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The Brazilian utility unit of AES Corp. (AES), Eletropaulo Metropolitana Electricidade de Sao Paulo SA, plans to install smart meters to monitor electricity usage for as many as 80,000 customers to improve the reliability of its power grid.
AES Corp (NYSE: AES), the first U.S. power producer to enter China about two decades ago, is looking to sell all or some of its assets there, said three sources familiar with the process, hobbled by not being able to pass on higher coal costs in a state-regulated industry.
AES Corp. has reached a preliminary deal to sell its coal-burning power plant in Somerset, Buffalo to a group of its bondholders in a $300 million deal that is part of a bankruptcy filing by the entity that operates six coal-fired generating stations across New York.
Falling prices for lithium-ion batteries will make power-storage systems competitive with natural gas as a source of electricity during periods of high demand by 2016, according to the chief executive officer of A123 Systems Inc. (AONE).
Sri Lanka’s Ceylon Electricity Board (CEB) has been hit by falling reservoir water levels, which have cut its output to just 25 per cent of nominal hydropower capacity.
Italy, Germany and Switzerland have each taken legal steps that rule out nuclear power as a source of new power generation in the same calendar month.
Barclays Corporate has completed a £38m ($59m) funding deal so AES Kilroot Power Station in Northern Ireland can raise its efficiency and secure long-term financing.
Compressed air energy storage company SustainX has received a patent for technology that it claims will help improve grid storage.
The United States will enforce standards on smog pollution set in 2008 under the Bush administration after the White House gave way to pressure from business groups to drop proposals for stricter limits.
GE is to build in Turkey what it claims will be the world’s first integrated combined-cycle gas turbine (CCGT) power plant with wind and solar power, which is being developed by MetCap Energy Investments, a Turkish project developer
