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Tag: Worldwide

Coal-Fired Generation Down 30% in U.S., 8% Worldwide

August 14, 2020
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The post Coal-Fired Generation Down 30% in U.S., 8% Worldwide appeared first on POWER Magazine.

Analysis from a global energy organization said power generation from coal-fired units fell 8.3% in the first half of 2020, with the world’s coal fleet running at less than half its capacity. The drop for U.S. coal generation was more steep, with the U.S. Energy Information Administration (EIA) reporting the output from the nation’s coal units was 30% lower this year compared to the first six months of 2019.

The Ember group, a UK-based think tank, said the global drop was in part due to significantly lower demand for power during the coronavirus pandemic, and coal’s share of generation also was eroded by increased production of electricity from renewables such as solar and wind. Investments in renewable energy continue to increase worldwide as wind and solar power have become competitive with fossil fuel-fired generation.

Ember’s global half-year electricity analysis, released August 13, comes at the same time as the EIA’s latest Short-Term Energy Outlook (STEO), published Tuesday.…

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NuScale Gains Potential Financial Backing for Worldwide SMR Deployment 

May 5, 2019
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NuScale Power, the front-runner in the race to commercialize small modular reactors (SMRs), has bagged another major backer that could broaden its nuclear supply chain base and expand its financial standing. 

On April 29, NuScale signed a memorandum of understanding (MOU) with Doosan Heavy Industries and Construction (DHIC), a South Korean–based engineering, procurement, and construction contractor with a wide global network, that supports deployment of NuScale’s Power Module worldwide. “The relationship includes DHIC, a member of the Doosan Group, and potential Korean financial investors, which, commensurate to final due diligence, plan to make a cash equity investment in NuScale,” NuScale said on Monday. 

DHIC, which has an integrated manufacturing facility in Changwon, South Korea, that it says is “capable of raw material production to final assembly of nuclear components,” has supplied 32 nuclear reactor vessels and 114 steam generators for nuclear plants in South Korea, China, the U.S., and the United Arab Emirates. 

A First-of-its-Kind Nuclear Project

Under the MOU, the companies will negotiate a strategic supplier agreement by July 2019 that would task DHIC with building a portion of the Power Module’s “most critical and complex” sub-assemblies for the plant that NuScale is developing for Utah Associated Municipal Power Systems (UAMPS), the companies said.…

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