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Qcells and Nofar USA Sign Agreement to Develop Energy Storage Projects in Texas

LCG, March 26, 2025--Qcells USA Corp. (Qcells), a wholly owned subsidiary of Hanwha Qcells, and Nofar USA (Nofar), a wholly owned subsidiary of Nofar Energy, recently announced a signed agreement to cooperate on the development and construction of two energy storage projects in Texas. The projects have a combined capacity of 350 MW with a 2-hour duration (700 MWh).

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SPP Receives FERC Approval to be First RTO Operating in Both Eastern and Western Interconnections

LCG, March 205, 2025--The Southwest Power Pool (SPP) today announced it will soon be the first regional transmission organization (RTO) in the nation to provide full services in both the Eastern and Western Interconnections of the U.S. power grid. On March 20, the Federal Energy Regulatory Commission (FERC) unanimously approved Southwest Power Pool’s amended tariff that includes provisions that enable Western members to join the RTO. The expansion of the SPP RTO is scheduled to go live April 1, 2026.

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Industry News

Bulgaria Inks $1.4 Billion Contracts with Entergy, AES

LCG, June 13, 2001Bulgaria's reform government yesterday signed as expected $1.4 billion worth of electric power deals with two U.S. companies, AES Corp. and Entergy Corp. The signing is seen as bolstering the government's position in elections scheduled for this weekend.

Ivan Shilyashki, head of Bulgaria's energy agency, said "The large-scale investment of $1.4 billion is significant for Bulgaria's power industry." It is also significant for the incumbent government, as it is expected to create new jobs, improve the country's energy output and significantly reduce pollution.

Both projects are located in Bulgaria's Maritsa region, a lignite coal mining area. Lignite, also known as brown coal, is something between peat and bituminous coal, and presents a significant environmental challenge.

The project between Bulgaria's National Electricity Company and AES Corp. calls for a $900 million investment in a new 670 megawatt lignite-fueled power plant in the Maritsa East One area, replacing an old plant of smaller capacity.

Construction on the AES plant could begin late this year or in early 2002, according to Richard Mardon, who heads the company's operations in Central and Eastern Europe. The new facility is expected to provide 11 percent of Bulgaria's electricity.

The Entergy contract, also with the national Electricity Company, calls for a $470 million investment to upgrade and operate an existing 840 megawatt plant at Maritsa East Three. That project is expected to get underway later this year.

Geoffrey Roberts, chief executive of Entergy Wholesale Operations, said the project will improve reliability, add 20 years to the life of the plant and "preserve critical jobs in the region surrounding the plant and provide Bulgaria with a competitive source of electricity."

He called the project "one of the largest environment control efforts in all of Europe," and said it would cut emissions of sulphur gases and other pollutants by 90 percent at the plant.

Mardon said "We believe the two projects will attract significant amount of foreign investment into the country and also will provide significant environmental benefits."

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