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Tag: Surge

Funding the Power Surge: Navigating the Trillion-Dollar Investment in the U.S. Power Sector

April 27, 2025
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The U.S. power sector stands at a juncture, facing a confluence of factors that are poised to trigger an era of unprecedented growth and necessitate a large influx of capital. Driven by the increasing demand from data centers, the reshoring of manufacturing, and electrification across transportation, heating, and industry, the demand for electricity is rising at a pace unseen in recent decades.

The post Funding the Power Surge: Navigating the Trillion-Dollar Investment in the U.S. Power Sector appeared first on POWER Magazine.

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PJM Capacity Auction Prices Surge Over Nine-Fold, Signal Urgent Need for New Power Generation

July 31, 2024
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Prices at PJM Interconnection’s 2025/2026 base residual auction (BRA) spiked to $ 269.92/MW-day for most resources in the wholesale power market, pointing to a tightening supply-demand balance that could have significant […]

The post PJM Capacity Auction Prices Surge Over Nine-Fold, Signal Urgent Need for New Power Generation appeared first on POWER Magazine.

Clearing price results in PJM’s Base Residual Auction (BRA) from delivery year 2007/2008 to 2024/2025. Courtesy: PJM

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Federal Reserve Executive Says The Delta Variant Surge May Disrupt The Job Market As ‘It’s Creating A Bunch Of Caution’ – Forbes

August 3, 2021
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Federal Reserve Executive Says The Delta Variant Surge May Disrupt The Job Market As ‘It’s Creating A Bunch Of Caution’  Forbes
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With latest coronavirus surge, Georgia job market struggling – Atlanta Journal Constitution

December 11, 2020
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With latest coronavirus surge, Georgia job market struggling  Atlanta Journal Constitution
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Pennsylvania Site Latest Gas Plant Online in Building Surge

June 26, 2020
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The post Pennsylvania Site Latest Gas Plant Online in Building Surge appeared first on POWER Magazine.

Gas-fired power generation in the U.S. remains the top source of electricity production, even as renewable energy continues to take market share. A POWER analysis of projects shows nearly 180 gas-fired units are either under construction or in development nationwide, with more than 2,000 gas-fired plants currently in operation.

One of the most-recent plants to come online is the $ 863 million, 1,000-MW Hickory Run Energy Center (Figure 1) near New Castle, Pennsylvania, northwest of Pittsburgh. The project’s developers, including Kansas-based Tyr Energy, a subsidiary of Japan’s ITOCHU Corp.; Kansai Electric Power Co. (KEPCO); and Siemens Financial Services, in mid-June publicly announced that the plant began commercial operations in mid-May.

“We’ve been going pretty steadily. It’s in the market and producing electricity much of the time. This is an efficient unit. So we expect it to stay operational most of the time,” Brock Shealy, vice president of Hickory Run LLC and chief administrative officer of Tyr Energy, said in a statement.…

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U.S. LNG Exports Surge in 2016—But Not Where They Were Expected

January 6, 2017
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The U.S. took a big step toward becoming a major exporter of liquefied natural gas (LNG) in 2016 as Cheniere Energy’s Sabine Pass export terminal in Louisiana came online early last year and upgrades to the Panama Canal that opened in June made shipments to the Pacific region considerably easier. Data from the Department of Energy (DOE) through December 2016 show the U.S. exported 109 billion cubic feet (Bcf) of LNG through December 16, an average of about 0.3 Bcf/d for the year as a whole.

But the predominant destinations were not what most experts had predicted. Despite signs that U.S. LNG would seek out high-priced markets in east Asia and lower-priced-but-still-attractive markets in Europe, the majority of exports went somewhere else entirely: Latin America.

DOE data show that only two shipments went to Europe (one to Spain and the other to Portugal) while only a single one went to China, for a total of just 9.7 Bcf. Four shipments went to India, totaling 13.8 Bcf.…

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