Texas to double $5 billion state fund aimed at expanding the power grid JULY 1, 2024 The state of Texas plans to double a state fund aimed at expanding the power grid as demand for electricity is expected to nearly double over the next six years. The state will look to boost the Texas Energy…
Despite bad weather and forced power plant outages the nation’s grid was reliable in 2023 Energize Weekly, July 3, 2024 Even in the face of extreme weather events and higher rates of forced outages at generating facilities, the U.S.-Canadian electric grid remained “reliable and secure” in 2023, according to the North American Electric Reliability Corp.…
Record temperatures will increase electricity demand, but not natural gas or coal prices Energize Weekly, June 26, 2024 Record temperatures are set to increase electricity demand this summer, but analyses find that a combination of ample gas storage and more renewable generation will help prevent a spike in natural gas prices. “We expect the U.S.…
Ontario’s new energy minister says natural gas plants must stay ‘to help fuel our economy’ June 13, 2024 Ontario’s new energy minister says the fast-growing province can’t afford an “ideological” push to wean its electricity system off fossil fuels even as concerns about climate change mount. “I cannot underscore this enough,” Stephen Lecce said Thursday…
Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says Energize Weekly, June 19, 2024 The scale and speed of the energy transition risks project delays and setbacks leading to cost overruns of 15 percent to 20 percent, equal to $150 billion a year, according to research paper…
NRG Applies to the Texas Energy Fund to Bring Essential Dispatchable Power to ERCOT Jun 10, 2024 Today, NRG Energy Inc. (NYSE: NRG) submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 megawatts (MW) (1.6 Gigawatts) of new quick-start natural gas power generation in the…
AI is poised to drive a doubling in data center electricity demand by 2030, studies say Energize Weekly, June 5, 2024 Data centers, spurred by increased artificial intelligence applications, could double their demand for electricity in the U.S. reaching 9.1 percent of the nation’s electricity load by 2030, according to analysis by the Electric Power…
Coal-Fired Mill Creek Generating Station Readies for New 7HA.03 Gas-Fired Unit Apr 30, 2024 Louisville Gas and Electric Co. and Kentucky Utilities Co. (LG&E and KU) will replace two aging coal generation units at Mill Creek Generating Station in Kentucky—a combined 600 MW—with a 645-MW GE Vernova hydrogen-ready 7HA.03 gas turbine. GE Vernova announced the…
AI could drive a natural gas boom as power companies face surging electricity demand MAY 5 2024 Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle to meet alone. After a decade of flat power growth…
Replacing old coal-fired plants with small nuclear reactors could be an economic boon Energize Weekly, May 8, 2024 The steady pace of coal-fired plant closures in the U.S. is leaving gaps in the economies of dozens of communities and creating risks to electricity reliability. One solution addressing multiple problems could be replacing coal with nuclear…
Internet data centers are fueling drive to old power source: Coal April 17, 2024 A helicopter hovers over the Gee family farm, the noisy rattle echoing inside their home in this rural part of West Virginia. It’s holding surveyors who are eyeing space for yet another power line next to the property — a line…
PacifiCorp scales back renewables April 16, 2024 PacifiCorp, parent company to Wyoming’s largest utility, Rocky Mountain Power, has issued major updates to its Integrated Resource Plan, a blueprint that highlights key changes to the company’s business strategy and its ever-evolving energy portfolio. The update shines a light on the world of public utilities and the…
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