Palisades nuclear relaunch gets more subsidies in Michigan — and more backlash September 9, 2024 The Palisades Nuclear power plant restart effort has secured another round of public subsidies, with two rural electric cooperatives set to receive hundreds of millions of dollars to buy power from the facility. The U.S. Department of Agriculture announced Thursday…
Trend toward electric utility rate increases in regulated markets continues in 2024 September 9, 2024 Utility regulators in the United States are considering increases to electricity rates again this year as electric utilities seek to cover the investments needed to maintain and expand their systems. Utilities requested rate increases in recent years to pay for…
Promoters of clean-energy data centers in Virginia coal country unfazed by doubters September 10, 2024 Will Payne and Will Clear are all too aware of the skeptics. But those doubters only fuel the duo’s vision for Southwest Virginia. The former Virginia state energy office bureaucrats turned private-sector consultants have an ambitious plan to repurpose land…
Global clean technology and power market mergers and acquisitions have totaled $105 billion with 234 deals so far this year, slightly ahead of the 2023 pace, according to Enverus Research Intelligence. There were $79 billion in deals in the first half of 2024 and another $26 billion to date in the third quarter. The level…
Brent Crude Tumbles Below $75 a Barrel, Erasing 2024 Gains September 3, 2024 Brent erased its 2024 gains as concerns about demand in the world’s two biggest economies overshadow heightened geopolitical risks. The global benchmark dropped below $75 a barrel and touched the lowest intraday price since December 2023. Read more
Halliburton says hackers removed data in August cyberattack September 3, 2024 U.S. oilfield services firm Halliburton (HAL.N), opens new tab said on Tuesday an unauthorized third party had accessed and removed data from its systems, providing details regarding the cyberattack in August first reported by Reuters. The company said it is evaluating the nature and…
Data Centers Face Seven-Year Wait for Dominion Power Hookups August 29, 2024 Dominion Energy Inc. expects the time it takes to connect large data centers to the electric grid to increase by one to three years amid a surge in requests, bringing the total wait time to as long as seven years. The longer wait…
TVA power grid working overtime amid record-breaking heat Aug 30, 2024 It’s no surprise that intense heat in Middle Tennessee has lead a lot of people to crank up the air conditioning. Officials with the Tennessee Valley Authority (TVA) told News 2 that this means the power grid is working overtime. The TVA System Operations…
West Virginia’s PSC faces lawsuit over coal-plant directive September 3, 2024 The Public Service Commission of West Virginia is facing legal challenges for its 2021 directive that Appalachian Power increase the usage of three of its coal plants. Critics say the utility is paying more to keep coal plants open, and passing the cost onto…
Westinghouse fuel loaded into Loviisa reactor 02 September 2024 In November 2022, Finnish utility Fortum signed an agreement with Westinghouse for the design, approval and delivery of a new type of fuel to the Loviisa plant. The agreement built on the successful collaboration supplying fuel to Loviisa from 2001 to 2007, during which Westinghouse delivered…
Southern California Edison Seeks to Recover $1.6 Billion of Wildfire-Related Losses Aug. 29, 2024 Southern California Edison, a unit of utility Edison International, said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under the agreement with the California…
Residential solar prices drop as size of installations grow and more batteries are added Energize Weekly, September 4, 2024 The size of residential solar systems has been rising as solar module efficiency increases and solar panel costs decline, according to the Lawrence Berkeley National Laboratory’s annual Tracking the Sun report. Generating capacity for individual residential…
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