POWERnews

Investors are continuing to pour money into community solar projects, with groups on July 31 announcing nearly $75 million in funding for multiple installations. Renewable Properties, which develops and invests in small-scale utility and community solar installations, on July 31 said it has closed its Fund 9 portfolio. The company said the $53.5 million portfolio […]

Although the utility industry is the backbone of any economy, it lags in adopting the latest technologies. This is evidenced by the fact that utilities are underperforming in customer satisfaction and retention and are struggling with high operating costs. However, the emergence of new competitors and local threats is forcing utilities to align their priorities […]

Georgia Power declared Plant Vogtle Unit 3 commercially operational on July 31, 2023, making it the first “newly constructed” nuclear power unit to be added to the U.S. fleet in decades. “Today is a historic day for the State of Georgia, Southern Company, and the entire energy sector, as we continue transforming the way we […]

Electric utilities are looking to green hydrogen as a tool to help alleviate over-congested grids and renewable energy curtailment. But what makes hydrogen “green?” The U.S. Internal Revenue Service (IRS) will soon issue its much-anticipated guidance on what qualifies for the new green hydrogen tax credits in the Inflation Reduction Act (IRA) passed last year. The […]

An astonishing surge of heat across the globe shattered temperature records and marked three days of July 2023 as likely the hottest in Earth’s modern history. When temperatures rise dramatically, data centers also struggle to keep their servers cool. As the effects of climate change become more pronounced, energy market volatility is expected to persist. […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   July 27, 2023 Hydrogen Offers a ‘Multi-Billion-Dollar Opportunity’ This Decade for Innovative Companies Hydrogen demand throughout the world reached 94 million metric tons in 2021, according to the International Energy Agency’s (IEA’s) Global Hydrogen Review 2022, an annual report issued by the […]

Hydrogen demand throughout the world reached 94 million metric tons in 2021, according to the International Energy Agency’s (IEA’s) Global Hydrogen Review 2022, an annual report issued by the IEA in late September last year. Demand for new applications grew to about 40,000 metric tons (up 60% from 2020, albeit from a low base). Notably, […]

A number of companies in the power industry revealed new projects and other interesting developments this week. The following are some the more noteworthy announcements that POWER has been monitoring. BWXT to Provide Nuclear Reactor Engine and Fuel for DARPA Space Project BWX Technologies Inc. (BWXT) announced on July 26 that its reactor and fuel […]

A group that includes Rivian, the California-based electric vehicle manufacturer, said it will turn the site of a former coal mine in Kentucky into that state’s largest solar farm. The Starfire Mine, located in Breathitt, Knott, and Perry counties in Kentucky, for years operated as one of the largest coal mines in Appalachia, producing as […]

Framatome, the France-based nuclear power company, said its Enhanced Accident Tolerant Fuel (EATF) assembly reached a milestone, with the group on July 25 announcing the EATF successfully completed its first cycle of operation at a U.S. nuclear power plant. The assembly was installed at Unit 2 of the Calvert Cliffs plant in Maryland during a […]