economics

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 […]