Markets

War rages in Europe. Natural gas prices are through the roof. Drought threatens hydro production. Weather extremes are becoming commonplace. Supply chains are strained. Demand for electricity is headed

The Australian Energy Market Operator (AEMO) on June 15 indefinitely suspended spot markets in all regions of its National Electricity Market (NEM), citing critical power generation supply shortfalls that it said made it “impossible to continue” operations under national electricity rules. AEMO—the independent system operator (ISO) that operates the competitive market serving New South Wales, […]

The Department of Energy’s (DOE’s) first official loan guarantee for a new clean energy technology project since 2014 will go to the Advanced Clean Energy Storage 1 project in Utah—one of the world’s largest renewable hydrogen energy projects.  The DOE on June 8 announced it closed on the $504.4 million loan guarantee for the first […]

The first two GE 7HA.03 machines—the largest 60-Hz heavy-duty gas turbines in the world and the most efficient in GE’s fleet—are now operational at Florida Power & Light’s (FPL’s) newly inaugurated 1,260-MW Dania Beach Clean Energy Center (DBEC) in Broward County.  FPL officially declared the Dania Beach Clean Energy Center near Fort Lauderdale, Florida, commercially […]

Drought in California could nearly halve the state’s hydroelectric generation this summer, pushing up wholesale power prices in the West, and forcing the state to rely on natural gas generation and out-of-state imports, the Energy Information Administration (EIA) projects in a new analysis. The EIA suggests in a supplement to its May 2022–released Short-Term Energy Outlook […]

Significant advances in high-voltage direct current (HVDC) transmission are in step with rapid changes to energy systems worldwide. Shortly after POWER magazine began publication in 1882, the competitive

Vermont doesn’t get a lot of attention outside of Bernie Sanders, but the state’s power system is worth taking a look at as it has undergone a notable shift toward renewable energy. About 80% of

As coal plants are retired, power companies must decide what to do with sites. Some old plants have been added to the National Register of Historic Places and repurposed as commercial or office space, while

The current geopolitical crisis spurred by the Russian invasion of Ukraine should provide a rude awakening in the West to our misguided and flawed policies toward energy development by government and major

An unprecedented array of risks—ranging from capacity shortfalls, extreme weather, extended drought, supply chain issues, cybersecurity, solar PV tripping, fuel constraints, to wildfires—could imperil the reliability of nearly every North American bulk power system (BPS) region west of the Midcontinent Independent System Operator (MISO) this summer, the North American Electric Reliability Corp. (NERC) warned in […]

Salt River Project Agricultural Improvement and Power District (SRP) is seeking a rehearing and reconsideration of the Arizona Corporation Commission’s (ACC’s) denial of a major gas power plant expansion, which the public power utility has stressed will be crucial for near-term system reliability and long-term renewable integration.  In a filing on May 16, SRP urged […]

The California Energy Commission (CEC) is mulling a preliminary planning goal for 3 GW of offshore wind by 2030 and potentially expanding it to 10 GW to 15 GW by 2045. If finalized, California’s offshore wind goals would be the most ambitious in the U.S., surpassing even New York’s, which calls for 9 GW by […]

(Updated—May 6, 2022) The Electric Reliability Council of Texas (ERCOT) and the Midcontinent Independent System Operator (MISO) over the past week separately expressed concerns about power supply uncertainties in the face of upcoming warmer-than-normal temperatures. MISO raised an alarm on April 28 when it said that it projects “insufficient firm resources” to cover the summer […]

A drumbeat of floating offshore wind–related developments this year suggests the pipeline for the long-nascent wind technology sub-sector may be finally beginning to grow. While floating wind’s current

Hydrogen combustion has begun at the 485-MW Long Ridge Energy Terminal combined cycle power plant—a flagship GE HA-class project that is purpose-built to transition from natural gas to hydrogen blends and ultimately be capable of burning 100% hydrogen. While the sprawling multimodal facility in Hannibal, Ohio—which sits on the Ohio and West Virginia border—achieved commercial […]

A Goldman Sachs private equity business is taking a stake in critical industry cybersecurity firm Fortress Information Security. The $125 million investment underscores a heightened awareness of supply chain vulnerabilities within the investor community. Fortress, which announced the investment from Goldman Sachs Asset Management Private Equity on April 19, said it also highlights a wider […]

Natural gas generation’s future hinges on a precarious and exceptionally volatile set of issues that the conflict in Ukraine intensified. Experts from the full natural gas chain shed light on how that

As we commemorate another Earth Day this April, the challenges facing our energy systems and the environment seem more pressing than ever. Americans face continued economic uncertainty following the COVID-19

The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to the European Union (EU) but also reduce overall natural gas demand in the U.S. and EU through “accelerated market deployment” of clean energy measures. The measures are part of strategic energy cooperation […]

The PJM Interconnection’s Minimum Offer Price Rule (MOPR) was introduced in 2006 as a floor to bar new generators from artificially depressing capacity auction clearing prices through below-cost bids.

It is not an over-reaction to state that we are in the midst of a planetary emergency. We face the combined threats of climate, nature loss, and human health pandemics. Of the nine planetary boundaries that

NuScale Power has signed a definitive commercial agreement with mining and processing firm KGHM Polska Miedź S.A. to deploy a VOYGR power plant of up to 924 MWe as early as 2029 to support KGHM’s copper and silver production in Poland. Under an “early works agreement” signed in a ceremony on Feb. 14 in the […]

Parts of Texas have suffered localized, distribution-level power outages as an Arctic outbreak sent temperatures plummeting across the state, but its heavily scrutinized grid is largely prepared to weather the storm, state entities said. Frigid temperatures stemming from a large dome of Arctic high pressure are sending temperatures into the single digits and below zero […]

In February 2021, a severe cold weather event, known as Winter Storm Uri, caused numerous power outages, derates, or failures to start at electric generating plants scattered across Texas and the south-central U.S. The Electric Reliability Council of Texas (ERCOT), which manages the power supply for about 90% of the load in Texas, ordered a […]

The Biden administration has made clear its intention to promote the transition to clean energy, setting ambitious goals like carbon neutrality for the power sector by 2035 and for the entire country by 2050. A critical step toward these goals was congressional passage of the $1 trillion Infrastructure Investment and Jobs Act (IIJA), which President […]

GE’s first earnings release after the American conglomerate last November announced it would combine and spin-off its Renewable Energy, Power, and Digital business suggests flagging orders for onshore and offshore wind equipment and gas turbines amid a business environment wrought with uncertainty. GE on Jan. 25 reported revenues of $15.7 billion for its Renewable Energy business, […]

Two Vistra Corp. subsidiaries have alleged in a complaint filed with the Texas Railroad Commission that a major pipeline firm has threatened to terminate natural gas service to five Texas gas-fired power plants—a combined 2 GW—“at any time” after Jan. 23. If escalated, the issue could pose new hurdles for the state’s electricity security as […]

Environmental, social, and governance (ESG) efforts are factoring into merger and acquisition (M&A) deal activity within the power and utilities sector across North America, according to a report issued by PwC, a professional services firm serving the “Trust Solutions and Consulting Solutions” segments. “As policies are clarified and ESG strategies are strengthened, broad investor interest […]

New distributed energy resources (DERs) are being added to the power grid every day. However, DERs don’t automatically provide owners with the greatest value possible. In many cases, that requires the help of an aggregator, that is, a company that specializes in managing DERs owned by a pool of clients and optimizing performance of the […]

Ethiopia is reportedly gearing up to begin testing hydropower generation at its flagship 5.2-GW Grand Ethiopian Renaissance Dam (GERD), despite a continued diplomatic row about its potential implications on water consumption on the Blue Nile. Citing unnamed project sources, Capital, a weekly Ethiopian business newspaper, reported this week that work to begin test power generation […]