Markets

Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an Oct. 25 financial filing said it received proceeds of $2.6 billion for the sale. The amount represents “reimbursement of approximately 50% of project-to-date capital investment.” […]

American Electric Power (AEP) subsidiary AEP Ohio filed a settlement agreement with the Public Utilities Commission of Ohio (PUCO) and key stakeholders on Oct. 23 to address the costs of power infrastructure improvements required for Ohio’s rapidly expanding data center industry. The agreement, which is subject to review and approval by PUCO, sets a precedent […]

A $900 million funding opportunity released by the Department of Energy (DOE) on Oct. 16 seeks to spur “first mover” teams that could deploy the first two Gen III+ light water small modular reactors (SMRs) in the U.S. It will also provide funding for “fast follower” deployment support by addressing critical gaps that have long […]

In a deal that marks the first corporate agreement to deploy multiple small modular reactors (SMRs) in the U.S., Kairos Power and Google have signed a Master Plant Development Agreement to facilitate the development of a 500-MW fleet of molten salt nuclear reactors by 2035 to power Google’s data centers. The first reactor is expected […]

The Jackson Generation plant, a 1.2-GW combined cycle power plant in Elwood, Illinois, debuted North America’s first M501JAC gas turbines. Developed by J-POWER USA, the facility has emerged as a model for

Singapore stands at a pivotal juncture in its journey toward sustainability, with renewable energy (RE) emerging as a beacon of hope in the fight against climate change. Post-COP 28, many countries, including

Energy giant Equinor said it will not export blue hydrogen from Norway to Germany due to economics and a lack of demand. Equinor on September 20 said it would discontinue a project that would have supplied German gas-fired power plants with blue hydrogen via the world’s first offshore hydrogen pipeline. Blue hydrogen is a fuel […]

The growth of distributed energy resources (DERs) has significantly increased over the past decade as the U.S. moves to decarbonize the electric grid. Growth has been possible by incentivizing the transition to clean energy; states and federal legislation, such as the Inflation Reduction Act (IRA), have used tax credits and other programs to accelerate deployment. […]

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 […]