Equinor Ends Plan to Export Hydrogen to Germany

Credit to Author: Darrell Proctor| Date: Sun, 22 Sep 2024 16:10:51 +0000

Energy giant Equinor said it will not export blue hydrogen from Norway to Germany due to economics and a lack of demand. Equinor on September 20 said it would discontinue […]

The post Equinor Ends Plan to Export Hydrogen to Germany appeared first on POWER Magazine.

Equinor Hydrogen

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Net Metering Reform: Premature or Long Overdue?

Credit to Author: Janique Williams| Date: Mon, 09 Sep 2024 23:13:10 +0000

The growth of distributed energy resources (DERs) has significantly increased over the past decade as the U.S. moves to decarbonize the electric grid. Growth has been possible by incentivizing the […]

The post Net Metering Reform: Premature or Long Overdue? appeared first on POWER Magazine.

Fig2-DI-Lab-Meters

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The State of the Residential Solar Market: What’s Next?

Credit to Author: Ben Airth| Date: Tue, 27 Aug 2024 14:32:23 +0000

SEIA’s Solar Market Insight Report for Q2 2024 showed that the U.S. solar market set an industry record by installing 11.8 GWdc in the first quarter. Despite this impressive growth […]

The post The State of the Residential Solar Market: What’s Next? appeared first on POWER Magazine.

Stock_Rooftop_Solar_commons

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TVA Boosts Nuclear Funding with $150M for SMR Development at Clinch River

Credit to Author: Sonal Patel| Date: Thu, 22 Aug 2024 20:55:24 +0000

The Tennessee Valley Authority (TVA’s) board of directors has approved an additional $150 million for the public power utility’s $200 million New Nuclear Program to boost continued design work and […]

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GE-bwrx-300-smr-nuclear-power-plant-rendering

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IAEA: Aging Nuclear Fleet Warrants Reactor Life Extensions, Much More New Capacity

Credit to Author: Sonal Patel| Date: Thu, 22 Aug 2024 14:25:19 +0000

While global nuclear power capacity has remained at a consistent level over the past decade, newly released data from the International Atomic Energy Agency (IAEA) suggests that more than two-thirds […]

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Number of nuclear reactors by age (as of 1 January 2024). Source: IAEA

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$2.2B for 13 GW of New Transmission Capacity: DOE Unveils Latest Boost for U.S. Grid Modernization

Credit to Author: Sonal Patel| Date: Tue, 06 Aug 2024 15:14:36 +0000

The Biden administration will invest $2.2 billion in eight projects under its Grid Resilience and Innovation Partnership (GRIP) program to bolster the nation’s power grid with nearly 13 GW of […]

The post $2.2B for 13 GW of New Transmission Capacity: DOE Unveils Latest Boost for U.S. Grid Modernization appeared first on POWER Magazine.

transmission-tower-3387882_1280

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Peak Performance: APS’s Virtual Power Plant Saves Big During Brutal Heatwave

Credit to Author: Sonal Patel| Date: Thu, 01 Aug 2024 11:48:12 +0000

Through its innovative virtual power plant (VPP), Arizona Public Service (APS) harnessed smart home devices to save 138 MW during a historic heatwave, shifting peak demand and proving critical for grid

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Vietnamese Distribution Grid Automation System a Winning Project

Credit to Author: Aaron Larson| Date: Thu, 01 Aug 2024 11:46:56 +0000

Vietnam Electricity Group’s Ho Chi Minh City Power Corp. (EVNHCMC) deployed a distribution automation system that facilitates automatic—and very quick—fault detection and handling with a success rate of

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Splash-main-control-center-EVNHCMC

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South Africa Announces Bold Shift to Renewables and Nuclear

Credit to Author: Sonal Patel| Date: Thu, 01 Aug 2024 11:44:01 +0000

Emerging from a historic election that stripped the African National Congress (ANC) party of its majority, South Africa’s new government has indicated it will accelerate the transition to renewable power to

The post South Africa Announces Bold Shift to Renewables and Nuclear appeared first on POWER Magazine.

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PJM Capacity Auction Prices Surge Over Nine-Fold, Signal Urgent Need for New Power Generation

Credit to Author: Sonal Patel| Date: Wed, 31 Jul 2024 14:55:13 +0000

Prices at PJM Interconnection’s 2025/2026 base residual auction (BRA) spiked to $269.92/MW-day for most resources in the wholesale power market, pointing to a tightening supply-demand balance that could have significant […]

The post PJM Capacity Auction Prices Surge Over Nine-Fold, Signal Urgent Need for New Power Generation appeared first on POWER Magazine.

Clearing price results in PJM’s Base Residual Auction (BRA) from delivery year 2007/2008 to 2024/2025. Courtesy: PJM

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