deals, which represent a combined $18.9 in power sales, mark “the largest pipeline of new nuclear power plants under […]

The Environmental Protection Agency (EPA) on March 15 issued the final “Good Neighbor Plan,” its latest iteration of the Cross-State Air Pollution Rule (CSAPR) that could require coal, oil, or gas steam power plants in 22 states to reduce their nitrogen oxide (NOx) emissions levels by 50% by 2027 compared to the 2021 ozone season. […]

Washington, D.C. – In a recent letter to PJM Interconnection, America’s Power explained that near-term coal plant retirements could be three times greater than PJM anticipates in its recent white paper, thereby increasing the risk of electricity shortages.  The PJM paper examines the disconnect between increasing coal retirements, growing electricity demand, and the slow addition […]

The Environmental Protection Agency (EPA) is proposing more stringent discharge standards for three types of coal power plant wastewater as part of an update to its Effluent Limitations Guidelines (ELGs). However, the agency also proposed compliance flexibilities, and in a separate direct final rule, moved to extend a deadline to allow more coal plants to […]

X-energy will demonstrate its four-unit 320-MWe Xe-100 advanced nuclear reactor facility under the Department of Energy’s (DOE’s) Advanced Reactor Demonstration Program (ARDP) at a Dow site in the U.S. Gulf Coast region by the end of the decade—not in Washington State as originally planned. The shakeup stems from a joint development agreement (JDA) the nuclear […]

The power system is changing and electricity suppliers need to adapt or get left behind. Experts weigh in on what leaders should be focusing on and how these items will affect utilities in the future. The

As of December 2022, the Department of Energy (DOE) CHP Installation Database recorded 4,674 combined heat and power (CHP) installations in the U.S., with a combined capacity of 80.4 GW. Installations were all sizes, from large industrial systems that are hundreds of megawatts to small commercial microturbine and fuel cell systems that are tens of […]

Japanese power generator JERA has launched commercial operation of the first of three liquefied natural gas (LNG)–fueled 650-MW combined cycle gas turbine (CCGT) units that will modernize the Anegasaki Thermal Power Station, a mammoth 3.2-GW, six-unit gas and oil power plant in Chiba Prefecture.  The new Anegasaki Thermal Power Station Unit 1, opened on Feb. […]

Ontario Power Generation (OPG), GE Hitachi Nuclear Energy (GEH), SNC-Lavalin, and Aecon have signed a trailblazing six-year alliance agreement designed to bolster the deployment of a BWRX-300 small modular reactor (SMR) at the Darlington New Nuclear Project (DNNP) in Clarington, Ontario. The contract unveiled on Jan. 27—a year after OPG selected GEH’s BWRX-300 for the […]

Siemens Gamesa chief executive Jochen Eickholt acknowledged equipment failures in both the company’s onshore and offshore wind turbines, leading to higher warranty provisions, contributed to a nearly $1 billion net loss for the company in the last three months of 2022. Eickholt on Feb. 2 said the company’s October to December—the group’s fiscal first quarter—loss […]

Americans have much to gain from having a solar project installed in their local community, but their relationship with solar energy is hardly a love affair. The infamous NIMBY (not in my backyard) phenomenon

One of the first U.S.-based wave energy power plants is set to be deployed at AltaSea’s 35-acre campus located at the Port of Los Angeles. Israeli firm Eco Wave Power, which unveiled the project on Jan. 12, said the AltaSea pilot would help the company make inroads in the U.S. Eco Wave’s onshore wave energy […]

SUGAR LAND, Texas (January 5, 2023) – Competitive Power Ventures (CPV) announced the launch of its retail energy platform, CPV Retail Energy, which will initially serve as a retail electric provider for commercial and industrial customers in states within the PJM market and eventually expand into New York and New England. CPV Retail Energy builds […]

So far, utilities have announced plans to retire some 93,000 MW (nameplate) of coal—almost half the existing coal fleet—by the end of this decade. Coal retirements combined with increasing penetration of

Assessments are underway to pin down factors that prompted emergencies, tight grid conditions, and even load-shedding by major entities as Winter Storm Elliot bore down on the North American bulk power system (BPS) this past week.    The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corp. (NERC), and regional entities affiliated with […]

An Arctic blast felt by a large portion of North America is causing reliability turmoil within some segments in its bulk power system, forcing reliability coordinators to declare emergencies, issue conservation warnings, or shed load. TVA, Grappling With Demand Surge, Resorted to Load Shed Temperatures averaging the single digits across the Tennessee Valley Authority (TVA) […]