Chevron Exploring Equity Interest in Mitsubishi Power and Magnum Green Hydrogen Hub in Utah
The post Chevron Exploring Equity Interest in Mitsubishi Power and Magnum Green Hydrogen Hub in Utah appeared first on POWER Magazine.
Chevron is poised to acquire an equity interest in the Advanced Clean Energy Storage project, a developing green hydrogen hub that could support more than 1 GW of electrolysis facilities and store 5,500 metric tonnes of their produced green hydrogen in salt caverns near Delta, Utah.
The integrated energy giant on Sept. 9 announced that it agreed, through its Chevron New Energies division, “on a framework” to acquire an equity interest in ACES Delta, a 2019-formed joint venture between Mitsubishi Power Americas and Magnum Development that owns the Advanced Clean Energy Storage project. Chevron, Magnum, and Mitsubishi Power are currently negotiating definitive documentation outlining Chevron’s participation in the joint venture.
The development is another notable sign of progress for the green hydrogen hub, which Mitsubishi Power (then known as Mitsubishi Hitachi Power Systems) and Magnum unveiled in 2019.…
Groups Announce Successful Test to Advance Fusion Energy
The post Groups Announce Successful Test to Advance Fusion Energy appeared first on POWER Magazine.
A company working to bring fusion energy technology to market joined with a group from the Massachusetts Institute of Technology (MIT) in announcing a successful test of what they call the world’s strongest high-temperature superconducting (HTS) magnet, technology considered key for development of commercial fusion energy.
Representatives of Commonwealth Fusion Systems (CFS), along with researchers from MIT’s Plasma Science and Fusion Center (PSFC), on Sept. 8 outlined the group’s progress in developing the HTS, what they called a “world changing” technology to produce power while also combating climate change.
The milestone test, conducted at the PSFC on Sept. 5, proved that the magnet built at scale can reach a sustained magnetic field of more than 20 tesla. That’s enough to enable CFS’s small tokamak device, called SPARC, to achieve net energy from fusion, what the groups called “a historic first.” They said the successful demonstration proves that the SPARC will be the world’s first fusion device that can create and confine a plasma that produces more energy than it consumes.…
Economic oddity: Record job openings and many unemployed – Associated Press
- Economic oddity: Record job openings and many unemployed Associated Press
- Job openings soar to 10.9 million as companies struggle to fill positions CNBC
- Job openings reach historic high of almost 11 million. Why are 9 million still jobless? CBS News
- US Job Openings Hit Record High 10.9 Million in July Bloomberg
- US Posts Record 10.9 Million Job Openings After Nearly 11 Million Americans Lose Federal Unemployment Benefits Forbes
- View Full Coverage on Google News
Drought-Crippled Hoover Dam, Glen Canyon Hydropower Plants Operating at Substantially Decreased Capacity
The post Drought-Crippled Hoover Dam, Glen Canyon Hydropower Plants Operating at Substantially Decreased Capacity appeared first on POWER Magazine.
The iconic 2-GW Hoover Dam and 1.3-GW Glen Canyon Dam hydropower plants are operating at substantially reduced capacity, paralyzed by enduring drought conditions across the West, the U.S. Bureau of Reclamation (USBR) has revealed.
Weeks after USBR on Aug. 16 declared the first-ever federal water shortage at Lake Mead, the agency told POWER this week that deteriorating storage levels at the Colorado River’s largest reservoir are posing hurdles for power production from Hoover Dam. The situation could have new implications for Los Angeles and other parts of Southern California, Arizona, and Nevada, which take the bulk of the allocated firm energy that the plant produces.
“Lake Mead is at its lowest level since being filled, resulting in a decrease of about 25% of Hoover Dam’s generating capacity,” Rob Manning, chief of USBR’s Public Affairs, said on Monday. While Hoover’s normal capacity is 2,074 MW, it’s currently 1,567 MW.…