News
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Renewables
Investment Bank ‘Mobilizing’ up to $115 Billion for Renewables, Energy Storage and More in EU
The European Investment Bank Group (EIB Group) said it will support an initial investment of €30 billion ($30.2 billion) in loans and equity financing to move the European Union (EU) away from fossil fuels and toward cleaner forms of energy over the next five years. The EIB board of directors on Oct. 26 said a […]
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Press Releases
Flowserve Valtek® TX3 Molten Salt Triple-offset Butterfly Valve
For use in concentrated solar power plants DALLAS, Oct. 26, 2022 – Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced the Valtek® TX3 Molten Salt triple-offset butterfly valve. Flowserve designed the Valtek TX3 Molten Salt triple-offset butterfly valve to provide concentrated solar power (CSP) […]
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Nuclear
Canada Bank Group Pledges Millions Toward Nuclear Power Project
The Canadian government has pledged more financing toward development of a grid-scale small modular reactor (SMR), as the country continues to support nuclear power as a way to cut emissions of greenhouse gases from its power generation sector. Natural Resources Minister Jonathan Wilkinson on Oct. 25 said C$970 million ($708 million) is targeted for a […]
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Management
A Pillar in the Community and Collaborator Around the World: DLC Powers Pittsburgh
The Duquesne Light Co. (DLC) may not be among the best-known electric power companies in the U.S., but for its customers in Allegheny and Beaver counties in southwestern Pennsylvania, the company has been a steady presence in the community for more than a century. “We are a Pittsburgh-based utility company. We’ve been in operation for […]
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Press Releases
Edward Norton — Award-Winning Actor, Filmmaker, and Conservationist — Joins Aurora Solar’s Speaker Lineup for Empower 2022, a Premier Virtual Event for the Solar Community
Norton’s November 1, 2022 keynote will highlight the role of solar in creating resiliency and social equality; will touch upon the importance of distributed energy through his conservation work in Kenya. Free, virtual event on November 1-2, 2022 will feature sessions discussing innovations, ideas, and technologies influencing the digital future of the solar industry. October […]
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Press Releases
New SIMOTICS SD200 Frame Size 440 low-voltage, severe-duty AC motors now with 75-800 hp output
Cast-iron motors meet or exceed NEMA Premium® efficiency standards for oil-and-gas/petrochemical, pulp-and-paper, grain and rock processing, other harsh environments Siemens announced the immediate availability of the SIMOTICS SD200 severe-duty motor in frame size 440 as its latest offering in the low-voltage SIMOTICS motor family. Providing high productivity and energy-efficient operation in all torque ranges, these […]
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Press Releases
General Atomics Announces Plans for Fusion Pilot Plant
Innovative concept leverages decades of expertise in fusion research and development San Diego, Oct. 20, 2022 – Today, General Atomics (GA) announced a new concept for a fusion pilot plant (FPP) to deliver clean, safe, and economically viable fusion energy. GA’s FPP concept utilizes a steady-state, compact advanced tokamak design approach, where the fusion plasma […]
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Press Releases
National Grid and LineVision Deploy Largest Dynamic Line Rating Project in the United States
Latest project will Save Consumers Transmission Line Rebuild Costs and Reduce Curtailment of Renewable Energy Projects by 350MW, while expanding overall grid capacity SOMERVILLE, Mass., Oct. 20, 2022 /PRNewswire/ — National Grid, one of the largest investor-owned utilities in the world, and LineVision, the world’s only provider of non-contact overhead power line monitoring systems, announced today that LineVision’s sensors […]
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Trends
Blue Ammonia Production Efforts for Fuel Supply, Exports in High Gear Along U.S. Gulf Coast
Energy giants Chevron and Uniper are pairing with chemical technology companies Air Liquide and LyondellBasell to explore a hydrogen and ammonia production facility along the U.S. Gulf Coast that could support industrial decarbonization and mobility applications in the region and expand clean ammonia exports. The companies, in a joint statement on Oct. 19, said they […]
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Power
Inflation Reduction Act: Increased Electrification and Resulting Utility Implications
While the Inflation Reduction Act (IRA) provides steps in the right direction by expanding renewable energy development and electrification incentives, it may also lead to a worsening duck curve and a larger proportion of variable power sources in the generation mix—putting significant pressure on utilities’ ability to maintain reliability. U.S. utilities need to be proactive […]