Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]
Over the past decade, there has been a significant change in the U.S. system of power generation in the lower 48 states. The major factors that resulted in these changes were the discovery of new natural gas
The International Energy Agency’s (IEA’s) November 2019–released World Energy Outlook 2019 (WEO2019) is studded with interesting findings about emerging trends in the power sector. Here are 10 from the
When needed, surge tanks can provide a critical feature to the hydraulic design of hydropower projects. Principally, they can mitigate the overpressure effects of pressure transients or water hammer and allow
Every one of the 13 decades that POWER magazine has been in print has been definitive for electric generation technology, policy, and business in some significant way, but few have been as transformative as the 2010s. The decade opened just as the global economy began to crawl toward recovery from a historically unprecedented downturn that […]
It’s a time of great transition in the power industry. Not only are generation resources changing, but so are the work skills needed to operate and maintain those resources. Meanwhile, a large number of workers are reaching retirement age, leaving open positions that had long been filled by highly experienced staff. And the talent pool […]
In a new attempt to secure a concrete role for the international hydropower industry within the decarbonization movement, several utilities, equipment manufacturers, universities, research centers, and consultancies have scaffolded to demonstrate how modern hydropower plants can provide flexibility to markets that are increasingly inundated by variable generation like wind and solar. On Dec. 10, the […]
The New York Independent System Operator (NYISO) has proposed incorporating the social cost of carbon into the wholesale price of electricity. According to an October-released study conducted by the consulting firm Analysis Group, “A carbon price in NYISO’s competitive wholesale power markets can help deliver New York’s clean-energy transition in faster, cheaper, more reliable, more […]
The market for renewable energy in Turkey has been growing since the country enacted a “Renewable Energy Law” in 2005. Progress has been steady and has ramped up in recent years after renewable energy
Falling natural gas prices tamped down annual U.S. wholesale power prices over the last decade by $7/MWh to $53/MWh—to a much higher degree compared to the impact of wind and solar growth—a new report from Lawrence Berkeley National Lab (LBNL) suggests. The Nov. 20–published report, The Impact of Wind, Solar, and Other Factors on Wholesale Power […]
