The midterm elections yielded mixed results for power-related matters across the U.S. Voters in Arizona shot down a measure that would have expanded the state’s renewable portfolio standard (RPS) to 50% by 2030, but voters in Nevada overwhelmingly backed a similar measure, adding it to a growing list of states that have sought 50% RPS […]
FuelCell Energy has entered into a $37 million deal to acquire Dominion Energy’s 14.9-MW fuel cell project in Bridgeport, Connecticut, a project it developed and built, and has operated since it began operations in December 2013. The project, one of the largest of its kind in the world, is powered by five Direct FuelCell stationary […]
Sulzer is the leading worldwide, independent service provider for the repair and maintenance of large rotating machines including turbomachinery, pumps and electro-mechanical equipment. With a global network of technically advanced remanufacturing and test facilities, Sulzer offers a collaborative advantage that delivers high-quality, cost-effective, customized and turnkey solutions, providing its customers with the peace-of-mind to focus
Entergy Louisiana, Cleco Power, and Southwestern Electric Power Co. (SWEPCO) have secured a power sales agreement (PSA) to buy power generated by the 80-MW Toledo Bend hydroelectric plant—but only for five years. The Louisiana Public Service Commission (LPSC) on October 26 approved the PSA, providing new life, albeit briefly, for the 1963-licensed Toledo Bend project, […]
Northern Indiana Public Service Co. (NIPSCO) last week told state regulators it plans to retire four coal-fired units at its Wheatfield plant by 2023, a coal-fired unit in Michigan City by 2028, and increase its generation from renewables as part of its “Your Energy, Your Future” initiative. The company’s latest Integrated Resource Plan filed on October […]
China in mid-September increased its renewable portfolio standard (RPS) to 35% of electricity consumption by 2030. The country has already heavily invested in wind and solar, and it anticipates more gains will
Ørsted Snaps Up Deepwater Wind in Major U.S. Offshore Wind Deal. Danish offshore wind farm developer Ørsted in October entered into an agreement with U.S.-based D.E. Shaw Group to buy a 100% equity interest
Proper valves, pipes, and fittings are important for successful operation of power generation facilities. This equipment includes products with versatile designs to establish effective joining and sealing
South Korean legislators in September passed a law allowing the use of bio-heavy oil to generate electricity. The law, expected to be implemented at the start of 2019, is designed to use the oil, made from
A myriad of issues come into play when parties execute power industry mergers and acquisitions. Part 1 of this two-part series examines what dealmakers need to know before making any transactions
New Zealand’s largest geothermal plant was synchronized to the country’s national grid in October. The project took just more than three years to complete. Eastland Group, a Gisborne, New Zealand-based
