Corporate News
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Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
By Ethan Howland • May 2, 2024 -
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GE Vernova to remain “highly selective” of offshore wind orders amid uncertainty: CEO
In its first quarterly earnings report since becoming an independent company, the power equipment manufacturer contrasted recent wind challenges with near-term optimism for its gas power and electrification business lines.
By Brian Martucci • May 1, 2024 -
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TrendlineSustainability
Companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.
By Utility Dive staff -
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Citi achieves $441B of $1T sustainable finance 2030 goal with renewables a ‘major driver’: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • May 1, 2024 -
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PSEG in talks to sell nuclear power to data centers: CEO LaRossa
“Our New Jersey nuclear units could provide access to a highly reliable, carbon-free source of baseload power,” PSEG CEO Ralph LaRossa said Tuesday.
By Ethan Howland • May 1, 2024 -
Courtesy of Amazon
AEP faces 15 GW of new load, driven by Amazon, Google, other data centers: interim CEO Fowke
Load growth in Ohio is sparking talk of letting the state’s utilities own power plants again, Ben Fowke, AEP interim CEO, said Tuesday.
By Ethan Howland • May 1, 2024 -
Permission granted by Schneider Electric
Data center demand drives growth in Schneider Electric’s energy management segment
Energy management revenue in North America grew 10.2% organically to almost $2.8 billion in Q1, the company said last week.
By Nish Amarnath • April 30, 2024 -
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BlackRock, Temasek decarbonization venture raises $1.4B
Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.
By Lamar Johnson • April 29, 2024 -
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OpinionIs your utility’s online marketplace operating at full power? It might be time for a reboot.
Such marketplaces have raised awareness of energy efficiency and sustainability. But as technologies like LED bulbs and smart thermostats have become commonplace, sales have slowed and traffic has dropped.
By Mark Wilkinson • April 29, 2024 -
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Bank of America, Goldman clean energy ratio proposals fail, despite some shareholder support
The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.
By Lamar Johnson • April 29, 2024 -
The image by FirstEnergy is licensed under CC BY-ND 2.0
FirstEnergy may ‘put a little money on the table’ to help end HB 6 bribery litigation: CEO
With recently approved rate hikes, FirstEnergy “proved that we can obtain constructive regulatory outcomes across our jurisdictions,” CEO Brian Tierney said.
By Ethan Howland • April 29, 2024 -
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Vanguard, TotalEnergies announce joint venture for at least 10 RNG facilities
The companies left open the possibility to expand their partnership to up to 60 organic-waste-to-RNG facilities. The first three facilities will be built on farms in Wisconsin and Virginia.
By Jacob Wallace • April 25, 2024 -
Courtesy of Siemens
Siemens, Eaton, Cummins among companies to receive 48C clean energy tax credits
Clean energy manufacturers have received $1.9 billion so far under the Inflation Reduction Act-funded tax credit.
By Joelle Anselmo • April 24, 2024 -
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PG&E highlights 100% emissions-free power in 2023 as generation spin-off hits snag
California regulators could vote in May on a proposal to reject Pacific Gas & Electric’s plan to create a separate company with 5.6 GW in non-nuclear generating assets as part of an effort to raise capital.
By Ethan Howland • April 24, 2024 -
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Equinor jumps into ERCOT market with 110 MW of merchant battery projects
The projects come as battery storage capacity in ERCOT could grow to 17,700 MW by mid-2025 from 6,300 MW in March, according to data from the grid operator.
By Ethan Howland • April 16, 2024 -
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Chevron leads $45M investment in carbon removal company Ion Clean Energy
The energy giant made the investment through its New Energies division in collaboration with Carbon Direct Capital.
By Lamar Johnson • April 11, 2024 -
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OpinionMaximizing the value of IRA tax incentives while minimizing investment compliance risk
The IRA is the single largest investment in clean energy in U.S. history, but industry will only benefit from the estimated $1.2 trillion in incentives if the tax credits can be successfully monetized.
By Charles Dauber • April 8, 2024 -
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Sponsored by Questline DigitalWater utilities prioritize transparent customer communications
Why it’s imperative for water utilities to make communications a priority and build stronger customer relationships.
April 8, 2024 -
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Goldman renewables spinoff MN8 Energy secures $325M investment
MN8 has a solar fleet with a capacity of 3.2 GW, made up of more 875 projects in 28 states, and battery storage projects with a combined 270 MW of capacity.
By Lamar Johnson • April 3, 2024 -
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Citi says 71% of energy clients lack substantive transition plan or ‘ability to execute’
The bank made the disclosure in its latest climate report in response to a proposal put forward by shareholder advocacy group As You Sow.
By Lamar Johnson • April 2, 2024 -
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Verizon joins RE100 climate initiative, builds on 2030 renewables goal
The network provider previously said it aims to source or generate 100% renewable energy by the end of the decade.
By Zoya Mirza • April 1, 2024 -
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SEC to face all climate rule challenges in US 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 22, 2024 -
Courtesy of X-energy
Microsoft, Google, Nucor partner on initiative to spur emerging 24/7 clean power technologies
The Advanced Clean Electricity initiative aims for widespread commercial deployment of advanced nuclear, next-generation geothermal and long-duration storage by the early 2030s.
By Brian Martucci • March 21, 2024 -
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Constellation Energy’s $900M green bond is first in US directed at nuclear power, company says
The bond could also be used for “clean hydrogen, energy storage systems, wind repowering and carbon-free energy solutions for Constellation’s commercial customers,” the company said.
By Brian Martucci • March 21, 2024 -
National Grid announces $4B plan to upgrade upstate New York power grid
The money will go toward 70 projects, which will include building substations and rebuilding more than 1,000 miles of transmission lines connecting towns near Buffalo, Rochester and Syracuse.
By Patrick Cooley • March 21, 2024 -
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Google pledges to buy $35M in carbon removal credits, matches DOE
The tech giant’s commitment builds on the Department of Energy’s initiative to scale the carbon removal purchase sector.
By Zoya Mirza • March 19, 2024
