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

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

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.

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Another Fourth-Generation Nuclear Reactor Begins Construction in the U.S.

Another Fourth-Generation Nuclear Reactor Begins Construction in the U.S.

Construction of Hermes, Kairos Power’s 35-MWth iterative non-power demonstration molten salt nuclear reactor, has officially kicked off in Oak Ridge, Tennessee. The effort marks another major step for the burgeoning advanced […] The post Another Fourth-Generation Nuclear Reactor Begins Construction in the U.S. appeared first on POWER Magazine.

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China Starts Construction of More Reactors as Part of Rapid Nuclear Buildout

China Starts Construction of More Reactors as Part of Rapid Nuclear Buildout

Updated data from the China Nuclear Energy Association (CNEA) shows the country has 55 nuclear reactors in operation, ranking third globally behind the U.S. and France. The CNEA said China […] The post China Starts Construction of More Reactors as Part of Rapid Nuclear Buildout appeared first on POWER Magazine.

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Japan Utility Will Bring 2.34-GW Gas-Fired Plant Online Ahead of Schedule

Japan Utility Will Bring 2.34-GW Gas-Fired Plant Online Ahead of Schedule

Japan’s largest utility said it will start the first of three units at a new natural gas-fired power plant near Tokyo in an effort to provide more electricity during the […] The post Japan Utility Will Bring 2.34-GW Gas-Fired Plant Online Ahead of Schedule appeared first on POWER Magazine.

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California, Pacific Northwest Hydrogen Hubs Secure First Tranche of $7B Federal Awards

California, Pacific Northwest Hydrogen Hubs Secure First Tranche of $7B Federal Awards

The California Hydrogen Hub and the Pacific Northwest Hydrogen Hub have garnered a combined $57.5 million in the first tranche of funding under the Department of Energy’s (DOE’s) $7 billion […] The post California, Pacific Northwest Hydrogen Hubs Secure First Tranche of $7B Federal Awards appeared first on POWER Magazine.

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Landrieu: Natural Gas Is ‘Not the Enemy, It Is Part of the Solution’ to Achieving Climate Goals

Landrieu: Natural Gas Is ‘Not the Enemy, It Is Part of the Solution’ to Achieving Climate Goals

Former U.S. Sen. Mary Landrieu (D-La.), who is now a senior policy advisor for the law firm Van Ness Feldman and co-chair of the Natural Allies Leadership Council, is keen […] The post Landrieu: Natural Gas Is ‘Not the Enemy, It Is Part of the Solution’ to Achieving Climate Goals appeared first on POWER Magazine.

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Colorado Power Provider Will Add 760 MW of Renewable Energy

Colorado Power Provider Will Add 760 MW of Renewable Energy

Platte River Power Authority’s board of directors approved the utility’s 2024 Integrated Resource Plan (IRP) on July 25, including the recommended “optimal new carbon” portfolio that adds 760 MW of […] The post Colorado Power Provider Will Add 760 MW of Renewable Energy appeared first on POWER Magazine.

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Risks Associated with Geomagnetic Storms

Risks Associated with Geomagnetic Storms

In May 2024, stargazers and smartphone photographers witnessed a spectacular moment in time over the course of two nights. Social media and news outlets were dazzled by incandescent light plays […] The post Risks Associated with Geomagnetic Storms appeared first on POWER Magazine.

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Zinc Battery Manufacturers Partner to Speed Commercialization

Zinc Battery Manufacturers Partner to Speed Commercialization

The Zinc Battery Initiative (ZBI) and its members have collaborated with experts from the U.S. Department of Energy (DOE) and West Virginia University (WVU) to develop an effective path to […] The post Zinc Battery Manufacturers Partner to Speed Commercialization appeared first on POWER Magazine.

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India Pledges Support for Nuclear, Coal, and Pumped Storage Projects

India Pledges Support for Nuclear, Coal, and Pumped Storage Projects

Officials in India said that country’s energy transition plan will focus on developing small modular nuclear reactors (SMRs), pumped energy storage projects, and more efficient coal-fired power plants. Finance Minister […] The post India Pledges Support for Nuclear, Coal, and Pumped Storage Projects appeared first on POWER Magazine.

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