Biden’s DOE Finalizes $15 Billion Loan Guarantee to California’s PG&E

Credit to Author: Darrell Proctor| Date: Fri, 17 Jan 2025 21:17:59 +0000

The Biden administration has finalized a $15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of […]

The post Biden’s DOE Finalizes $15 Billion Loan Guarantee to California’s PG&E appeared first on POWER Magazine.

PG&E

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Investing 101: How to Start Investing as a Newcomer in Canada

Credit to Author: TD| Date: Tue, 07 Jan 2025 19:35:20 +0000

Moving to a new country brings many changes, including probably new ways to manage your financial goals. For newcomers to Canada, investing is one way to help grow your savings. This article may help you understand what investing is, how to prepare, and some investment options available in Canada. What Is Investing?[1] Your Path to […]

The post Investing 101: How to Start Investing as a Newcomer in Canada first appeared on CIC News.

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Why LVOE May Be a Better Decision-Making Tool Than LCOE for Power Companies

Credit to Author: Aaron Larson| Date: Thu, 19 Dec 2024 18:55:01 +0000

Most POWER readers are probably familiar with levelized cost of energy (LCOE) and levelized value of energy (LVOE) as metrics used to help evaluate potential power plant investment options. LCOE […]

The post Why LVOE May Be a Better Decision-Making Tool Than LCOE for Power Companies appeared first on POWER Magazine.

Wartsila-430-MW-Flexicycle

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Financing the Nuclear Renaissance

Credit to Author: Aaron Larson| Date: Tue, 19 Nov 2024 22:57:59 +0000

At the 2023 United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, last December, 25 countries underlined the role of nuclear energy in their climate strategies by issuing a

The post Financing the Nuclear Renaissance appeared first on POWER Magazine.

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Can Nuclear’s Big Recent Wins Propel a True Global Revival?

Credit to Author: Sonal Patel| Date: Tue, 19 Nov 2024 16:59:12 +0000

While the past year has marked stunning triumphs for nuclear energy, experts caution that high costs, regulatory bottlenecks, and the need for market alignment remain major hurdles on the path to a true

The post Can Nuclear’s Big Recent Wins Propel a True Global Revival? appeared first on POWER Magazine.

Nuclear power plant art Source: POWER

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Oklo’s $25M Move into Radioisotope Production to Expand Advanced Nuclear Revenue Stream

Credit to Author: Sonal Patel| Date: Thu, 14 Nov 2024 17:54:21 +0000

Oklo has moved to acquire Atomic Alchemy, a U.S. firm specializing in high-value radioisotopes, in a $25 million all-stock transaction. The acquisition will add radioisotope production capabilities to Oklo’s advanced […]

The post Oklo’s $25M Move into Radioisotope Production to Expand Advanced Nuclear Revenue Stream appeared first on POWER Magazine.

Atomic Alchemy's Radioisotope Production Facility (Image: Hillside Architecture)

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Major Microreactor Developer Enters Bankruptcy Amid Nuclear Industry Surge

Credit to Author: Sonal Patel| Date: Tue, 29 Oct 2024 21:07:41 +0000

Ultra Safe Nuclear Corp. (USNC), a developer of much-watched microreactor technology and advanced nuclear fuel, has filed for Chapter 11 bankruptcy. The move signals a critical restructuring phase through which […]

The post Major Microreactor Developer Enters Bankruptcy Amid Nuclear Industry Surge appeared first on POWER Magazine.

USNC Micro Modular Reactor

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Dominion Sells 50% Stake in $10B Offshore Wind Project

Credit to Author: Sonal Patel| Date: Tue, 29 Oct 2024 15:56:35 +0000

Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an […]

The post Dominion Sells 50% Stake in $10B Offshore Wind Project appeared first on POWER Magazine.

The first six of 176 monopiles for the Coastal Virginia Offshore Wind project were installed in the Northwest corner of the lease area in May. Installation work, scheduled from May 1 to October 31 each year to protect the North Atlantic right whale migration, will continue through 2025. Courtesy: Dominion

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AEP Ohio Proposes New Utility Tariff for Data Centers to Offset Infrastructure Costs

Credit to Author: Sonal Patel| Date: Thu, 24 Oct 2024 12:47:24 +0000

American Electric Power (AEP) subsidiary AEP Ohio filed a settlement agreement with the Public Utilities Commission of Ohio (PUCO) and key stakeholders on Oct. 23 to address the costs of […]

The post AEP Ohio Proposes New Utility Tariff for Data Centers to Offset Infrastructure Costs appeared first on POWER Magazine.

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DOE Releases $900M to Spur Gen III+ Nuclear SMR Deployment, Targets Two ‘First Mover’ Projects

Credit to Author: Sonal Patel| Date: Thu, 17 Oct 2024 12:07:06 +0000

A $900 million funding opportunity released by the Department of Energy (DOE) on Oct. 16 seeks to spur “first mover” teams that could deploy the first two Gen III+ light […]

The post DOE Releases $900M to Spur Gen III+ Nuclear SMR Deployment, Targets Two ‘First Mover’ Projects appeared first on POWER Magazine.

NuclearCoolingTowersSunset_POWER_Web

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