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Tag: Announces

Southern Announces Delay in Testing at Vogtle

March 21, 2021
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The post Southern Announces Delay in Testing at Vogtle appeared first on POWER Magazine.

Southern Co. has announced another delay in hot functional testing for the first unit of its two-unit expansion at the Vogtle nuclear plant in Georgia.

The utility in a March 19 filing with the U.S. Securities and Exchange Commission said its subsidiary Georgia Power “now expects the start of hot functional testing for Unit 3 will be delayed into April.” The filing said that Southern Nuclear, the nuclear power subsidiary of Southern Co., “continues to target a November 2021 in-service date for Unit 3,” though it also said “the schedule is challenged and… a delay is likely and could add one month or more to the Unit 3 in-service date.”

Georgia Power said it estimates delays beyond November “would result in additional base capital costs for Georgia Power of approximately $ 25 million per month.” The project, first approved by state regulators in 2009, with an original estimated cost of about $ 14 billion, now projects to enter commercial operation about five years after initial expectations.…

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TECO Announces $800-Million Investment in New Solar

February 21, 2020
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The post TECO Announces $ 800-Million Investment in New Solar appeared first on POWER Magazine.

Tampa Electric Co. (TECO) on Feb. 19 said it plans to invest about $ 800 million to add another 600 MW of solar power generation capacity by year-end 2023. TECO on Wednesday said the expansion will increase its solar portfolio to more than 1.25 GW of solar generation, or about 14% of its total generation mix.

“Our customers want a cleaner energy future for themselves, and their children,” said Nancy Tower, TECO’s president and CEO, in a statement. “We are committed to continue to lead Tampa Electric toward cleaner energy while ensuring our prices remain affordable for customers.”

A Gas-Heavy Portfolio

TECO, like many U.S. utilities, is increasing its use of renewable resources as it phases out coal-fired generation. The company, which serves customers in west-central Florida, said it has cut its coal use by 92% since 2000. About 84% of its electricity comes from natural gas.…

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DOE Announces Additional $64 Million for Clean Coal Projects

February 9, 2020
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The post DOE Announces Additional $ 64 Million for Clean Coal Projects appeared first on POWER Magazine.

The U.S. Department of Energy (DOE) has earmarked $ 64 million in additional funding for research and development of smaller, more efficient, and cleaner coal plants. Energy Secretary Dan Brouillette on Feb. 7 announced the money would be part of the DOE’s “Coal FIRST Initiative,” telling the audience at an Atlantic Council meeting Friday in Washington, D.C., that the program is designed to “produce more coal power more efficiently and transform it into a near zero-emission energy source.”

The Atlantic Council calls itself a “nonpartisan organization that galvanizes U.S. leadership and engagement in the world, in partnership with allies and partners, to shape solutions to global challenges.” The agency’s international advisory board includes former prime ministers and presidents from Australia, Denmark, Pakistan, Poland, Spain, and Sweden, among others.

“Coal is a critical resource for grid stability that will be used in developing countries around the world well into the future as they build their economies,” said Brouillette in a news release detailing the funding opportunity announcement (FOA).…

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Mercedes parent company announces job cuts – AL.com

November 30, 2019
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| Energy Jobs
  1. Mercedes parent company announces job cuts  AL.com
  2. The car industry’s electric upheaval claims another 10,000 jobs  CNN
  3. Daimler Looks to Cut Thousands of Jobs  The Wall Street Journal
  4. Daimler job cuts: The car industry’s biggest-ever upheaval claims thousands more jobs  msnNOW
  5. Mercedes parent plans to cut at least 10,000 jobs  Chicago Tribune
  6. View full coverage on Google News

“job” – Google News…

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Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm

October 16, 2019
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The post Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm appeared first on POWER Magazine.

The evolving landscape of power includes not only new types of generation, but also involves new investors, including some of the most well-known names in global business.

Bill Gates, who co-founded Microsoft with the late Paul Allen, formed Breakthrough Energy Ventures (BEV) in 2016, a group that supports battery energy storage, nuclear power innovation, geothermal, and hydropower technology, among others. Amazon’s Jeff Bezos, ranked as the world’s richest individual in Forbes magazine’s annual rankings of billionaires (Gates is second), also is an investor in BEV, and Amazon Web Services (AWS) topped 50% renewable energy usage in 2018. AWS operates several wind and solar farms.

Michael Bloomberg, the media mogul and former New York City mayor, is an investor in BEV. So is Virgin’s Richard Branson, and Alibaba’s Jack Ma.

Berkshire Hathaway a Big Energy Investor

Warren Buffett is ranked third on Forbes’ list.…

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Siemens Will Cut Another 2,700 Jobs; GE Announces Cuts in Switzerland

June 19, 2019
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Siemens on June 18 said it would cut 2,700 jobs from its Gas and Power division, on top of 10,400 positions the German engineering firm last month said it would jettison as part of cost-cutting measures.

The Siemens’ announcement comes one day after U.S.-based rival GE said it would cut 450 jobs at two of its manufacturing sites in Switzerland.

Siemens in May said it would spin off and give up its majority stake in its Gas and Power unit, which includes its power generation, transmission, oil and gas, and related services businesses. The company in that announcement, which it said is part of its Vision 2020+ strategy, also said it was transferring its 59% stake in Siemens Gamesa Renewable Energy (SGRE) to the new business.

Investors have cheered Siemens’ restructuring, with the company’s stock gaining about 9% this year.

Lisa Davis, head of the Gas and Power division, in a statement Tuesday said, “The planned measures will help us create more opportunity for growth and the security that comes from being a competitive player in the energy market.”…

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