Power

A report from a group that looks at economic conditions in the Appalachia region of the U.S. says a hydrogen hub proposed for the area already faces significant challenges. The Ohio River Valley Institute in a research brief published this month said five of the 15 originally proposed projects in the hub have been canceled, […]

The Bureau of Land Management (BLM) has given the go-ahead for a major geothermal energy project in Utah. The agency announced final approval for Fervo Energy’s Cape Geothermal Power Project in Beaver County, which the BLM said would use advanced geothermal technology to produce up to 2 GW of electricity. The BLM, part of the […]

The European Commission, the executive arm of the European Union (EU), has said countries across the continent should be encouraged to deploy energy storage. The group has said storage will support the integration of renewable energy resources to the grid, and increase power system flexibility. The use of energy storage also is key to Europe’s […]

The U.S. Department of Energy (DOE) has awarded contracts with a total potential value of $8 million to four nuclear fuel companies to further U.S. enrichment capabilities for high-assay, low-enriched uranium (HALEU), a critical piece of the next-generation nuclear supply chain. The selected companies include Centrus Energy’s American Centrifuge Operating, URENCO’s Louisiana Energy Services, Orano […]

Energy and utilities companies are grappling with unprecedented challenges. With the cost of electricity surging by 28.5% in just five years, the average American now spends nearly $300 a month on utilities, leading to a rise in customer defaults and mounting bad debt. Global energy demand is only set to grow in the coming years […]

The power generation sector is looking at numerous ways to provide enough electricity to satisfy demand from data centers. Bloomberg Intelligence recently said its research shows data centers, buildings filled with servers and other computing equipment for data storage and networking that supports operations and artificial intelligence (AI), could be responsible for as much as […]

Japan’s Sumitomo Corp and Perennial Power Holdings Inc., a subsidiary of Sumitomo Corp. of Americas, have set up a joint venture with Virginia-based CEP Solar LLC to deliver renewable energy projects across Virginia. The companies said the JV will provide support for the state’s energy supply, in part to help with power demand from Virginia’s […]

The Bonneville Power Administration (BPA) has identified 13 new transmission substation and line projects designed to reinforce the Pacific Northwest’s electric grid. If constructed, these projects would accommodate regional load growth and enable the BPA to add thousands of megawatts of new wind and solar generation, and battery storage to the federal grid. Combined, the […]

Dennis Wamsted and Seth Feaster at the Institute for Energy Economics and Financial Analysis recently wrote a commentary looking at Energy Capital Partners’ (ECP) deal to take over ownership of the General James M. Gavin coal-fired power plant in Ohio. The 2,709-MW Gavin plant is ranked as the fifth-largest carbon dioxide-emitting power plant in the […]

In a deal that marks the first corporate agreement to deploy multiple small modular reactors (SMRs) in the U.S., Kairos Power and Google have signed a Master Plant Development Agreement to facilitate the development of a 500-MW fleet of molten salt nuclear reactors by 2035 to power Google’s data centers. The first reactor is expected […]