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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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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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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Judge: Court Will Consider Rival Proposal for PG&E Reorganization

Credit to Author: Darrell Proctor| Date: Thu, 10 Oct 2019 01:00:21 +0000

The post Judge: Court Will Consider Rival Proposal for PG&E Reorganization appeared first on POWER Magazine.

A federal bankruptcy judge on Oct. 9 ruled that Pacific Gas & Electric (PG&E), California’s largest utility, does not have the sole right to determine the terms of its reorganization. Judge Dennis Montali said those who support a rival proposal, which was devised by a group of the utility’s creditors, can have their plan considered. […]

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Distress and Deals Continue to Persist in Energy Sector

Credit to Author: Aaron Larson| Date: Mon, 07 Oct 2019 20:11:59 +0000

The post Distress and Deals Continue to Persist in Energy Sector appeared first on POWER Magazine.

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]

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Researchers: $71 Billion of Japan’s Coal Assets at Risk

Credit to Author: Darrell Proctor| Date: Mon, 07 Oct 2019 20:02:02 +0000

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Research from the University of Tokyo, along with that of two other groups, shows Japan’s coal-fired power plant fleet is at economic risk as the country adds more generation from renewable energy resources such as solar and wind. The report, called “Land of the Rising Sun and Offshore Wind,” released Oct. 6 and based on […]

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Reports: Perry Will Resign as Head of DOE

Credit to Author: Darrell Proctor| Date: Fri, 04 Oct 2019 16:13:28 +0000

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Several news outlets on Oct. 4 report that Energy Secretary Rick Perry could step down from that role as soon as November. The Washington Post on Friday said Perry plans to step down by year-end and return to the private sector. The Post cited four unnamed individuals who it said had been briefed on Perry’s […]

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EIA: Renewables Will Account for Half of Global Power Generation by 2050

Credit to Author: Darrell Proctor| Date: Wed, 02 Oct 2019 15:27:12 +0000

The post EIA: Renewables Will Account for Half of Global Power Generation by 2050 appeared first on POWER Magazine.

Solar power is expected to take a larger share of global power generation across the next 30 years, according to the U.S. Energy Information Administration (EIA), as renewable energy continues to be adopted worldwide. The EIA’s International Energy Outlook 2019 (IEO2019), released Oct. 2, shows 28% of the world’s power came from renewables in 2018, […]

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GE Unveils New H-Class Gas Turbine—and Already Has a First Order

Credit to Author: Sonal Patel| Date: Wed, 02 Oct 2019 13:29:24 +0000

The post GE Unveils New H-Class Gas Turbine—and Already Has a First Order appeared first on POWER Magazine.

GE on Oct. 1 unveiled the 7HA.03, the newest model in its 2014-launched high efficiency air-cooled (HA) gas turbine line. On Oct. 2, it also announced that Florida Power and Light’s (FPL’s) Dania Beach Clean Energy Center will be the first to showcase two of the “world’s largest, most efficient, and flexible gas turbines” for the 60-Hz […]

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