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.
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.
Credit to Author: Darrell Proctor| Date: Mon, 28 Oct 2024 16:36:22 +0000
A Virginia-based energy company plans to build a natural gas-fired power plant along with multiple data centers on some 2,200 acres in that state, according to documents filed with local […]
The post Group Files Plans for Massive Gas-Fired Plant, Data Center Complex in Virginia appeared first on POWER Magazine.
Credit to Author: Darrell Proctor| Date: Mon, 28 Oct 2024 13:52:08 +0000
A fusion energy company that counts executives such as Eric Schmidt and Bill Gates among its backers has emerged from stealth, announcing $900 million in pledged funding. Pacific Fusion, whose […]
The post Bill Gates’ Energy Group, Former Google CEO Investing in Pacific Fusion Startup appeared first on POWER Magazine.
Credit to Author: Samir Adams| Date: Mon, 28 Oct 2024 12:50:10 +0000
As global efforts intensify to mitigate climate change, carbon capture has emerged as a vital technology to curb greenhouse gas emissions. Power generation, a major source of global carbon dioxide […]
The post Advancing Carbon Capture: Supreme Court Ruling and Innovative Solutions for Reducing Emissions appeared first on POWER Magazine.
Credit to Author: Darrell Proctor| Date: Thu, 24 Oct 2024 12:32:56 +0000
An initiative aimed at connecting more of Africa’s population to the continent’s power grids will use GE Vernova’s GridOS orchestration software. A newly completed Information and Coordination Centre (ICC) in […]
The post New Command Center Supporting African Power Grid Will Use GE Vernova Software appeared first on POWER Magazine.
Credit to Author: Sonal Patel| Date: Fri, 18 Oct 2024 12:18:45 +0000
The U.S. Department of Energy (DOE) has awarded contracts with a total potential value of $8 million to four nuclear fuel companies to further U.S. enrichment capabilities for high-assay, low-enriched […]
The post DOE Selects Four Companies to Boost U.S. HALEU Enrichment for Advanced Nuclear appeared first on POWER Magazine.
Credit to Author: Chris Lloyd| Date: Thu, 17 Oct 2024 16:45:45 +0000
Energy and utilities companies are grappling with unprecedented challenges. With the cost of electricity surging by 28.5% in just five years, the average American now spends nearly $300 a month […]
The post Digital Transformation: Fueling Solutions for Today’s Energy and Utilities’ Challenges appeared first on POWER Magazine.
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.
Credit to Author: Darrell Proctor| Date: Thu, 17 Oct 2024 01:33:10 +0000
The power generation sector is looking at numerous ways to provide enough electricity to satisfy demand from data centers. Bloomberg Intelligence recently said its research shows data centers, buildings filled […]
The post Power Demand from Data Centers Keeping Coal-Fired Plants Online appeared first on POWER Magazine.
