News

  • Strong policy and falling battery costs drive another record year for electric cars

    Latest IEA report finds that charging infrastructure, more battery improvements and the supply of core materials will be critical to sustaining growth The number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017, a 54% increase compared with 2016, according to the latest edition of the International Energy Agency’s […]

  • GE Stock Falls as CEO Backs ‘Deliberate’ Pace of Change

    Shares of General Electric (GE) have fallen about 50% over the past year, and on May 23 GE saw its stock drop more than 7%, its biggest one-day loss since April 20, 2009. Much of Wednesday’s decline came as CEO John Flannery was speaking to attendees at the Electrical Products Group (EPG) conference in Longboat […]

  • Bill Supporting Xcel Energy Nuclear Plants Dies in Minnesota

    A bill that would have provided more cost-recovery certainty for Xcel Energy’s two Minnesota nuclear plants didn’t get through the state House of Representatives prior to the legislative session ending on May 20, effectively killing the measure. The bill would have allowed Xcel to submit proposals to the Minnesota Public Utilities Commission (MPUC) designating each […]

  • Exelon: Record Amount of Nuclear Capacity Failed to Clear PJM Auction

    Exelon Corp.’s Three Mile Island, Dresden, and all but a small portion of its Byron nuclear plants failed to clear PJM Interconnection’s latest annual capacity auction—despite an average 83% surge in capacity prices compared to last year. While coal and gas made moderate gains, demand response, energy efficiency, wind, and solar emerged as the auction’s […]

  • FERC Proposes to Approve Revised GMD Reliability Standard

    The Federal Energy Regulatory Commission (FERC) is poised to approve a revised reliability standard to ensure reliability during geomagnetic disturbances (GMDs). FERC staff on May 17 issued a notice of proposed rulemaking (NOPR) urging its commissioners to approve Reliability Standard TPL-007-2, which the North American Electric Reliability Corp.(NERC)  developed in response to FERC’s September 2016-issued Order […]

  • Concerns About Summer Reliability in Texas and California Persist

    Higher-than-average temperatures forecast for much of the U.S. this summer won’t affect reliability in most regions, though concerns remain for Texas and Southern California, according to the Federal Energy Regulatory Commission (FERC). Presenting the “Summer 2018 Energy Market and Reliability Assessment,” on May 17,  FERC staff said that most entities that are part of the […]

  • Threat Actor Behind Cybersecurity Attacks Targeting Safety Instrumented Systems Identified

    A relatively new cyberattack threat activity group dubbed “XENOTIME” is intent on compromising and disrupting industry safety instrumented systems globally, and cybersecurity experts are warning it is “easily the most dangerous threat activity publicly known.” According to  global industrial control system (ICS) cybersecurity firm Dragos Inc., XENOTIME is behind TRISIS (also known as TRITON), the […]

  • Officials Say No Risk of Blackout From Lava Breach at Hawaii Geothermal Plant

    Officials with Hawaii Electric Light (HEL) on May 23 said the Puna Geothermal Venture power plant is secure, and that even if lava from the Kilauea eruption damages or destroys the facility, there is no danger of a blackout on the island because older, diesel-fueled plants have been brought online to provide electricity. HEL officials […]

  • New Jersey Nuclear and Renewable Energy Bills Signed by Governor

    New Jersey Gov. Phil Murphy signed a few important energy bills on May 23 including one (S-2313) that establishes a zero emissions certificate (ZEC) program, which reportedly will provide the state’s nuclear power plants with $300 million a year in ratepayer subsidies. To qualify, the plants must demonstrate that they make a significant contribution to […]

  • NTE Opens Gas-Fired Middletown Plant in Ohio

    NTE Energy on May 21 inaugurated the new Middletown Energy Center in Middletown, Ohio, the latest in a series of natural gas-fired power plants the Florida-based company is developing in Ohio, Texas, and North and South Carolina. NTE touts the 525-MW Middletown combined cycle facility as among the most efficient gas-fired power plants in the […]

  • Dominion Invests in GE-Hitachi Nuclear Development of 300-MW SMR

    Dominion Energy will provide seed money to further work of GE Hitachi Nuclear Energy’s (GEH’s) BWRX-300, a 300-MWe small modular reactor design (SMR). Dominion has “no plan at this time to build one at any of its commercial nuclear stations,” but the funding could help bring the SMR design closer to commercialization, GEH said in […]

  • Cash-Starved Southern Sells Florida Assets to NextEra

    NextEra Energy on May 21 said it would acquire several assets from Southern Co., including Southern’s ownership interest in two natural gas-fired power plants in Florida, in a deal valued at about $6.5 billion. Southern in a statement Monday said the sale would help the company reduce debt, which has dogged Southern as its subsidiary […]

  • Wind Power Faces a Post-PTC ‘Valley of Death’

    Wind power capacity in the U.S., whose explosive growth has tripled since 2008—even overtaking hydropower to become the nation’s largest source of renewable electricity—could face a period of stagnation once the production tax credit (PTC) is phased out in 2021. Analysts at WINDPOWER 2018 in Chicago last week called the period between 2021 and 2026 […]

  • DOE Lays Out How Power Sector Could Win the Cybersecurity Battle

    Cybersecurity threats are outpacing the energy sector’s “best defenses,” and costs of preventing and responding to cyber incidents are straining company efforts to protect critical infrastructure, the Department of Energy (DOE) warned as it released a comprehensive five-year cybersecurity strategy for the industry. The Multiyear Plan for Energy Sector Cybersecurity, dated March 2018 but which […]

  • GE Sets Sights on MHPS and Siemens Customers

    Drawing on decades of gas turbine experience, GE’s Power Services business announced on May 16 that it is expanding its cross-fleet service offerings to a broader portion of the F-class market, including Siemens’ SGT6-5000F and SGT-800 models, and Mitsubishi Hitachi Power Systems’ (MHPS’s) 501F technology. “GE is proven as one of the technology leaders and […]

  • GE Will Take on Alstom Stakes in Energy Joint Ventures for $3.2B

    GE will buy Alstom’s stakes in three energy joint ventures (JVs) the companies formed when GE acquired Alstom’s energy business nearly three years ago. Alstom and GE on May 4 signed an agreement that essentially sets out a plan for Alstom to exercise put options on JVs it formed with GE pertaining to their renewables […]

  • Eighth Reactor Restarts in Japan, Seven Years After Fukushima

    Unit 4 of Japan’s Ohi nuclear power plant is online again, the eighth reactor in the country to resume service after the Fukushima disaster in 2011. Japan idled all 50 of its remaining nuclear units after the incident at the Fukushima Daiichi plant, which occurred when a 9.0-magnitude earthquake in March 2011 caused a massive […]

  • IPL Accelerates Toward a Cleaner Energy Future with Completion of Eagle Valley Natural Gas Plant

    New power plant generates cleaner, more reliable, and efficient energy at a reasonable cost to customers INDIANAPOLIS–(BUSINESS WIRE)–Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (NYSE: AES), announces a historic milestone has been met as the 671 megawatt Combined-Cycle Gas Turbine (CCGT) natural gas plant reached substantial completion and began commercial […]

  • Report Says More Nuclear Plants in Financial Trouble

    A report from Bloomberg New Energy Finance (BNEF) says the financial struggles of U.S. nuclear power plants continue to increase, and it is likely more plants will be faced with early retirement. It’s another acknowledgement of the tough operating environment for nuclear facilities as gas-fired and renewable energy sources continue to grab more power generation […]

  • Alaska’s Only Nuclear Plant Will Be Decommissioned

    It’s been nearly 50 years since Alaska’s only nuclear power plant was in service. Nonetheless, the site has continued to be a hub of activity off and on over the years; the steam plant that was served by the nuclear reactor remains online, today powered by diesel. And since 2003, the facility has been home […]

  • DOE Set to Support Small Modular Coal Units

    The U.S. Department of Energy (DOE) wants to know whether small-scale, modular coal-fired power plants are feasible. The DOE this week put out a request for information on how to accomplish such projects, following on its announcement earlier this year that it wants to establish funding opportunities for new coal technologies in an effort to […]

  • New Gas-Fired Plants Planned in Florida, South Carolina

    Florida regulators have given the green light to a pair of new natural gas-fired power plants that will add nearly 1,700 MW of generation capacity in the state, and a Florida-based energy project developer has announced a 1,000-MW gas-fired facility project in South Carolina. The Florida Public Service Commission (PSC) on May 8 gave approval […]

  • Gas-Fired Generation Will Top 2018 Capacity Additions

    The U.S. Energy Information Administration’s (EIA’s) latest report on the nation’s power generation inventory expects 32 GW of new capacity will enter commercial service this year, the most in at least at decade. And for the first time in five years, renewable energy sources will not make up the majority of that new generation. Nearly […]

  • Siemens Plans Temporary Shutdown of Power & Gas Division

    Siemens, one of the world’s largest turbine manufacturers, said it plans to temporarily shut its Power & Gas (PG) division operations worldwide in an effort to cut costs. The Germany-based energy giant in a May 7 news release said, “The shutdowns are part of a comprehensive package of measures, which also includes issues such as […]

  • MHPS Tops GE, Siemens in Gas Turbine Market

    A report from Barclays Plc said Mitsubishi Hitachi Power Systems (MHPS) received more than half of all global orders for gas-fueled turbines in the first quarter of 2018, the company’s best-ever performance in a market that has seen traditional gas turbine manufacturers struggle in recent months. The market report from the London, UK-based multinational investment […]

  • DOE Steps Up Investments into Electric Generation Technology Research

    The U.S. Department of Energy (DOE) over the past two weeks has made a string of funding announcements, including nearly a half-billion dollars of new investment in power-related initiatives. The funding backs advancements in cybersecurity, advanced nuclear, solar, bioenergy, fuel cells, geothermal, and energy storage. $25 Million for Cybersecurity.On April 16, the DOE’s Office of […]

  • Sufficient Blackstart Capability Exists on Grid, Say NERC, FERC

      Despite the recent retirement of “blackstart” units, grid operators have sufficient resources to quickly restore systems in the event of widespread outages, suggests a new report by staff at the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC). The report—“FERC-NERC-Regional Entity Joint Review of Restoration and Recovery Plans”—released May […]

  • Commitment to Cutting-Edge Renewable Energy Solutions on Display in Scotland

    All-Energy 2018 Glasgow, the UK’s largest renewable and low-carbon energy exhibition and conference, began on May 2 having broken a record even before the doors opened. For the first time in the show’s history, four government ministers were scheduled to speak with Scotland’s First Minister, Nicola Sturgeon MSP, delivering the keynote in the opening plenary […]

  • EPA Sets Schedule for Potential ELG Rule Revision

    The Environmental Protection Agency (EPA) has issued an official timeline for rulemaking that would potentially revise the Obama administration’s 2015 effluent limitations guidelines and standards (ELGs) for steam electric power plants. In its May 2-released Final 2016 Effluent Guidelines Program Plan, the EPA said it will potentially revise the stringent Best Available Technology (BAT) effluent […]

  • Kentucky Coal Plant’s Future in Doubt

    An electric cooperative that provides wholesale power and services to customers in 22 counties in western Kentucky has told state regulators it intends to end an operating agreement at a 312-MW coal-fired plant in Henderson, which could lead to the plant’s retirement. Big Rivers Electric on May 1 told the state Public Service Commission (PSC) […]