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Over the past year, power generators that depend on wholesale electricity markets for the bulk of their revenues endured remarkable pressure stemming from the pandemic, changing company business priorities, and environmentally driven policy shifts. But customer-centric efforts, founded on principles of healthy competition, have helped them persevere, said the Electric Power Supply Association (EPSA).  The […]

Innovation in the design of onshore wind turbines continues, with GE Renewable Energy announcing Dec. 28 that it will supply eight of the company’s 3 MW-137 turbines as part of the Phuoc Minh Wind Farm in Vietnam. Monday’s announcement comes just days after Siemens Gamesa Renewable Energy (SGRE) announced the largest deal ever for its […]

The Electric Power Research Institute (EPRI) was selected by the U.S. Department of Energy (DOE) to lead three advanced energy storage projects. The projects will study innovative, non-battery-based bulk energy storage solutions integrated with fossil assets. “Investing in research and development to improve energy storage is critical at this moment in time,” Neva Espinoza, vice […]

Nuclear power capacity continues to grow worldwide, as larger reactors are added to the grid while smaller units are retired. Furthermore, uprates to some existing reactors have also added to the world’s nuclear power capacity. The International Atomic Energy Agency (IAEA) reports the total net installed capacity is about 393 GW today. Nuclear reactor additions […]

Russia’s state-owned nuclear power company Rosatom has signed an agreement confirming its participation in construction of a small modular nuclear reactor project in the Russian Republic of Sakha. Officials from Sakha—an area also known as Yakutia—on Dec. 23 signed a deal with Rosatom outlining the formation of “electric power tariff principles” for an SMR power […]

The U.S. bulk electric system consists of more than 360,000 miles of transmission lines, including approximately 180,000 miles of high-voltage lines, according to the U.S. Department of Energy. That means power companies have a lot on their plates when it comes to inspecting and maintaining those assets. Furthermore, the stakes are high. As wildfires in […]

Provinces across China are reportedly grappling with crippling power shortages prompted by a surge in power demand from a stunning ramp up in industrial activity, an especially harsh winter, and tight coal supplies, which may be exacerbated by a ban on Australian coal.  Power shortages have been reported in Zhejiang province, an economic powerhouse in […]

The shift from energy consumers to prosumers is fundamentally changing the relationship between utilities and their customers. Behind-the-meter distributed energy resources (DERs) transform the ways households consume, generate, and store power. In the U.S., there are now about 15 million smart thermostats, 2 million solar installations, and 1.5 million electric vehicles (EVs) on the road. And […]

Although provisions in the $900 billion stimulus package agreed to by Congress on Dec. 21 that will extend the solar investment tax credit (ITC) and the wind production tax credit (PTC) received the greatest publicity, lawmakers also authorized about $35 billion for clean energy research and development (R&D) programs focused on solar technology, advanced nuclear […]

Congress agreed on legislation that would extend the investment tax credit (ITC) for solar projects for two years and the production tax credit (PTC) for wind projects for one year. The full legislative package combines a $900 billion COVID-19 relief package and an omnibus spending bill for 2021 with tax extenders and energy policy changes. […]