Tag: power

Five Reasons Remote Technology Makes Sense Even If You Never Plan to Operate Your Power Plant Remotely

January 25, 2021
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The post Five Reasons Remote Technology Makes Sense Even If You Never Plan to Operate Your Power Plant Remotely appeared first on POWER Magazine.

The case for advanced analytics and remote diagnostics

During the last 25 years significant advancements have been made in remote monitoring capabilities for power plants. A number of operations and maintenance (O&M) functions can routinely be managed remotely, and it is also becoming more common for peaking and renewable energy plants to be remotely operated reliably and safely.

Operating and maintaining a full-scale power plant remotely presents challenges that require sophisticated systems, reliable sensor and diagnostic equipment, stable high-bandwidth communication, and advanced security protocols. Even with progress made in each of these areas, some plant managers don’t foresee a scenario where remote operations will become the norm. But even in cases where there are no plans to run a generating station from a remote location, there is still a solid case for adopting remote technology.

Here are five reasons why the case for remote technology is stronger today than ever before.…

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Court Kills Trump Rule on Power Plant Emissions

January 21, 2021
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The post Court Kills Trump Rule on Power Plant Emissions appeared first on POWER Magazine.

A federal appeals court has vacated the Trump administration’s rollback of Obama-era greenhouse gas emission standards for power plants. A three-judge panel of the U.S. Court of Appeals for the District of Columbia on Jan. 19 said the measure intended to replace those standards, the Affordable Clean Energy (ACE) rule, “rested critically on a mistaken reading of the Clean Air Act,” or CAA.

The panel in its ruling said the U.S. Environmental Protection Agency’s (EPA’s) recission of the 2015 Clean Power Plan (CPP), and subsequent adoption of the 2019 ACE rule, failed to comply with the CAA. The decision is another blow to the Trump administration’s bid to leave a legacy of deregulation, particularly at the EPA, as it rebukes one of the administration’s highest-profile replacements of Obama-era environmental rules.

The judges among other things found that the ACE rule failed to provide adequate environmental and public health protections.…

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The POWER Interview: ‘Dispatchable Power Through Commercial Fusion’

January 19, 2021
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The post The POWER Interview: ‘Dispatchable Power Through Commercial Fusion’ appeared first on POWER Magazine.

The goal of economic power generation from fusion has been elusive, but that hasn’t deterred researchers from exploring ways to develop the technology in a way that would support commercial electricity production.

POWER magazine has covered the evolution of fusion research and development for many years, and nuclear experts now think we could be just years—not decades—away from commercial applications.

Michl Binderbauer, CEO of TAE Technologies, is among those working to commercialize fusion. His California-based company, founded in 1998, has explored many concepts related to fusion; some of the company’s technical writings are available here.

Binderbauer recently answered questions from POWER about his company’s work and the challenges of developing a power management strategy to make fusion energy a commercial reality.

POWER: Increased investment into the research and development of fusion energy is driving a more realistic view of the technology as a viable option to provide abundant, reliable electricity.…

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The POWER Interview: Evaluating Energy Investments

January 9, 2021
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The post The POWER Interview: Evaluating Energy Investments appeared first on POWER Magazine.

Global upheaval in energy markets has been exacerbated by the coronavirus pandemic, and by ever-changing political winds, with energy investors at times torn between finding the best returns while also considering the impact of climate change.

Many economies depend on fossil fuels, so moves away from coal-fired power and other forms of thermal generation can have large economic consequences. There also have been concerns about maintaining reliable—and resilient—supplies of electricity as baseload power sources are shuttered and retired. Governments setting carbon-neutral and other climate goals must consider the importance of providing reliable power to national, state and provincial, and local regions, while minimizing economic impacts. 

Shilpa Kokate

Several analysts who have spoken to POWER in the past year have discussed the balancing act facing investors, including many of the world’s largest banks and financial institutions, when it comes to performing fiduciary duties for their clients while at the same time pursuing environmental, social, and governance (ESG) strategies.…

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Biden Presidency Promises Change for Power Industry

January 7, 2021
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The post Biden Presidency Promises Change for Power Industry appeared first on POWER Magazine.

As we get closer to the presidential inauguration, and with President-elect Biden’s announcement of his Cabinet picks for the Department of Energy (DOE), Environmental Protection Agency (EPA), and the Department of the Interior (Interior), we begin the inevitable hypothesizing about which “Day 1 actions” will be taken, which actions will be among the administration’s “100 Day actions,” and what priorities will bleed into 2022 or beyond. 

COMMENTARY

President-elect Biden has put forth a sweeping platform during the campaign, a platform that if accomplished would completely transform the U.S. energy system within the next several decades by putting the country on a path to achieve net-zero emissions, economy-wide, by 2050, and to generate electricity from renewable sources in order to achieve a carbon pollution-free power sector by 2035. To achieve these goals, substantial technological advancement is required, including significant changes to the power generation, transmission, and distribution systems.…

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GE Will Pay $200M Penalty for Power Business Violations

December 15, 2020
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The post GE Will Pay $ 200M Penalty for Power Business Violations appeared first on POWER Magazine.

General Electric (GE) has agreed to pay a $ 200 million penalty to settle claims by the U.S. Securities and Exchange Commission (SEC) that the company misled investors when it failed to disclose material information related to its power and insurance businesses.

In an order on Dec. 9 capping an investigation that the SEC opened in January 2018, the federal agency said GE misled investors when it failed to disclose that more than a quarter of GE Power’s reported profits in 2016, and almost half of its reported profits in the first three quarters of 2017, resulted from reductions in estimates of the cost to complete multiyear agreements to provide repairs and service for customers’ power turbines. 

The order outlines a series of events related to the claim, starting with a May 2015 investor conference, when GE’s then-CEO Jeff Immelt described a framework for future earnings growth, even as GE Power was undergoing substantial changes.…

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