Latest
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Trends
Power and Data Center Sectors Join Forces to Resolve Mounting Electricity Demand Uncertainties
The Electric Power Research Institute (EPRI) has launched an ambitious new initiative alongside power companies, grid operators, and several tech giants to establish five to 10 “flexibility hubs” that will demonstrate how data centers can be leveraged as flexible grid resources starting in the first half of 2025. EPRI’s three-year Data Center Flexible Load Initiative […]
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Nuclear
Major Microreactor Developer Enters Bankruptcy Amid Nuclear Industry Surge
Ultra Safe Nuclear Corp. (USNC), a developer of much-watched microreactor technology and advanced nuclear fuel, has filed for Chapter 11 bankruptcy. The move signals a critical restructuring phase through which the company will seek to secure new ownership while ensuring uninterrupted operations. The company’s Oct. 29 filings at the U.S. Bankruptcy Court for the District […]
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News
DOE Loan Programs Office Publishes Community Benefits Plans for Energy Projects
The U.S. Dept. of Energy’s (DOE’s) Loan Programs Office (LPO) has published Community Benefits Plans (CBPs) for several projects that recently finalized financing from the agency. The projects include the restart of the Palisades nuclear power station in Michigan, which is expected next year. The DOE on Oct. 29 said the CBPs are part of […]
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News and Notes
Dominion Sells 50% Stake in $10B Offshore Wind Project
Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an Oct. 25 financial filing said it received proceeds of $2.6 billion for the sale. The amount represents “reimbursement of approximately 50% of project-to-date capital investment.” […]
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Trends
Microsoft Announces $1 Billion Investment in Ohio Data Centers as Officials Ponder Power Demands
Tech giant Microsoft announced an initial investment of $1 billion to support three new data centers in Licking County, Ohio. The company on Oct. 28 confirmed construction of campuses in New Albany, Heath, and Hebron that will support the company’s Azure cloud computing platform as demand for cloud technology and data storage increases. One Columbus, […]
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Gas
Group Files Plans for Massive Gas-Fired Plant, Data Center Complex in Virginia
A Virginia-based energy company plans to build a natural gas-fired power plant along with multiple data centers on some 2,200 acres in that state, according to documents filed with local planning authorities. Reports say the power plant could have as much as 3,500 MW of generation capacity, which would make it the largest such facility […]
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Partner Content
Gas Turbine Compressor Rotor Blade Re-staking in the UK
Sponsored by:When an overseas steam-side client asks you back to manage a gas turbine project, that confirms confidence in your project leadership, full-scope knowledge, and technical depth. Mechanical Dynamics & Analysis (MD&A) is a GE® 9FA turbine full-service provider. MD&A was contracted to manage and apply their hands-on skills to disassemble, inspect, re-stake, and reassemble a […]
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Nuclear
Bill Gates’ Energy Group, Former Google CEO Investing in Pacific Fusion Startup
A fusion energy company that counts executives such as Eric Schmidt and Bill Gates among its backers has emerged from stealth, announcing $900 million in pledged funding. Pacific Fusion, whose technology builds on recent fusion advances at two U.S. national labs, is the latest U.S.-based group to join a growing list of companies working on […]
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Commentary
Advancing Carbon Capture: Supreme Court Ruling and Innovative Solutions for Reducing Emissions
As global efforts intensify to mitigate climate change, carbon capture has emerged as a vital technology to curb greenhouse gas emissions. Power generation, a major source of global carbon dioxide (CO2) emissions, is under increasing pressure to adopt technologies that reduce its carbon footprint. As highlighted by recent rulings and federal initiatives, the focus on […]
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Commentary
Finding Equilibrium Between Growth and Decarbonization
With the global population expected to reach approximately nine to 10 billion by 2050, and one billion people still without energy access, our energy requirements are not only growing but also evolving. Each equinox reminds us of the essential balance we need to strive for in achieving net zero by 2050. COMMENTARY Crucially, the need […]