Following the industry downturn, oil majors appear to be acting cautiously when considering investments in new projects and are seeking out simple, repeatable design and other contracting strategies to reduce costs.
While demand remains strong for renewable power generation and steady for natural gas, the rest of the picture for the power sector remains cloudy as government mandates are changing under the Trump administration.
In what could be a boost to U.S. geothermal energy development, Los Angeles has signed a $94-million long-term contract with Reno, Nev.-based energy developer Ormat Technologies Inc. to buy 150 MW from its portfolio of northern Nevada geothermal projects.
Despite grim reports about the costs to continue construction, the utilities leading nuclear-plant expansions in Georgia and South Carolina are continuing to negotiate with bankrupt contractor Westinghouse Electric Co. about taking over management of their respective projects.
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