Holtec seeks $7.4 billion loan for expansion tied to new reactor Jan. 9, 2023 Holtec International Inc. has applied for a $7.4 billion federal loan to fund expansion expected from future sales of a company-designed nuclear reactor. Holtec would tap the loan to boost capacity to make parts at its…
Meet the renewable energy source poised for growth with the help of the oil industry
Meet the renewable energy source poised for growth with the help of the oil industry 01/01/2023 One of the oldest forms of clean power is ready for a comeback — and it’s not wind or solar. Geothermal energy — the technology that harnesses the heat beneath the Earth’s crust —…
Sweden turns to France as it looks to buy two new nuclear reactors
Sweden turns to France as it looks to buy two new nuclear reactors January 3, 2023 Sweden and France could be set to join forces to build new nuclear power stations in the Nordic nation, to boost domestic power production and guarantee security of supply. Swedish Prime Minister Ulf Kristersson…
Developer of 1,200 MW offshore wind farm asks Massachusetts regulators to dismiss PPAs
Developer of 1,200 MW offshore wind farm asks Massachusetts regulators to dismiss PPAs 12.19.2022 The developer of Commonwealth Wind in Massachusetts asked state regulators to dismiss their review of power purchase agreements tied to the 1,223 MW offshore wind farm. Avangrid has cited economic conditions such as supply chain disruptions,…
Entergy Louisiana files proposed 10-year Entergy Future Ready resilience plan
Entergy Louisiana files proposed 10-year Entergy Future Ready resilience plan 12/19/2022 Today, Entergy Louisiana filed its proposed Phase I Entergy Future Ready resilience plan with the Louisiana Public Service Commission. Phase I seeks approval of the first five years of a 10-year resilience plan that would aim to accelerate the…
Holtec to reapply for funding to restart Palisades
Holtec to reapply for funding to restart Palisades 20 December 2022 Holtec agreed in 2018 to purchase the plant for decommissioning from operator Entergy, completing the acquisition in June. In July, Holtec – with the support of Governor of Michigan Gretchen Whitmer – submitted an application for funding under the…
DTE Energy retires two coal plants as part of its vision to generate carbon-free power for the grid of the future
DTE Energy retires two coal plants as part of its vision to generate carbon-free power for the grid of the future December 08, 2022 DTE Energy (NYSE:DTE), Michigan’s largest producer of clean energy, today announced the retirement of two coal-fired power plants, bringing Southeast Michigan closer to a carbon-free future…
Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says
Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says Energize Weekly, December 14, 2022 On-peak wholesale and retail electricity prices are set to rise across the country this winter, with some regional wholesale rates jumping as much as 60 percent compared to…
Renewables to overtake coal and become world’s biggest source of electricity generation by 2025, IEA says
Renewables to overtake coal and become world’s biggest source of electricity generation by 2025, IEA says DEC 6 2022 Renewables are on course to overtake coal and become the planet’s biggest source of electricity generation by the middle of this decade, according to the International Energy Agency. The IEA’s Renewables…
Utility recommends natural gas plant despite objections
Utility recommends natural gas plant despite objections Dec 2, 2022 The nation’s largest public utility on Friday recommended replacing an aging coal burning power plant with natural gas, ignoring calls for the Tennessee Valley Authority to speed its transition to renewable energy. TVA announced the completion of its environmental impact…
Department of Energy rejects Holtec International’s plan to restart Palisades Nuclear Power Plant
Department of Energy rejects Holtec International’s plan to restart Palisades Nuclear Power Plant Dec 6, 2022 No second life for Palisades: after applying for a Civil Nuclear Credit program, the United States Department of Energy rejected Holtec International’s plan to restart the decommissioned facility. “Obviously, it was disappointing news when…
Experts say Virginia is capable of building a small modular nuclear reactor today if approvals were in place
Experts say Virginia is capable of building a small modular nuclear reactor today if approvals were in place November 28, 2022 It would likely take a decade to place a small modular nuclear reactor in Southwest Virginia as Gov. Glenn Youngkin has proposed, but nuclear experts say the technology is…
Highway charging stations for EVs may need as much electricity as a small town
Highway charging stations for EVs may need as much electricity as a small town Energize Weekly, November 30, 2022 A growing number of electric cars and trucks on highways will by 2035 require charging stations demanding the same power as an outdoor sports arena or even a small town, according…
OW, Shell defend viability of 1.2GW Mayflower Wind
OW, Shell defend viability of 1.2GW Mayflower Wind 21 November 2022 Ocean Winds and Shell have reaffirmed that their 1.2GW Mayflower offshore wind farm off the US East Coast remains “viable” after regulators raised concerns over their commitment to the project. In a filing to the Massachusetts Energy Facilities Siting…
Biden grants PG&E $1.1 billion to keep Diablo Canyon nuclear plant open
Biden grants PG&E $1.1 billion to keep Diablo Canyon nuclear plant open NOV 21 2022 The Biden administration on Monday said it’s providing Pacific Gas & Electric Co. with a $1.1 billion grant to help the company prevent the closure of Diablo Canyon, California’s last nuclear power plant. Diablo Canyon…
U.S. grid faces “unprecedented” risk of electricity shortfalls this winter, NERC warns
U.S. grid faces “unprecedented” risk of electricity shortfalls this winter, NERC warns Energize Weekly, November 23, 2022 A large swatch of the U.S. electricity grid – in Texas, the Midwest, Southeast and New England – is at risk of being unable to provide adequate power in the face of extreme…
NET Power Natural Gas Generating Plant Captures Its Own Emissions
NET Power Natural Gas Generating Plant Captures Its Own Emissions Nov. 14, 2022 NET Power, based in Durham, North Carolina, has developed a new way to make electricity by burning natural gas that it says is cheaper than conventional gas generation. That’s good news, sort of, but the real benefit…
As Europe Quits Russian Gas, Half of France’s Nuclear Plants Are Off-Line
As Europe Quits Russian Gas, Half of France’s Nuclear Plants Are Off-Line Nov. 15, 2022 An army of engineers has fanned out through nuclear power plants across France in recent months, inspecting reactors for signs of wear and tear. Hundreds of expert welders have been recruited to repair problems found…
Spurred by high commodity prices, energy production revenues on federal lands surge
Spurred by high commodity prices, energy production revenues on federal lands surge Energize Weekly, November 16, 2022 Energy production on federal lands and offshore areas in 2022 generated $22 billion for the federal and state governments – the highest in revenues since 2008 and second highest in 39 years, according…
DTE looks to close Monroe Power Plant in 2028, ahead of earlier planned date of 2040
DTE looks to close Monroe Power Plant in 2028, ahead of earlier planned date of 2040 Nov. 7, 2022 DTE Energy unveiled a new 20-year plan that includes increasing solar and wind energy while reducing reliance on coal, which translates into closing the Monroe Power Plant by 2028. According to…
PNM customers continue to pay for San Juan coal plant that’s no longer operating
PNM customers continue to pay for San Juan coal plant that’s no longer operating Nov 7, 2022 In the two months since the San Juan Generating Station shut down in New Mexico, the region’s customers have been paying the same rate for a facility that’s no longer giving them energy.…
Clean power installations hampered by supply and trade issues cool in Q3 of 2022
Clean power installations hampered by supply and trade issues cool in Q3 of 2022 Energize Weekly, November 9, 2022 Wind, solar and storage installations for the third quarter of 2022 were the lowest in three years as developers struggled with supply chain and trade restrictions, according to a market report…
PG&E formally moves to extend life of Diablo Canyon, the last nuclear plant in California
PG&E formally moves to extend life of Diablo Canyon, the last nuclear plant in California NOVEMBER 01, 2022 PG&E Corp. formally asked federal regulators Monday to extend the life of Diablo Canyon, the last operating nuclear plant in California, as part of Gov. Gavin Newsom’s effort to improve reliability of…
Xcel to exit coal nationwide by 2030
Xcel to exit coal nationwide by 2030 October 31, 2022 Xcel Energy plans to stop using coal nationwide by the end of 2030 after announcing Monday that it will speed up retirement of coal-fired units at its Tolk Generating Station in Texas. Xcel said it now plans to retire the…
American Electric Power hit with second subpoena tied to nuclear bailout bill
American Electric Power hit with second subpoena tied to nuclear bailout bill Oct. 28, 2022 American Electric Power has been hit with a second subpoena from federal regulators looking for information tied to the power company’s involvement in the scandal-ridden House Bill 6 legislation enacted three years ago to bail…
War in Ukraine is speeding a global energy transition, hobbling Russian exports, IEA says
War in Ukraine is speeding a global energy transition, hobbling Russian exports, IEA says Energize Weekly, November 2, 2022 Global fossil fuel consumption and greenhouse gas emissions are slowing with oil, coal and natural gas either peaking or reaching a plateau by 2030, according to the International Energy Agency (IEA).…
TVA studies new sites for more nuclear reactors
TVA studies new sites for more nuclear reactors October 22, 2022 The Tennessee Valley Authority was the first utility in the country to obtain an early site permit to build a small modular reactor near the U.S. Department of Energy lab in Oak Ridge. Although the new advanced and smaller…
Inside EPA’s climate strategy for power plants
Inside EPA’s climate strategy for power plants 10/24/2022 EPA’s game plan to comprehensively attack pollution from the coal-fired power industry began to take shape almost immediately following President Joe Biden’s inauguration, recently released records show. In early February 2021, senior EPA appointees briefed White House officials on a strategy that…
Global carbon capture capacity set to grow sixfold by 2030, BloombergNEF says
Global carbon capture capacity set to grow sixfold by 2030, BloombergNEF says Energize Weekly, October 26, 2022 Global carbon capture capacity, with more than $3 billion invested in the technology this year, is set to increase sixfold from current levels by 2030, according to an analysis by energy research firm…
An Alaska Air Base Wants to Build a Micro Nuclear Plant for Backup Power
Alaska Air Base Wants to Build a Micro Nuclear Plant for Backup Power October 17, 2022 Last month, the Air Force issued a request for proposals to construct a 2.5-megawatt micro-reactor at Eielson to supplement its current 20-MW coal-fired heat and power plant that delivers power across the installation on…
Xcel Energy-Colorado positioned to lead clean energy transition, new president says
Xcel Energy-Colorado positioned to lead clean energy transition, new president says October 16, 2022 Robert Kenney took over as President of Xcel Energy-Colorado as the utility sought approval from state regulators for rate increases, a new clean energy plan and a proposal to reduce emissions from its natural gas system.…
Ontario’s electricity sector will need more natural gas generation: report
Ontario’s electricity sector will need more natural gas generation: report October 11, 2022 Ontario plans to secure more natural gas generation in order to fuel an expected surge in demand for electricity, the energy minister said Friday, the latest announcement in what critics describe as a scramble in the face…
Despite pandemic and supply chain problems, utility-scale solar posts a record in 2021
Despite pandemic and supply chain problems, utility-scale solar posts a record in 2021 Energize Weekly, October 12, 2022 A record 12.5 gigawatts (GW) of large, utility-scale photovoltaic solar projects came online in 2021 as the levelized cost of such projects has fallen 85 percent in the last 12 years, according…
PG&E Lays Out Plan to Sell Stake in Generation Capacity
PG&E Lays Out Plan to Sell Stake in Generation Capacity Sept. 29, 2022 PG&E Corp. executives have sketched out a plan to house the company’s non-nuclear generation assets in a new subsidiary, stakes in which could be sold to fund future safety and reliability investments. Representatives of the company’s Pacific…
New York ISO issues long-term system and resource outlook
New York ISO issues long-term system and resource outlook September 26, 2022 The New York Independent System Operator (NYISO) issued a report identifying the amount of electrical system investment required to meet New York State’s long-term climate policy requirements. NYISO’s 2021-2040 System & Resource Outlook, developed in collaboration with stakeholders…
Global coal-fired generation spikes in 2021, even as wind and solar reach new highs
Global coal-fired generation spikes in 2021, even as wind and solar reach new highs Energize Weekly, September 28, 2022 The world recorded an unprecedent spike in coal-fired generation in 2021 – even as wind and solar generation also reached record levels, according to a report by Bloomberg NEF and Bloomberg…
Gas, a ‘bridge fuel,’ dominates U.S. power at any price
Gas, a ‘bridge fuel,’ dominates U.S. power at any price 09/20/2022 Surging natural gas prices normally result in booming coal generation. But 2022 isn’t normal. Power companies are shrugging off the highest gas prices in over a decade as they ramp up electricity generation at U.S. gas plants, which are…
Old coal-fired power plants could gain a second life as sites for nuclear units, DOE says
Old coal-fired power plants could gain a second life as sites for nuclear units, DOE says Energize Weekly, September 21, 2022 Old coal-fired power plants could have an economical, second life as sites for a new generation of nuclear power projects, according to a study by the U.S. Department of…
Could the Nation’s Coal Plant Sites Help Drive a Clean Energy Transition?
Could the Nation’s Coal Plant Sites Help Drive a Clean Energy Transition? SEPTEMBER 13, 2022 The nation’s coal power plant sites that helped build the U.S. economy during the country’s electrification could play a huge role once again in helping the nation transition to clean energy. A new U.S. Department…
Lazarus Hackers Exploiting Log4j Vulnerabilities to Target U.S. Energy Companies
Lazarus Hackers Exploiting Log4j Vulnerabilities to Target U.S. Energy Companies September 9, 2022 North Korean Advanced Persistent Threat (APT) group APT38, also known as the Lazarus group, is targeting energy companies in the U.S., Japan, and Canada. According to Cisco Talos, APT 38 targets VMWare Horizon instances by exploiting the…
Colorado’s Drake Power Plant to Shut for Good After 100 Years: ‘Milestone’
Colorado’s Drake Power Plant to Shut for Good After 100 Years: ‘Milestone’ 9/1/22 A Colorado power station that has operated for almost 100 years shut down for good on Thursday as part of a clean energy transition. The coal-fired Drake Power Station, located in the city of Colorado Springs, has…
Diablo Canyon: Newsom signs bill to keep reactors running at CA’s last operating nuclear power plant
Diablo Canyon: Newsom signs bill to keep reactors running at CA’s last operating nuclear power plant September 3, 2022 Gov. Gavin Newsom signed legislation Friday intended to open the way for California’s last operating nuclear power plant to run an additional five years, a move that he said was needed…
War and pandemic are leading to a surge in government support for fossil fuels, study says
War and pandemic are leading to a surge in government support for fossil fuels, study says Energize Weekly, September 7, 2022 The combination of the COVID pandemic and the war in Ukraine has spurred an almost doubling in government support for fossil fuel production among major economies, according to an…
Texas grid avoids summer blackouts with $1 billion in extra spending
Texas grid avoids summer blackouts with $1 billion in extra spending August 25, 2022 Texas’ electric grid operator has powered through record demand this summer by paying more to keep higher reserves and rewarding industrial consumers to cut usage, a combination that has added more than $1 billion to power…
Onshore and offshore U.S. wind development made big gains in 2021, DOE says
Onshore and offshore U.S. wind development made big gains in 2021, DOE says Energize Weekly, August 31, 2022 Wind generation posted strong performances – both onshore and offshore – in 2021, according to U.S. Department of Energy (DOE) market reports. Land-based wind generation grew by 13.4 gigawatts (GW) in 2021…
Ameren may turn to natural gas to make up for shuttering Rush Island coal plant
Ameren may turn to natural gas to make up for shuttering Rush Island coal plant AUGUST 17, 2022 Ameren Missouri may restart natural gas burners to offset the court-ordered shuttering of a coal-fired power plant that violated federal law, the company told state regulators Wednesday. The St. Louis-based electric utility…
California lawmakers float legislation to keep Diablo Canyon nuclear plant open
California lawmakers float legislation to keep Diablo Canyon nuclear plant open AUG 15 2022 California lawmakers are circulating draft legislation that would keep the state’s last operating nuclear plant, Diablo Canyon, open beyond its planned 2025 closure date, although there are still significant logistical and political challenges ahead before that…
Developers set to add 44 gigawatts of new generation to the U.S. grid, EIA says
Developers set to add 44 gigawatts of new generation to the U.S. grid, EIA says Energize Weekly, August 17, 2022 Fifteen gigawatts (GW) of new utility-scale electric generating capacity were added to U.S. grid in the first half of 2022, with another 29 GW projected to come online by year’s…
Study finds 100% renewables would pay off within 6 years
Study finds 100% renewables would pay off within 6 years AUGUST 8, 2022 New research from Stanford University researcher Mark Jacobson outlines how 145 countries could meet 100% of their business-as-usual energy needs with wind, water, solar and energy storage. The study finds that in all the countries considered, lower-cost…
Sen. Rubio pushes bill to create loan program for electric grid-affiliated manufacturers
Sen. Rubio pushes bill to create loan program for electric grid-affiliated manufacturers August 04, 2022 Responding to ongoing issues in the international supply chain, U.S. Sen. Marco Rubio (R-FL) introduced a bill this week that would compel the U.S. Secretary of Energy to create a loan program for manufacturers of…
