National Grid plans to ramp up investment in its electricity-transmission business as the world accelerates the transition from fossil fuels to clean power. This follows a trend of energy utilities across Europe that are increasing investments to update old grids as they bet on a boom in power demand amid rising electrification, industrial decarbonization, and artificial-intelligence...
The Oklo-Switch deal represents “one of the largest corporate power agreements in history,” Oklo said. It is larger than a 10.5-GW deal announced in May between Microsoft and Brookfield Asset Management that was “almost eight times larger than the largest single corporate [power purchase agreement] ever signed,” a Brookfield executive said at the time. The five-year Microsoft-Brookfield...
The U.S. Department of Energy on Monday opened a 60-day public comment on three potential national interest electric transmission corridor designations, known as NIETCs, which would allow the federal government to support and expedite grid expansion projects in those areas. The three potential NIETCs were chosen from an initial list of 10, published in May. The remaining areas...
The U.S. Department of Energy released its long-awaited study on LNG exports Tuesday, and while the administration didn’t officially call for a ban on LNG exports – they might as well have. In a politically charged statement, U.S. Energy Secretary Jennifer Granholm said “that a business-as-usual approach is neither sustainable nor advisable,” echoing similar claims to those made...
Vineyard Wind has resumed turbine blade installation on its offshore wind farm, marking the first such activity since a blade broke off earlier this year. Vineyard Wind and government officials confirmed that the work commenced on Saturday, and three blades were successfully installed over the weekend. The resumption follows a five-month hiatus after a catastrophic...
Congressional leaders finalized a deal Tuesday to extend government funding, approve more than $100 billion in disaster aid and advance a slew of bipartisan priorities that had been awaiting action for months. The stopgap funding measure, if approved this week as expected, will kick Friday night’s funding deadline to March 14, buying congressional appropriators nearly...
Commonwealth Fusion Systems, the buzziest and most well-funded company in the increasingly buzzy and well-funded fusion sector, announced today that it will build a commercial fusion power plant in Chesterfield County, Virginia — a first for both the company and the world. CFS will independently finance, build, own, and operate the 400-megawatt plant, which will produce...
The city of Richland is considering selling 425 acres of former Hanford nuclear site land for a $4.5 billion project related to advanced nuclear fuel. The company interested in the project, which is projected to employ 1,000 workers, has not been made public. It is identified in city documents only under the code name of...
The U.S. Department of Energy’s (DOE) Office of Electricity (OE) has released three Notices of Funding Opportunity (NOFOs) worth about $18.4 million for programs to support research and development of electricity grid technologies. The programs will reduce the cost of HVDC circuit breakers, improve risk assessment and communication for grid operators, and ensure communities respond...
America’s process for permitting infrastructure is a convoluted mess of federal, state, and local procedures, regulations, bureaucracies, lawsuits, judges, activists, and landowners. “Getting approval from all of them, getting every single box checked, is the biggest hang-up to getting projects up and running,” says Cary Davis of the American Association of Port Authorities in a video making...
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