GE has agreed to sell its Distributed Power business to Advent International, a private-equity group based in Germany, for $3.25 billion.
Xcel Energy Colorado has announced a new power plan that the utility said could save customers $215 million, cut carbon emissions by half, and increase renewable energy sources to 55 per cent of its energy portfolio by 2026.
Wisconsin Public Service, a subsidiary of WEC Energy Group, and Madison Gas and Electric have announced a plan to invest $390 million into two solar power projects that would be the first of their size in Wisconsin, USA.
Global Nuclear Fuel has announced that it has been awarded a long-term contract by Entergy Nuclear to continue to fuel its boiling water reactors.
GE Hitachi Nuclear Energy (GEH) has announced that Dominion Energy will provide funding to help progress the BWRX-300, a 300 MW small modular reactor (SMR) design being developed by GEH.
Framatome has signed a contract with Dominion Energy of the USA to provide steam generator services to the company’s entire nuclear reactor fleet.
The US Department of Energy’s (DOE) Office of Fossil Energy has issued a Request for Information (RFI) for input on the development of small-scale, modular coal-based power plants for the future.
The New York Independent System Operator (NYISO), the grid operator for the state of New York, USA, has said that it projects a decline of power demand at a rate of 0.14 per cent annually until 2028.
FirstEnergy of the USA has taken the next step in closing down its nuclear power facilities as part of its bankruptcy filing.
Nicholas Akins, Chairman, President and CEO of AEP of Ohio, USA, said that the company would invest $17.7 billion over the next three years into strengthening its grid network.