The independence of the axiom of powerset from the remaining axioms can be shown by constructing a model of $\mathsf{ZFC}^-$, that is $\mathsf{ZFC}$ without the axiom of powerset, which is not also a model of $\mathsf{ZFC}$.
The standard examples for such models are constructed as follows: fix an uncountable regular cardinal $\kappa$ and consider $H(\kappa)=\{x\mid |\mathrm{trcl}(x)|<\kappa\}$. It can be shown that for every $\kappa$ $H(\kappa)\subseteq V_\kappa$, so that the $H(\kappa)$ are sets, furthermore for a regular $\kappa$ it can be shown that $H(\kappa)$ is the set of sets "hereditarily of cardinality less than $\kappa$".
Now it's not hard to prove that $H(\kappa)$ is a model of $\mathsf{ZFC}^-$, and it can also be proved that the following are equivalent for a regular $\kappa$:
- $H(\kappa)$ is a model of $\mathsf{ZFC}$.
- $H(\kappa)=V_\kappa$.
- $\kappa$ is strongly inaccessible.
So in particular for $\kappa=\aleph_1$ we have that $H(\kappa)$ is a model of $\mathsf{ZFC}^-$ but not of $\mathsf{ZFC}$.