Ukraine

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 for the fuel grows during a period of diminished supply. The Newcastle (Australia) futures price of thermal coal for power generation hit $435/ton on March […]

CEOs of energy companies with projects in Russia are facing career-defining leadership moments. What do you do when your corporate investments nearly overnight become politically, economically and socially untenable to your key stakeholders? Within days of Russia’s unprovoked invasion of Ukraine, BP’s Chief Executive Bernard Looney was quick out of the gate to tell the world […]

Eighteen bipartisan U.S. Senators are backing a bill that would direct the president to declare a national emergency and prohibit imports of Russian energy commodities, including crude oil, petroleum products, liquefied natural gas (LNG), and coal. While the measure does not include Russian uranium, a senior Department of Energy official said addressing U.S. reliance on […]

The venerable business of commodity trading, already in the news for the supply chain impacts of COVID, has moved to center stage with the war in Ukraine. Impacts of Russia’s invasion could ripple to manufacturing of all kinds, especially the clean energy transition we need to meet climate goals. COMMENTARY Within the first week of […]

The International Atomic Energy Agency (IAEA) reported on March 4 that Russian forces had taken control of the Zaporizhzhya Nuclear Power Plant (NPP) site, but that the reactors continued to be operated by the plant’s regular staff and there had been no release of radioactive material. “What we are telling you is confirmed information that […]

In its most recent update on the status of Ukrainian nuclear power plants (NPPs), issued to the International Atomic Energy Agency (IAEA) on March 2, the State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) said it maintained communications with the country’s NPPs and that all units “continued to operate as before.” Of Ukraine’s 15 reactors, more […]

NuScale Power has signed a definitive commercial agreement with mining and processing firm KGHM Polska Miedź S.A. to deploy a VOYGR power plant of up to 924 MWe as early as 2029 to support KGHM’s copper and silver production in Poland. Under an “early works agreement” signed in a ceremony on Feb. 14 in the […]

The electricity transmission and distribution (T&D) grid is under pressure like never before. There are a number of data-driven digital solutions to help shore up the grid that have been getting a lot of

Ukraine is set to host its first Westinghouse AP1000 nuclear reactor at state-owned Energoatom’s 2-GW Khmelnytskyi nuclear power plant in the western part of the country. Under a contract signed on Nov. 22 by Patrick Fragman, president and CEO of Westinghouse, and Petro Kotin, Energoatom’s acting president, the two companies will begin engineering and procurement for […]

Globally the energy transition is addressed through policy frameworks that target energy-related CO2 emissions reductions and power grid digitalization and automation, achieving a more efficient use of our resources. That is, as long as that electrification is based on clean, renewable energies. Renewable energies both help us to solve a planetary problem and introduce new […]

More than 35 years have passed since a steam explosion and fires at the Chernobyl nuclear power plant caused massive amounts of radioactive material to be released into the environment. Time seems to have

Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]

Energy Secretary Rick Perry told President Donald Trump on Oct. 17 that he is resigning his post. Trump confirmed to reporters in Texas, where he and Perry flew Thursday, that the energy secretary will step down, and Trump said he would quickly name a replacement. DOE Deputy Secretary Don Brouillette is viewed as Perry’s likely […]

GE Capital’s Energy Financial Services connects financing to GE’s fourth wind farm project in Ukraine Sponsor, LongWing Energy, and co-investor, VLC Renewables, secure project financing for the first 98 MWs of its Zaporizhia wind farm project in Ukraine GE Renewable Energy secures onshore wind turbine order for the 98 MW phase one, which is expected […]

When conversations around the power industry turn to computer hacking, more often than not experts say it’s not a question of if, but rather, how systems have been compromised. William Doering, adjunct professor in the online Master’s in Business Administration program at Maryville University and a director with Guidehouse—a management consulting services provider—said he has participated […]

BlackEnergy, the malware used in a cyberattack that prompted a large-scale blackout in Ukraine in December 2015, has a successor—GreyEnergy. A group is using the malware to target industrial networks outside Ukraine, researchers  from Slovakian cybersecurity firm ESET warn.  The researchers said in an October 17–released white paper that analysis of the previously undocumented GreyEnergy […]

Cybersecurity experts have identified a new activity group that they say is targeting access operations at electric utilities in the U.S., Europe, Middle East, and East Asia.  Cybersecurity firm Dragos Inc. told POWER on August 1 that though it has confirmed that the group—which it dubbed “RASPITE”—is actively targeting electric utilities, “there is no current indication […]

July 23, 2018 09:00 AM Eastern Daylight Time PASADENA, Calif.–(BUSINESS WIRE)–Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Agency for International Development (USAID) awarded the Company an $85 million single-award contract to support enhanced energy security in Ukraine. The five-year USAID/Ukraine Energy Security through Competitive Energy Markets Program aims to improve the legal […]

Banking on natural gas as it moves away from coal, the European Union (EU) in September adopted new rules that require member states to help neighbors affected by supply disruptions.  The new rules adopted by

Organizations across every industry today face a wide range of cyber threats and serious security challenges from various vectors. A top concern among these is the persistence cybersecurity experts are seeing

Beyond the bitter disputes that have recently cropped up between Ukraine and Russia concerning Russia’s 2014 annexation of Crimea and the subsequent separatist violence in Ukraine’s Donbass region

A bill to protect the U.S. power grid from cyber-attacks reintroduced by members of the U.S. Senate Intelligence Committee urges a “retro” approach to cybersecurity using a novel analog “disrupter” technology to guard computer-connected operating systems. U.S. Senators Jim Risch (R-Idaho) and Angus King (I-Maine) on January 10 renewed their support of the Securing Energy […]

External malicious actors deployed a “synchronized and coordinated” cyberattack to prompt the large-scale blackout in Ukraine last December, a U.S. interagency team has confirmed. The event on December 23, 2015— the world’s first power blackout prompted by a cyberattack—saw a swathe of unscheduled power outages afflict three regional power distribution companies (called the “Oblenergos”) and cut […]

Malware has apparently been used for the first time to prompt a large-scale power blackout. An attack was tied to a Dec. 23 blackout affecting about 1.4 million Ukrainians living in the Ivano-Frankivsk region, reported Ukrainian news media outlet TSN. However, Slovakian information security firm ESET later confirmed that the reported case “was not an […]