Risks and Opportunities: It’s an Interesting Time to Be in the Power Industry

Credit to Author: Aaron Larson| Date: Fri, 01 Jul 2022 04:11:00 +0000

War rages in Europe. Natural gas prices are through the roof. Drought threatens hydro production. Weather extremes are becoming commonplace. Supply chains are strained. Demand for electricity is headed

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Australian Energy Crisis Prompts Suspension of National Electricity Market

Credit to Author: Sonal Patel| Date: Thu, 16 Jun 2022 19:35:38 +0000

The Australian Energy Market Operator (AEMO) on June 15 indefinitely suspended spot markets in all regions of its National Electricity Market (NEM), citing critical power generation supply shortfalls that it said made it “impossible to continue” operations under national electricity rules. AEMO—the independent system operator (ISO) that operates the competitive market serving New South Wales, […]

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Massive Utah Hydrogen Storage Project Garners Finalized $504M DOE Loan Guarantee

Credit to Author: Sonal Patel| Date: Thu, 09 Jun 2022 11:36:08 +0000

The Department of Energy’s (DOE’s) first official loan guarantee for a new clean energy technology project since 2014 will go to the Advanced Clean Energy Storage 1 project in Utah—one of the world’s largest renewable hydrogen energy projects.  The DOE on June 8 announced it closed on the $504.4 million loan guarantee for the first […]

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GE Debuts First 7HA.03 Gas Turbines at 1.3-GW Plant in Florida

Credit to Author: Sonal Patel| Date: Wed, 08 Jun 2022 14:47:03 +0000

The first two GE 7HA.03 machines—the largest 60-Hz heavy-duty gas turbines in the world and the most efficient in GE’s fleet—are now operational at Florida Power & Light’s (FPL’s) newly inaugurated 1,260-MW Dania Beach Clean Energy Center (DBEC) in Broward County.  FPL officially declared the Dania Beach Clean Energy Center near Fort Lauderdale, Florida, commercially […]

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California Drought Could Severely Limit Hydropower This Summer

Credit to Author: Sonal Patel| Date: Thu, 02 Jun 2022 15:09:07 +0000

Drought in California could nearly halve the state’s hydroelectric generation this summer, pushing up wholesale power prices in the West, and forcing the state to rely on natural gas generation and out-of-state imports, the Energy Information Administration (EIA) projects in a new analysis. The EIA suggests in a supplement to its May 2022–released Short-Term Energy Outlook […]

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The Vital Link: How HVDC Is Modernizing the Grid

Credit to Author: Sonal Patel| Date: Wed, 01 Jun 2022 04:16:00 +0000

Significant advances in high-voltage direct current (HVDC) transmission are in step with rapid changes to energy systems worldwide. Shortly after POWER magazine began publication in 1882, the competitive

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Vermont and ISO-New England Provide an Interesting Renewable Energy Transition Case Study

Credit to Author: Aaron Larson| Date: Wed, 01 Jun 2022 04:14:00 +0000

Vermont doesn’t get a lot of attention outside of Bernie Sanders, but the state’s power system is worth taking a look at as it has undergone a notable shift toward renewable energy. About 80% of

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New Life for Dead and Dying Coal Plants?

Credit to Author: Kennedy Maize| Date: Wed, 01 Jun 2022 04:09:00 +0000

As coal plants are retired, power companies must decide what to do with sites. Some old plants have been added to the National Register of Historic Places and repurposed as commercial or office space, while

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NERC Warns of Mounting Reliability Risks, Urges Preparation for Challenging Summer

Credit to Author: Sonal Patel| Date: Thu, 19 May 2022 20:10:17 +0000

An unprecedented array of risks—ranging from capacity shortfalls, extreme weather, extended drought, supply chain issues, cybersecurity, solar PV tripping, fuel constraints, to wildfires—could imperil the reliability of nearly every North American bulk power system (BPS) region west of the Midcontinent Independent System Operator (MISO) this summer, the North American Electric Reliability Corp. (NERC) warns in […]

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SRP Warns Arizona Regulator Reliability at Risk by 2024 without Gas Plant Expansion

Credit to Author: Sonal Patel| Date: Thu, 19 May 2022 14:25:04 +0000

Salt River Project Agricultural Improvement and Power District (SRP) is seeking a rehearing and reconsideration of the Arizona Corporation Commission’s (ACC’s) denial of a major gas power plant expansion, which the public power utility has stressed will be crucial for near-term system reliability and long-term renewable integration.  In a filing on May 16, SRP urged […]

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