A major U.S. energy investment group announced the start of commercial operations for a 694-MW combined-cycle natural gas-fired power plant in Louisiana. Blackstone said the Magnolia Power Generating Station is supported by private equity funds managed by Blackstone Energy Transition Partners. The post Blackstone Brings 694-MW Gas-Fired Plant Online in Louisiana appeared first on POWER Magazine.
From Bottleneck to Breakthrough: Why Procurement Is the Utility Industry’s Critical Capacity Builder
With electricity demand projected to rise 25% by 2030 and 78% by 2050 from 2023 levels, utilities are facing a perfect storm—aging infrastructure, climate-driven disruptions, and escalating expectations for reliability and resilience. Meeting this moment will require more than incremental improvement; it demands entirely new sources of capacity, and a fundamental rethink of how the […] The post From Bottleneck to Breakthrough: Why Procurement Is […]
Russia’s Rosatom Will Continue Foreign Nuclear Power Plant Projects Despite UK Sanctions
Russia’s state-owned nuclear power group said it will move forward with its power plant projects in foreign countries despite new sanctions from the UK government against Russian companies. The post Russia’s Rosatom Will Continue Foreign Nuclear Power Plant Projects Despite UK Sanctions appeared first on POWER Magazine.
Southern Co. Lands Largest Loan in DOE History—$26.5B for Gas, Nuclear, and Grid Projects
The Department of Energy (DOE) has closed a $26.54 billion loan package—the largest single loan commitment in the agency’s history—with Southern Co. subsidiaries Georgia Power and Alabama Power to finance more than 16 GW of “firm” generation and more than 1,300 miles of transmission infrastructure and grid enhancement across the Southeast. The transaction, announced Feb. […] The post Southern Co. Lands Largest Loan in DOE […]
GEL Brings UK’s First Deep Geothermal Plant Online
A UK-based geothermal and battery production group has brought the country’s first deep geothermal power plant online. Geothermal Engineering Limited (GEL) on February 26 said its United Downs power station in Cornwall is generating 3 MW of electricity, alongside the country’s first commercial-scale, zero-carbon lithium carbonate production facility. The post GEL Brings UK’s First Deep Geothermal Plant Online appeared first on POWER Magazine.
Renewable Properties, Pathward, BridgePeak Close $280 Million for Clean Energy Projects
California-based Renewable Properties, a developer and investor in small-scale utility, community solar, energy storage, and electric vehicle infrastructure projects, said the company has surpassed $280 million in closed corporate and project capital facilities with national bank Pathward, N.A., and BridgePeak Energy Capital, a renewable energy loan originator and service provider to banks and private credit […] The post Renewable Properties, Pathward, BridgePeak Close $280 Million […]
Romania’s Coal-to-NuScale SMR Conversion Secures FID, Moves Into Implementation With Caveats
Romania’s state nuclear utility Nuclearelectrica has approved a final investment decision (FID) for a 462‑MWe six-module NuScale module small modular reactor (SMR) project at the former Doicești coal plant. The decision by Nuclearelectrica’s shareholders on Feb. 12 to approve the FID effectively opens a pathway for the Doicești project—Europe’s most advanced SMR deployment—from an “analysis […] The post Romania’s Coal-to-NuScale SMR Conversion Secures FID, Moves […]
Aggreko Provides Hybrid Power Station With Solar, Gas for Australia Project
Construction is underway on a hybrid power station in Queensland, Australia that will support Arrow Energy’s Surat Gas Project (SGP) North. UK-headquartered Aggreko is leading the project, which is designed to show how natural gas and renewable energy can work together in a power generation installation. The post Aggreko Provides Hybrid Power Station With Solar, Gas for Australia Project appeared first on POWER Magazine.
The POWER Interview: Former SpaceX Exec Drives Arbor’s Turbine Innovation
Demand for electricity from artificial intelligence (AI), data centers, industrial electrification and more is driving innovation in the power generation sector. Speed to power has become even more important, as companies seek ways to more quickly satisfy their hunger for power, without sacrificing efficiency and in some cases their clean energy goals. The post The POWER Interview: Former SpaceX Exec Drives Arbor’s Turbine Innovation appeared […]
Why Prime Movers’ Reliability Is Critical to Power Uptime
Artificial intelligence (AI) is rapidly becoming one of the most significant drivers of global electricity demand. By 2030, data centre consumption is expected to more than double, from 415 TWh to 945 TWh, driven by AI-optimised servers that use up to 10 times the energy of traditional computing. In the U.S., data centres may account […] The post Why Prime Movers’ Reliability Is Critical to […]