Power Sector News Roundup for December 19, 2024

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Global: Hydro One to develop key transmission line in northern Ontario Montenegro prioritizes EUR 1.38 billion energy projects for EU accession CFS plans world’s first commercial fusion power plant in Virginia US DoE offers $15 billion loan commitment to PG&E ABB to acquire Gamesa Electric’s power electronics business in Spain Vietnam and Singapore to collaborate for electricity export Alternus Clean Energy acquires LiiON for $5 million KEPCO completes ±150 kV HVDC project connecting Wando and…

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OECD net electricity production rises 5.4% in June 2024

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According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June 2024, reflecting a 5.4% year-on-year (y-o-y) increase. On a year-to-date basis, electricity production in the first two quarters of 2024 rose by 2.9%. The OECD consists of 38 member countries, including major economies such as the United States, Japan, Germany, and Australia, working to promote…