As the U.S. power industry evolves toward cleaner energy sources, the construction industry is following the trend by diversifying into new markets and, in some cases, getting out of traditional ones.
Developers are looking to replace aging, coal-fired unit with efficient, cleaner gas-fired plants. In a market in which many plants are built on spec, each new project threatens the economics of all plants.
Hawaii utility Hawaiian Electric Co. has withdrawn its $1.2-billion plan to upgrade oil-fired power plants to burn natural gas after state regulators rejected its planned merger with Florida-based clean-energy firm NextEra Energy Inc.
In a power-generation market buffeted by cheap natural gas, increasingly cheap wind and solar energy, demands for carbon-free fuels, environmental regulations, distributed energy resources,
advances in energy storage and other innovations and changes, what role can nuclear energy play?
Siemens AG has installed the first of two 400-MW turbines at the Beni Suef combined-cycle power plant in Egypt, a major milestone in the construction of three Egyptian power plants that will have a total capacity of 14.4 GW