POWERnews
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News
Fund Manager to Banks: Stop Financing Coal Plants
A UK-based hedge fund billionaire is urging large central banks to end their funding of coal-fired power plant projects. Chris Hohn, founder of TCI Fund Management and a champion of causes to combat climate change, expressed his concerns in letters published March 1 to the Bank of England, the European Central Bank, Barclays, HSBC, and […]
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News
Long-time GE CEO Jack Welch Dies at 84
Jack Welch, the chief executive of General Electric (GE) during a period of great prosperity for the company, and considered one of America’s most influential CEOs, died March 1 at his home in Salem, Massachusetts. He was 84. His wife, Suzy Welch, on Monday said the cause of death was renal failure. In a statement […]
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T&D
Are Traditional Power Companies Being Disintermediated?
How will the electric grid change as the world transitions to a power system with more renewable energy resources? Some experts foresee a shift from today’s grid-type architecture to a system of systems—from the current centralized design to a distributed energy scheme. While it’s hard to know exactly what the future holds, it’s commonly believed […]
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POWERnews—Feb. 27, 2020
February 27, 2020 How Much Will Hydrogen-Based Power Cost? Costs associated with 40 hydrogen technologies used in 35 applications, including for heat and power, could tumble dramatically over the next decade as the scale-up of hydrogen production, distribution, and… Read More The Year Wind Surpassed Hydro as the Top Renewable in the U.S. Annual wind […]
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Hydrogen
How Much Will Hydrogen-Based Power Cost?
Costs associated with 40 hydrogen technologies used in 35 applications, including for heat and power, could tumble dramatically over the next decade as the scale-up of hydrogen production, distribution, and equipment and component manufacturing continues. For some applications, hydrogen could become competitive with other low-carbon alternatives, and even conventional options. Those are key findings from […]
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Wind
The Year Wind Surpassed Hydro as the Top Renewable in the U.S.
Annual wind power generation exceeded hydroelectric generation for the first time in 2019, according to data published by the U.S. Energy Information Administration (EIA) on Feb. 26, making wind the top-producing renewable source of electricity in the country, a position long held by hydro. The EIA’s Electric Power Monthly with Data for December 2019 report […]
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Connected Plant
15 Digitalization Game Changers in Power, Chemical Processing
Each year, the Connected Plant Conference, presented by POWER and Chemical Engineering, recognizes people who are in the front line of implementing digital technologies in the power and chemical process industries. This year, we congratulate the following winners of the “Game Changer” awards, who will be honored at the Connected Plant Conference in Atlanta, Georgia, […]
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Energy Storage
Energy Storage—A Trillion-Dollar Holy Grail
The science of renewable energy is remarkable—the ability to harness nature to magically power our modern world is a seductive vision. And yet, the actual business of renewable energy is late to establish itself as a viable competitor to the petrochemical industry. The problem is rooted in cost parity and the challenges of production, storage, […]
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News
Tech Guru’s Plan—Fight Climate Change with Nuclear Power
There’s widespread debate over whether nuclear power should be a player in the path toward addressing climate change. Industry analysts say nuclear is key to zero-emission power generation; even some environmentalists agree, though others point to the issue of disposal of nuclear waste, and concerns about the safety of reactors. Those concerns have led some […]
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News
Research Group: Energy Storage Market Will Hit $546 Billion by 2035
A new report from a global research, data, and analytics firm says the total market for energy storage will reach $546 billion in annual revenue over the next 15 years, led by the continued electrification of the transportation sector. Lux Research, a Boston, Massachusetts-headquartered group, in its “Global Energy Storage Market 2019” report, estimates the […]
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News
The POWER Interview: Vicinity CEO Discusses District Energy
The rise of distributed, or decentralized, power generation has been supported by district energy, the generation from facilities and associated distribution networks supplying steam or hot water, chilled water, and electricity for heating and cooling to millions of square feet of building space across the U.S. and around the globe. District energy is among several […]
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News
TECO Announces $800-Million Investment in New Solar
Tampa Electric Co. (TECO) on Feb. 19 said it plans to invest about $800 million to add another 600 MW of solar power generation capacity by year-end 2023. TECO on Wednesday said the expansion will increase its solar portfolio to more than 1.25 GW of solar generation, or about 14% of its total generation mix. […]
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POWERnews—Feb. 20, 2020
February 20, 2020 Exclusive: Why Oklo’s Demonstration of HALEU Could Be Groundbreaking for New Nuclear In an exclusive interview, executives from Silicon Valley–based Oklo, a company Idaho National Laboratory (INL) chose this week to demonstrate the first-of-its-kind use of recycled high-assay, low-enriched uranium (HALEU) fuel… Read More UAE’s First Reactor Gets Go-Ahead The United Arab […]
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Energy Storage
Researchers Make Progress on Several Power Projects
Researchers at a few prominent universities have published findings on recent power-related projects. At Cranfield University in the UK, hydrogen production technology is advancing with an eye on cost and carbon reductions; researchers at the University of Michigan released best practices for extending lithium-ion battery life; and a Massachusetts Institute of Technology (MIT) study found […]
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Nuclear
Exclusive: Why Oklo’s Demonstration of HALEU Could Be Groundbreaking for New Nuclear
In an exclusive interview, executives from Silicon Valley–based Oklo, a company Idaho National Laboratory (INL) chose this week to demonstrate the first-of-its-kind use of recycled high-assay, low-enriched uranium (HALEU) fuel in its full-size Aurora micro-reactor, told POWER that the project could have broad implications for the future of nuclear power. Marking a significant boost for […]
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Nuclear
France Announces Fessenheim Nuclear Power Plant Closure
France, which has long relied on reactors to supply the bulk of the country’s electricity, on Feb. 19 announced the imminent closure of the Fessenheim nuclear plant, located on the country’s border with Germany. One of the plant’s two 920-MW pressurized water reactors will shut down within days, with the second taken offline by the […]
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News
UAE’s First Reactor Gets Go-Ahead
The United Arab Emirates (UAE) is set to begin commercial operation of the Middle East’s first nuclear power plant, after the country’s regulatory agency on Feb. 17 gave its approval for the start-up of the first reactor at the Barakah site. The plant can now begin loading fuel, and Unit 1 is expected to come […]
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Nuclear
Oklo Microreactor Is INL’s Pick for First-of-a Kind HALEU-Fueled Nuclear Demonstration
Oklo, developer of a 1.5-MW passive compact fast reactor, will be the first to receive high-assay, low-enriched uranium (HALEU) nuclear fuel from Idaho National Laboratory (INL) to aid a first-of-its-kind demonstration of its Aurora microreactor, which could begin in 2024. Marking a significant boost for advanced nuclear innovation, which industry experts are banking on to […]
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Fuel
ITC Probing Economic Impact of Renewable Goals, Imports to New England
Responding to a request from a Democrat-led U.S. House committee, the federal International Trade Commission (ITC) is investigating how New England’s increasing renewable targets are economically affecting the region, and what role renewable imports play in meeting those commitments. The ITC, an independent, nonpartisan and quasi-judicial federal agency that also provides fact-finding as it relates […]
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News
Vestas, Siemens Gamesa, GE Top Wind Turbine Growth
An energy and finance research group on Feb. 18 said Siemens Gamesa Renewable Energy’s (SGRE’s) offshore wind installations make it far and away the market leader in that category, while Danish wind turbine manufacturer Vestas continues to lead the onshore and overall wind turbine market. The report published Tuesday from BloombergNEF (BNEF) said Vestas took […]
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POWERnews—Feb. 13, 2020
February 13, 2020 Nuclear a Major Focus in Trump's Latest Budget Request—and 8 Other Takeaways Yucca Mountain, the 1987 Congressionally appointed deep geologic repository for spent nuclear fuel (SNF), may be officially dead; transmission assets held by the Tennessee Valley Authority (TVA) and three Power… Read More Dominion Latest to Set Net-Zero Carbon Goal Richmond, […]
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Fuel
Engineering Group: American Gas Turbines Will Remain Relevant But Need Advancement
Given current trends, the U.S. gas turbine industry is set to play a critically important role in power generation, aircraft propulsion, and the oil and gas industry “for decades to come,” but it could benefit from prioritized research and development (R&D) and technological leadership, a new report from the National Academies of Sciences, Engineering, and […]
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Climate change
Dominion Latest to Set Net-Zero Carbon Goal
Richmond, Virginia-based Dominion Energy has joined a growing list of power companies establishing net-zero emissions targets. The company, which has more than 7 million electricity and natural gas customers in 18 states, said it intends to reach its carbon dioxide and methane reduction goals by 2050. Under the net-zero framework, the company is committing to […]
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Workforce
Why Do People Choose Careers in Engineering?
Do you want to solve important problems, contribute to society, and help people? Well, then, you may want to become an engineer. At least that’s why some successful engineers have said they entered and persist in the occupation, according to a recent study published by DiscoverE, an engineering outreach organization based in Alexandria, Virginia. The […]
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IIOT
Nuclear a Major Focus in Trump’s Latest Budget Request—and 8 Other Takeaways
Yucca Mountain, the 1987 Congressionally appointed deep geologic repository for spent nuclear fuel (SNF), may be officially dead; transmission assets held by the Tennessee Valley Authority (TVA) and three Power Marketing Administrations (PMAs) will be put up for sale; and hundreds of millions of dollars in unobligated balances for flagship programs like the Advanced Research […]
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IIOT
The POWER Interview: Exelon Discusses Digitalization
Digitization in the power generation sector continues to expand. Its goal in simple terms—providing easy access to data for power plant operators and engineers, enabling the use of advanced analytics to improve equipment performance and efficiency—has resulted in reduced operating costs for utilities, and also has enhanced plant safety. POWER’s upcoming Connected Plant Conference, set […]
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News
DOE Announces Additional $64 Million for Clean Coal Projects
The U.S. Department of Energy (DOE) has earmarked $64 million in additional funding for research and development of smaller, more efficient, and cleaner coal plants. Energy Secretary Dan Brouillette on Feb. 7 announced the money would be part of the DOE’s “Coal FIRST Initiative,” telling the audience at an Atlantic Council meeting Friday in Washington, […]
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POWERnews—Feb. 6, 2020
February 6, 2020 Cybersecurity Experts Warn of New ‘Hardened’ ICS-Specific Ransomware Variant A primitive but unique ransomware variant that emerged in mid-December can forcibly stop a number of processes, including multiple items related to industrial control system (ICS) operations, industrial cybersecurity firm… Read More After Long History, Paradise Coal Plant Ceases Operation The generator breaker […]
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Nuclear
POWER Notebook: A Week of Trials and Triumphs for Nuclear
The past week saw interesting developments worldwide for nuclear new builds, small modular reactors (SMRs), and advanced nuclear fuel. Highlighted here: A third U.S. utility will use Framatome’s ATRIUM 11 fuel design; Barakah 1 in the United Arab Emirates is on the cusp of startup; South Africa’s Eskom said it wants to dispose of PBMR […]
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Coal
After Long History, Paradise Coal Plant Ceases Operation
The generator breaker for Tennessee Valley Authority’s (TVA’s) Paradise Unit 3 was opened on Feb. 1, removing the coal-fired power plant from service for the final time after 50 years of operation. Notably, TVA retiree Jim Chappell performed the task. Chappell was the electrical control wing operator who originally placed Unit 3 in service. The […]