Alabama Power purchased the Calhoun Natural Gas Facility in order to help improve its grid reliability. “The Calhoun facility, located in Eastaboga, Alabama, includes four simple cycle combustion turbine units that can operate on either gas or oil, having onsite oil storage as a backup fuel source. Constructed in 2003-2004, the units have a combined maximum generation capacity of 743 MW.”
Will Fusion Energy Power the Grid in the Next Decade?
Fusion Energy is becoming exceedingly more popular with an investment increase of nearly 150% (just shy of $3 Billion) from last year. “The industry is becoming more optimistic that fusion power will be accessible to the grid by the 2030s, according to the Fusion Industry Association (FIA).
Six participating companies have collectively raised more than $200 million, the FIA reported. Commonwealth Fusion Systems raised $1.8 billion, and Helion Energy raised $500 million.”
The DOE Announces $1 Billion Plan for Improving Power Systems to Rural Areas
By T&D World:
The US Department of Energy (DOE) is seeking information (RFIs) from rural areas in order to improve power generation to rural and remote users. DOE will spend $1 Billion for this plan to enhance the power grid by strengthening the power “resilience, reliability, and availability of energy systems, while simultaneously helping communities unlock the public health and cost-saving benefits to cleaner, and more efficient energy providers.”
The Pilot Convenience Store Chain Begins Adding Hundreds of EV Charging Stations
Pilot is adding a competitive advantage in the race with other retailers on their plans to add electric vehicle charging stations. Pilot wants to create the “right experience” for its customers.
Pilot plans to add a total of 2,000 fast EV charging stations with protective canopies at 500 locations within the states as early as 2023. Pilot expects users to utilize their quick EV chargers between 15 to 45 minutes.
Westinghouse Will Be Purchased for $7.9 Billion
Westinghouse is being purchased by two entities: “Cameco Corp (CCO.TO) and Brookfield Renewable Partners said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9-billion deal including debt, amid renewed interest in nuclear energy.
The deal for one of the most storied names in the American power industry at an equity value of $4.5 billion comes at a time when nuclear power is seeing an uptick in interest amid an energy crisis in Europe and soaring crude oil and natural gas prices.”
Dominion Energy Proposes New Solar and Energy Storage Projects in Virginia
“Dominion Energy has proposed nearly two dozen new solar and energy storage projects, according to new filings with Virginia regulators. If approved by the Virginia State Corporation Commission (SCC), the projects will provide more than 800 MW of electricity.
Ten solar and storage projects totaling nearly 500 MW would be directly owned and operated by Dominion. The proposal also includes PPAs with 13 solar and storage projects, totaling more than 300 MW.
Construction of the projects is projected to support nearly 4,800 clean energy jobs and will generate more than $920 million in economic benefits across Virginia.”