Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

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Industry News

DOE Selects NuScale Power for SMR Development

LCG, December 13, 2013--The Energy Department (DOE) selected NuScale Power LLC as the winner of up to $226 million in funding to support the development of small modular reactor (SMR) technology.

The funding will support the design, certification and other necessary steps to achieve commercial operation of the 45-MW NuScale Power Module small reactor design by 2025. The DOES funds will be spread over a five-year period.

Project participants include NuScale's partner Rolls-Royce, its majority owner Fluor Corp. and utility Energy Northwest. The project will be based at NuScale's testing facility in Corvallis, Oregon.

The DOE issued the Funding Opportunity Announcement (FOA) earlier this year to provide support for SMR development and accelerate design certification towards commercialization. DOE?s FOA criteria focused on innovative new technologies that improve safety by reducing natural hazards.

Energy Secretary Moniz stated, "Small modular reactors represent a new generation of safe, reliable, low-carbon nuclear energy technology and provide a strong opportunity for America to lead this emerging global industry. The Energy Department is committed to strengthening nuclear energy?s continuing important role in America's low carbon future, and new technologies like small modular reactors will help ensure our continued leadership in the safe, secure and efficient use of nuclear power worldwide."

The DOE is also supporting Babcock & Wilcox mPower, Inc. (B&W mPower) and its design, which is based upon a 180-MW, integral pressurized water reactor design that uses a fully underground containment structure.
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