Wednesday, November 30, 2022

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Mitsubishi Will Upgrade Gas Turbines at Singapore Plant

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Credit to Author: Darrell Proctor| Date: Wed, 30 Nov 2022 15:15:49 +0000

Tuas Power Generation will upgrade two of the four operating turbines at a gas-fired power plant in Singapore, part of the company’s efforts to make the facility more efficient and support government efforts to decarbonize the country’s power generation sector. Mitsubishi Power, part of Mitsubishi Heavy Industries, on Nov. 30 said it received a contract […]

The post Mitsubishi Will Upgrade Gas Turbines at Singapore Plant appeared first on POWER Magazine.

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Chinese Groups Unveil World’s Largest Offshore Wind Turbine

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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 […]

The post Chinese Groups Unveil World’s Largest Offshore Wind Turbine appeared first on POWER Magazine.

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

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

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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 […]

The post Labor Department Shuns Trump-Era ‘Anti-ESG’ Measures appeared first on POWER Magazine.

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

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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 […]

The post Labor Department Shuns Trump-Era ‘Anti-ESG’ Measures appeared first on POWER Magazine.

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How Does Uranium Price Increase Affect Nuclear Power Plant Profitability?

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

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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 […]

The post How Does Uranium Price Increase Affect Nuclear Power Plant Profitability? appeared first on POWER Magazine.

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

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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 […]

The post DOE Grants First-Round Civil Nuclear Credit Award—$1.1B—to Diablo Canyon  appeared first on POWER Magazine.

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Rep. Atayde urges fast-tracking of anti-flooding projects

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Credit to Author: Tempo Desk| Date: Wed, 23 Nov 2022 03:08:03 +0000

Quezon City District 1 (QCD1) Rep. Juan Carlos “Arjo” Atayde on Tuesday urged the government to prioritize flood control measures with paralyzing floods becoming more frequent in Metro Manila. He also urged the immediate designation of a “Flooding Czar” to focus on the management and completion of the same. In a privilege speech delivered on […]

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

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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 […]

The post NRC Begins Construction Permit Review for Pioneering Nuclear Molten Salt Research Reactor  appeared first on POWER Magazine.

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

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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 […]

The post Russia Says Construction of Egypt’s First Nuclear Plant Ahead of Schedule appeared first on POWER Magazine.

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NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter

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Credit to Author: Sonal Patel| Date: Thu, 17 Nov 2022 22:58:27 +0000

Power shortfalls could be rife over the next three months across a large portion of the North American bulk power system (BPS), particularly during extreme and prolonged cold conditions, the North American Electric Reliability Corp. (NERC) has warned. The nation’s designated Electric Reliability Organization (ERO) in its latest Winter Reliability Assessment, issued on Nov. 17, said […]

The post NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter appeared first on POWER Magazine.

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