Texas

The Lower Colorado River Authority (LCRA) said it will build a new 190-MW peaker power plant in central Texas to provide additional dispatchable power to the state’s electric grid. A peaker plant is one that is typically used only for brief periods during times when the demand for power approaches or surpasses the amount of […]

The largest municipally-owned electric and gas utility in the U.S. will close its remaining coal-fired power units by 2030. The board of trustees for San Antonio, Texas-based CPS Energy on Jan. 23 voted 4-1 to approve a plan to shutter the last two coal-burning units at the J.K. Spruce power plant. The plan, known as […]

Danish energy developer Ørsted continues to expand its presence in the U.S. market, with the company on Jan. 18 announcing it has signed a deal to acquire Public Service Enterprise Group’s (PSEG’s) 25% stake in the 1.1-GW Ocean Wind 1 project about 15 miles off the coast of New Jersey. The move will give Ørsted […]

Government officials in the small South American country of Guyana have given the go-ahead for construction of a 300-MW natural gas-fired power plant, a facility that would represent a major expansion of the nation’s power generation capacity. Cabinet members on Nov. 10 approved the project, which President Dr. Irfaan Ali has said will help reduce […]

Companies involved in energy production continually look to maximize their investments, and today are tasked with navigating increasingly volatile energy markets. These companies must choose where and how to compete as the world transitions to a low-carbon future. Where are the best opportunities for investment? How important is seeking out positions that reduce exposure to […]

NET Power, developer of the novel Allam-Fetvedt supercritical carbon dioxide (sCO2) power cycle, will build its first 300-MW natural gas–fired power plant at an Occidental-hosted site near Odessa, Texas. The “serial number one” project will demonstrate—at utility scale—NET Power’s potentially revolutionary technology, which promises to provide low-cost gas-fired power generation, no atmospheric emissions, no water […]

AUSTIN, Texas (Nov. 3, 2022) — Avantus (formerly 8minute) announced it has completed the sale of the 147-megawatt (MWdc) Galloway 2 Solar Project to Allianz Capital Partners, one of the Allianz Group’s asset managers for alternative equity investments. Located in Concho County in Central Texas, Galloway 2 is expected to inject tens of millions of […]

WattBridge, a relatively new independent power producer that evolved out of a non-OEM aeroderivative gas turbine solutions provider, completed its first power facility based on a standardized LM6000 plant

Four large solar power projects, including two that will feature battery energy storage systems (BESS), are moving forward after the closing of financing commitments for the installations. Intersect Power, an Oregon-headquartered development and engineering group for renewable energy, on Sept. 29 announced it has closed $3.1 billion in financing to complete a near-term portfolio of […]

New York Gov. Kathy Hochul announced on Sept. 8 that $16.6 million had been awarded to five long-duration energy storage projects in her state. She also said an additional $17 million in competitive funding was available for projects that “advance development and demonstration of scalable innovative long-duration energy storage technologies, including hydrogen.” Meanwhile, Qcells USA […]