Industry | EnergyNorthwest.com

ibV Energy’s Manoj Reddy, Head of Power Markets & Analytics, Speaks on the Future of the Energy Storage Market for the Renewables Industry at Fuze Energy Conference

November 16, 2022

Over October 26 to 27 at the 8th Wonder Brewery in Houston, Texas, leaders across the energy sector who are seeking to bring forth the era of transformation and transition in the power industry convened to share insights and collaborate at the Fuze Energy Conference. Among those in attendance was Manoj Reddy, the Head of Power Markets & Analytics for ibV Energy Partners. Specifically..
Energy Central…

U.S. Utility Survey Suggests Industry Mulling Additions of 90 GW of New Nuclear

August 11, 2022

| No Comments

| Industry News

A Nuclear Energy Institute (NEI) survey suggests U.S. utility members expect to add up to 90 GW of new nuclear generation by the 2050s, including more than 300 new small modular reactors (SMRs) in the U.S. over the next 25 years.

The nuclear industry group’s survey, unveiled on July 29, sought to gather input from chief nuclear officers at 19 utility members that already have nuclear as part of their energy generation mix on the role new nuclear could play to reach decarbonization goals.

The results indicate significant demand for new nuclear, the trade group told POWER. Planning for 300 SMRs translates to about 731.3 TWh of power. However, while that figure would effectively double U.S. nuclear energy output today, it may even be a “conservative estimate,” it noted. The 19 NEI member utilities surveyed represent less than half of the total electricity generation in the U.S., and the survey does not include utilities with no nuclear generation, like Utah Associated Municipal Power Systems (UAMPS) and PacifiCorp, which have already announced plans to build new nuclear, NEI said.…

Industry Groups Butt Heads on SEC’s Incident Reporting Rules

April 15, 2022

| No Comments

| Energy Jobs

“While we appreciate the intent behind the SEC’s proposed rulemaking is to improve public companies’ cybersecurity postures and disclose material cybersecurity incident information to investors, we are concerned that the rulemaking is potentially duplicative of the incident reporting requirements in recently passed legislation,” John Miller, senior vice president and..
Energy Central…

Optimism Is Warranted in the Power Industry in 2022 and Beyond

January 4, 2022

| No Comments

| Industry News

While some sectors of the power industry are struggling to stay relevant, there are many more segments that are thriving. As new technologies are developed and perfected, there is more reason than ever for people in the power industry to be optimistic about the future.

Opportunities are everywhere in the power industry these days. Not only are wind and solar energy seeing explosive growth, but also several other technologies are showing real signs of promise. Battery energy storage systems and microgrids have become mainstream grid components. Advanced nuclear power designs and hydrogen-based energy schemes have progressed beyond concepts and into real brick-and-mortar projects. The worldwide focus on climate change has developers of carbon capture and storage (CCS) technologies licking their chops, with serious deployment of CCS systems almost assured if the world is to meet goals aligned with the Paris Agreement.

The movement to electrify everything also provides opportunity for power companies having the proper vision to capitalize on the trend.…

What History Tells Us About the Future of Cyber Vulnerabilities in the Power Industry

December 27, 2021

| No Comments

| Industry News

The power and energy sector is one of the most critical areas of our country’s infrastructure, making it a prime target for cybercriminals increasingly looking for ways to infiltrate and disrupt the sector and ultimately the national grid. In fact, the U.S. Government Accountability Office (GAO) released a report in early 2021 that found the grid, and subsequently its distribution systems that carry electricity from transmission systems to end-users, to be growing targets for large-scale, strategic state-sponsored cyber war operations.

This heightened interest and motivation can be attributed to hackers looking for larger ransomware payouts as well as nation states who consider the sector key to crippling the U.S. economy. High-profile attacks like the Colonial Pipeline have given threat actors more motivation to go after critical infrastructure. These groups continue to mature and adopt sophisticated tactics, techniques, and procedures, while industry leaders look to safeguard their critical systems and essential services.

If recent history is any indication of what we can expect in 2022 and beyond, the power and energy sector must prepare for the worst and prioritize their industrial cybersecurity programs accordingly.…

How Microreactors Could Change the Nuclear Power Industry (and the World)

December 21, 2021

| No Comments

| Industry News

What is a microreactor and why would you want one? The definition could be debated, but nuclear reactors in the 1 MW to 20 MW range generally fit the bill, and there are countless possible applications for the technology.

“This could be used for disaster relief. This could be used for mines, remote communities—on a 24/7 basis. It can be used for data centers, industrial plants—anyone that wants to be off the grid, even though maybe they’re on the grid now, but they want to be off the grid—so, military bases. The opportunities here are just endless,” David Durham, president of Energy Systems with Westinghouse Electric Co., said as a guest on The POWER Podcast.

Westinghouse is developing a microreactor called eVinci. It’s a next-generation, small nuclear energy generator intended for decentralized generation markets. The eVinci design is very different from commercial light water reactor plants currently in service around the world. “The differences are substantial. There’s no water.…