PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap

Credit to Author: Sonal Patel| Date: Wed, 29 Jan 2025 20:45:39 +0000

PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJM’s capacity market pricing, agreeing to lower the grid operator’s auction price cap from over $500/MW-day to $325/MW-day. […]

The post PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap appeared first on POWER Magazine.

Fig 3_PJM control room

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NextEra Eyes Restart of Shuttered Nuclear Plant, Partners with GE Vernova on Gas Power Expansion

Credit to Author: Sonal Patel| Date: Fri, 24 Jan 2025 18:47:19 +0000

Facing a projected surge in power demand across the country, NextEra Energy is taking steps to potentially restart its shuttered 615-MW Duane Arnold nuclear plant in Iowa as early as […]

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The Duane Arnold Energy Center, Iowa’s only nuclear power plant, began commercial operation in February 1975. Located in Palo, Iowa, about 9 miles northwest of Cedar Rapids, it was built in a low-seismic-risk area near the Cedar River and designed to withstand major flooding. After a derecho in August 2020 caused severe damage to its cooling towers, the 615-MW facility was retired earlier than its planned date in 2025. Originally licensed to operate until 2034, the plant is now undergoing decommissioning under the NRC’s SAFSTOR method. Courtesy: NextEra Energy

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Nuclear-Gas Synergy: Oklo and RPower Unveil Phased Model to Address Data Center Power Demands

Credit to Author: Sonal Patel| Date: Fri, 17 Jan 2025 13:37:20 +0000

Advanced nuclear technology firm Oklo is partnering with Texas-based prime and backup solutions company RPower to roll out an innovative “phased energy model” that will combine natural gas and nuclear […]

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Oklo_Aurora_powerhouse_arctic_night_rendering

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Cuba Hit by Nationwide Blackout, Restoration Achieved in 24 Hours

Credit to Author: Amaury Perez Sanchez| Date: Thu, 05 Dec 2024 19:19:53 +0000

Cuba suffered another massive blackout on Wednesday, Dec. 4—the latest in a series of devastating grid disruptions that have plagued the island in recent years. While authorities reported swift restoration—completed […]

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Fig2-Location-of-thermal-power-plants-in-Cuba

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