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A consortium comprised of Brookfield Renewable Partners, together with its institutional partners, and Cameco Corp. announced on Oct. 11 an agreement to acquire Westinghouse Electric Co. from Brookfield Business Partners (BBU). The deal has a total enterprise value of about $8 billion, including proceeds from the disposition of a non-core asset expected to be received […]

A new 16-GW hydropower project in China and a 9-GW plant in Indonesia are among several projects being highlighted as part of Global Hydropower Day, being celebrated Oct. 11 as the hydro sector notes the importance of the technology to the world’s power generation. The Baihetan Hydropower Station in China is being developed by Jinsha […]

General Electric (GE) has notified staff that it plans to lay off about 20% of the workforce in its U.S. onshore wind business. A report from NASDAQ this week said the cuts are part of a plan to restructure and resize the onshore wind division, as the group “is grappling with weak demand and rising […]

An energy storage system (ESS) co-located with solar and wind power assets is now online at a research center in the Netherlands. The project, commissioned in a ceremony on Oct. 6, is a 24-MW/48-MWh that includes equipment from the Wärtsilä technology group. The GIGA Buffalo battery installation is at the Wageningen University & Research test […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   October 6, 2022 How Bitcoin Mining Can Help Power Companies Optimize Generation Assets Bitcoin mining is the process used to generate new coins and verify new transactions. The process involves vast, decentralized networks of computers around the world that verify and secure […]

The UK Atomic Energy Authority’s (UKAEA’s) ground-breaking STEP (Spherical Tokamak for Energy Production) prototype fusion energy plant will be built at the site of the West Burton power station, a 1-GW coal-fired plant owned by EDF in North Nottinghamshire, in the East Midlands region of England, the UK government announced on Oct. 6. UKAEA, which carries out […]

There have been historic initiatives within the U.S. to create a sustainable energy economy and to address major environmental concerns created by fossil fuels. The Inflation Reduction Act contains $369 billion in climate and energy provisions, which will have a meaningful impact on climate change. Meanwhile, the Bipartisan Infrastructure Law seeks to remedy environmental issues […]

Mitsubishi Power has declared complete a 2,650-MW natural gas–fired power plant in Chonburi province, Thailand, delivering its four M701JAC power trains to the plant’s joint owners Gulf Energy Development PCL, one of the largest independent power producers (IPPs) in Thailand, and Tokyo-based conglomerate Mitsui & Co., Ltd. The Gulf SRC (GSRC) power plant, located about 130 […]

The Swiss Federal Office of Energy (SFOE) will install 250 MW of temporary reserve power—via eight trailer-mounted GE Gas Power TM2500 mobile aeroderivative gas turbine units—to secure critical power supplies this winter. GE Gas Power said the units, which will be located at GE’s Manufacturing Center in Birr, in the Swiss canton of Aargau, near […]

Bitcoin mining is the process used to generate new coins and verify new transactions. The process involves vast, decentralized networks of computers around the world that verify and secure blockchains, the virtual ledgers that document cryptocurrency transactions. In return for contributing their computing power, miners are rewarded with new coins. The process ultimately requires a […]