business

Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an Oct. 25 financial filing said it received proceeds of $2.6 billion for the sale. The amount represents “reimbursement of approximately 50% of project-to-date capital investment.” […]

Energy services businesses are poised to benefit from an unprecedented amount of government support for energy infrastructure. However, choppy waters lie ahead as business models and market conditions evolve

South African state-owned utility Eskom has garnered the National Nuclear Regulator’s (NNR’s) approval to continue operating Unit 1 of the 1,860-MW Koeberg Nuclear Power Station for another 20 years, until July 21, 2044. The nuclear regulator’s approval effectively extends the lifetime of the 930-MW unit to 60 years. The unit’s current 40-year license was set […]

The U.S. Senate on April 30 passed—by unanimous consent—a bill to ban imports of unirradiated low-enriched uranium (LEU) produced in Russia. The bill now heads to the president’s desk for signature into law. The Senate passed the Prohibiting Russian Uranium Imports Act (H.R. 1042), which the House of Representatives passed (also by unanimous consent) by […]

Cheese Merchants uses close collaboration with Charles Equipment to power its mission to deliver fresh, premium cheese products to vendors across the U.S. Volvo Penta’s D16 engine serves as a key ingredient for standby power systems designed to drive quality and customer service. Cheese Merchants has come a long way since Pasquale Greco founded the […]

In 2002, the government of Saudi Arabia moved to step up the private sector’s role in the kingdom’s economy by opening the production of power and desalinated water. Saudi firms Abunayyan Trading Co., Abdulkadir Al Muhaidib & Sons Co., and MADA Group for Industrial and Commercial Development sensed a tremendous opportunity, forming ACWA Power Projects […]

Marking the completion of its spin-off from GE, GE Vernova began trading on the New York Stock Exchange on April 2 as an independent company “singularly focused” on accelerating the energy transition. The measure, approved by GE’s Board on Feb. 29, effectively establishes GE Vernova as a giant purpose-built firm that will leverage its technology […]

The Midcontinent Independent System Operator (MISO) is warning reliability challenges have grown urgent as the nation’s power system grapples with a “hyper-complex risk environment.”  The grid operator that serves 15 U.S. states and the Canadian province of Manitoba, in its updated Reliability Imperative report released on Feb. 22, flagged several critical challenges that the region […]

EnergyAustralia has begun operations at the 320-MW Tallawarra B gas-fired power station in New South Wales (NSW)—Australia’s first peaking power plant capable of operating on a natural gas and hydrogen fuel blend. The project’s start on Feb. 19 also marks GE Vernova’s first deployment of a hydrogen-capable dual-fuel 9F gas turbine. The $300 million ($196 […]

Westinghouse has revealed it is designing a transportable nuclear power plant (TNPP) featuring an eVinci microreactor with Canadian firm Prodigy Clean Energy, aiming to deliver a first project in Canada by 2030. The project will potentially integrate a single or multiple 5-MWe eVinci microreactors within a Prodigy Microreactor Power Station—a purpose-designed floating facility that will […]