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Released June 30, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--As power utilities and U.S. states set emissions-reduction and net-zero emissions goals for the coming years, project activity in the U.S. Power Industry is booming. Renewable forms of energy have helped push the industry into more than $32 billion worth of projects that are set to kick off in the U.S. in the upcoming third quarter of 2022. The Southwest region, which includes Arkansas, Louisiana, Oklahoma and Texas, leads the nation in the value of these projects, although the Great Lakes region has a higher project count.
Click on the image at right for a breakdown by market region of planned third-quarter 2022 U.S. power project starts.
The Southwest region brings more than $7.6 billion in planned third-quarter power project starts to the table, with virtually all of the capital projects being renewable or battery energy storage projects in Texas. Solar power predominates, with about $6 billion worth of projects, followed by wind at $1.5 billion.
Examples of pending Texas solar projects include Invenergy LLC's (Chicago, Illinois) Delilah I photovoltaic solar farm in Deport, in the northeast corner of the state, about 120 miles from Dallas. The facility will use about 800,000 solar panels for a nameplate generating capacity of 300 megawatts (MW). Construction is set to kick off toward the beginning of the quarter, with Kiewit Power Constructors Company (Omaha, Nebraska) providing engineering, procurement and construction (EPC) services. Construction is set to wrap up toward the end of 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the detailed report.
Among the largest wind projects coming up in Texas is Silverpeak Renewables Investment Partners' (New York, New York) Canyon Wind project in Snyder, about 85 miles northeast of Midland. The 200-MW windfarm will use 48 wind turbines. EPC contractor Wanzek Construction Incorporated (West Fargo, North Dakota) is expected to kick off construction late in the quarter and take about a year to complete the project. Subscribers can click here for the project report.
The U.S. Great Lakes boasts nearly 70 power projects set to begin in the upcoming quarter. Like the Southwest, the region is dominated by renewable energy, but leading the pack in terms of project value is a grassroot natural gas-fired project in Cadiz, Ohio. While natural gas for power generation is giving way to renewables, plant owner EmberClear Corporation (Houston, Texas) is keeping up with the times, as the facility also will be capable of burning hydrogen. Upon the plant's completion, planned for 2024, it will start out burning 75% natural gas and 25% hydrogen. Hydrogen is planned to be 100% of the plant's fuel source by 2050. Gemma Power Systems LLC (Glastonbury, Connecticut) is providing EPC services on the project, which has an estimated total investment value of $1 billion. For detailed information, subscribers can click here.
A couple of large solar projects also dominate the upcoming power projects in the Great Lakes region. One of these, Starke Solar LLC's (Philadelphia, Pennsylvania) Mammoth North solar farm, is planned for Winimac, Indiana, between Indianapolis and Chicago. The facility will use about 776,000 solar panels to achieve a generating capacity of 480 MW. Construction is set to kick off this summer and be completed in summer 2023. Subscribers can click here for the report.
The U.S. Northeast market region, which includes Delaware, New Jersey, New York and Pennsylvania, rounds out the top three regions in terms of project value, thanks largely to the dismantlement and demolition of two units at the Indian Point nuclear facility in Buchanan, New York. In its 2017 agreement to close the reactors, plant owner Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) cited a number of factors, including reduced revenue from the plant due to New York's competitive wholesale electricity market. Unit 2 was shut down in April 2020, followed by Unit 3 a year later. The two reactors had a combined generating capacity of more than 2,000 MW. The dismantlement/decommissioning process is expected to take several years, coming to an end in the 2030s. Subscribers can click here for the project report on Unit 2 and here for the Unit 3 report.
Subscribers can click here for the reports on all of the projects discussed in this article and here for the plant profiles.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
Click on the image at right for a breakdown by market region of planned third-quarter 2022 U.S. power project starts.The Southwest region brings more than $7.6 billion in planned third-quarter power project starts to the table, with virtually all of the capital projects being renewable or battery energy storage projects in Texas. Solar power predominates, with about $6 billion worth of projects, followed by wind at $1.5 billion.
Examples of pending Texas solar projects include Invenergy LLC's (Chicago, Illinois) Delilah I photovoltaic solar farm in Deport, in the northeast corner of the state, about 120 miles from Dallas. The facility will use about 800,000 solar panels for a nameplate generating capacity of 300 megawatts (MW). Construction is set to kick off toward the beginning of the quarter, with Kiewit Power Constructors Company (Omaha, Nebraska) providing engineering, procurement and construction (EPC) services. Construction is set to wrap up toward the end of 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the detailed report.
Among the largest wind projects coming up in Texas is Silverpeak Renewables Investment Partners' (New York, New York) Canyon Wind project in Snyder, about 85 miles northeast of Midland. The 200-MW windfarm will use 48 wind turbines. EPC contractor Wanzek Construction Incorporated (West Fargo, North Dakota) is expected to kick off construction late in the quarter and take about a year to complete the project. Subscribers can click here for the project report.
The U.S. Great Lakes boasts nearly 70 power projects set to begin in the upcoming quarter. Like the Southwest, the region is dominated by renewable energy, but leading the pack in terms of project value is a grassroot natural gas-fired project in Cadiz, Ohio. While natural gas for power generation is giving way to renewables, plant owner EmberClear Corporation (Houston, Texas) is keeping up with the times, as the facility also will be capable of burning hydrogen. Upon the plant's completion, planned for 2024, it will start out burning 75% natural gas and 25% hydrogen. Hydrogen is planned to be 100% of the plant's fuel source by 2050. Gemma Power Systems LLC (Glastonbury, Connecticut) is providing EPC services on the project, which has an estimated total investment value of $1 billion. For detailed information, subscribers can click here.
A couple of large solar projects also dominate the upcoming power projects in the Great Lakes region. One of these, Starke Solar LLC's (Philadelphia, Pennsylvania) Mammoth North solar farm, is planned for Winimac, Indiana, between Indianapolis and Chicago. The facility will use about 776,000 solar panels to achieve a generating capacity of 480 MW. Construction is set to kick off this summer and be completed in summer 2023. Subscribers can click here for the report.
The U.S. Northeast market region, which includes Delaware, New Jersey, New York and Pennsylvania, rounds out the top three regions in terms of project value, thanks largely to the dismantlement and demolition of two units at the Indian Point nuclear facility in Buchanan, New York. In its 2017 agreement to close the reactors, plant owner Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) cited a number of factors, including reduced revenue from the plant due to New York's competitive wholesale electricity market. Unit 2 was shut down in April 2020, followed by Unit 3 a year later. The two reactors had a combined generating capacity of more than 2,000 MW. The dismantlement/decommissioning process is expected to take several years, coming to an end in the 2030s. Subscribers can click here for the project report on Unit 2 and here for the Unit 3 report.
Subscribers can click here for the reports on all of the projects discussed in this article and here for the plant profiles.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
