Finance Archives https://live-powermag.pantheonsite.io/category/finance/ 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 Thu, 14 Nov 2024 21:38:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.powermag.com/wp-content/uploads/2020/11/cropped-p-power-32x32.jpg Finance Archives https://live-powermag.pantheonsite.io/category/finance/ 32 32 Oklo’s $25M Move into Radioisotope Production to Expand Advanced Nuclear Revenue Stream https://www.powermag.com/oklos-25m-move-into-radioisotope-production-to-expand-advanced-nuclear-revenue-stream/ https://www.powermag.com/oklos-25m-move-into-radioisotope-production-to-expand-advanced-nuclear-revenue-stream/#respond Thu, 14 Nov 2024 17:54:21 +0000 https://www.powermag.com/?p=225417 Oklo has moved to acquire Atomic Alchemy, a U.S. firm specializing in high-value radioisotopes, in a $25 million all-stock transaction. The acquisition will add radioisotope production capabilities to Oklo’s advanced […]

The post Oklo’s $25M Move into Radioisotope Production to Expand Advanced Nuclear Revenue Stream appeared first on POWER Magazine.

Atomic Alchemy's Radioisotope Production Facility (Image: Hillside Architecture)

]]> https://www.powermag.com/oklos-25m-move-into-radioisotope-production-to-expand-advanced-nuclear-revenue-stream/feed/ 0 Major Microreactor Developer Enters Bankruptcy Amid Nuclear Industry Surge https://www.powermag.com/major-microreactor-developer-enters-bankruptcy-amid-nuclear-industry-surge/ https://www.powermag.com/major-microreactor-developer-enters-bankruptcy-amid-nuclear-industry-surge/#respond Tue, 29 Oct 2024 21:07:41 +0000 https://www.powermag.com/?p=224895 Ultra Safe Nuclear Corp. (USNC), a developer of much-watched microreactor technology and advanced nuclear fuel, has filed for Chapter 11 bankruptcy. The move signals a critical restructuring phase through which […]

The post Major Microreactor Developer Enters Bankruptcy Amid Nuclear Industry Surge appeared first on POWER Magazine.

USNC Micro Modular Reactor

]]> https://www.powermag.com/major-microreactor-developer-enters-bankruptcy-amid-nuclear-industry-surge/feed/ 0 Dominion Sells 50% Stake in $10B Offshore Wind Project https://www.powermag.com/dominion-sells-50-stake-in-10b-offshore-wind-project/ https://www.powermag.com/dominion-sells-50-stake-in-10b-offshore-wind-project/#respond Tue, 29 Oct 2024 15:56:35 +0000 https://www.powermag.com/?p=224883 Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an […]

The post Dominion Sells 50% Stake in $10B Offshore Wind Project appeared first on POWER Magazine.

The first six of 176 monopiles for the Coastal Virginia Offshore Wind project were installed in the Northwest corner of the lease area in May. Installation work, scheduled from May 1 to October 31 each year to protect the North Atlantic right whale migration, will continue through 2025. Courtesy: Dominion

]]> https://www.powermag.com/dominion-sells-50-stake-in-10b-offshore-wind-project/feed/ 0 AEP Ohio Proposes New Utility Tariff for Data Centers to Offset Infrastructure Costs https://www.powermag.com/aep-ohio-proposes-new-utility-tariff-for-data-centers-to-offset-infrastructure-costs/ https://www.powermag.com/aep-ohio-proposes-new-utility-tariff-for-data-centers-to-offset-infrastructure-costs/#respond Thu, 24 Oct 2024 12:47:24 +0000 https://www.powermag.com/?p=224759 American Electric Power (AEP) subsidiary AEP Ohio filed a settlement agreement with the Public Utilities Commission of Ohio (PUCO) and key stakeholders on Oct. 23 to address the costs of […]

The post AEP Ohio Proposes New Utility Tariff for Data Centers to Offset Infrastructure Costs appeared first on POWER Magazine.

transmission-tower-3387882_1280

]]> https://www.powermag.com/aep-ohio-proposes-new-utility-tariff-for-data-centers-to-offset-infrastructure-costs/feed/ 0 DOE Releases $900M to Spur Gen III+ Nuclear SMR Deployment, Targets Two ‘First Mover’ Projects https://www.powermag.com/doe-releases-900m-to-spur-gen-iii-nuclear-smr-deployment-targets-two-first-mover-projects/ https://www.powermag.com/doe-releases-900m-to-spur-gen-iii-nuclear-smr-deployment-targets-two-first-mover-projects/#respond Thu, 17 Oct 2024 12:07:06 +0000 https://www.powermag.com/?p=224601 A $900 million funding opportunity released by the Department of Energy (DOE) on Oct. 16 seeks to spur “first mover” teams that could deploy the first two Gen III+ light […]

The post DOE Releases $900M to Spur Gen III+ Nuclear SMR Deployment, Targets Two ‘First Mover’ Projects appeared first on POWER Magazine.

NuclearCoolingTowersSunset_POWER_Web

]]> https://www.powermag.com/doe-releases-900m-to-spur-gen-iii-nuclear-smr-deployment-targets-two-first-mover-projects/feed/ 0 Amazon Backs Massive Nuclear SMR Deployment: 5 GW with X-Energy, Agreements With Energy Northwest, Dominion https://www.powermag.com/amazon-backs-massive-nuclear-smr-deployment-5-gw-with-x-energy-agreements-with-energy-northwest-dominion/ https://www.powermag.com/amazon-backs-massive-nuclear-smr-deployment-5-gw-with-x-energy-agreements-with-energy-northwest-dominion/#respond Wed, 16 Oct 2024 15:01:58 +0000 https://www.powermag.com/?p=224554 In yet another major set of deals spearheaded by a tech giant in support of nuclear power development, Amazon will back the deployment of 5 GW of new X-energy small […]

The post Amazon Backs Massive Nuclear SMR Deployment: 5 GW with X-Energy, Agreements With Energy Northwest, Dominion appeared first on POWER Magazine.

X-energyRendering

]]> https://www.powermag.com/amazon-backs-massive-nuclear-smr-deployment-5-gw-with-x-energy-agreements-with-energy-northwest-dominion/feed/ 0 How Energy Services Businesses Can Adapt and Win in a Changing Market https://www.powermag.com/how-energy-services-businesses-can-adapt-and-win-in-a-changing-market/ https://www.powermag.com/how-energy-services-businesses-can-adapt-and-win-in-a-changing-market/#respond Tue, 03 Sep 2024 10:15:00 +0000 https://www.powermag.com/?p=222321 Energy services businesses are poised to benefit from an unprecedented amount of government support for energy infrastructure. However, choppy waters lie ahead as business models and market conditions evolve

The post How Energy Services Businesses Can Adapt and Win in a Changing Market appeared first on POWER Magazine.

Fig1-NERC-Electrical-Services-transformer-maintenance

]]> https://www.powermag.com/how-energy-services-businesses-can-adapt-and-win-in-a-changing-market/feed/ 0 Forced Outage Parametric Insurance Solutions for CCGTs https://www.powermag.com/forced-outage-parametric-insurance-solutions-for-ccgts/ https://www.powermag.com/forced-outage-parametric-insurance-solutions-for-ccgts/#respond Thu, 01 Aug 2024 11:42:29 +0000 https://www.powermag.com/?p=221047 Combined cycle gas turbine (CCGT) power plants started appearing on a larger scale in the late 1990s and have since then been a very efficient supplier of baseload and lately […]

The post Forced Outage Parametric Insurance Solutions for CCGTs appeared first on POWER Magazine.

Image-1-Cascade-Combined-Cycle-Gas-Turbine-CCGT-Power-Plant

]]> https://www.powermag.com/forced-outage-parametric-insurance-solutions-for-ccgts/feed/ 0 Nuclear Cogeneration Gains Momentum in Wyoming with New Microreactor Partnership https://www.powermag.com/nuclear-cogeneration-gains-momentum-in-wyoming-with-new-microreactor-partnership/ https://www.powermag.com/nuclear-cogeneration-gains-momentum-in-wyoming-with-new-microreactor-partnership/#respond Wed, 24 Jul 2024 15:08:05 +0000 https://www.powermag.com/?p=221344 Engineering giant Burns & McDonnell has entered into an agreement with nuclear technology specialist BWXT Technologies to advance the design and development of the BWXT Advanced Nuclear Reactor (BANR). The […]

The post Nuclear Cogeneration Gains Momentum in Wyoming with New Microreactor Partnership appeared first on POWER Magazine.

Graphic illustrating the BWXT Advanced Nuclear Reactor (BANR), a transportable microreactor designed for efficient energy production using TRISO fuel.

]]> https://www.powermag.com/nuclear-cogeneration-gains-momentum-in-wyoming-with-new-microreactor-partnership/feed/ 0 DOE Loans Office Will Support Solar, Energy Storage Systems in Puerto Rico https://www.powermag.com/doe-loans-office-will-support-solar-energy-storage-systems-in-puerto-rico/ https://www.powermag.com/doe-loans-office-will-support-solar-energy-storage-systems-in-puerto-rico/#respond Thu, 18 Jul 2024 15:51:51 +0000 https://www.powermag.com/?p=221239 The U.S. Department of Energy (DOE) Loan Programs Office (LPO) on July 18 announced a conditional commitment for a loan guarantee of up to $861.3 million to Clean Flexible Energy, […]

The post DOE Loans Office Will Support Solar, Energy Storage Systems in Puerto Rico appeared first on POWER Magazine.

solar-plus-storage

]]> https://www.powermag.com/doe-loans-office-will-support-solar-energy-storage-systems-in-puerto-rico/feed/ 0