Energy Secretary Perry Tells Trump He is Resigning

Credit to Author: Darrell Proctor| Date: Thu, 17 Oct 2019 21:47:01 +0000

The post Energy Secretary Perry Tells Trump He is Resigning appeared first on POWER Magazine.

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 […]

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FERC Backs First Compliance Filings on Energy Storage Rule

Credit to Author: Darrell Proctor| Date: Thu, 17 Oct 2019 20:56:57 +0000

The post FERC Backs First Compliance Filings on Energy Storage Rule appeared first on POWER Magazine.

The energy storage market received a boost Oct. 17 when the Federal Energy Regulatory Commission (FERC) approved the first two compliance filings implementing Order 841, a rule the commission said is designed to eliminate market barriers to electricity storage. Order 841 was enacted in February 2018. The measure directs regional power grid operators to establish […]

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EV-Based Virtual Power Plants Shift Peak Load and Save Money

Credit to Author: Aaron Larson| Date: Thu, 17 Oct 2019 15:45:10 +0000

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A recent study found that electric vehicle (EV) batteries used as a utility virtual power plant (VPP) could shift the entire residential peak load to nighttime hours with only 10% EV market saturation. The research was conducted by Jackson Associates, an Orlando, Florida-based firm that does energy forecasting, data development, and energy-related analysis. The study […]

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Financially Flailing Eskom Scrambles to Complete Defect-Ridden Coal Plants

Credit to Author: Sonal Patel| Date: Thu, 17 Oct 2019 14:53:46 +0000

The post Financially Flailing Eskom Scrambles to Complete Defect-Ridden Coal Plants appeared first on POWER Magazine.

South Africa’s state-owned utility Eskom was forced to slash 2,000 MW on a rotational basis nationwide on Oct. 16 and Oct. 17. The newest round of power cuts—the first in nearly seven months—highlight the state-owned utility’s scramble to avert financial disaster stemming in part from the fast-tracked construction of two 4.8-GW coal-fired power plants: Medupi […]

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Moody’s: Carbon Concerns Denting Merchant Coal Refinancing Prospects

Credit to Author: Sonal Patel| Date: Thu, 17 Oct 2019 14:37:42 +0000

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Environmental, social, and governance (ESG) risks are diminishing the number of potential investors in U.S. merchant coal projects, and that is putting more pressure on already squeezed coal plant economics, Moody’s Investors Service said in a new sector report.   The U.S. merchant coal plants, which are already grappling with persistently low power prices that […]

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Tiny Underwater Robot Has Big Impact at Endesa’s Thermal Power Plants

Credit to Author: Sonal Patel| Date: Thu, 17 Oct 2019 14:33:02 +0000

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Spain’s largest electric utility Endesa has successfully tested a new remotely operated vehicle (ROV) that it says will make inspection and maintenance in fully or partially submerged environments at its thermal power plants less costly and more efficient. The underwater robot, which was custom manufactured by Spanish startup NIDO Robotics for Endesa’s applications, is about […]

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Small Modular Reactors Have High-Level Support

Credit to Author: Aaron Larson| Date: Thu, 17 Oct 2019 13:03:58 +0000

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U.S. Department of Energy (DOE) Secretary Rick Perry is headed to Brussels, Belgium, to promote small modular reactor (SMR) concepts to European Union (EU) prospects. Perry will be a featured speaker during the “1st U.S.-EU High-Level Industrial Forum on Small Modular Reactors,” which will be held Oct. 21. “The U.S. and the EU share a […]

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Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm

Credit to Author: Darrell Proctor| Date: Wed, 16 Oct 2019 18:25:06 +0000

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The evolving landscape of power includes not only new types of generation, but also involves new investors, including some of the most well-known names in global business. Bill Gates, who co-founded Microsoft with the late Paul Allen, formed Breakthrough Energy Ventures (BEV) in 2016, a group that supports battery energy storage, nuclear power innovation, geothermal, […]

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Exelon Utilities’ CEO Retires as Federal Investigation Continues

Credit to Author: Darrell Proctor| Date: Tue, 15 Oct 2019 23:35:34 +0000

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The CEO of major U.S. energy company Exelon Utilities retired on Oct. 15, leaving the company as federal officials investigate Exelon’s lobbying activities the Illinois State Capitol. The retirement of Anne Pramaggiore, 61, who became CEO of Exelon Utilities in 2018, comes less than a week after Exelon subsidiary Commonwealth Edison (ComEd), Illinois’ largest utility, […]

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Uptake of GE’s Biggest Wind Turbines Gain Traction

Credit to Author: Sonal Patel| Date: Thu, 10 Oct 2019 13:33:55 +0000

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GE Renewable Energy has made major gains in orders for its 5.3-MW Cypress onshore wind turbine and the 12-MW Haliade-X offshore wind turbine. Prototypes of both are still being tested in the Netherlands. Key Contracts for Innovative 5-MW Onshore Machine  The GE business division introduced the first turbine in the Cypress platform, a 4.8-MW machine, […]

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