POWERnews

Utility executives cite regulation, the environment, technology, finance, and end users as the five most critical issues facing the energy industry today, a newly released study by Platts and Capgemini finds.

GE on Tuesday invited technologists, entrepreneurs, and start-ups all over the world to enter a $200 million challenge that seeks ideas to create a smarter and cleaner power grid while also accelerating the adoption of more efficient grid technologies.

The U.S. Department of Energy (DOE) and the Department of the Interior (DOI) signed a Memorandum of Understanding (MOU) last week that will strengthen the working relationship between the two agencies regarding future development of commercial renewable offshore energy projects on the U.S. Outer Continental Shelf.

The DOE today announced it would fund 10 projects aimed at developing advanced technologies for capturing carbon dioxide (CO₂) from coal combustion. The projects, valued at up to $67 million over three years, focus on reducing the energy and efficiency penalties associated with applying currently available carbon capture and storage (CCS) technologies to existing and new power plants.

A study released last week by the nonprofit American Council for an Energy-Efficient Economy (ACEEE) concludes that smart metering initiatives alone are not enough to save energy.

The U.S. Environmental Protection Agency (EPA) proposed regulations on Tuesday to tackle power plant pollution that drifts across the borders of 31 eastern states and the District of Columbia. Replacing the Bush-era Clean Air Interstate Rule (CAIR), the proposed “transport” rule seeks to reduce power plant emissions of sulfur dioxide (SO2) and nitrogen oxides (NOx) to meet state-by-state emission reductions.

Six Japanese companies established a joint venture on Tuesday to propose new nuclear projects abroad. The companies are Tokyo Electric Power Co. (TEPCO), Chubu Electric, Kansai Electric, Toshiba, Hitachi, and Mitsubishi Heavy Industries (MHI).

The Department of Energy (DOE) last week offered a $1.45 billion conditional loan guarantee to Spain’s Abengoa to finance the construction and start-up of a concentrating solar power (CSP) generating facility in Solana, Ariz. The facility, which Abengoa claims will be the “largest CSP plant in the world,” will use the first six-hour thermal energy storage system in the U.S.

The DOE awarded a $400 million conditional loan guarantee to Abound Solar Manufacturing for the assembly of thin-film, cadmium-telluride solar modules. The project will allow the manufacturing technology to be commercially deployed for the first time ever.

A three-judge panel at the Nuclear Regulatory Commission (NRC) on Tuesday unanimously denied a motion by the U.S Department of Energy to withdraw its 17-volume, 8,600-page license application to build a nuclear waste repository at Yucca Mountain, Nev. The withdrawal is illegal because it supersedes the Energy Department’s authority under the Nuclear Waste Policy Act (NWPA) of 1982, the judges said.