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| Updated | 2026-04-17 21:30 |
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by Aaron Larson on (#52V2Z)
The post What’s the Cheapest New-Build Power Technology? appeared first on POWER Magazine. Onshore wind and photovoltaic (PV) solar power are the cheapest forms of new-build power generation for at least two-thirds of the world’s population, according to analysis published by research company BloombergNEF (BNEF). Meanwhile, battery storage has become the lowest-cost new-build technology for peaking purposes in gas-importing regions, such as Europe, China, and Japan. BNEF reported […]The post What’s the Cheapest New-Build Power Technology? appeared first on POWER Magazine.
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by Darrell Proctor on (#52TS8)
The post GE Reports $1 Billion Hit to Cash Flow appeared first on POWER Magazine. General Electric (GE) on April 29 reported a steep drop in first-quarter revenue, with the industrial giant—like many companies—taking a major hit from the coronavirus pandemic. The company reported a year-over-year revenue decline of 8%, with posted revenue of $20.524 billion, and noted a $1 billion negative impact to cash flow during the quarter. The […]The post GE Reports $1 Billion Hit to Cash Flow appeared first on POWER Magazine.
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by Darrell Proctor on (#52QHV)
The post GE, Siemens, Utilities Take Hits From Coronavirus appeared first on POWER Magazine. U.S. power plant operators continue to change procedures at their facilities, including pushing back scheduled maintenance, due to lockdowns and quarantines associated with the coronavirus pandemic. The changes are impacting companies such as General Electric (GE) and Siemens, which are major service providers to power plants, at a time when these global companies already are […]The post GE, Siemens, Utilities Take Hits From Coronavirus appeared first on POWER Magazine.
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by Jocelyn Knoll on (#52R3G)
The post Looking Ahead: It’s Time to Plan for and Build a Robust, Sustainable U.S.-led Recovery appeared first on POWER Magazine. While scientists and health professionals huddle with public officials to determine the best course forward to combat COVID-19 and relax social distancing, more of our leaders must address the need to quickly create high paying, sustainable jobs—lots of them. COMMENTARY Frankly, the need has never been greater. Regardless of political ideology, our politicians must put […]The post Looking Ahead: It’s Time to Plan for and Build a Robust, Sustainable U.S.-led Recovery appeared first on POWER Magazine.
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by Darrell Proctor on (#52QV7)
The post Indian Point Unit 2 Will Shut Down April 30 appeared first on POWER Magazine. One of the two remaining operating reactors at the Indian Point Energy Center in Buchanan, New York, will close for good on April 30, shutting down early as part of an agreement between Entergy, the plant’s operator, the state of New York, and environmental groups who had pressured officials to close the plant. The 1,020-MW […]The post Indian Point Unit 2 Will Shut Down April 30 appeared first on POWER Magazine.
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by Sonal Patel on (#52QHW)
The post MHPS Will Rebrand as ‘Mitsubishi Power’ appeared first on POWER Magazine. Flagship power plant and equipment firm Mitsubishi Hitachi Power Systems (MHPS) plans to change its name to “Mitsubishi Power†once it receives approval from antitrust authorities in several countries. The rebrand announced by the Yokohama, Japan–headquartered MHPS on April 24 will reflect a change in ownership announced in December, when Japanese technology conglomerate Hitachi said […]The post MHPS Will Rebrand as ‘Mitsubishi Power’ appeared first on POWER Magazine.
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by Darrell Proctor on (#52MD7)
The post Canada SMR Initiative Adds New Brunswick Project appeared first on POWER Magazine. Moltex Energy, a privately held nuclear power development company headquartered in the UK with an office in New Brunswick, Canada, has entered into a collaboration agreement with Canadian Nuclear Laboratories (CNL) to support Moltex’s nuclear fuel development program for its Stable Salt Reactor (SSR), among the latest technology advancements for small modular reactors (SMRs). The […]The post Canada SMR Initiative Adds New Brunswick Project appeared first on POWER Magazine.
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by Sonal Patel on (#52JQS)
The post Nuclear Fuel Working Group Outlines How U.S. Could Regain Global Leadership appeared first on POWER Magazine. The U.S. will attempt to regain its international standing as a world leader in nuclear energy through a three-pronged strategy that will essentially seek to strengthen the full domestic nuclear fuel cycle, possibly deny imports of nuclear fuel fabricated in Russia or China, and promote advanced reactor technologies. The strategy is outlined in the White […]The post Nuclear Fuel Working Group Outlines How U.S. Could Regain Global Leadership appeared first on POWER Magazine.
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by Aaron Larson on (#52K16)
The post Solar Power Is Cheap and Getting Cheaper [PODCAST] appeared first on POWER Magazine. In many locations, solar power is already the lowest-cost renewable energy alternative available. Some of the advantage stems from advancements made in manufacturing processes and economies of scale that solar companies have captured. Operating costs also factor into the equation—solar’s operating costs are minimal while operating expenses for wind power are more substantial. Still, Brendan […]The post Solar Power Is Cheap and Getting Cheaper [PODCAST] appeared first on POWER Magazine.
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by Sonal Patel on (#52J4W)
The post Seven Nuclear Plants Get COVID-19–Related NRC Work-Hour Exemptions appeared first on POWER Magazine. To help nuclear generators manage worker fatigue amid the intensifying COVID-19 pandemic, the Nuclear Regulatory Commission (NRC) has so far granted individually requested exemptions from work-hour controls to seven U.S. nuclear power plants. As described by NRC Director of Nuclear Reactor Regulation Ho Nieh in March 28 letters sent to at least three industry leaders, […]The post Seven Nuclear Plants Get COVID-19–Related NRC Work-Hour Exemptions appeared first on POWER Magazine.
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by Darrell Proctor on (#52GD4)
The post Johnson Stepping Down as PG&E CEO appeared first on POWER Magazine. Pacific Gas & Electric (PG&E) announced April 22 that Bill Johnson, the president and CEO who took over those roles in the midst of the company’s bankruptcy proceedings, will step down June 30 after just more than one year on the job. The company said Bill Smith, a PG&E board member, will serve as interim […]The post Johnson Stepping Down as PG&E CEO appeared first on POWER Magazine.
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by Sonal Patel on (#52GPE)
The post FERC Orders Delayed Implementation of NERC Reliability Standards appeared first on POWER Magazine. The Federal Energy Regulatory Commission (FERC) has approved the North American Electric Reliability Corporation’s (NERC’s) motion to defer implementation of seven reliability standards—including for grid cybersecurity—that were slated to become effective this year. In an April 17 order, FERC approved NERC’s April 6 requested motion to defer the implementation of the standards, which have effective […]The post FERC Orders Delayed Implementation of NERC Reliability Standards appeared first on POWER Magazine.
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by Sonal Patel on (#52EMT)
The post The Power Sector’s Most Crucial COVID-19 Mitigation Strategies appeared first on POWER Magazine. The latest version of the Electricity Subsector Coordinating Council’s (ESCC’s) resource guide to assess and mitigate COVID-19 suggests the U.S. power sector continues to grapple with key concerns involving control center continuity, power plant continuity, access to restricted and quarantined areas, mutual assistance, and supply chain challenges. In its fifth and sixth versions of the […]The post The Power Sector’s Most Crucial COVID-19 Mitigation Strategies appeared first on POWER Magazine.
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by Darrell Proctor on (#52D62)
The post Need for Resilience Supports Energy Storage appeared first on POWER Magazine. Independent power producer Neoen Australia said an expansion of the world’s largest lithium-ion battery system has completed its network connection, bringing the Tesla-supported Hornsdale Power Reserve, adjacent to a wind farm in South Australia, to a rated size of 150 MW/193.5 MWh. It’s the latest in a series of projects being developed worldwide to add […]The post Need for Resilience Supports Energy Storage appeared first on POWER Magazine.
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by Sonal Patel on (#52CX9)
The post GE Loses Engineering Visionary John Lammas appeared first on POWER Magazine. John Lammas, GE Power’s chief technology officer and vice president of generation technology, an innovator who championed breakthroughs in gas turbine technology both for jet travel and power generation, died suddenly on April 12. GE commemorated Lammas in an emotional tribute to his 35-year legacy at the technology conglomerate, noting his work could be seen […]The post GE Loses Engineering Visionary John Lammas appeared first on POWER Magazine.
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by Darrell Proctor on (#52C1A)
The post Groups File Legal Challenges to ACE Rule appeared first on POWER Magazine. Legal challenges to the Trump administration’s Affordable Clean Energy (ACE) rule began in earnest April 17, as more than two dozen states and cities, along with several environmental activist groups, filed briefs with the U.S. Court of Appeals in Washington, D.C., seeking a rollback of power plant regulations that also have been decried by coal […]The post Groups File Legal Challenges to ACE Rule appeared first on POWER Magazine.
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by Darrell Proctor on (#528QT)
The post EPA Nixes Legal Justification for MATS Rule appeared first on POWER Magazine. The Environmental Protection Agency (EPA) on April 16 withdrew the legal justification for an Obama-era rule that required coal-fired power plants to reduce their emissions of mercury. The Mercury and Air Toxic Standards (MATS) remains in place, but Thursday’s action by the Trump administration could prevent similar regulations from being implemented in the future. EPA […]The post EPA Nixes Legal Justification for MATS Rule appeared first on POWER Magazine.
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by Darrell Proctor on (#528GD)
The post Wind Energy Leads U.S. Power Generation Growth appeared first on POWER Magazine. The trade group representing the U.S. wind energy industry says the sector emerged as the top provider of new utility-scale power generation in the nation in 2019, with 9.1 GW of large wind power projects coming online. The American Wind Energy Association (AWEA), in its Wind Powers America Annual Report 2019 released April 16, said […]The post Wind Energy Leads U.S. Power Generation Growth appeared first on POWER Magazine.
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by Sonal Patel on (#527X4)
The post U.S. Nuclear Industry Shaved Generating Costs by 7.6% Compared to 2018 appeared first on POWER Magazine. The U.S. nuclear power fleet last year achieved its lowest recorded average total generating costs in two decades—$30.42/MWh—though it ran at a record-high 93.4% average capacity factor. Total generating costs were 7.6% lower last year compared to the prior year, and have fallen nearly 32% since 2012. The numbers, highlighted in the Nuclear Energy Institute’s […]The post U.S. Nuclear Industry Shaved Generating Costs by 7.6% Compared to 2018 appeared first on POWER Magazine.
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by Aaron Larson on (#527X5)
The post Vogtle Workforce Reduced by 20%, but Other Projects Strong in March appeared first on POWER Magazine. The COVID-19 outbreak and efforts to halt the spread of the virus are having a real impact at the Vogtle nuclear expansion construction site, but project starts elsewhere were robust in March. Cutting Workforce Due to COVID-19 On April 15, Georgia Power announced in an 8-K filing with the U.S. Securities and Exchange Commission that […]The post Vogtle Workforce Reduced by 20%, but Other Projects Strong in March appeared first on POWER Magazine.
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by Darrell Proctor on (#527X7)
The post NYISO: Power Consumption Down as Much as 18% appeared first on POWER Magazine. The New York Independent System Operator (NYISO) on April 16 said weekday morning reductions in power consumption have averaged as much as 18% below typical levels, with the most dramatic drops noted in New York City as businesses remain closed during the COVID-19 pandemic. NYISO, in an updated analysis of estimated coronavirus demand impacts released […]The post NYISO: Power Consumption Down as Much as 18% appeared first on POWER Magazine.
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by Darrell Proctor on (#526H1)
The post Clean Energy Sector Sheds 106,000 Jobs in March appeared first on POWER Magazine. The renewable energy sector has been hit hard by the coronavirus pandemic, with more than 106,000 U.S. workers losing their jobs last month, according to an analysis of unemployment data released April 15 from several clean energy groups. Wednesday’s report said hundreds of thousands more job losses in the sector are expected in the next […]The post Clean Energy Sector Sheds 106,000 Jobs in March appeared first on POWER Magazine.
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by Darrell Proctor on (#5256C)
The post The POWER Interview: Powering Through a Pandemic appeared first on POWER Magazine. It’s an unprecedented time for power generators worldwide. Utilities, grid operators, equipment manufacturers, and others working to keep the lights on know that a reliable supply of electricity is more important than ever as the world battles through the coronavirus pandemic. Dino Barajas, who recently joined the finance arm of DLA Piper in Los Angeles, […]The post The POWER Interview: Powering Through a Pandemic appeared first on POWER Magazine.
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by Darrell Proctor on (#524XT)
The post Siemens Group Reopens Plants; GE Closing U.S. Factory appeared first on POWER Magazine. Global wind turbine manufacturers Siemens Gamesa and Vestas have restarted work in their facilities in Spain, after that country eased some of the restrictions in place as part of the lockdown due to the COVID-19 pandemic. The move comes at the same time that General Electric announced it would close a subsidiary’s wind turbine manufacturing […]The post Siemens Group Reopens Plants; GE Closing U.S. Factory appeared first on POWER Magazine.
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by Sonal Patel on (#523D2)
The post NERC Moves to Defer Reliability Standards, Provide COVID-19 Flexibility appeared first on POWER Magazine. The North American Electric Reliability Corporation (NERC) has asked the Federal Energy Regulatory Commission (FERC) to delay the implementation of seven reliability standards that relate to cybersecurity, training, disturbance monitoring and reporting, generator relay loadability, and coordination of protection systems for performance during faults. In an April 6 filing to FERC, NERC noted the rules […]The post NERC Moves to Defer Reliability Standards, Provide COVID-19 Flexibility appeared first on POWER Magazine.
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by Darrell Proctor on (#524KH)
The post The POWER Interview: Keeping the Flame for Natural Gas appeared first on POWER Magazine. The crash in global oil prices, though a challenge for cash-strapped drillers and U.S. exploration and production (E&P) companies, may provide an opportunity to move natural gas prices higher. Analysts in recent days have said higher gas prices could come as soon as next winter—some predict prices could more than double from recent lows of […]The post The POWER Interview: Keeping the Flame for Natural Gas appeared first on POWER Magazine.
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by Darrell Proctor on (#523D4)
The post Virginia Commits to End Coal-Fired Generation appeared first on POWER Magazine. Virginia on April 12 became the latest state to commit to a phase-out of fossil fuel-powered electricity generation, as Gov. Ralph Northam signed the Virginia Economy Act into law. The legislation sets new requirements for energy efficiency among the state’s leading utility companies, and also requires most of the state’s six remaining coal-fired power plants […]The post Virginia Commits to End Coal-Fired Generation appeared first on POWER Magazine.
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by Darrell Proctor on (#5223X)
The post Siemens CEO: No Job Cuts Due to Coronavirus appeared first on POWER Magazine. Siemens CEO Joe Kaeser told a German newspaper the company will not reduce its workforce despite the economic downturn due to the worldwide COVID-19 pandemic. Kaeser, in an interview published April 11, said the company would likely continue having some employees work fewer hours at some of its facilities in Germany, and could extend that […]The post Siemens CEO: No Job Cuts Due to Coronavirus appeared first on POWER Magazine.
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by Darrell Proctor on (#5223Y)
The post At Least Two Dead in Coal Ash Breach in India appeared first on POWER Magazine. A dike at a coal ash pond at a power plant in India gave way on April 10, killing at least two people while four others are missing, according to a local official. The spill covered several acres of cropland in the area. K.V.S. Choudary, the district collector and the top public official in the […]The post At Least Two Dead in Coal Ash Breach in India appeared first on POWER Magazine.
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by Darrell Proctor on (#52285)
The post Xcel Selling Gas Plant; Proceeds Will Support Pandemic Relief appeared first on POWER Magazine. Xcel Energy on April 6 announced the sale of the 760-MW Mankato Energy Center (MEC) gas-fired power plant in Minnesota, less than three months after purchasing the plant for $650 million from Southern Co. Xcel had said the MEC was an important piece of the utility’s goal to be carbon-free by 2050. Xcel reached a […]The post Xcel Selling Gas Plant; Proceeds Will Support Pandemic Relief appeared first on POWER Magazine.
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by Darrell Proctor on (#51Y96)
The post Rosatom Groups Help Medical Workers Battle Coronavirus appeared first on POWER Magazine. Scientists at SSC RF TRINITI JSC, a subsidiary of Rosatom’s science division, this week announced they have developed a method of disinfecting and sterilizing medical instruments, clothing, equipment, and facilities using mobile devices for the production of concentrated ozone. The action is one of several initiatives undertaken by Rosatom, the Moscow-based Russian state nuclear corporation, […]The post Rosatom Groups Help Medical Workers Battle Coronavirus appeared first on POWER Magazine.
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by Aaron Larson on (#51Y0J)
The post Technology for Managing Distributed Energy Resources [PODCAST] appeared first on POWER Magazine. With the growth of distributed energy resources, including rooftop solar, wind turbines, battery energy storage systems, electric vehicles, and demand response technology, distributed energy resource management systems (DERMS) are becoming increasingly important for utilities. Brad Williams, vice president of Industry Strategy with Oracle Utilities was a guest on The POWER Podcast. He touched on a […]The post Technology for Managing Distributed Energy Resources [PODCAST] appeared first on POWER Magazine.
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by Sonal Patel on (#51Y0K)
The post Chart Shows Rise in Wind, Solar; Overall Drop in Energy Use appeared first on POWER Magazine. Lawrence Livermore National Laboratory’s (LLNL’s) latest annual energy flow chart suggests that in 2019, for the second year in a row, wind and solar made up the largest increases in U.S. energy supply, but American consumption of energy fell after a record year in 2018. The national lab’s annual U.S. energy flow chart, or Sankey […]The post Chart Shows Rise in Wind, Solar; Overall Drop in Energy Use appeared first on POWER Magazine.
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by Bryan Murphy on (#51Y0N)
The post Managing Modernization: Risks and Rewards of Digital Transformation in the Energy Sector appeared first on POWER Magazine. In the face of widespread disruption driven by economic, regulatory and consumer forces, the energy sector is increasingly adopting digital technologies to transform the industry and bring it into the future. However, this move to modernization can unintentionally expose organizations to a range of new security threats that must be addressed. Digital Transformation—A Move to […]The post Managing Modernization: Risks and Rewards of Digital Transformation in the Energy Sector appeared first on POWER Magazine.
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by Sonal Patel on (#51X1B)
The post PJM Ramps Up Preparations as COVID-19 Hotspots Emerge in Its Footprint appeared first on POWER Magazine. PJM Interconnection, the nation’s largest regional transmission organization (RTO), is intensifying its response to the COVID-19 pandemic, preparing campuses for worker sequestration and closely coordinating with generators and transmission owners across its system as they grapple with workforce and supply impacts. Although most of PJM’s employees—with the exception of system operators and other essential personnel—are […]The post PJM Ramps Up Preparations as COVID-19 Hotspots Emerge in Its Footprint appeared first on POWER Magazine.
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by Darrell Proctor on (#51X1C)
The post Palo Verde’s Refueling: Ensure Safety, Reliability appeared first on POWER Magazine. It’s a rite of spring for the U.S. nuclear power industry. Plant operators schedule refueling outages, taking a reactor offline not only to refuel but also to perform repairs or other maintenance, and facility upgrades. It’s a task made more problematic this year, as social distancing and travel restrictions brought on by the COVID-19 pandemic […]The post Palo Verde’s Refueling: Ensure Safety, Reliability appeared first on POWER Magazine.
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by Paul DeCotis on (#51WRE)
The post 2020: A Moment of Truth for Utilities appeared first on POWER Magazine. The start of a new decade marks a critical moment for utilities. As the pace of change accelerates, industry leaders are facing choices that will determine which companies prosper in the new competitive landscape and which languish as slow-growth commodity businesses. West Monroe’s 2020 Energy and Utilities Outlook provides a guide to planning for a […]The post 2020: A Moment of Truth for Utilities appeared first on POWER Magazine.
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