markets

Austin, Texas (June 29, 2021) — Enverus, a leading global energy data and SaaS technology company, announced today that it has acquired Marginal Unit Inc., a power market analytics firm that helps users understand the past, present and future of the electrical grid. Marginal Unit specializes in congestion analysis, power flow, identifying pricing opportunities and empowering […]

SAN FRANCISCO – February 17, 2021 – Fluence, the leading global energy storage technology, software and services provider, today announced that its A.I.-powered Trading Platform has been selected to provide optimization and market bidding services for Pacific Gas and Electric Company’s 182.5 MW, 730 MWh battery energy storage system in Moss Landing, Calif. Using artificial intelligence, advanced […]

CARMEL, Indiana (February 10, 2021) — The Midcontinent Independent System Operator (MISO) today published the Renewable Integration Impact Assessment (RIIA), an analysis that evaluates increasing amounts of wind and solar resources within the MISO grid and the broader bulk electric system. RIIA represents the culmination of more than four years of analysis as well as significant […]

The 46th president of the United States has officially been sworn in. During his inauguration address President Joe Biden spoke of unity, empathy, and the challenges Americans must face together. Challenges indeed abound for Biden’s incoming environmental and energy team, including New Mexico congresswoman Deb Haaland as Interior Secretary, former Michigan Gov. Jennifer Granholm as […]

Siemens Energy announced it will cut 7,800 jobs from its gas and power division by 2025 as the company attempts to be more competitive in a global energy market that is moving away from fossil fuels and toward renewable energy. The company on Feb. 2 in its latest earnings release said it plans to jettison […]

Growing the amount of renewable power that’s available on the grid is equally as crucial for the energy transition as the ability to generate power from renewable sources. Fossil fuels continue to have the advantage because of market-bidding protocols that place their power on wholesale energy markets across the country, making it widely available to […]

Global upheaval in energy markets has been exacerbated by the coronavirus pandemic, and by ever-changing political winds, with energy investors at times torn between finding the best returns while also considering the impact of climate change. Many economies depend on fossil fuels, so moves away from coal-fired power and other forms of thermal generation can […]

Roiled over 2020 by the COVID-19 pandemic, two much-watched international power market outlooks surveying short-term and long-term implications caution the road ahead will be ridden by complexity. The

Joe Mease and Bryan Benoit, Grant Thornton LLP After serving as a primary source of electrical power generation for the last half-century, bankruptcies throughout the American coal mining industry in 2020 serve as the proverbial canary in the mine for the once dominant black nuggets found across the U.S. from the Appalachians to the Powder River Basin. […]

The tension between state and federal lawmakers is ages old, with a history marked by periods of outright assault or relative peace. On Dec. 19, 2019, the quiet in the energy sector was broken by an order from

This has been the year from hell for coal-fired power and the coal industry. If current projections hold, coal generation in 2020 will be 21% lower than last year and 62% lower than the 2007 peak. The coal share of the generating mix, which for decades hovered around 50%, will finish the year at 20%, […]

Zug, Switzerland (Oct. 13, 2020) — Germany’s federal energy agency, Deutsche Energie-Agentur (DENA), has selected Energy Web to design and construct a digital registry for distributed energy resources (DERs) across the country in partnership with more than 20 industry players. The project will enable energy assets in Germany, such as thermostats, solar PV systems, batteries, […]

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 […]

A clean energy valuation and risk analytics company said that low demand for energy during the COVID-19 pandemic, along with low prices for natural gas and strong power generation from renewable energy resources, has brought unprecedented low prices for electricity in multiple U.S. markets.  REsurety said its Renewable Energy Market Analytics Platform (REmap) shows that […]

Gas prices remain low worldwide, and the challenge for producers is to find a market for their supply. Gas remains the No. 1 source of U.S. power generation, and will continue in that spot for several more

Silicon Valley-based SunPower on March 16 said it has secured grid capacity for about 11 MW of power after a winning bid in ISO New England’s 14th Forward Capacity Auction (FCA), in which companies predict the cost of making power in 2023. The auction, which closed in February, saw a record low price of $2 […]

The 2019 United Nations Climate Change Conference (COP25), held in December in Madrid, Spain, showcased politicians and activists vying for the title of the world’s climate savior. In particular, youth

Two formidable U.S. coal power generators this week separately revised their carbon dioxide emissions reduction targets. Duke Energy announced it would achieve net-zero carbon emissions by 2050. American Electric Power (AEP), meanwhile, said it would extend its target from 60% to 70% from 2000 levels by 2030, and by more than 80% by 2050—but it […]

Vistra Energy will shutter four coal-fired power plants—a total 2 GW—as required by Illinois’ recently revised Multi-Pollutant Standard (MPS) rule, but CEO Curtis Morgan noted the move was “inevitable” due to the changing regulatory environment and unfavorable economic conditions in the MISO market.  The company on Aug. 21 said it will close the 54-year-old 915-MW […]

Beijing, China (July 24, 2019) — Rocky Mountain Institute (RMI) today released a report which analyzes the impacts of implementing electricity markets in China and quantifies the benefits, which will help regulators identify which electricity power plants are at risk of closure due to market reforms and determine the best ways to handle challenges in […]

Despite years of escalating natural disasters and dozens of reports examining the science and economic cost of climate change, the Green New Deal framework now languishes as a result of political backlash and its outsize ambition to remake the American economy. But dismissing the issue, and this opportunity, is unnecessary and dangerous.

For the first time since it began conducting sector outlooks, Moody’s Investors Service has downgraded the regulated utility sector from stable to negative. The new outlook reflects a surge in financial risks in the sector as more individual companies in the regulated space funnel funds to debt. Using an analysis of 42 of the largest […]

President Trump wants to provide financial support to struggling coal and nuclear power plants. He’s told the Department of Energy (DOE) to make it happen. But a bipartisan group of lawmakers on Capitol Hill, along with commissioners from the Federal Energy Regulatory Commission (FERC), made it clear June 12 they don’t support federal government intervention […]

General Electric’s (GE’s) power unit has said it will end manufacturing operations at its plant in Salem, Virginia, next year, with more than 260 workers losing their jobs, according to union officials. Officials noted that 42% of the affected workers are eligible for retirement. The plan announced June 8 said the Salem plant, which opened […]

The Federal Energy Regulatory Commission’s (FERC’s) recent Order 841, “Electric Storage Participation in Markets Operated by Regional Transmission Organizations [RTOs] and Independent System Operators

The Electric Reliability Council of Texas (ERCOT) on April 30 updated its summer 2018 planning reserve margin to 11% based on resource updates, but it warned that the regional grid serving most of Texas could still suffer rotating outages under extreme conditions. In its final Seasonal Assessment of Resource Adequacy (SARA) report for the upcoming […]

GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors in a February 26 letter. The multinational conglomerate’s long-standing and lucrative GE Power business unit’s earnings plunged 45% in 2017 owing to costly operational misses […]

Merchant markets for independent power producers in the U.S. are unfavorable, and many companies in the sector have slumping profits—even big losses—as they ponder where to go in the months and years

Kevin McIntyre was sworn in as chairman of the Federal Energy Regulatory Commission on December 7, just more than a month after his nomination to the post was approved by the Senate. He takes over from interim chair Neil Chatterjee, who will remain at FERC as a commissioner. The agency that regulates transmission and wholesale […]

Southeast Asia offers rich renewable sector opportunities, recently exemplified by Chevron’s multibillion-dollar sale of its Indonesian and Philippines geothermal projects, and the purchase of Equis Energy