DOE
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Nuclear
NRC Deems Nuclear Waste Storage at Yucca Mountain Safe
The stalled Yucca Mountain permanent nuclear waste repository will meet regulatory requirements when permanently closed, the Nuclear Regulatory Commission (NRC) has found in a long-awaited safety evaluation report (SER). The federal regulatory body on Oct. 16 issued Volume 3 of the five-part SER on the underground geologic nuclear waste repository proposed to be built in […]
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Nuclear
DOE Prepares to Offer $12.6B in New Nuclear Loan Guarantees
The Department of Energy (DOE) on Tuesday issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for new nuclear projects. The agency identified four technology areas of interest in the draft solicitation: advanced nuclear reactors, small modular reactors, upgrades and uprates at existing facilities, and front-end nuclear projects. The draft solicitation […]
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Legal & Regulatory
Congressional Watchdog Foresees Greater Coal Retirements, Fewer Retrofits Through 2025
Power companies will retire more coal-fired generating capacity and retrofit much fewer units with environmental controls than estimated just two years ago, the Government Accountability Office (GAO) reveals in a new report. The report released on Tuesday finds that in response to shifting market conditions and four Environmental Protection Agency (EPA) rules (not including the […]
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Nuclear
DOE Awards $67M to Nuclear Research Projects Nationwide
The Department of Energy (DOE) will tag $67 million of federal funds for 83 nuclear energy projects across the country in an effort to boost scientific breakthroughs. The agency said the awards announced on Aug. 20 would help provide “crucial funding” for research and development as well as for training and education of the country’s […]
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Legal & Regulatory
Construction Begins on World’s Largest Carbon Capture Retrofit
The Department of Energy (DOE), NRG Energy Inc., and JX Nippon Oil & Gas Exploration Corp. announced on July 15 that construction has begun on the first commercial-scale post-combustion carbon capture retrofit project on an existing coal-fired power plant in the U.S. The Petra Nova Carbon Capture Project is expected to capture 90% of the […]
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Renewables
DOE Issues $4B Renewables Loan Guarantee Solicitation, Cuts Application Fees for Fossil Energy Program
Over the past week, the Department of Energy (DOE) made available $4 billion in additional loan guarantees for U.S. renewable energy and energy efficiency projects as it slashed application fees by more than a third for its $8 billion Advanced Fossil Energy Projects Loan Guarantee Solicitation. The agency on July 3 issued a loan solicitation to […]
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Wind
DOE Takes Steps to Offer Cape Wind $150M Loan Guarantee
The much-delayed Cape Wind offshore wind project could be the latest recipient of a federal loan guarantee from the Department of Energy (DOE). The agency on Tuesday announced the first step toward issuing a $150 million loan guarantee with a conditional commitment to Cape Wind Associates. The guarantee will support construction of the 360-MW offshore […]
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Renewables
The EEI’s Campaign for Electric Utility Industry Supremacy
At the Edison Electric Institute (EEI) annual meeting this week in Las Vegas, the tone was one of collaboration with partners from Washington to distributed generation companies. Those partnerships will be needed as the investor-owned utility (IOU) industry fights not so much a war on coal as a war for mindshare and wallet share in […]
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Finance
Witnesses: DOE’s Loan Programs Need Better Monitoring
The Department of Energy’s (DOE’s) loan programs have made more than $30 billion in loans and loan guarantees, but it has not fully developed or consistently stuck to loan monitoring policies, an official from the Government Accountability Office testified before a House subcommittee on May 30. Congress authorized the Loan Guarantee Program (LGP) in 2005 […]
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Nuclear
NuScale, DOE Complete Agreement for $217M SMR Development Funds
[Corrected (May 30): See note below] A cooperative agreement finalized by NuScale Power and the Department of Energy (DOE) on Wednesday means the small modular reactor (SMR) developer will receive up to $217 million in matching funds over a five-year-period to perform engineering and testing necessary for design certification. Last December, the Portland, Ore.–based company […]