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As coal prices fluctuate and regulations increase, utilities are phasing out dirty coal sources. With renewable energy like solar and wind set to become the fastest-growing sources of electricity generation in

The U.S. Internal Revenue Service (IRS) has granted a one-year extension of the continuity safe harbor, providing much-needed relief for many wind developers, which, crippled by pandemic-related delays, were racing to complete projects before crucial tax incentives expired at the end of this year.  In its May 27–issued Notice 2020-41, the IRS essentially modified prior […]

Fresh off the announcement that the final module for Vogtle Unit 3 was placed at the nuclear expansion project in Georgia, Southern Company said on May 27 that it was setting “a long-term greenhouse gas (GHG) emissions reduction goal of net-zero emissions by 2050.” The announcement was made during Southern Company’s annual stockholders meeting, which […]

In the first installment of POWER’s brand new video interview series, POWER Insights, Kurt Terrani, technical director of the Transformational Challenge Reactor (TCR) program, talks to POWER Senior Associate Editor Sonal Patel about the innovative microreactor program spearheaded by Oak Ridge National Laboratory (ORNL) and project partners, including Idaho National Laboratory, Argonne National Laboratory, and […]

A clean energy valuation and risk analytics company said that low demand for energy during the COVID-19 pandemic, along with low prices for natural gas and strong power generation from renewable energy resources, has brought unprecedented low prices for electricity in multiple U.S. markets.  REsurety said its Renewable Energy Market Analytics Platform (REmap) shows that […]

Distributed control systems (DCSs) and programmable logic controllers (PLCs) have been commonplace in power plants for decades, but the technology has not been stagnant. Today’s systems are beginning to incorporate artificial intelligence (AI) and machine learning (ML) to take plant control to a whole new level. To get an insider’s perspective on how these systems […]

The parent of Siemens Energy on May 26 provided details of the planned spinoff of the company’s energy business, saying 55% of Siemens Energy will be spun off to Siemens’ shareholders. The company said Siemens shareholders would automatically receive one share of Siemens Energy AG for every two shares they own of the parent, Siemens […]

Despite the U.S. and Europe shuttering coal-fired power plants, coal remains a major fuel in global energy systems. In 2018, global coal demand rebounded and grew by 1.4% due to increased consumption in Asia, where coal consumption increased by 2.5%. This increased consumption was mainly from power generation, which reached an all-time high, increasing 3% […]

Wisconsin-based Alliant Energy on May 22 said it would retire the coal-fired Edgewater Generating Station in Sheboygan by year-end 2022, an announcement coming just one week after the utility said it had placed the new 730-MW West Riverside Energy Center, a natural gas-fired combined cycle plant in Beloit, into commercial operation. Alliant, which also has […]

The Texas-based company that owns a coal-fired power plant in Maryland announced it will retire the facility’s three generating units, which have been in operation for about 60 years. GenOn Holdings said Units 1, 2, and 3 at its Dickerson Generating Station will be closed due to “unfavorable economic conditions and increased costs associated with […]