On Friday, the U.S Department of Energy said it is seeking private industry partners to develop small modular nuclear reactors (SMRs).
Earlier this month Duke Energy Corporation (NYSE: DUK) released the white paper Duke Energy: Developing the Communications Platform to Enable a More Intelligent Electric Grid [pdf]. The paper addresses the company’s vision and plan to digitize the electric grid.
A consortium of Siemens Energy, a division of German-based Siemens AG (NYSE: SI), and Prysmian Cables & Systems, a division of Italy-based Prysmian SpA (Milan: PRY.MI), has won a $400 million turnkey contract to design, supply and install a HVDC (high-voltage direct-current) link to connect the power supply networks of New Jersey and New York, the companies announced today. Construction has begun and the link is scheduled to come on line in the summer of 2013.
Texas retains its huge lead as the largest generator of electricity in the U.S., including the largest total amount of renewable energy generation and the largest year-over-year additions of renewable energy, according to EnergyBoom’s analysis of the latest U.S. Energy Information Agency data for January and February 2011 released May 13. Renewable energy in this data is defined as wind, solar, wood-derived fuels and biomass, and geothermal.
NextEra Energy, Inc. (NYSE: NEE), one of the largest power generators in the U.S. and the leading producer of power from wind and solar projects, released its Q1 2011 financial results Friday and said it had signed long-term power purchase agreements (PPAs) for an additional 400 megawatts (MW) of wind power since the beginning of 2011. At the end of 2010, NextEra had nearly 43,000 MW of generating capacity (approximately 53% natural gas, 19% wind, 13% nuclear, 13% oil and coal, and 2% hydro and solar), according to the company’s regulatory filings.
Shares of tiny photovoltaic (PV) systems and module manufacturer Solar Power, Inc. (OTCBB: SOPW.OB) jumped 30 percent Thursday (but slipped back six per cent in early trading today) after it announced that LDK Solar Co., Ltd. (NYSE: LDK), the world’s largest producer of multicrystalline PV wafers, was buying 70 percent of the company for approximately $33 million.
Other news: AQT Solar heading to South Carolina