Chinese Groups Unveil World’s Largest Offshore Wind Turbine

Credit to Author: Darrell Proctor| Date: Thu, 24 Nov 2022 15:57:03 +0000

Two Chinese companies announced production of the largest offshore wind turbine built to date, a 16-MW unit developed by China Three Gorges (CTG) and Goldwind. The groups on Nov. 24 showed off the turbine at a factory in Fujian province. The turbine has a 252-meter rotor diameter, with a 50,000-meter sweep area. The hub height […]

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Labor Department Shuns Trump-Era ‘Anti-ESG’ Measures

Credit to Author: Sonal Patel| Date: Wed, 23 Nov 2022 20:20:39 +0000

money-deal-merger-acquisition

The Biden administration has reversed a controversial Trump-era rule that barred plan fiduciaries from considering climate change and other environmental, social, and governance (ESG) factors when choosing retirement investments and exercising shareholder rights, such as proxy voting.  A final rule issued by the Department of Labor (DOL) on Nov. 22 removes restrictions issued in two […]

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Labor Department Shuns Trump-Era ‘Anti-ESG’ Measures

Credit to Author: Sonal Patel| Date: Wed, 23 Nov 2022 20:20:39 +0000

money-deal-merger-acquisition

The Biden administration has reversed a controversial Trump-era rule that barred plan fiduciaries from considering climate change and other environmental, social, and governance (ESG) factors when choosing retirement investments and exercising shareholder rights, such as proxy voting.  A final rule issued by the Department of Labor (DOL) on Nov. 22 removes restrictions issued in two […]

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How Does Uranium Price Increase Affect Nuclear Power Plant Profitability?

Credit to Author: Aaron Larson| Date: Wed, 23 Nov 2022 18:52:31 +0000

uranium-bull-market-chart-with-events-labels-Sprott

Uranium has been one of the best-performing asset classes in 2022, according to data supplied by HANetf’s Sprott Uranium Miners UCITS ETF (URNM). In fact, the uranium spot price has increased 24.12% during the year through Oct. 31, according to the fund. October was a particularly strong month for uranium oxide (U3O8), which is used […]

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DOE Grants First-Round Civil Nuclear Credit Award—$1.1B—to Diablo Canyon 

Credit to Author: Sonal Patel| Date: Wed, 23 Nov 2022 16:12:24 +0000

The Department of Energy’s (DOE’s) first round of funding from its $6 billion Civil Nuclear Credit (CNC) Program is poised to go to Diablo Canyon Power Plant, California’s only operational nuclear plant. Pacific Gas & Electric  (PG&E), Diablo Canyon’s owner, could receive up to $1.1 billion in credits to extend the 2.2-GW plant’s operation for […]

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The POWER Interview: Energy Storage for Commercial, Residential Electrification

Credit to Author: Darrell Proctor| Date: Wed, 23 Nov 2022 14:33:04 +0000

Energy storage systems (ESS) are expanding far beyond the batteries being deployed at power plants, at substations, in microgrids, or at locations along the power grid to support the electricity transmission and distribution network. Systems for commercial and industrial enterprises, and increasingly by homeowners for residential use, are helping lead the expansion of energy storage. […]

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The POWER Interview: Energy Storage for Commercial, Residential Electrification

Credit to Author: Darrell Proctor| Date: Wed, 23 Nov 2022 14:33:04 +0000

Energy storage systems (ESS) are expanding far beyond the batteries being deployed at power plants, at substations, in microgrids, or at locations along the power grid to support the electricity transmission and distribution network. Systems for commercial and industrial enterprises, and increasingly by homeowners for residential use, are helping lead the expansion of energy storage. […]

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The Next Step for Utilities in Workforce Transformation

Credit to Author: Gary McAuliffe| Date: Mon, 21 Nov 2022 18:31:28 +0000

Hurricane Ian, which struck Florida in late September last year, was a devastating storm and a harsh reminder of the impact of Mother Nature’s wrath. Unfortunately, extreme weather events are becoming more frequent and powerful, and our aging grid is struggling to keep up. COMMENTARY Sanibel Island on Florida’s west coast, for example, lost power […]

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NRC Begins Construction Permit Review for Pioneering Nuclear Molten Salt Research Reactor 

Credit to Author: Sonal Patel| Date: Mon, 21 Nov 2022 17:18:13 +0000

The Nuclear Regulatory Commission (NRC) has accepted Abilene Christian University’s (ACU’s) construction permit application for a 1-MWth nuclear non-power Molten Salt Research Reactor (MSRR) facility planned for the university’s campus in Abilene, north-central Texas. The acceptance—which essentially marks the NRC “docketing” of the application—formally kicks off the regulatory agency’s review of ACU’s proposed Nuclear Energy […]

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Russia Says Construction of Egypt’s First Nuclear Plant Ahead of Schedule

Credit to Author: Darrell Proctor| Date: Sun, 20 Nov 2022 16:33:04 +0000

Officials from Russia and Egypt marked another milestone in construction of the latter’s first nuclear power plant, with a ceremony Nov. 19 to announce pouring of the “first concrete” for Unit 2 of the El-Dabaa Nuclear Power Plant (NPP). Saturday’s event came three weeks after a construction permit was issued for that unit by the Egyptian […]

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