Corporate News

  • Nuclear power plant structures stand along a shoreline.
    Image attribution tooltip
    The image by Peretz Partensky is licensed under CC BY 2.0
    Image attribution tooltip

    PSE&G large load pipeline jumps to 4.7 GW as nuclear offtake talks continue: CEO LaRossa

    At the same time, Ralph LaRossa said the future of PJM’s capacity market is unclear. “I don't know if there is a PJM market anymore,” he said Tuesday.

    By • Feb. 26, 2025
  • Industrial background group silhouette of transmission towers (or power tower, electricity pylon, steel lattice tower) at suburb area in Texas, USA.
    Image attribution tooltip
    Trong Nguyen via Getty Images
    Image attribution tooltip

    Sempra announces $56B capital plan amid rapid Texas growth

    The company plans to open an early rate case for Texas subsidiary Oncor to finance the five-year capital plan.

    By Emma Penrod • Feb. 26, 2025
  • A picture of wind turbines in front of solar panels in Palm Springs, California. Explore the Trendline➔
    Image attribution tooltip
    Kevork Djansezian via Getty Images
    Image attribution tooltip
    Trendline

    Sustainability

    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
  • Two offshore wind turbines on the sea with a sunrise on the horizon.
    Image attribution tooltip
    Ian Dyball via Getty Images
    Image attribution tooltip

    EDF Renewables books $980M impairment from Atlantic Shores Offshore Wind

    EDF’s partner Shell exited the Atlantic Shores joint venture earlier this month, booking a $1 billion impairment associated with the investment.

    By • Feb. 25, 2025
  • Schneider Electric, data centers, 2024 earnings, Blum, Maxson
    Image attribution tooltip
    JulPo via Getty Images
    Image attribution tooltip

    Schneider Electric books strong 2024 revenue, earnings growth amid data center boom

    DeepSeek’s more computing-efficient AI models have not affected hyperscalers’ expansion plans, but U.S. trade policy bears watching, company executives say. 

    By Brian Martucci • Feb. 24, 2025
  • Electric boxes and wiring on a wall.
    Image attribution tooltip
    alacatr via Getty Images
    Image attribution tooltip

    Torus, Rocky Mountain Power sign MOU for 70-MW C&I demand response capability

    The agreement could add a major commercial and industrial component to RMP’s Wattsmart Battery program, hailed by the Energy Department as one of the country’s most sophisticated virtual power plants.

    By Brian Martucci • Feb. 21, 2025
  • Two technicians wearing yellow vests walking past racks of electronic equipment in a data center for cryptocurrency mining.
    Image attribution tooltip
    halbergman via Getty Images
    Image attribution tooltip

    AEP expects electric sales to jump 8.6% annually over 3 years

    American Electric Power is in the early permitting phase for small modular reactors in Indiana and Virginia as data centers and industrial facilities drive demand for power.

    By • Feb. 18, 2025
  • A man watches the flames from the Palisades Fire burning homes on the Pacific Coast Highway amid a powerful windstorm on Jan. 8, 2025 in Los Angeles, California.
    Image attribution tooltip
    Apu Gomes/Getty Images via Getty Images
    Image attribution tooltip

    PG&E tries to reassure investors amid growing wildfire concerns

    Significant improvement in the company's credit rating may not be possible in the near term, company officials said Thursday. The utility wants California to expand its public wildfire insurance fund.

    By Emma Penrod • Feb. 18, 2025
  • A construction site with two cranes.
    Image attribution tooltip
    Gerville via Getty Images
    Image attribution tooltip

    Exelon data center pipeline jumps to 17 GW as load forecast turns positive

    CEO Calvin Butler called for new approaches to ensuring the PJM Interconnection has adequate power supplies. “A variety of solutions across regulated and merchant participants is necessary,” he said.

    By • Feb. 13, 2025
  • Transformers and power transmission lines at a power distribution yard August 18, 2003 in Des Plaines, Illinois.
    Image attribution tooltip
    (Photo by Tim Boyle/Getty Images) via Getty Images
    Image attribution tooltip
    Deep Dive

    Transformer supply bottleneck threatens power system stability as load grows

    Electric transformers are critical to managing power system reliability. Solutions to the bottleneck are emerging, but long wait times remain.

    By • Feb. 12, 2025
  • Three electrical transformers sitting on an elevated platform with electric wires crossing in a blue sky overhead.
    Image attribution tooltip
    Permission granted by Ethan Howland
    Image attribution tooltip

    Eaton invests $340M in US transformer production

    The company said it aims to help address the ongoing transformer shortage and meet record demand from utility, large commercial, industrial and data center customers.

    By • Feb. 12, 2025
  • An aerial view of a burned-out neighborhood with mountains in the background.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Southern California Edison investigates ties to California’s Eaton, Hurst wildfires

    While the cause of the Eaton fire remains unclear, the company says its equipment may have been associated with the ignition of the smaller Hurst fire.

    By Emma Penrod • Feb. 10, 2025
  • A structure is set on Xcel Energy's Rush Creek transmission project in Colorado.
    Image attribution tooltip
    Courtesy of Xcel Energy
    Image attribution tooltip

    Xcel execs say Chinese tariffs, Trump uncertainty unlikely to affect renewables plans

    The company missed fourth quarter earnings projections but said it remains optimistic for 2025.

    By Emma Penrod • Feb. 7, 2025
  • Close-up shot of a man sitting at a desk
    Image attribution tooltip
    Kayla Bartkowski via Getty Images
    Image attribution tooltip

    Where Trump officials stand on renewable natural gas

    Newly confirmed agency heads have committed to working with Congress on biofuels, though some supportive federal programs may be at risk. Meanwhile, companies like Waga Energy and BerQ RNG are growing their portfolios.

    By Jacob Wallace • Feb. 4, 2025
  • Solar panel with the logos of Wendy's and McDonald's above.
    Image attribution tooltip
    Courtesy of Perch Energy
    Image attribution tooltip

    Community solar agreement aims to cut electricity costs, emissions across 31 Illinois fast food outlets

    The Perch Energy subscriptions will give All Star Management’s Wendy’s and McDonald’s franchise locations a 10% discount on their electricity bills, the companies said. 

    By Brian Martucci • Feb. 4, 2025
  • Symbolic of Sino-American relations, the flag of the United States of America and the flag of the Republic of China fly together on flag poles next to each other on a sunny, windy day.
    Image attribution tooltip
    Stock via Getty Images
    Image attribution tooltip

    China responds to Trump with added tariffs, including on coal, LNG

    The new duties are set to take effect Feb. 10 and cover some car, equipment and energy imports.

    By Max Garland • Feb. 4, 2025
  • American flag in front of tall skyscraper building.
    Image attribution tooltip
    Busa Photography via Getty Images
    Image attribution tooltip
    Sponsored by PowerPlan

    WGL prepares for future corporate tax rate changes

    “We expect tax rate changes in the next 12 months, and with TFA, we’re more than prepared to handle that challenge.”

    Feb. 3, 2025
  • Transmission towers in fog at dawn.
    Image attribution tooltip
    Andrei Ksenzhuk via Getty Images
    Image attribution tooltip

    2025 US power sector outlook

    The second Trump administration has ramped up energy transition uncertainty. Meanwhile, electricity demand from data centers and electrification continues to grow, and the resource mix is changing.

    By Utility Dive staff • Jan. 31, 2025
  • The Tesla gigafactory in Nevada.
    Image attribution tooltip
    Courtesy of Tesla
    Image attribution tooltip

    Tesla storage deployments more than double to 31.4 GWh in 2024

    Tesla expects its battery storage installations will jump at least 50% this year.

    By • Jan. 30, 2025
  • DeepSeek logo in front of China's flag.
    Image attribution tooltip
    Anthony Kwan/Getty Images via Getty Images
    Image attribution tooltip

    Generator, advanced nuclear stocks reel as low-cost DeepSeek chills AI load growth outlook

    Among the hardest hit were companies with large existing gas and nuclear fleets, along with advanced nuclear technology providers expected to benefit from rising demand for firm power.

    By Brian Martucci • Jan. 28, 2025
  • A gas-fired power plant.
    Image attribution tooltip
    dlewis33 via Getty Images
    Image attribution tooltip

    Calpine to sell 3.5 GW in PJM to avoid market power concerns from Constellation merger

    Calpine plans to sell four “valuable” power plants in the PJM Interconnection’s eastern region through a solicitation process, the company told FERC.

    By • Jan. 28, 2025
  • In an aerial view, the IAD71 Amazon Web Services data center is shown on July 17, 2024 in Ashburn, Virginia.
    Image attribution tooltip
    Nathan Howard/Getty Images via Getty Images
    Image attribution tooltip

    NextEra partners with GE Vernova to build ‘gigawatts’ of gas generation

    Behind-the-meter gas generation remains a novel concept, but NextEra sees potential for “large load customers,” company executives say.

    By Emma Penrod • Jan. 27, 2025
  • Flags fly above the entrance of the BlackRock offices.
    Image attribution tooltip
    Andrew Burton via Getty Images
    Image attribution tooltip

    BlackRock leaves net zero alliance as Wall Street runs from climate groups

    The nation’s largest investment manager is leaving the Net Zero Asset Managers initiative, joining a broader financial institution exodus from high-profile climate alliances.

    By Lamar Johnson • Jan. 13, 2025
  • High-voltage electric power lines run across a snowy field.
    Image attribution tooltip
    The image by Patrick Finnegan is licensed under CC BY 2.0
    Image attribution tooltip

    AEP to sell stake in transmission companies to KKR-PSP consortium for $2.8B

    American Electric Power plans to use proceeds from the sale of 19.9% of AEP Ohio Transmission and AEP Indiana Michigan Transmission for its five-year, $54 billion capital spending plan.

    By • Jan. 10, 2025
  • Steam rises from a geothermal power plant.
    Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    Fervo Energy nabs $255M to deploy carbon-free geothermal power

    The Houston-headquartered energy company said the new funding would help it deploy geothermal energy to meet the “skyrocketing demand for clean, firm power.”

    By Zoya Mirza • Jan. 9, 2025
  • Toyota battery pack lithium ion battery
    Image attribution tooltip
    adventtr via Getty Images
    Image attribution tooltip

    Toyota Motor North America lands $4.5M DOE grant for EV battery recycling

    As end-of-life and battery scrap volumes increase from rising global EV adoption, a new approach is needed to extend the useful life of many standard battery pack components, researchers said. 

    By Larry Avila • Jan. 7, 2025