economics

The Trump administration during both its terms has prioritized its efforts on reviving the coal industry by introducing a series of policy changes and executive actions intended to boost coal leasing and production on federal lands. Yet, despite these political moves, coal’s trajectory in the U.S. energy market has followed a different path.

A massive surge in energy demand is about to reshape the U.S. power landscape, presenting an opportunity for forward-thinking utilities. The nation’s energy demands are poised to explode, as everything from the enormous data centers powering the artificial intelligence (AI) boom to broad electrification efforts increase the need for electricity.

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 […]

Nuclear energy has long been a topic of debate due to concerns about its environmental impact and the disposal of nuclear waste. However, a paradigm shift is underway that could revolutionize how we view nuclear waste. Not only could recycling nuclear fissile waste reduce the waste generated by current nuclear power plants, but it also […]

PJM has urged Talen Energy to delay its deactivation of two of four units at the 840-MW coal, oil, and gas–fired Herbert A. Wagner Generating Station in Maryland until transmission upgrades are put into service around 2028. The nation’s largest regional transmission organization (RTO) on Jan. 10 said it informed Talen that the deactivation of […]

Constellation Energy will use a portion of newly announced federal funding for the Midwest Hydrogen Hub (MachH2) to build “the world’s largest nuclear-powered clean hydrogen facility” at its 2.3-GW LaSalle Clean Energy Center in Illinois. The company on Oct. 16 said it plans to leverage a $1 billion award announced by the Department of Energy (DOE) last […]

India has begun commercial operation of its first domestically designed 700-MWe pressurized heavy water reactor (PHWR) at the Kakrapar nuclear power plant in Gujarat, state-owned Nuclear Power Corp. of India Ltd. (NPCIL) reported on Aug. 30. Commercial operation of  Unit 3 at Kakrapar Atomic Power Project, which is located near the city of Vyara in the […]

Few power-generating resources present the combination of workhouse abilities that combined heat and power (CHP) does. But, powered predominantly by fossil fuels, will CHP find its unique footing within the

As of December 2022, the Department of Energy (DOE) CHP Installation Database recorded 4,674 combined heat and power (CHP) installations in the U.S., with a combined capacity of 80.4 GW. Installations were all sizes, from large industrial systems that are hundreds of megawatts to small commercial microturbine and fuel cell systems that are tens of […]

The Department of Energy’s (DOE’s) first round of funding from its $6 billion Civil Nuclear Credit (CNC) Program is poised to go to Diablo Canyon Power Plant, California’s only operational nuclear plant. Pacific Gas & Electric  (PG&E), Diablo Canyon’s owner, could receive up to $1.1 billion in credits to extend the 2.2-GW plant’s operation for […]

When environmental advocates implore less-wealthy countries to cease oil or gas investment and production because it is the cause of climate change, they are often branded as naive and ridiculous. Do we really

There’s a lot going on in the energy world right now. The United Nations Climate Change Conference (COP26) is happening in Glasgow, Scotland. Congress recently passed major new energy legislation in the Infrastructure Investment and Jobs Act. And as consumers soon will find out if they don’t already know: much higher energy costs and heating bills are […]

There are a handful of reasons why coal-fired power plant managers may want to blend fuel, but often the driving factor is economics. While the cost of the delivered coal is an important aspect, there could be

Soon after COVID-19 first broke into the public consciousness in early 2020, panic filled the streets. I’ll be honest, I was nervous. The U.S. stock market plummeted roughly 35% over the course of about a

Researchers at Lawrence Berkeley National Laboratory (LBNL) have found that a combination of lower capital, operating, and finance costs, in addition to better equipment performance, and longer useful lives, have driven power purchase agreement (PPA) prices and the levelized cost of energy (LCOE) for utility-scale wind and solar projects to all-time lows. The findings were […]

By 2025, the economics of low-carbon generation technologies are poised to disrupt conventional fossil fuel generation so dramatically, onshore wind could have the lowest levelized costs of electricity (LCOE) on average, and nuclear power could emerge as the dispatchable low-carbon technology with the lowest expected costs.  Those are key findings in the Dec. 9-issued 2020 […]

More developers are adding energy storage to their power generation plans as they recognize how the technology improves a project’s economics. Solar and wind power project developers are recognizing the

Coal burn in the power sector has fallen off a cliff. Demand peaked at 1.045 billion tons in 2007. The U.S. Energy Information Administration (EIA) estimates consumption in 2020 will be 377 million tons, a drop of 64% in little more than a decade. The EIA is forecasting a modest rebound in 2021 (to 462 […]

Four U.S. nuclear generators—Energy Harbor, Xcel Energy, Exelon, and Arizona Public Service (APS)—are making headway on projects to demonstrate hydrogen production at nuclear plants, but scaling those efforts up to net new end-users and sources of revenue is still ridden with hurdles, company officials said in a panel discussion at the American Nuclear Society’s (ANS’s) […]

In the first installment of POWER’s brand new video interview series, POWER Insights, Kurt Terrani, technical director of the Transformational Challenge Reactor (TCR) program, talks to POWER Senior Associate Editor Sonal Patel about the innovative microreactor program spearheaded by Oak Ridge National Laboratory (ORNL) and project partners, including Idaho National Laboratory, Argonne National Laboratory, and […]

The past 10 years have been filled with trials and tribulations for both the nuclear and coal power industries. From accidents to plant closures there has been little to cheer about. Still, nuclear and coal power continue to provide reliable baseload generation to billions of customers around the globe. Here’s a look back at the […]

A new report from a group that studies the impact of climate change on financial markets recommends that European Union (EU) governments move to phase out coal-fired power generation completely by 2030 in order to avoid even-greater economic damage. Carbon Tracker, a London, UK-based group supported by foundations in Europe and the U.S., on Oct. 24 […]

COMMENTARY At this point, one thing should be abundantly clear about the Trump administration’s theme on energy policy: the president will do whatever it takes to prop up coal, even if the market and the public choose otherwise. The Trump administration’s latest pro-coal gambit is the Environmental Protection Agency’s (EPA’s) so-called Affordable Clean Energy rule, […]

Fast neutron reactor systems have the potential to extract 60 times more energy from uranium compared to existing thermal reactors, and they contribute to a significant reduction in the burden of radioactive

To propel interest and bolster development of advanced nuclear reactor designs, the Department of Energy (DOE) will demonstrate—by October 2020—the production of high assay low enriched uranium (HALEU) fuel in a first-of-its-kind $115 million project at the agency’s uranium enrichment facility in Piketon, Ohio.  HALEU is nuclear fuel that is enriched to a higher degree […]

Operators of the Columbia Generating Station have set a new generation record at the nuclear plant 12 miles north of Richland, Wash., sending more than 9.7 million MWh to the Pacific Northwest power grid during 2018.  The single 1,207-MW single GE-built Mark-2 boiling water reactor that is owned and operated by Energy Northwest—which comprises 26 […]

Baby boomers are retiring, unemployment is low, skilled craft workers are in short supply, and human resources in the workforce are a growing issue for power industry management. “Demography is destiny.”

The Netherlands, a country that recently commissioned three state-of-the-art coal plants and has been reluctant to close them, on October 10 moved to phase out coal power by 2030. Meanwhile, the UK and Canada this week jointly urged other nations to drop coal from their power profiles. The countries are part of a growing list […]

A week after the Department of Energy (DOE) proposed a rule to bolster uneconomic coal and nuclear generators in competitive power markets, Luminant announced that an “unprecedented low power price environment” will force it to retire a 1.9-GW coal-fired power plant operating in the Texas market. The plant’s economic woes suggest a larger swath of […]

The Department of Energy’s (DOE’s) new grid study is based on analyses of federal government data collected between 2002 and 2017, a period it notes fostered critical developments in the nation’s power sector. Here are some of report’s most thought-provoking charts. [gss ids=”109885,109881,109883,109877,109865,109867,109869,109875,109873,109871″] For an in-depth analysis about the DOE’s grid study, see: DOE Grid Study Points Finger […]