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markets


U.S.’s Natural Gas-Fired Power Plants Set Daily Production Records in July Despite High Fuel Prices

The U.S. Energy Information Administration (EIA) reported that electricity generated by natural gas–fired power plants in the lower 48 states reached 6.37 TWh on July 21, setting a new record…


GE Debuts First 7HA.03 Gas Turbines at 1.3-GW Plant in Florida

The first two GE 7HA.03 machines—the largest 60-Hz heavy-duty gas turbines in the world and the most efficient in GE’s fleet—are now operational at Florida Power & Light’s (FPL’s) newly…


Coal Use Rises, Prices Soar as War Impacts Energy Markets

The war in Ukraine is having a global impact on energy prices, not only driving the cost of oil higher, but also sending coal prices to record levels as demand…


Former FERC Commissioner Says ‘Market Design Problem’ Was a Leading Cause of February 2021 Texas Power Crisis

In February 2021, a severe cold weather event, known as Winter Storm Uri, caused numerous power outages, derates, or failures to start at electric generating plants scattered across Texas and…


GE Grasping for Growth as It Prepares for Integrated Energy Spinoff

GE’s first earnings release after the American conglomerate last November announced it would combine and spin-off its Renewable Energy, Power, and Digital business suggests flagging orders for onshore and offshore…