Texas-based energy company Vistra Corp. is adding to its nuclear power generation capacity. The group on March 6 announced it would buy Ohio-based Energy Harbor Corp. in a $3.4 billion deal that includes ownership of three nuclear power stations. The transaction includes $3 billion in cash, with Energy Harbor shareholders receiving a 15% stake in Vistra Vision, a new subsidiary holding company. The new unit […]
Biden Administration Pledges $1.2 Billion to Keep U.S. Nuclear Reactors Online
The Biden administration has pledged another $1.2 billion to help extend the operating life of older or distressed nuclear power plants, with Energy Secretary Jennifer Granholm saying nuclear power is needed to support the nation’s clean energy goals. The funding, announced by the Dept. of Energy (DOE) on March 2, is the second tranche of financial aid included in the $6 billion Civil Nuclear Credit […]
Entergy Picks EPC Team for Massive Hydrogen-Capable CCGT Project in Texas
A 1.2-GW hydrogen-capable combined cycle power project that Entergy Texas has proposed to build in Orange County, Texas, will be spearheaded by an engineering, procurement, and construction (EPC) consortium led by Mitsubishi Power, Sargent & Lundy, and TIC. Construction of the $1.19 billion Orange County Advanced Power Station (OCAPS), which received the Public Utility Commission of Texas’s (PUCT’s) approval in January, is slated to begin […]
NRC Approves Move to Keep Diablo Canyon Nuclear Plant Open
The Diablo Canyon nuclear power plant in California can continue operating while Pacific Gas & Electric (PG&E) seeks a license renewal for the 2,300-MW facility that would extend its lifecycle. The Nuclear Regulatory Commission (NRC) on March 2 approved PG&E’s request for an exemption to keep Diablo Canyon open past 2025. Thursday’s move is a reversal of sorts for the NRC, which in January had […]
Novel UAMPS-NuScale SMR Nuclear Project Gains Participant Approval to Proceed to Next Phase
Despite a steep hike in the project cost estimate for the proposed 462-MWe Carbon-Free Power Project (CFPP), 26 of 27 public power entities have voted to continue development of the first-of-its-kind six-module NuScale Power VOYGR-6 small modular nuclear (SMR) plant. The 26 project participants—subscribers who could eventually offtake portions of the project’s power—lodged financial commitments to continue the CFPP in February, clearing the project’s second […]
X-energy and Dow Will Deploy a 320-MWe Xe-100 Nuclear Facility at Gulf Coast Site
X-energy will demonstrate its four-unit 320-MWe Xe-100 advanced nuclear reactor facility under the Department of Energy’s (DOE’s) Advanced Reactor Demonstration Program (ARDP) at a Dow site in the U.S. Gulf Coast region by the end of the decade—not in Washington State as originally planned. The shakeup stems from a joint development agreement (JDA) the nuclear reactor and fuel technology firm signed with Dow on March […]
A Complex Landscape for the Future of Combined Heat and Power
Few power-generating resources present the combination of workhouse abilities that combined heat and power (CHP) does. But, powered predominantly by fossil fuels, will CHP find its unique footing within the energy transition? Considering all its hefty attributes, combined heat and power (CHP) should thrive as the world races to transition to an energy system characterized by more efficiency and lower emissions. The energy resource, sometimes […]
Group Touts Milestone for Hydrogen-Boron Fusion Power
A California-based group said it has completed the first-ever hydrogen-boron fusion experiments to produce a sustainable fuel for utility-scale fusion power. TAE Technologies on Feb. 28, in a peer-reviewed paper published by the scientific journal Nature Communications, said its research supports the path to providing electricity from nuclear reactors fueled with hydrogen-boron, also known as p-B11 or p11B. TAE said its program, done in collaboration […]
Madagascar Ready to Ramp Up Hydropower Projects
Madagascar has significant hydropower potential, but to date less than 20% of the country’s energy comes from hydroelectric facilities. The Economic Development Agency of Madagascar (EDBM) estimates the island nation, located in the Indian Ocean off the cost of Southeast Africa, could produce as much as 7.8 GW of power from hydro resources, but at present is only utilizing about 2% of that potential. Madagascar, […]
China Approves 106 GW of New Coal-Fired Capacity
A new report from a two global energy research groups found that China last year approved its most new coal-fired power generation projects since 2015. The report from the Center for Research on Energy and Clean Air (CREA) and Global Energy Monitor (GEM) shows the Chinese government approved permits for 106 GW of new coal-fired generation capacity in 2022. The report said the new capacity […]