Drought spurred by climate change cut 2024 U.S. hydropower to its lowest level in 18 years Energize Weekly, November 13, 2024 U.S. hydropower plants – beleaguered by drought and above average temperatures – are projected to produce 13 percent less electricity in 2024 than the 10-year average, according to the…
Clean tech investments overtake oil and gas financing in 2023 and are set to triple by 2035 Energize Weekly, November 6, 2024 Investments in low-carbon technologies are accelerating – accounting for more than 50 percent of all energy financing in 2023 for the first time – and are set to…
Tri-State won $2.5 billion to close coal plants, get new renewable energy for rural customers Oct 29, 2024 Tri-State Generation has won praise from environmental groups for an aggressive plan to build clean, renewable energy, and Friday the co-op won the financing to do it: $2.5 billion in federal loans…
New England’s last coal plant passed an emissions test. But part of it still needs repairs. 10-29-2024 New England’s last running coal-fired power plant, Merrimack Station in Bow, passed an emissions test over the summer that it struggled to complete for more than a year. But only one of its…
NextEra Energy interested in recommissioning nuclear power plant Oct. 24, 2024 After four years of being inactive, the Duane Arnold nuclear power plant near Palo could start generating energy again. The plant’s owner, NextEra Energy said in an earnings call it might recommission the plant. The plant stopped making power…
CenterPoint Saw Data Center Demand ‘Dramatically Change’ Over Summer Oct. 28, 2024 The leaders of CenterPoint Energy Inc. this summer saw “a fundamental shift” in data center activity in their Greater Houston footprint, CEO Jason Wells told analysts Oct. 28. After beginning the season with about 1 gigawatt of demand…
Boulder to host Xcel ‘virtual power plant’ demonstration October 21, 2024 Boulder has been chosen to host Xcel Energy Colorado’s upcoming demonstration of a “virtual power plant” concept. Typically, energy utilities build bigger, centralized power plants that run on coal, gas, nuclear power and other types of energy. But in…
Xcel announces retirement plans for remaining Colorado coal plants 10.21.2024 Xcel Energy Colorado has proposed next steps to identify new power generation to replace its retiring coal units, which are set to retire by 2030. The proposal is the first step in a two-phase regulatory process, which sets the stage…
Evergy plans to build two new natural gas plants in Kansas by 2030 October 21, 2024 Kansas’ largest electric utility will add two natural gas plants by the end of 2030, the company announced Monday. Evergy, which serves 1.6 million customers in Kansas and Missouri, plans to build combined-cycle natural…
Supreme Court to consider if polluting industries can go court-shopping October 21, 2024 The Supreme Court agreed to hear three cases Monday from industry groups seeking to choose how to fight federal environmental regulations, highlighting a long-running battle over efforts to pick conservative or liberal courts parties believe will be…
World entering the “age of electricity” as demand outpaces all other forms of energy Energize Weekly, October 23, 2024 The world is set to enter the “age of electricity” as demand has grown more quickly than any other energy source and is set to accelerate even more, according to the…
DOE’s No 2: Congress needs to move on permitting reform 10/15/2024 Biden administration officials often tout their historic clean energy investments and how they’re creating real, long-lasting momentum in the fight against climate change. But one of those officials, Deputy Energy Secretary David Turk, also has a warning about that…
New EPA Regulations Could Hinder Gas Plant Construction 10/14/2024 In April, the Environmental Protection Agency (EPA) finalized four significant regulations aimed at coal and natural gas-fired power plants (Power Plant Rules). The rules address air emissions, including greenhouse gasses (GHGs) and air toxics, wastewater discharge and ash disposal from coal-fired…
Google signs deal with nuclear company as data center power demand surges Oct 14 2024 Google said Monday that it will purchase power from small modular reactor developer Kairos Power, as tech companies increasingly turn to nuclear power as a way to fulfill the growing energy demands from data centers.…
NYPA’s internal probe of security breach at Moses-Saunders Power Dam Oct. 14, 2024 One year ago a man was able to walk across the Moses-Saunders Power Dam near Massena and illegally enter the U.S. from Canada. Now, 7News has the details of an internal investigation. Titled “Privileged and Confidential,” a…
U.S. natural gas-fired electricity generation set new daily records in summer 2024 October 8, 2024 U.S. natural gas-fired power plants generated more than 7 million megawatthours (MWh) of electricity on August 2, 2024, according to our Hourly Electric Grid Monitor, making up almost half of all electricity generated in the…
The Country’s Second-Largest Coal Plant May Get a Three-Year Reprieve From Retirement. Why? October 4, 2024 Duke Energy is proposing a three-year extension for the Gibson power plant in southwest Indiana, the second-largest coal-fired power plant in the country. Gibson, originally scheduled to close in 2035, would remain open until…
Load Growth To Drive Earnings At American Electric Power Oct. 07, 2024 American Electric Power Company (NASDAQ:AEP) is well positioned to outperform the market with a superior blend of growth and value. Incremental power demand in AEP’s markets creates a potentially decades long runway of above normal rate base growth,…
New York awards $24M for 26 clean energy innovation projects October 07, 2024 The New York State Energy and Research Development Authority (NYSERDA) awarded $24 million for 26 innovation projects in multiple clean energy sectors on Oct. 3. The projects were selected through NYSERDA’s Innovation program, which is dedicated to…
Shuttered nuclear plants get a new lease on life thanks to power demands of data centers Energize Weekly, October 9, 2024 Aging – and even shuttered – nuclear power plants are getting a new lease on life, thanks to the growing demand for electricity from data centers and artificial intelligence.…
US to unveil first of two decisions on more solar tariffs September 30, 2024 U.S. trade officials this week may impose new tariffs on solar panels from four Southeast Asian nations that American manufacturers have complained employ unfair subsidies that make U.S. products uncompetitive. The announcement, due on Tuesday, is…
Wartsila to provide critical balancing capability for new Kentucky power plant September 26, 2024 Technology group Wärtsilä will supply the engineering and equipment for a new power plant project to be installed in Madisonville, Kentucky, USA. The order has been placed by Kentucky Municipal Energy Agency (KYMEA) and was booked…
Michigan nuclear plant finalizes federal loan to support first reactor restart in U.S. history Sep 30 2024 The Palisades nuclear plant in Michigan has closed a $1.5 billion loan to support the first reactor restart in U.S. history, the Department of Energy announced Monday. Palisades’ owner, Holtec International, hopes to…
Eversource Energy Completes Exit of Offshore Wind Business September 30, 2024 Eversource Energy (NYSE: ES) today announced that it has completed the sale of its 50 percent interest in the 132-megawatt South Fork Wind project (South Fork Wind) and the 704-megawatt Revolution Wind project (Revolution Wind) to Global Infrastructure Partners…
Minnesota Power Announces Two Large Solar Projects Totaling Over 200 MW in Northern Minnesota 24th September 2024 Minnesota Power, a division of ALLETE Inc. has announced plans to build two major solar projects in northern Minnesota, advancing its commitment to a cleaner energy future while prioritizing regional renewable energy investments.…
Three Mile Island nuclear plant will reopen to power Microsoft data centers September 20, 2024 Three Mile Island, the power plant near Middletown, Pa., that was the scene of the worst commercial nuclear accident in U.S. history, will reopen to power Microsoft’s data centers, which are responsible for powering the…
The UK helped usher in the coal era – now it’s closing its last remaining plant Sep 23, 2024 By the end of the month, the United Kingdom is set to shutter its last operating coal-fired power plant. The Ratcliffe-on-Soar power station in Nottinghamshire is slated to close on September…
Governor Gianforte Celebrates Nearly $1 Billion Energy Investment in Montana September 20 2024 Governor Greg Gianforte yesterday cut the ribbon on NextEra Energy Resources’ Clearwater Wind Energy Center in Miles City and celebrated the company’s nearly $1 billion investment in Montana. “We’re ramping up energy production in Montana with our…
Electric rates rise with weather risks, the energy transition, and growing load growth Energize Weekly, September 25, 2024 After a decade of relatively flat rates, electricity prices surged in 2022 and have continued to rise to pay for the country’s energy transition, upgrading an aging grid, and meeting an increasing…
NTEC receives DOE funding to study Four Corners carbon capture September 16, 2024 A minority owner of the Four Corners Power Plant received federal funding to study retrofitting the coal-fired generating station with carbon capture technology. The Navajo Transitional Energy Company—an enterprise division of the Navajo Nation—announced this week that…
1st molten salt nuclear reactor in 30 years gains historic permit from US Agency Sep 17, 2024 The US Nuclear Regulatory Commission (NRC) has granted Abilene Christian University (ACU) the construction permit for an advanced nuclear reactor called the Natura MSR-1. This is the first liquid salt-fueled reactor ever licensed…
Google, Amazon, Meta and Microsoft balk at Ohio utility’s demand they pay for electric grid upgrades to support AI rollout Sep. 16, 2024 Google, Amazon, Microsoft and Meta have banded together to fight an Ohio utility that wants them to pay for upgrades to the electric grid that will be…
Federal $500M bailout for Muskrat Falls power delays to keep N.S. rate hikes in check September 17, 2024 Ottawa is negotiating a $500-million bailout for Nova Scotia’s privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates. Federal Natural Resources Minister Jonathan…
Renewables, cleantech sector will grow regardless of who wins the U.S. presidential election Energize Weekly, September 18, 2024 The results of the U.S. presidential election – even if there is a victory by Donald Trump – will likely not derail growth in the renewable energy and cleantech sectors, according to…
Appalachian Power to get $5 million for Claytor hydroelectric upgrades September 9, 2024 Appalachian Power will receive $5 million in federal funding to upgrade its Claytor hydroelectric plant on the New River in Pulaski County. Virginia’s second-largest electric utility will use the money to help pay for replacing original equipment…
Entergy Mississippi begins building new natural gas power station September 05, 2024 Entergy Mississippi LLC, which provides electricity to roughly 459,000 customers in 45 counties across the state, is building a new power station for the first time in 50 years. The new natural gas power station is expected to…
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.…
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…
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…
Global clean tech and power market M&A led in 2024 by electricity generation deals Energize Weekly, September 11, 2024 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.…
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…
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,…
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…
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.…
When are Colorado’s last coal-fired power plants closing? Aug 27, 2024 Coal may be on its way out in Colorado’s power picture, but it’s definitely still here. About a third of Colorado’s electricity is still generated by 10 coal-fired power units around the state. That should drop to zero by…
Why Mississippi coal is powering Georgia’s data centers Aug 27, 2024 Last October, Georgia Power approached regulators with what it said was a crisis. Unless they did something soon, they discovered, the growing demand for electricity would outpace production sometime in the winter of 2025. Georgia’s Governor Brian Kemp and…
ERCOT successfully navigates heat wave, new peak demand record Aug 26, 2024 Despite record temperatures last week and a new peak demand record, the Electric Reliability Council of Texas said it was able to maintain service without conservation requests, which it required last summer. Large additions of renewables and battery…
FERC rejects Basin Electric’s bid for special cryptocurrency mine and large load rates Energize Weekly, August 28, 2024 The Basin Electric Power Cooperative’s plan for special rates for cryptocurrency mines and other large loads was rejected by the Federal Energy Regulatory Commission (FERC), which said the co-op had not proved…
Natron plans $1.4 bln sodium-ion battery plant in North Carolina August 15, 2024 Natron Energy said on Thursday it planned to invest $1.4 billion in a sodium-ion battery manufacturing plant in North Carolina, potentially raising the company’s production capacity by 40 times. The facility, located in Edgecombe County of the…
North Omaha coal plant transitioning to natural gas by 2026 Aug 20, 2024 The north Omaha coal plant is moving away from using coal. The president and CEO of the Omaha Public Power District said during a committee meeting Monday that the plant will be transitioning to natural gas in…
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