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Oklo has moved to acquire Atomic Alchemy, a U.S. firm specializing in high-value radioisotopes, in a $ 25 million all-stock transaction. The acquisition will add radioisotope production capabilities to Oklo’s advanced […]
The post Oklo’s $ 25M Move into Radioisotope Production to Expand Advanced Nuclear Revenue Stream appeared first on POWER Magazine.
A Spanish infrastructure company said it has achieved a “historic milestone” for Spain’s energy industry. Madrid-headquartered Redexis announced has begun injecting hydrogen produced with renewable energy into the country’s natural […]
The post Spanish Group Injecting Hydrogen Into Natural Gas Network appeared first on POWER Magazine.
To secure federal funding, developers must navigate various financing and investment options related to grid resiliency and modernization, transmission deployment, and critical electric generation facilities. Responding to funding demands, however, […]
The post Energizing the Grid: Insights into the DOE’s GRIP Program appeared first on POWER Magazine.
A California developer of concentrated solar power (CSP) systems has announced an innovation that it says combines the company’s technologies to turn existing oil wells into energy storage sites that can provide clean energy.
Hyperlight Energy on Feb. 24 said it was launching Tectonic Sun, an electricity generation technology that when paired with the company’s Hylux solar thermal solution can provide “zero-carbon electricity” from oil wells “while reducing emissions during the extraction process at enhanced oil recovery [EOR] sites.” Hyperlight on Thursday said the new system “is capable of providing emissions-free power with 80% capacity factor for use at any time of day or night throughout the year.” (Go here to view a video detailing how the technology works.)
The company has a technology demonstration project, Tectonic Sun Alpha, at a Hathaway oil drilling site in Bakersfield, California. Hathaway is an independent, Bakersfield-based drilling company that operates six oil and gas fields in Kern County, California.
“The industry is increasingly embracing the concept of cost reduction through repurposing oil wells, as shown by the Department of Energy’s Geothermal Technology Office [GTO] recently announced group of projects aiming to use old oil wells to access traditional geothermal-based heat, and Southern Company’s research collaboration with innovator Petrolern, to ‘Convert Oil Wells to Geothermal Resources’,” said John King, CEO of Hyperlight Energy.…
Researchers in China have published the results of a study that the group said provides an efficient catalytic approach to directly transfer solid biomass into natural gas, while enabling the gas to have a low-carbon footprint.
The researchers said bio-natural gas produced from the hydrogen combined with lignocellulosic biomass could be used at power plants, and would have applications for transportation and other industries. The group said it could be transported using existing pipeline infrastructure.
China’s Biomass Energy Industry Promotion Association (BEIPA) last year reported that the country annually produces more than 900 million tons of agricultural and forestry biomass. BEIPA officials said the biomass could generate power equal to that from about 400 million tons of coal, and said the figure is higher when including organic waste from urban and rural areas.
The study, supported by several entities including the Natural Science Foundation of China and published in January by the scientific journal Nature Communications, provides what the group calls new guidance for the catalytic transformation of raw biomass.…
The grid must accommodate more inverter-based generation and adequately handle the bi-directional flow of electricity, but it must also apply alternative grid configurations and coordinate planning and operations across multiple participants and jurisdictions. That’s the vision Michael Pesin, deputy assistant secretary for the Department of Energy’s (DOE’s) Advanced Grid Research and Development division, outlined in detail in a keynote speech for attendees at the Experience POWER conference and exhibition, which took place this week in San Antonio, Texas.
The vision is rooted in multiple priorities laid out by the Biden administration, which include ensuring the nation’s power infrastructure is “fully modernized, secure, resilient, and reliable,” said Pesin. Its urgency is also remarkable: “The goal is to have a pollution-free power sector by 2035 and a net-zero greenhouse gas [GHG] emission economy by 2050,” he noted.
However, it is already rife with challenges: “In the wake of major rolling blackouts, like the energy emergencies in 2020 and 2021, it is no secret to anyone that today’s electric grid is being pushed to do more than it was originally designed to do, and, designed 100 years ago, it is pretty much based on the same principles.”…