Corporate News
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The image by Jakec is licensed under CC BY-SA 4.0
Talen urges FERC to reject AEP-Exelon protest over interconnection pact for Amazon data center
American Electric Power and Exelon are trying to “hijack” an interconnection service agreement amendment proceeding and make it an ad hoc referendum on the future of data center load, Talen’s Susquehanna Nuclear said.
By Ethan Howland • July 8, 2024 -
Courtesy of LG Energy Solution
LG pauses construction on part of $5.5B Arizona battery plant
The firm said it's adjusting the pace of its investments but remains confident the facility will play an important role in its operations.
By Sebastian Obando • July 2, 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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Google invests in BlackRock-owned solar company to aid net-zero goals
The tech giant will invest in the buildout of Taiwan’s clean energy capacity for the rights to procure up to 300 MW of solar power from New Green Power’s development pipeline.
By Lamar Johnson • July 2, 2024 -
Courtesy of Topsoe.
Topsoe, ABB, Fluor to build joint electrolyzer facility in Virginia
The collaboration aims to develop a facility with reduced costs and improved safety for making e-fuels.
By Sara Samora • June 27, 2024 -
Dean Mouhtaropoulos via Getty Images
ExxonMobil taps Air Liquide for low-carbon hydrogen project
The industrial gases company will invest up to $850 million to build and operate four air separation units to boost the oil giant’s Texas hydrogen project.
By Zoya Mirza • June 27, 2024 -
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Hershey ramps up renewable energy sourcing to slash emissions
The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.
By Zoya Mirza • June 14, 2024 -
Courtesy of Basin Electric Power Cooperative
Basin Electric faces $471M in customer rebates for putting nonutility expenses in rates
A FERC administrative law judge also found Basin Electric was imprudent when it failed to consider replacing coal-fired power plants with potentially less expensive generation.
By Ethan Howland • June 13, 2024 -
Justin Sullivan via Getty Images
California goes after Big Oil’s ‘illegal’ profits over alleged greenwashing
ExxonMobil, Shell, Chevron, ConocoPhillips, BP and the American Petroleum Institute may be required to surrender profits gained from false advertising, according to an amended complaint filed Monday.
By Zoya Mirza • June 12, 2024 -
Permission granted by TerraPower
TerraPower begins construction at 345-MW advanced reactor site in Wyoming
The company expects to begin building non-nuclear electricity generation infrastructure in 2025, TerraPower chairman Bill Gates said Monday.
By Brian Martucci • June 12, 2024 -
onurdongel via Getty Images
Maryland PSC rejects Exelon utility’s $213.6M multiyear rate plan
Instead, Pepco will be able to increase its rates by $44.6 million for a year while the state agency assesses the benefits of multi-year rate plans.
By Ethan Howland • June 12, 2024 -
DTE Energy to deploy 220 MW of battery storage at former coal plant
The announcement follows an RFP for 120 MW of energy storage and tracks DTE’s longer-term push to more than double energy storage capacity by 2042.
By Brian Martucci • June 11, 2024 -
Yujin Kim/Utility Dive
Q&A‘Any utility today can have a VPP program’: Sunrun virtual power plant head
Chris Rauscher discusses best practices for VPP design, the grid value of demand response and why targeting early adopters could lead distributed energy providers astray.
By Brian Martucci • June 5, 2024 -
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Energy Capital Partners secures $6.7B to invest in clean energy industry
The New Jersey-based private equity firm said its fifth flagship fund would invest in companies focused on power generation, decarbonization and renewable and storage assets.
By Zoya Mirza • June 5, 2024 -
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GE Vernova spinoff ThinkLabs AI developing artificial intelligence tool to boost grid reliability
The company is developing Copilot, an AI-powered digital assistant, to help utilities manage the renewable energy, storage and other resources coming on to the grid and better match electricity supply with demand.
By Patrick Cooley • June 4, 2024 -
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Duke to offer expanded suite of clean energy options to Amazon, Google, other large customers
The proposed framework — developed in collaboration with Amazon, Google, Microsoft and Nucor — includes “innovative financing” to support emerging technologies like advanced nuclear and long-duration storage in the Carolinas.
By Ethan Howland • May 30, 2024 -
onurdongel via Getty Images
Colorado law requires Xcel VPP program by February with performance-based tariff
The law also requires the company to proactively invest in distribution upgrades to reduce interconnection delays for distributed energy resources.
By Brian Martucci • May 29, 2024 -
Sean Gallup via Getty Images
Scope 3 emissions reporting is a ‘when,’ not an ‘if,’ for companies: Bayer, Zycus execs
Technology adoption can help companies organize their scope 3 reporting data, particularly by having the relevant data in a central repository and built-in goal trackers, said Jason Noel with ESG data platform Lythouse.
By Suman Bhattacharyya • May 29, 2024 -
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Entergy Louisiana plans 3 GW solar expansion, citing demand from heavy industry
The Louisiana PSC's approval of an expedited review process for new solar projects will help enable more solar and boost economic development in the state, according to Entergy Louisiana.
By Emma Penrod • May 23, 2024 -
imacoconut via Getty Images
OpinionInvesting in green companies: Why private equity should lead the charge
Investing in green companies not only addresses pressing environmental concerns but offers compelling financial returns as well.
By Hajar Jouglaf • May 22, 2024 -
Permission granted by Avangrid
Iberdrola to acquire remaining 18.4% of Avangrid in $2.6B deal
The Spanish company already owns 81.6% of its U.S. subsidiary, which has nearly 9 GW of onshore renewables and several offshore wind farms under development.
By Brian Martucci • May 21, 2024 -
image via Getty Images
Schneider Electric purchases IRA tax credits from solar manufacturer
The senior director of renewables for Schneider’s sustainability business called the Inflation Reduction Act’s transferable credits a “revolutionary development.”
By Lamar Johnson • May 21, 2024 -
Retrieved from Bureau of Reclamation.
SoCalEd-Lotus Infrastructure consortium wins $503M CAISO transmission project
A NextEra Energy Transmission subsidiary, Horizon West Transmission, also recently won two CAISO projects in Southern California totaling about $2.6 billion.
By Ethan Howland • May 21, 2024 -
PBouman via Getty Images
North American utility credit metrics weaken on rising capex, regulatory lag: Morningstar
As regulators seek to balance utility investment needs and consumer affordability, this often exerts downward pressure on the return on equity, analysts at the credit rating agency said.
By Ethan Howland • May 17, 2024 -
Kelly Sullivan via Getty Images
Meta to bring 210 MW of solar energy to Indiana
The tech company’s agreement with Solarpack will help deliver renewable energy to support Meta’s operations in the state and build on its decarbonization goals.
By Zoya Mirza • May 16, 2024 -
Courtesy of Plug Power
DOE awards $1.7B conditional loan guarantee to Plug Power to build 6 clean hydrogen factories
The loan guarantee, which follows several similar awards to other companies, will help accelerate hydrogen industry growth, according to an industry association.
By Emma Penrod • May 15, 2024
