Higher Fuel Costs and Power Outages Produced a Hard Spot for TVA in 2022

TVA-Power-Expenses

By PowerEngineering:

TVA’s financial statement filed with the Securities and Exchange Commission (SEC) showed fuel and power purchased expenses up nearly $2 billion in FY ’22 compared to the previous fiscal year. “Total operating expenses rose $2.5 billion for the year that ended Sept. 30, as compared to the prior year.

These increases were primarily due to higher natural gas and coal prices, along with increased market prices of purchased power. TVA said its fuel expenses alone rose by $830 million year-over-year. TVA said the average price of natural gas was almost 90% higher in 2022 as compared to 2021.”

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DOE Will Implement $350 Million in Long-Duration Energy Storage Projects

DOE-Energy-Storage

By T&D World:

The US Department of Energy (DOE) will deploy long-duration energy storage (LDES) projects for maintaining power delivery for “10 to 24 hours or longer to support a low-cost, reliable, carbon-free electric grid. Funded in part by President Biden’s Bipartisan Infrastructure Law, this funding opportunity will advance new renewable energy technologies, enhance the capabilities of customers and communities to integrate grid storage more effectively, increase grid resilience, and expand America’s global leadership in energy storage.

The Biden-Harris Administration, through the U.S. Department of Energy (DOE) has announced $350 million for these emerging” type projects.

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DOE: Distributed Energy Resources Need to Be Designed with Cybersecurity Protection

Cyber-protection-of-DERs

By Utility Dive:

Distributed Energy Resources (DERs) present major obstacles in grid reliability and protection against cyberattacks and threats. DOE states “they should be designed with security as a ‘core component.’

An attack on distributed solar or battery storage resources would have ‘negligible impact’ on grid reliability today, DOE said, but the capacity of DERs on the electric system is expected to quadruple by 2025 and the agency warned that each of those systems could be hacked.”

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Entergy Plans to Build a 250 MW Solar Farm in Arkansas

Entergy-PV-Solar-Project

By Renewable Energy World:

Entergy is planning to build a 250 MW solar farm project which will end up being Arkansas’s biggest renewable project. It will provide power to “steel manufacturing plants near Osceola in Mississippi County.

The Arkansas Public Service Commission greenlit the 250 MW Driver solar project, which would be built by Lightsource bp, one of the largest solar developers in the world.

Lightsource bp has completed development and permitting of the solar field and plans to build the facility under a build-transfer agreement with Entergy Arkansas.”

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Alabama Power Purchases the Calhoun Gas-Fired Generating Plant

Calhoun-Gas-Plant

By PowerEngineering:

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.”

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Will Fusion Energy Power the Grid in the Next Decade?

Nuclear-Fusion

By EE Times/Design Lines:

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.”

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