Sunnova Energy Corp., an energy-as-a-service (EaaS) provider, has snagged a first-of-its-kind conditional federal loan guarantee commitment of up to $3 billion for a project that could further future virtual power plant (VPP) deployment. The Department of Energy (DOE) Loan Programs Office (LPO) on April 20 said it would provide a partial loan guarantee for up to $3 billion to Project Hestia, a Sunnova-originated “loan channel.” […]
Texas Combined Cycle Plant Changing Hands
Rayburn Electric Cooperative, headquartered in Rockwall, Texas, announced on April 19 that it has entered into a definitive agreement to acquire ownership of the Panda Sherman Power Plant. The Sherman facility is a 758-MW natural gas–fueled combined cycle unit located in Grayson County, about an hour north of Dallas. The plant will be renamed Rayburn Energy Station once the acquisition achieves standard closing conditions. “Rayburn […]
How Propane Can Help Decarbonize the Power Grid
It’s no secret that leaders around the world are searching for ways to decarbonize their electric power grids. While solar panels and wind turbines have been the main options utilized in this effort in recent years, both are intermittent resources. Therefore, backup generation is required to keep power grids reliable. In many situations, that means installing diesel-fueled power generators. In fact, there’s been a significant […]
DTE Energy Boosts Renewable Energy Portfolio with Major Michigan Wind Farm
Midwestern utility DTE Energy announced its 225-MW Meridian Wind Park project has entered commercial operation. The group on April 18 said the wind farm, located in Merrill and spanning parts of Midland and Saginaw counties in central Michigan, features 77 turbines and operates on land leased from farmers in the region. A DTE spokesperson said the utility oversaw construction of the wind farm and will […]
Why the U.S. Needs New Battery Technologies and Supply Chains
The future of transportation and energy storage will be powered by a range of carbon-neutral technologies, and batteries will play a major role. As part of the effort to reduce manmade carbon emissions and mitigate climate change, governments worldwide have passed measures in recent years to spur the transition to electric vehicles (EVs) as well as renewable generation sources backed up by large-scale grid storage. […]
Olkiluoto 3 Finally Online in Finland; Germany Closes Last Three Nuclear Plants
A long-delayed nuclear power plant in Finland has begun producing electricity, ready to provide energy to a region in need of the facility’s output in the wake of Russia’s invasion of Ukraine. The 1.6-GW Olkiluoto 3 nuclear reactor, which is now the largest reactor in Europe, began a regular production schedule on April 16, according to Teollisuuden Voima (TVO), a nuclear power company owned by […]
The POWER Interview: A More Sustainable Future Through Electrification
Several energy industry experts recently spoke with POWER for a feature article on electrification that appeared in the April 2023 issue. There are many aspects to electrification, and its adoption is having a variety of impacts on different sectors across power generation and the overall energy landscape. From energy efficiency to sustainability practices, electrification is a key driver of change, from transportation to manufacturing, and for residential […]
How Low-E Valves Can Reduce Costly Fugitive Emissions
Though discussions of fugitive emissions are not new in power and processing facilities, they remain a focal point of most plants’ operational plans because they can harm profitability if they are not addressed. As governmental agencies like the U.S. Environmental Protection Agency (EPA) aim to curb fugitive emissions, it becomes ever more important to make sure plants comply with the latest regulations. Regardless of a […]
A Tipping Point for America’s Grid
COMMENTARY The American grid is reaching a tipping point. With electric vehicles (EVs) making up 5% of all new vehicle sales last year, there is an urgent need to prepare for the unprecedented strain that will be placed on the U.S. power grid as adoption continues to ramp up—and this is to say nothing of our efforts to electrify other aspects of society at an […]
More Than Statistics: Maximizing Value From FERC OE’s Annual Report on Enforcement
Each year, pursuant to the Federal Energy Regulatory Commission’s (FERC or Commission) Revised Policy Statement on Enforcement, FERC’s Office of Enforcement (OE) publishes “annual statistical reports” summarizing its enforcement activities during the preceding fiscal year (FY). Consistent with that directive, OE’s Annual Report on Enforcement (Annual Report) contains a range of statistical information about the activities of each of its components, the Division of Investigations […]