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A Canada-based company that wants to commercialize nuclear fusion technology announced Dec. 16 that it raised more than $100 million in its latest round of financing, doubling its financial support. General Fusion, headquartered in Vancouver, British Columbia, is backed by Amazon founder Jeff Bezos. The company, which includes investors Bezos Expeditions and Chrysalix Venture Capital, […]

The European Union (EU) on Dec. 16 announced an agreement among its member states on rules involving the financing of green energy projects. Lawmakers approved a list of technologies and activities that can be classified as green, after disagreement about whether nuclear energy and natural gas should be included. The so-called “Green Deal” is a […]

Terrestrial Energy’s Integral Molten Salt Reactor (IMSR), a 195-MWe Generation IV nuclear technology, and NuScale’s small modular reactor (SMR) may be the focus of the first joint technical review by U.S. and Canadian nuclear regulators in a bid to boost their regulatory effectiveness as more advanced reactors and SMRs trundle toward commercialization.  Rumina Velshi, president […]

NorthWestern Energy said it will file an application with the Montana Public Service Commission for pre-approval to acquire Puget Sound Energy’s (PSE’s) 25% interest in Colstrip Unit 4, which is a 740-MW coal-fired boiler. The price? $1. “Securing more capacity for only a $1 investment is a unique opportunity that helps give us the time […]

In a recent conversation with POWER, GE Digital CEO Pat Byrne discussed why GE made key changes to the lucrative business, streamlining it to focus on four key markets, including electric utilities and power generation.  GE has been at the forefront of the innovation in the energy sector since Thomas Edison formulated the essential requirements […]

Marking a major milestone for the U.S. nuclear power sector, the Nuclear Regulatory Commission (NRC) has for the first time issued license renewals that authorize nuclear reactor operation beyond 60 years and up to 80 years.  The regulatory body on Dec. 5 issued subsequent license renewals (SLRs) for Units 3 and 4 at Florida Power […]

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 […]

Indianapolis Power & Light (IPL) on Dec. 9 announced it will close two of the four coal-fired units at its Petersburg Generating Station in southern Indiana, as the utility continues to move away from coal generation. IPL has been pressured by state political leaders and environmentalists to close the 1,700-MW Petersburg facility, the largest power […]

A group of U.S. lawmakers has asked Canadian Prime Minister Justin Trudeau to reconsider that country’s proposed plan to store its nuclear waste at a site near Lake Huron, northeast of Detroit, Michigan. The site, at Huron-Konloss/South Bruce, in Bruce County, Ontario, is one of two communities chosen by the Nuclear Waste Management Organization (NWMO), […]

Vineyard Wind’s 804-MW Park City project was given the go-ahead by Connecticut officials on Dec. 5, with regulators saying Vineyard’s bid in an offshore wind solicitation was “lower than any other publicly announced offshore wind project in North America.” Vineyard Wind competed against other groups in the bidding, including developers backed by Ørsted and Shell. […]