Your Source for Energy Jobs & Industry News
ABB and Canada-based Charbone Hydrogen Corp. have signed a Memorandum of Understanding (MoU) agreement to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities […]
The post ABB, Charbone Hydrogen Join to Advance Green Hydrogen Production appeared first on POWER Magazine.
The Electric Power Research Institute (EPRI) has launched an ambitious new initiative alongside power companies, grid operators, and several tech giants to establish five to 10 “flexibility hubs” that will […]
The post Power and Data Center Sectors Join Forces to Resolve Mounting Electricity Demand Uncertainties appeared first on POWER Magazine.
A leading company in the design of technology for a variety of industries is part of an effort to advance carbon capture from power plants, along with providing a solution to emissions of carbon dioxide (CO2) from industrial facilities.
Honeywell, the Charlotte, N.C.-based conglomerate known for products from residential thermostats to advanced aerospace applications, on Dec. 15 announced a licensing agreement with the Texas Carbon Management Program Group (TxCMP) at the University of Texas-Austin. The groups are working on an advanced solvent technology that will capture CO2 generated from combustion flue gases at coal-, natural gas-, and oil-fired power plants, as well as from steel and cement manufacturing sites and other industrial facilities.
“As the world proactively seeks technology solutions that limit greenhouse gas emissions, we recognize that carbon capture technology is an important lever available today to reduce emissions in carbon-intensive industries that have few alternative options, such as steel plants and fossil fuel power plants,” said Ben Owens, vice president and general manager, Honeywell Sustainable Technology Solutions.…
The post Pennsylvania Move to Join RGGI May Save Nuclear Plant appeared first on POWER Magazine.
Energy Harbor Corp., the new name for the former FirstEnergy Solutions (FES) after FES’s bankruptcy, on March 13 said its Beaver Valley nuclear plant in Shippingport, Pennsylvania, will remain open. FES in March 2018 had told state regulators it would close the plant in 2021 because it was no longer economic to operate.
Energy Harbor President and CEO John Judge said the decision to keep the plant open came after Pennsylvania Gov. Tom Wolf said the state would join the Regional Greenhouse Gas Initiative (RGGI), a program for capping and decreasing carbon dioxide (CO2) emissions from the power generation sector that currently includes 10 states in the U.S. Northeast and mid-Atlantic.
Energy Harbor, headquartered in Akron, Ohio, was announced as the new name for FES in late February. The company while operating as FES was the unregulated power generation arm of FirstEnergy Corp.;…
The list of 181 CEOs who earlier this week moved to publicly degrade shareholder value in a bid to redefine the “purpose of a corporation” includes several chief executives from power companies.
The Aug. 19 statement issued by the Business Roundtable, an association of CEOs “to promote a thriving U.S. economy and expanded opportunity for all Americans through sound public policy,” moves away from the primacy of shareholder interests. That notion—that corporations exist principally to serve shareholders—has belied principles endorsed by the group since 1997.
Instead, the group sought to outline a “modern standard for corporate responsibility.” While it still emphasizes a commitment to generate “long-term value” to shareholders, who provide capital that allow companies to “invest, grow, and innovate,” the group’s new statement prioritizes delivering value to customers, investing in employees, dealing fairly and ethically with suppliers, and community support.
The shift comes as large corporations face increasing public pressure over their societal impacts, including over working conditions, wages, and product safety.…