Catch up on trends in the high voltage industry with this week's news digest from around the web. Here are some of the top headlines from this past week.
$1B Power Plant Eyed for Grundy County
A privately funded, $1 billion natural gas-powered electric generating plant is being targeted for Goose Lake Township in Grundy County. The facility could be producing electricity as early as 2021 if all goes as planned. Competitive Power Ventures Inc. announced plans to construct CPV Three Rivers Energy Center, a 1,100 megawatt station that would provide enough electricity to power 1.1 million homes.
Read more from the Daily Journal
Cheap Gas Pinches Power Generators
The lowest electricity prices in more than a decade are testing the whole business model of independent power-generation companies.While most companies are reaping benefits from lower natural gas prices, the same cannot be said for independent power generators who are struggling to make money in the wholesale electricity market.
Read more from the Wall Street Journal
EIA: Gas Tops Coal Generation for 6th Time in First 11 Months of 2015
New data from the U.S. Energy Information Administration shows that natural gas beat out coal as the nation's top source of net electricity generation in November 2015, marking the fifth consecutive month it has done so and the sixth time in 2015.
Read more from SNL
Electricity Generation From Renewable Sources Expected to Grow 9% This Year
Electricity generated from utility-scale renewable plants is expected to grow by 9% in 2016, based on projections in the latest Short-Term Energy Outlook. In 2016, electricity from utility-scale renewable sources is expected to account for 14% of the total electricity generated in the United States, with wind and solar contributing 5.2% and 0.8%, respectively.
Read more from the U.S. Energy Information Administration
DOE Announces New Projects to Modernize America’s Electric Grid
The U.S. Department of Energy has announced up to $220 million in new funding for a consortium of DOE national laboratories and partners to support critical research and development over the next three years to help modernize our nation's electrical power grid. Also announced was the release of DOE's comprehensive new Grid Modernization Multi-Year Program Plan, a blueprint for the Department's research, development, and demonstration agenda to enable a modernized grid.
Read more from Transmission and Distribution World
Wind Power Industry Surges, and Expects Steady Growth
The nation’s wind-power industry is anticipating strong sailing ahead. 2015 was the third-biggest year for expansion in the United States and industry officials are projecting continued expansion — wind now supplies 4.5 percent of U.S. electricity — thanks to the recent five-year extension of federal tax credits, declining equipment costs and steady demand from utilities shifting away from carbon-intensive coal burning under the federal Clean Power Plan.
Read more from the Star Tribune
National Grid Presents Vermont Green Line Proposal
The project aims to bring clean and affordable on-shore wind and hydropower to New England via a new 400 megawatt high power DC transmission line. The $650 million proposed project will require 6.7 miles of underground cable in New York. The line will carry DC wind power from new wind farms in the northern part of Clinton and Franklin counties 40 miles under Lake Champlain and 13.3 miles to a station in New Haven, Vermont, where power would then be distributed to southern New England communities.
Read more from The Sun