POWERnews

Unexpectedly steep financial losses suffered by the U.S. renewables market owing to a barrage of extreme weather events over the past summer suggest that project hardening strategies aren’t going far enough, a major renewables insurer is warning. GCube, an international insurer for wind, solar, wave, hydro, and tidal projects around the world in an update […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   October 17, 2022 Carbon Capture Begins at India’s Largest Coal Power Plant India’s largest coal-fired power plant, NTPC’s 4.8-GW Vindhyachal Super Thermal Power Station, has begun capturing carbon dioxide (CO2) from plant flue gas as part of a foundational project to explore… […]

British oil major BP is continuing to diversify its energy portfolio, announcing a deal to acquire a company considered an industry leader in production of renewable natural gas (RNG). BP on Oct. 17 said it was buying Houston, Texas-based Archaea Energy for $3.3 billion in cash, or $26 a share, along with $800 million for […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   October 13, 2022 Nuclear Giant Westinghouse Acquired by Renewable Power Company and Uranium Fuel Supplier 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 […]

Ontario Power Generation (OPG) and Czech Republic-based ČEZ are collaborating to advance deployment of nuclear technology, including small modular reactors (SMRs). The companies said they signed a memorandum of understanding (MOU) on Oct. 11, with an aim to “reduce financial, technical and schedule risk to both parties on their respective future projects.” OPG is Ontario’s […]

China’s State Council has approved two AP1000 nuclear reactor units for State Power Investment Corp.’s (SPIC’s) Lianjiang Nuclear Power Plant in Zhanjiang, Guangdong province, reactor technology supplier Westinghouse said on Oct. 12. If built, the units will become ninth and tenth reactors based on Westinghouse’s Generation III+ advanced reactor technology in China. Four AP1000 units are […]

A new report from a business group that supports development of U.S. offshore wind projects details several factors that it says will contribute to a “historic expansion” of the technology over the next several years. The Business Network for Offshore Wind’s inaugural “Offshore Wind Quarterly Market Report,” released Oct. 13, highlights how recent government actions […]

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 […]

Westinghouse and Ansaldo Energia’s Switzerland-based nuclear arm, Ansaldo Nucleare, will cooperate in developing a nuclear power plant based on lead-cooled fast reactor (LFR) technology. The two companies, which have separately spearheaded the development of fast-reactor designs, said they will advance a common design “to maximize synergies, combine experience in design, testing and licensing, and align […]

Renewable energy giant Siemens Gamesa announced it will cut nearly 3,000 jobs as the company tries to turn around its financial fortunes. The group in a statement on Sept. 29 said, “In order to realize the company’s projections for growth, Siemens Gamesa is working to strengthen specific areas within key leading markets to capitalize on […]

Four large solar power projects, including two that will feature battery energy storage systems (BESS), are moving forward after the closing of financing commitments for the installations. Intersect Power, an Oregon-headquartered development and engineering group for renewable energy, on Sept. 29 announced it has closed $3.1 billion in financing to complete a near-term portfolio of […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   September 29, 2022 NYPA, GE Successfully Pilot Hydrogen Retrofit at Aeroderivative Gas Turbine A pioneering GE aeroderivative gas turbine project to demonstrate hydrogen combustion as part of a retrofit at an existing U.S. natural gas power plant has successfully utilized blends of […]

India’s largest coal-fired power plant, NTPC’s 4.8-GW Vindhyachal Super Thermal Power Station, has begun capturing carbon dioxide (CO2) from plant flue gas as part of a foundational project to explore the conversion of CO2 to methanol.  The carbon capture plant, built by UK-based carbon capture solutions provider Carbon Clean and Green Power International, an engineering, procurement, […]

More than 2.5 million electricity customers in Florida were without power early Sept. 29 as Hurricane Ian wreaked havoc on the state’s power grid and continued to cause damage with high winds and heavy rain, even after being downgraded to a tropical storm early Thursday. The storm, which made landfall in southwest Florida on Wednesday […]

A month after Mitsubishi Heavy Industries (MHI) and Japanese power generator JERA set out to jointly explore developing a 60-MW combined cycle gas turbine (CCGT) plant fueled with 100% ammonia on Singapore’s Jurong Island, MHI announced it is partnering with another Singapore industrial heavyweight to explore the feasibility of an ammonia-fired gas turbine in the […]

Aero-derivative gas turbines are widely used in the power industry. As the name implies, aero-derivative gas turbines evolved from innovations to proven technologies used in airplane jet engines. These gas turbines provide anywhere from 30 MW to 140 MW of efficient, reliable power, and deliver operational savings to energy providers worldwide. According to Harsh Shah, […]

Only about 1% of the 250 million cars, SUVs, and light-duty trucks on American roads are electric vehicles (EVs). But that’s about to change. While it’s difficult to estimate future sales, an analysis by IHS Markit projects that up to 30% of new car sales could be electric by 2030, rising to up to 45% […]

The leader of India’s power sector has said the country is preparing to add as much as 56 GW of coal-fired generation capacity by 2030 in order for the country to meet growing demand for electricity. He also said India must invest in energy storage, in concert with supporting more wind and solar power development, […]

A pioneering GE aeroderivative gas turbine project to demonstrate hydrogen combustion as part of a retrofit at an existing U.S. natural gas power plant has successfully utilized blends of 5% to 44% hydrogen with natural gas—some of the highest volumes of hydrogen blended into a commercially operating gas turbine. The project spearheaded by New York […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   September 26, 2022 Oxford Group: Decarbonizing Energy Would Save $12 Trillion A new study from business and environmental researchers at Oxford University disputes the notion that a strategy to transition global power generation toward renewable energy and away from fossil fuels… Sponsored […]

The Department of Energy (DOE) has initiated community outreach to facilitate consent-based siting, management of spent nuclear fuel (SNF), and interim storage facility siting. The effort, outlined in a series of steps the DOE expects to take in response to a recent request for public input, marks a significant first step toward advancing the agency’s […]