Markets

The Texas Energy Fund (TEF), a flagship loan program designed to boost the state’s dispatchable generation, faced its first setback on Sept. 4 when the Public Utility Commission of Texas (PUCT) denied Aegle Power’s loan application for a 1,292-MW combined cycle generating facility in Harlingen—its second-largest shortlisted facility. The PUCT said Aegle Power’s application, filed […]

The push for decarbonization in Europe is reshaping the power sector. Stringent environmental regulations and ambitious renewable energy targets have necessitated the expansion and upgradation of the electricity distribution network. This is to accommodate the increased adoption of distributed energy resources (DERs) and electrification across sectors. These factors are expected to significantly drive the demand […]

Energy services businesses are poised to benefit from an unprecedented amount of government support for energy infrastructure. However, choppy waters lie ahead as business models and market conditions evolve

SEIA’s Solar Market Insight Report for Q2 2024 showed that the U.S. solar market set an industry record by installing 11.8 GWdc in the first quarter. Despite this impressive growth in the market overall, the residential segment experienced its lowest quarter since Q1 2022, with installations totaling only 1.3 GWdc—a decline of 25% year-over-year and […]

The Tennessee Valley Authority (TVA’s) board of directors has approved an additional $150 million for the public power utility’s $200 million New Nuclear Program to boost continued design work and development of potential small modular reactors (SMRs) at TVA’s Clinch River site near Oak Ridge, Tennessee. The combined $350 million funding for the project will […]

While global nuclear power capacity has remained at a consistent level over the past decade, newly released data from the International Atomic Energy Agency (IAEA) suggests that more than two-thirds of the world’s nuclear reactors are more than 30 years old, and nearly a third have been in operation for 40 years. According to the […]

The Biden administration will invest $2.2 billion in eight projects under its Grid Resilience and Innovation Partnership (GRIP) program to bolster the nation’s power grid with nearly 13 GW of new transmission capacity across 18 states. The funding, announced on Aug. 6, marks the second round under the Department of Energy’s (DOE’s) GRIP program, a […]

Through its innovative virtual power plant (VPP), Arizona Public Service (APS) harnessed smart home devices to save 138 MW during a historic heatwave, shifting peak demand and proving critical for grid

Vietnam Electricity Group’s Ho Chi Minh City Power Corp. (EVNHCMC) deployed a distribution automation system that facilitates automatic—and very quick—fault detection and handling with a success rate of

Emerging from a historic election that stripped the African National Congress (ANC) party of its majority, South Africa’s new government has indicated it will accelerate the transition to renewable power to