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As a significant final move before the incoming Trump administration takes office, the Biden administration has announced conditional loan commitments totaling $22.92 billion to support projects by eight utility companies across the U.S. The investments will seek to modernize infrastructure, expand clean energy generation, and improve grid reliability, impacting millions of customers, the Department of […]

A Florida-based battery energy storage provider is teaming with Idaho’s largest electric utility for a 200-MW/800-MWh battery energy storage system (BESS) project designed to support grid resiliency. Prevalon Energy, a Mitsubishi Power Americas and EES joint venture, on Jan. 14 announced it had secured a contract with Idaho Power for the project, which will feature […]

PetroVietnam Power (PV Power), a subsidiary of state-owned PetroVietnam, said it has started initial operation of the first of two 812-MW LNG-fired units at its Nhon Trach power plant, located in Dong Nai province, near Ho Chi Minh City in southern Vietnam. The project is part of the first power plant in Vietnam to be […]

Estonia energy company Fermi Energia has begun the site selection process for that country’s first nuclear power plant, more than a decade after government officials initially approved construction of a reactor. Fermi Energia on Jan. 14 announced the company has submitted an application to the Estonian Ministry of Economic Affairs and Communications to begin the […]

A 111-MW solar power facility built on reclaimed land at a former coal mine site in Kentucky has entered commercial operation. The Martin County Solar Project (MCSP), developed, built, owned and operated by Savion—a Shell Group portfolio company—is now among the largest solar farms in the state and also one of the first U.S. solar […]

Global electrical technology company ABB said it has acquired Lumin, a U.S.-based group that provides responsive energy management systems, to expand its home energy management capabilities in the North American residential sector. The acquisition announced Jan. 14 follows a strategic minority investment by ABB into Lumin in 2023. Financial terms of the transaction were not […]

After several years of relatively steady demand, U.S. electricity demand is now surging, driven by various factors, including commercial sector growth, the urgent development or expansion of data centers, and the adoption of new power-hungry artificial intelligence (AI) technologies. As the U.S. Energy Information Administration recently announced, the country’s power consumption will reach record highs […]

During the 2016 U.S. presidential campaign, then-candidate Donald J. Trump took an extremely tough stance on bringing back jobs lost to foreign countries by incentivizing domestic manufacturing. Trump took a hard line against the Clean Power Plan, many times referring to it as a “jobs killer” and an “inflation creator.” Energy independence became a resounding […]

Competitive generation giant Constellation has agreed to acquire Calpine Corp. in a $16.4 billion deal that is set to create the largest producer of clean and reliable energy in the U.S. with an asset portfolio of more than 60 GW. The definitive agreement, announced on Jan. 10, includes a cash and stock transaction valued at […]

GE Vernova and Harbin Electric said a 2-GW natural gas-fired power plant has entered commercial operation in China, providing power to that country’s most-populated province. The companies on Jan. 9 announced the start of operation of the Guangming power plant, owned and operated by Chinese state-owned power utility Shenzhen Energy Group Corp. The plant, located […]