Business Archives https://www.powermag.com/category/business/ The power industry's trusted source for generation technology, O&M, and legal & regulatory news for coal, gas, nuclear, hydro, wind & solar power plants; power jobs Tue, 09 Dec 2025 15:48:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.powermag.com/wp-content/uploads/2020/11/cropped-p-power-32x32.jpg Business Archives https://www.powermag.com/category/business/ 32 32 Report: U.S. Adds 11.7 GW of New Solar Capacity in Q3 https://www.powermag.com/report-u-s-adds-11-7-gw-of-new-solar-capacity-in-q3/ https://www.powermag.com/report-u-s-adds-11-7-gw-of-new-solar-capacity-in-q3/#respond Tue, 09 Dec 2025 15:48:08 +0000 https://www.powermag.com/?p=246250 The U.S. solar power industry installed 11.7 GW of new generation in the third quarter of this year, according to a report from Wood Mackenzie and the Solar Energy Industries Association (SEIA). It's the third-largest quarterly gain on record, and moves total solar installations in 2025 above the 30-GW level.

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Bechtel is adding 900 megawatts of new renewable power to Mammoth Solar.

]]> https://www.powermag.com/report-u-s-adds-11-7-gw-of-new-solar-capacity-in-q3/feed/ 0 Nuclear Startup Announces Kansas Site for Mile-Deep Reactor Pilot https://www.powermag.com/nuclear-startup-announces-kansas-site-for-mile-deep-reactor-pilot/ https://www.powermag.com/nuclear-startup-announces-kansas-site-for-mile-deep-reactor-pilot/#respond Fri, 05 Dec 2025 20:09:33 +0000 https://www.powermag.com/?p=246114 A California-based nuclear energy company with plans to place small modular reactors (SMRs) in mile-deep boreholes said it will break ground December 9 for a pilot project at a site in Parsons, Kansas. Berkeley-headquartered Deep Fission on December 4 said the company’s Gravity Nuclear Reactor is bring prepared for the Great Plains Industrial Park. Deep […]

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]]> https://www.powermag.com/nuclear-startup-announces-kansas-site-for-mile-deep-reactor-pilot/feed/ 0 Idaho Utility Celebrates 125 Years, Brings New Peaker Plant Online https://www.powermag.com/idaho-utility-celebrates-125-years-brings-new-peaker-plant-online/ https://www.powermag.com/idaho-utility-celebrates-125-years-brings-new-peaker-plant-online/#respond Fri, 05 Dec 2025 17:59:18 +0000 https://www.powermag.com/?p=246104 Idaho Falls Power celebrated the formal launch of a new natural gas-fired peaking generation plant on December 4, calling the occasion a “major milestone” in its 125-year history.

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Idaho Falls Power ESI

]]> https://www.powermag.com/idaho-utility-celebrates-125-years-brings-new-peaker-plant-online/feed/ 0 Looking Back at 2025 to Look Forward for 2026: Navigating Policy Shifts and Market Surges https://www.powermag.com/looking-back-at-2025-to-look-forward-for-2026-navigating-policy-shifts-and-market-surges/ https://www.powermag.com/looking-back-at-2025-to-look-forward-for-2026-navigating-policy-shifts-and-market-surges/#respond Fri, 05 Dec 2025 14:52:55 +0000 https://www.powermag.com/?p=246080 The past year saw a multitude of factors driving up electricity prices, including rapid growth in electricity demand, supply chain tightness, deployment delays for transmission and production projects, and an uncertain political and permitting climate. We expect all of these trends to continue in 2026. Changing economics have turned the justification for project development in […]

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The Duane Arnold Energy Center, Iowa’s only nuclear power plant, began commercial operation in February 1975. Located in Palo, Iowa, about 9 miles northwest of Cedar Rapids, it was built in a low-seismic-risk area near the Cedar River and designed to withstand major flooding. After a derecho in August 2020 caused severe damage to its cooling towers, the 615-MW facility was retired earlier than its planned date in 2025. Originally licensed to operate until 2034, the plant is now undergoing decommissioning under the NRC’s SAFSTOR method. Courtesy: NextEra Energy

]]> https://www.powermag.com/looking-back-at-2025-to-look-forward-for-2026-navigating-policy-shifts-and-market-surges/feed/ 0 INL Taps AWS, GE Vernova, Oil Majors for First MARVEL Microreactor Experiments https://www.powermag.com/inl-taps-aws-ge-vernova-oil-majors-for-first-marvel-microreactor-experiments/ https://www.powermag.com/inl-taps-aws-ge-vernova-oil-majors-for-first-marvel-microreactor-experiments/#respond Thu, 04 Dec 2025 19:01:10 +0000 https://www.powermag.com/?p=246024 Idaho National Laboratory (INL) has selected the five commercial teams that will potentially demonstrate advanced applications—including data center integration—at its much-watched Microreactor Application Research Validation and Evaluation (MARVEL) platform, an 85-kWth/20-kWe liquid-metal-cooled test bed currently under construction at the lab. The initial selections, unveiled on Dec. 4, mark the “first potential end users for MARVEL,” […]

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MARVEL, under development at Idaho National Laboratory (INL), is a 85-kWth/20-kWe sodium-potassium-cooled microreactor that will help researchers explore advanced reactor applications, including microgrid integration, remote monitoring, and autonomous control technologies. TRIGA International recently began fabricating fuel for MARVEL, with the first shipment expected by spring 2025. Fuel loading is planned for 2026, and the reactor is projected to be operational by 2027. Source: DOE

]]> https://www.powermag.com/inl-taps-aws-ge-vernova-oil-majors-for-first-marvel-microreactor-experiments/feed/ 0 SmartestEnergy US Partners with GridBeyond to Optimize Three Energy Storage Resources in ERCOT Totalling 29.7 MW https://www.powermag.com/smartestenergy-us-partners-with-gridbeyond-to-optimize-three-energy-storage-resources-in-ercot-totalling-29-7-mw/ https://www.powermag.com/smartestenergy-us-partners-with-gridbeyond-to-optimize-three-energy-storage-resources-in-ercot-totalling-29-7-mw/#respond Wed, 03 Dec 2025 21:38:40 +0000 https://www.powermag.com/?p=245998 SmartestEnergy US, part of a global energy company helping businesses navigate the energy transition, has selected GridBeyond, a global smart energy company, as its technology partner to optimize battery energy storage systems (BESS) in the Electric Reliability Council of Texas (ERCOT) market. The strategic partnership will leverage GridBeyond’s advanced price forecasting, bid optimization, and trading […]

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SmartestEnergy PR

]]> https://www.powermag.com/smartestenergy-us-partners-with-gridbeyond-to-optimize-three-energy-storage-resources-in-ercot-totalling-29-7-mw/feed/ 0 INTEC Chosen to Build 50-MW Solar Power Facility in Germany https://www.powermag.com/intec-chosen-to-build-50-mw-solar-power-facility-in-germany/ https://www.powermag.com/intec-chosen-to-build-50-mw-solar-power-facility-in-germany/#respond Wed, 03 Dec 2025 17:36:43 +0000 https://www.powermag.com/?p=245987 Global renewable energy contractor INTEC Energy Solutions has been selected by a leading European renewable energy investment group to lead construction of a 50-MW solar power plant in Lachendorf, Germany. INTEC on December 3 said it has been commissioned by AUKERA as the engineering, procurement, and construction (EPC) contractor for the project. The solar farm […]

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iza-crop-3 INTEC solar

]]> https://www.powermag.com/intec-chosen-to-build-50-mw-solar-power-facility-in-germany/feed/ 0 Antares Raises $96 Million in Series B Funding to Accelerate Nuclear Microreactor Development https://www.powermag.com/antares-raises-96-million-in-series-b-funding-to-accelerate-nuclear-microreactor-development/ https://www.powermag.com/antares-raises-96-million-in-series-b-funding-to-accelerate-nuclear-microreactor-development/#respond Wed, 03 Dec 2025 14:58:06 +0000 https://www.powermag.com/?p=245978 Antares, an advanced nuclear energy startup, announced the close of its $96-million Series B funding round, which was led by Shine Capital with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and other investors.

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]]> https://www.powermag.com/antares-raises-96-million-in-series-b-funding-to-accelerate-nuclear-microreactor-development/feed/ 0 DOE Selects TVA, Holtec to Receive $800 Million to Advance SMR Deployment https://www.powermag.com/doe-selects-tva-holtec-to-receive-800-million-to-advance-smr-deployment/ https://www.powermag.com/doe-selects-tva-holtec-to-receive-800-million-to-advance-smr-deployment/#respond Wed, 03 Dec 2025 13:56:38 +0000 https://www.powermag.com/?p=245967 The U.S. Department of Energy (DOE) said the agency has selected the Tennessee Valley Authority (TVA) and Holtec Government Services to support early deployments of advanced light-water small modular reactors (SMRs) in the U.S. The DOE on December 2 said project teams with the two groups will receive up to $800 million in "federal cost-shared funding" targeted for projects in Tennessee and Michigan.

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GE Vernova Hitachi Nuclear Energy BWRX-300 small modular reactor

]]> https://www.powermag.com/doe-selects-tva-holtec-to-receive-800-million-to-advance-smr-deployment/feed/ 0 Emerson Addresses Power Industry’s AI-Driven Demand Surge https://www.powermag.com/emerson-addresses-power-industrys-ai-driven-demand-surge/ https://www.powermag.com/emerson-addresses-power-industrys-ai-driven-demand-surge/#respond Mon, 01 Dec 2025 15:34:01 +0000 https://www.powermag.com/?p=245611 The power industry is experiencing unprecedented demand growth, driven largely by data centers and artificial intelligence (AI) applications. This surge is creating both opportunities and challenges for utilities, equipment manufacturers, and the broader power generation ecosystem. As a guest on The POWER Podcast, Seth Harris, growth director for Emerson’s Power business in North America, discussed […]

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Fig2-AI-digital-twin-simulation

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