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Category: Industry News

Icebreaker Reactor Approved for Ground-Based Nuclear Plant

August 9, 2021
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The post Icebreaker Reactor Approved for Ground-Based Nuclear Plant appeared first on POWER Magazine.

The international business arm of Russia’s state-owned nuclear power company has received a license that will allow construction of small modular reactors (SMRs), based on the design used in the country’s icebreaker shipping fleet, at ground-based nuclear power plants.

Rusatom Overseas JSC (RAOS JSC), the company representing parent company Rosatom’s international interests, on Aug. 9 announced it was granted the license from the Federal Service for Environmental, Technological and Nuclear Supervision—known as Rostekhnadzor—that will allow construction to proceed. The license specifically was granted authorizing Rusatom Overseas to move forward with a project to build an SMR with a RITM-200N reactor at a site in Ust-Kuyga, in the Republic of Sakha (Yakutia), Russia.

The Yakutia SMR project is based on technology from Rosatom used in the design of the RITM-200 reactor that powers the icebreaker ships. The RITM-200 is an integrated generation 3+ pressurized water reactor, developed by OKBM Afrikantov—a Russian nuclear engineering company—and designed to produce 55 MW of power.…

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Why UK Businesses Should Invest in New Machinery and Plant Equipment Now

August 7, 2021
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The post Why UK Businesses Should Invest in New Machinery and Plant Equipment Now appeared first on POWER Magazine.

After more than 12 months of unprecedented working conditions and extremely tough challenges for power companies, the most sensible route for businesses in the coming year seems, on the face of it, to be to consolidate and let things settle whilst the economy stabilises. However, economic predictions for the next year tell us that savvy companies will be picking up the pace sooner rather than later. Leading experts and economists are all saying the same thing; we will continue on the current trajectory until the final quarter of 2021 and the first quarter of 2022, when we will not only see things back to the point that they were pre-COVID, but we can expect continuing growth from thereon out.

Some consumers have really struggled during this pandemic, but others have demonstrably saved money and are looking for ways to spend it.…

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Group Buys Pennsylvania Coal Refuse Plants to Power Bitcoin Mining

August 3, 2021
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The post Group Buys Pennsylvania Coal Refuse Plants to Power Bitcoin Mining appeared first on POWER Magazine.

A digital mining company has an agreement to purchase a second power plant in Pennsylvania, as the group increases its coal refuse reclamation operations in the state to provide energy for its bitcoin mining operations.

Stronghold Digital Mining, a bitcoin (BTC) miner headquartered in Kennerdell, Pennsylvania, on Aug. 3 said its purchase of the Panther Creek Plant, located on 33 acres in Nesquehoning, in Carbon County, adds 80 MW of generation capacity to its portfolio, which also includes the 85-MW Scrubgrass plant. Scrubgrass is located on 650 acres in Scrubgrass Township, in Venango County.

Stronghold, founded earlier this year, uses the power plants to convert coal refuse into power that is used to mine bitcoin, an energy-intensive process. Coal refuse is classified by Pennsylvania as a Tier II alternative energy resource, akin to large-scale hydropower. Coal refuse over the years has been left in piles near coal operations; today, circulating fluidized bed technology allows for emissions-controlled conversion of coal refuse into energy.…

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Fuel Loading Only Major Milestone Left for Vogtle Unit 3 Nuclear Project

July 30, 2021
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The post Fuel Loading Only Major Milestone Left for Vogtle Unit 3 Nuclear Project appeared first on POWER Magazine.

Tom Fanning, CEO of Southern Company, reported during the company’s earnings call on July 29 that hot functional testing (HFT) had been completed on Vogtle Unit 3, and that the “next and final major milestone” is fuel load. “We project fuel load to occur sometime near year-end 2021 or early in 2022,” he said.

The Vogtle nuclear power plant expansion project includes the addition of two new Westinghouse AP1000 reactors—Units 3 and 4 at a site near Waynesboro, Georgia, that has two existing units. (Unit 1 began operation in 1987 and Unit 2 began operation in 1989.) The project is owned by four partners—Southern Company subsidiary Georgia Power (45.7%), Oglethorpe Power Corp. (30%), Municipal Electric Authority of Georgia (MEAG Power, 22.7%), and Dalton Utilities (1.6%).

Construction on Unit 3 and 4 has been a long, drawn-out process. Southern Nuclear (a subsidiary of Southern Company) filed for an early site permit (ESP) application with the Nuclear Regulatory Commission (NRC) in August 2006.…

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Data Breaches Cost More Than $4 Million Per Incident, Power Industry at High Risk

July 28, 2021
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The post Data Breaches Cost More Than $ 4 Million Per Incident, Power Industry at High Risk appeared first on POWER Magazine.

IBM Security reported on July 28 that the average cost of recent data breaches was $ 4.24 million per incident, the highest cost ever recorded by the company in 17 years of tracking the metric. Notably, data breaches in the U.S. were by far the costliest, exceeding $ 9 million per incident on average.

The findings were among several insights exposed through a global study of data breaches conducted by the independent Ponemon Institute, a analysis group known for its empirical studies. Researchers reviewed data breaches experienced by 537 organizations between May 2020 and March 2021. The incidents occurred in 17 countries and across various industries.

“We see the number, in general, tick up across the years—some years a little bit higher, some years a little lower—but in general, the trend has been the numbers increase over time,” IBM Cyber Threat Intelligence Expert Charles DeBeck told POWER during an exclusive interview.…

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G20 Environment Ministers: No Consensus on Phasing Out Coal

July 26, 2021
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The post G20 Environment Ministers: No Consensus on Phasing Out Coal appeared first on POWER Magazine.

The U.S., UK and other countries want world governments to commit to a phaseout of the use and financing of coal-fired power generation, but officials who met at the G20 Environment Ministers Meeting summit in Naples, Italy, this past week ended their talks without an agreement on the future of the fuel.

The topic will come up again at the 2021 United Nations Climate Change Conference, also known as COP26, in Glasgow, Scotland, later this year. The talks in Italy, which ended July 23, showed the difficulty among developed nations in reaching a consensus on carbon emissions, with coal-fired power still a dominant part of the energy mix in many countries.

The International Energy Agency (IEA) earlier this month reported that coal-fired generation is experiencing a resurgence this year after the pandemic-driven drop in 2020. The IEA has projects 3% growth in the construction of new coal-fired facilities in 2022.…

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