News

IBM Security reported on July 28 that the average cost of recent data breaches was $4.24 million per incident, the highest cost ever recorded by the company in 17 years of tracking the metric. Notably, data breaches in the U.S. were by far the costliest, exceeding $9 million per incident on average. The findings were […]

The Environmental Protection Agency (EPA) is set to establish more stringent standards on water pollution from coal-fired power plants. The EPA on July 26 announced it would reinstate Obama-era regulations that were rolled back by the Trump administration. An EPA official on Monday said the new rule would impact about 100 coal-fired plants. The agency […]

The U.S., UK and other countries want world governments to commit to a phaseout of the use and financing of coal-fired power generation, but officials who met at the G20 Environment Ministers Meeting summit in Naples, Italy, this past week ended their talks without an agreement on the future of the fuel. The topic will […]

Facing a federal charge for honest services wire fraud in a corruption case related to the billion-dollar nuclear plant bailout in Ohio, FirstEnergy Corp. has agreed to abide by the terms of a three-year deferred prosecution settlement to get the charge dismissed. In court filings on July 22, the Akron, Ohio-based public utility holding company […]

The American Clean Power Association (ACP)—a 2021-launched pan-renewables trade group—may be poised to merge with the U.S. Energy Storage Association (ESA) starting on Jan. 1, 2022. The groups’ intent to pursue a merger, announced on July 22, still requires ESA’s member approval. If successful, it would combine the two trade association’s staff programs and members, […]

Energy companies continue to work on providing solutions to optimize the power grid, part of their efforts to support the integration of renewables and help ensure the reliable delivery of electricity. Such systems are part of the digital transformation of power generation, bringing increased flexibility to the power supply, supporting faster power restoration after outages, […]

Numerous energy facilities were afflicted by the major flooding event that inundated parts of Europe last week, and at least one major power generator has said the damage will likely mount into a “mid-double-digit million euro sum.” The flooding, which was caused by a cold, low-pressure area dubbed “Bernd,” crawled slowly across the continent over two […]

A Canada-based energy company has completed the second of three planned coal-to-gas conversions at its thermal power plants in Alberta. TransAlta Corp. on July 19 said the conversion of the 395-MW Unit 2 at the Keephills plant near Wabamun, about 45 miles west of Edmonton, continues the company’s transition away from coal-fired power generation. TransAlta […]

A solar energy project that will provide power for Microsoft has begun commercial operation in Arizona, with the project developer announcing term financing has been completed. Longroad Energy, a Boston-based renewable energy developer that also has offices in California and Maine, on July 20 said the 200-MW Sun Streams 2 array—one of four Maricopa County-based […]

Construction of Egypt’s first nuclear power plant is moving forward, and a government official said the country plans to build “several” more reactors “in various regions” to help support economic development and increasing demand for power. Hesham Hegazy, who leads the nuclear fuel sector for Egypt’s Nuclear Power Plants Authority (NPPA), made the comments during […]