Creative Disruption
Today’s technologies are causing utilities to rethink their business models.
Toshiba to Participate in Large-scale Hydrogen Research Project in Scotland
Submitted by aburr on Wed, 2015-03-25 14:27Toshiba will participate in the Levenmouth Community Energy Project in Fife, Scotland, a 4-year project to investigate the potential of hydrogen as a future fuel. The project will run from 2015 to 2020 in a redevelopment area of the Methil Docks in Methil, Fife. Electricity generated by wind and solar power will be used to power a hydrogen producing water electrolysis system, and the hydrogen will be stored and used as a fuel source for hybrid commercial vehicles (HCV) powered by fuel cells and diesel engines.
PSEG Long Island Further Strengthens Electric Grid
Submitted by aburr on Wed, 2015-03-25 14:27PSEG Long Island embarked on a federally funded, three-year reliability and resiliency project to further strengthen the electric grid across Long Island and in the Rockaways. More than $729 million of federal recovery funds were secured for the Long Island Power Authority via an agreement last year between Governor Andrew M. Cuomo and the Federal Emergency Management Agency (FEMA), under the FEMA 406 Mitigation Program.
PG&E Wins Right to Develop Two New Transmission Substations
Submitted by aburr on Wed, 2015-03-25 14:26Pacific Gas and Electric (PG&E) was selected by the California Independent System Operator (CAISO) to build, own and operate two new electric substations in California's Central Valley and South Bay. The new high voltage substation at Wheeler Ridge Junction will help improve electric service reliability in Bakersfield, especially in the hot summer months when demand for power is higher. The substation projects will need to undergo an approval process through the California Public Utilities Commission.
NRC Approves Safety Report for Westinghouse Small Modular Nuclear Reactor
Submitted by aburr on Wed, 2015-03-25 14:23The U.S. Nuclear Regulatory Commission (NRC) approved Westinghouse Electric’s testing approach for the Westinghouse small modular reactor (SMR) design. The NRC told Westinghouse that it has granted a safety evaluation report (SER) for the licensing topical report that the company submitted in April 2012 for agency review and approval. The Westinghouse SMR is a 225-MW integral pressurized water reactor with all primary components located inside of the reactor vessel.
ABB Wins $900 Million Order to Connect Norwegian and German Power Grids
Submitted by aburr on Wed, 2015-03-25 14:22ABB
Dominion Virginia Power to Install Virginia's Largest Solar Installation at Philip Morris USA
Submitted by aburr on Wed, 2015-03-25 14:22Philip Morris USA (PM USA) is the latest company to partner with Dominion Virginia Power under the Solar Partnership Program by hosting what will become the largest solar installation in Virginia to date. Dominion is currently installing about 8,000 ground-mounted solar panels at the PM USA Park 500 facility in Chesterfield County. When completed, the 2,450-kW solar array will generate enough electricity under optimum conditions to power 500 homes. The energy generated by the solar panels is delivered to the power grid.
RET Capital Secures Over $200 Million in Financing for Four Solar Projects
Submitted by aburr on Wed, 2015-03-25 14:21Renewable Energy Trust Capital (RET Capital) closed on over $200 million in financing for four solar projects in the U.S. and Canada. The independent renewable finance platform closed a CAD $115 million non-recourse debt to support the acquisition of two solar facilities in Ontario, Canada.