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PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJM’s capacity market pricing, agreeing to lower the grid operator’s auction price cap from over $500/MW-day to $325/MW-day. The move comes as PJM acknowledges a capacity shortage could affect its system as early as the 2026/2027 delivery year. The agreement announced on Jan. […]

The Solar Energy Industries Association (SEIA) published a white paper outlining the industry group’s vision for U.S. energy storage, setting a target to install 10 million distributed energy storage sites and reach 700 kWh of installed storage capacity the end of the decade. The white paper, released Jan. 28 along with a guide to energy […]

The debate over just how much power will be needed to support the artificial intelligence (AI) industry became heated when a Chinese company said it has a low-cost AI model that could upend the sector’s energy needs. DeepSeek created a global stir after releasing information that said the company’s DeepSeek-V3 required less than $6 million […]

Cisco, a global technology company, and Gridspertise have signed a memorandum of understanding (MoU) to develop and deploy new solutions for the digital innovation in electricity grids. The companies announced the deal on Jan. 28. The MoU is a collaborative framework that leverages both Cisco and Gridspertise’s technological and business expertise. The companies on Tuesday […]

Two much-watched advanced nuclear fuel technology companies—Oklo and Lightbridge—will consider co-locating their commercial metallic fuel fabrication facilities to explore synergies and potentially accelerate innovation across the nuclear supply chain. Under a Jan. 28–announced memorandum of understanding (MOU), the companies plan to conduct a feasibility study that will explore co-locating a Lightbridge Commercial-scale Fuel Fabrication Facility […]

India’s government is pledging billions in financial support for the country’s ambitions around artificial intelligence (AI), and a Mumbai-headquartered energy group has said it plans to build what it calls the “world’s largest” data center in Jamnagar. Reliance Industries, led by Mukesh Ambani, a billionaire and the company’s chairman, already has a partnership with California-based […]

China’s thermal power generation reached a record high in 2024, primarily due to the country’s coal-fired power plants, even as the country continues to add renewable energy resources to its power grid. Data from China’s National Bureau of Statistics showed electricity production from the country’s coal, oil, natural gas, and nuclear power sectors increased 1.5% […]

Analysis of the levelized cost of energy shows how renewables have become more cost-efficient every year. Today, the least-expensive way to meet energy needs is with renewable resources. For industries at risk of power outages or those requiring always-on power, clean energy projects can offer a lifeline. Fundamentally, distributed energy resources (DERs) can give organizations […]

Prominent private equity investment firm Blackstone has agreed to acquire the 774-MW Potomac Energy Center—a natural gas power plant located in Virginia’s “Data Center Alley”—in a deal reportedly valued at approximately $1 billion, according to sources familiar with the matter. Previously known as the Panda Stonewall Energy Facility, the Potomac Energy Center is situated within […]

TerraPower, the nuclear energy company founded by former Microsoft CEO and co-founder Bill Gates, announced it has a memorandum of understanding with a major U.S. data center developer to deploy advanced nuclear reactors to power existing and future facilities. TerraPower on Jan. 21 said it will work with Sabey Data Centers (SDC) on “a strategic […]