There is a continued push in the power generation sector to make the industry more efficient through the use of artificial intelligence (AI), machine learning, and data science. Several companies are working to provide products and services for utilities and other power producers, focused on generation, transmission and distribution, and the way utilities interact with their customers. Buzz Solutions, a Palo Alto, California-based group, is […]
Don’t Neglect Round-Trip Efficiency and Cost of Charging When Considering Levelized Cost of Storage
The world is moving toward renewable sources for electricity generation in an attempt to reduce fossil-fuel reliance. But wind and solar can’t provide a consistent flow of power 24/7, and grid operators have realized that new electricity generation needs to be paired with storage to manage periods with no sun or wind. The decreasing cost of lithium-ion batteries has made battery energy storage systems (BESS) […]
Major Battery Plant to Support EVs Announced for Georgia
The market for U.S. manufacturing of batteries for the electric vehicle (EV) sector continues to grow. The latest announcement comes from South Korea-based LG Energy Solution (LGES), which together with Hyundai Motor Group has formed a joint venture (JV) for a battery cell factory in Georgia. The announcement on May 26, during a signing ceremony at LGES headquarters in Seoul, South Korea, comes as the […]
Hydro, Gas Projects Aim to Bolster Cameroon’s Electricity Supply
A new hydroelectric dam in Cameroon is expected to begin producing power by the end of this year, with commercial operation beginning in 2024, according to an official with the African Development Bank (AfDB). Rokhaya Diop Diallo, who leads the project for AfDB, recently said work on the Nachtigal hydropower station is more than 80% complete. The dam is among projects designed to increase power […]
Westinghouse, Bechtel Form Consortium to Design and Build Poland’s First Nuclear Plant
Westinghouse Electric Co., Bechtel, and state-owned Polish entity Polskie Elektrownie Jądrowe (PEJ) will work together to kick off design activity for Poland’s inaugural AP1000 nuclear power plant later this year and potentially ink a construction contract in 2025 to meet Poland’s goal to begin generating nuclear power in 2033. The companies announced the timeline for the much-watched project on May 25, noting in a joint […]
Clean Energy Spending Grows, but Big Investments Continue in Coal and Other Fossil Fuels
The International Energy Agency (IEA) expects investment in clean energy technologies, including “renewable power, nuclear, grids, storage, low-emission fuels, efficiency improvements and end-use renewables and electrification,” to exceed $1.7 trillion in 2023, the most ever. Yet, even as clean energy investments grow, more than $1 trillion is expected to be invested in unabated fossil fuel supply and power, mainly oil and gas, but also coal […]
UK Developing Digital Twin to Better Understand Future Energy Systems
The UK will back a “digital twin” of future multi-vector energy systems, including non-electric ones, that will support the country’s efforts to meet its 2050 net-zero objectives. The UK’s effort echoes several initiatives launched worldwide to deliver new visibility, knowledge, and understanding of future energy systems and integrate real-time modeling. UK transmission and distribution grid operator SP Energy and the University of Strathclyde are leading […]
Global Commitments Bolster Romanian NuScale Nuclear Project
A project to deploy the first NuScale 462-MWe VOYGR-6 nuclear power plant in Romania by 2029 has garnered a $275 million public-private funding commitment from the U.S., Japan, South Korea, and the United Arab Emirates (UAE) as part of a global infrastructure partnership. The Romanian project may be bolstered by an additional $4 billion outlined in letters of interest issued by the U.S Export-Import Bank […]
Growth Slows, but U.S. Renewable Energy Installs at Third-Highest Level in 2022
The American Clean Power Association (ACP) in a new report said installations of energy storage, along with wind and solar power capacity, were at the third-highest level on record in 2022, with more than 25 GW of new clean power installed cross the U.S. But challenges to clean energy deployment remain. The group’s “Clean Power Annual Market Report for 2022,” released Monday along with ACP’s […]
Saudi Arabia Group Supports Renewables, Hydrogen Projects in Uzbekistan
A Saudi Arabian energy group has signed agreements with officials from Uzbekistan to help the latter country increase its use of renewable energy resources and develop production of green hydrogen. ACWA Power, which develops power generation and other industrial projects, and Uzkimyosanoat (UKS), the national holding company for chemicals in Uzbekistan, announced the deals during the EBRD 2023 Annual Meeting and Business Forum in Samarkand, […]