Corporate News: Page 10
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NREL, Amazon forge partnership on greenhouse gas emissions reporting
The collaboration involves developing a guidance document that will consider potential emissions of large corporate projects.
By Nish Amarnath • Dec. 18, 2023 -
Opinion
The clean energy transition is here — and so are greenwashing claims
These claims have the potential to cause reputational harm to a company while distracting attention from its environmentally beneficial activities.
By Majidah Cochran, Melissa Horne, Mindy McGrath, and Andrea Wortzel • Dec. 15, 2023 -
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 -
Clean energy developer energyRe raises $1.2B for expansion
The company said it will use the new capital to expand its renewable energy portfolio and advance its goals of decarbonizing cities in the U.S.
By Lamar Johnson • Dec. 14, 2023 -
Meta partners with SRP, Ørsted to procure 100% renewable energy for Arizona data center operations
The company will receive the majority of the solar energy Ørsted's 300-megawatt solar farm produces to continue operating its data centers on solar power.
By Joe Burns • Dec. 13, 2023 -
Eos’ energy storage pipeline grows by $1.3B amid shift to larger, longer-duration projects
More than half of Eos’ $12.9 billion project pipeline comes from proposals delivered in 2023, thanks in part to the Inflation Reduction Act.
By Kavya Balaraman • Dec. 13, 2023 -
Investor-owned utilities facing physical climate risks should expand cost recovery options: S&P
Increased insurance levels, securitization and the development of disaster funds are all ways IOUs can mitigate the risks, according to S&P Global Ratings.
By Robert Walton • Dec. 8, 2023 -
Sponsored by Questline Digital
Personalized video: A powerful tool for building customer relationships
Utilities must connect on a deeper level, utilizing customer data to tailor messages to each individual customer. It’s time to get personal.
Dec. 4, 2023 -
Amazon turns to brownfields, other ‘challenging’ projects to accelerate clean energy progress
The company is using creative methods to keep its 2025 decarbonization goals on track amid difficult market conditions.
By Emma Penrod • Nov. 29, 2023 -
Puget Sound Energy, AutoGrid aim to develop a 100-MW virtual power plant by 2025
With plans to add about 15 GW of resources by 2045, including about 3.7 GW of demand-side and distributed resources, Puget Sound Energy aims to scale up its VPP over time.
By Ethan Howland • Nov. 28, 2023 -
Global Reporting Initiative proposes climate change, energy standards
The proposals focus on how organizations can cut their greenhouse gas emissions and reduce energy consumption.
By Lamar Johnson • Nov. 28, 2023 -
BlackRock nabs $1B for energy transition infrastructure fund
The Evergreen Infrastructure fund aims to invest in businesses focused on energy security and has already acquired a portfolio of renewable investments.
By Lamar Johnson • Nov. 27, 2023 -
Invenergy in talks with utilities, other companies for capacity on Grain Belt transmission line
Invenergy is preparing to launch a solicitation for capacity on the 2.5-GW phase one of its Grain Belt project, with construction planned for early 2025.
By Ethan Howland • Nov. 22, 2023 -
JPMorgan to include low-carbon power generation in climate risk calculations
The bank said it would reduce financing in the oil and gas sector and increase financing for zero- and low-carbon power generation as part of its new “Energy Mix” policy.
By Zoya Mirza • Nov. 22, 2023 -
Opinion
Wildfire risks in the US are soaring. Here’s what utilities can do.
To address the increasing risk of wildfire, utilities must embrace short- and long-term strategies that emphasize asset protection, real-time risk assessment and infrastructure investments.
By Judsen Bruzgul and Neil Weisenfeld • Nov. 17, 2023 -
Anaergia mulls sale of Rialto Bioenergy Facility as revenue declines
Executives hope a production ramp-up at a Rhode Island facility and new deals will offset the impact from Rialto’s bankruptcy and turn the company’s finances around.
By Jacob Wallace • Nov. 15, 2023 -
Clean energy manufacturing is on the rise in New York
The state has established multiple funding programs to entice sustainable production and development, bringing wind energy companies, heat pump manufacturers and others to the area.
By Sakshi Udavant • Nov. 14, 2023 -
Hawaiian Electric to provide up to $75M to new state fund for Maui wildfire victims
Those who use the fund will waive their ability to get compensated through litigation, Scott Seu, president and CEO of parent company Hawaiian Electric Industries, said.
By Kavya Balaraman • Nov. 10, 2023 -
Opinion
The rate cases are coming: How will utility customers react?
Strong customer opposition to current rate cases could leave utilities in the lurch when it comes to raising funds they need to make good on their promises to improve the safety and sustainability of their operations.
By Mark Spalinger • Nov. 9, 2023 -
Utilities likely to continue selling non-core assets amid $745B in planned spending: Moody’s
State regulators may push back on utility spending to protect customers from rising electric rates, according to Moody’s.
By Ethan Howland • Nov. 9, 2023 -
NuScale, UAMPS terminate small modular reactor project in Idaho
NuScale and the Utah Associated Municipal Power Systems determined that the 462-MW project would likely not reach a sufficient subscription level to continue toward deployment.
By Larry Pearl • Nov. 9, 2023 -
Kentucky PSC partly approves PPL’s $2.1B plan to retire coal, add gas, solar and storage
The commission approved a 125 MW/500 MWh battery energy storage facility, which it said will give LG&E/KU insight into operating and integrating large-scale storage to meet customer demand.
By Ethan Howland • Nov. 8, 2023 -
Deep Dive
Duke, others leverage new IRA rules to finance clean energy, but cost, complexity are hurdles
New tax credit provisions in the Inflation Reduction Act could more than triple the $20 billion annual tax equity market that today finances clean energy in the U.S., if various challenges can be overcome.
By Herman K. Trabish • Nov. 6, 2023 -
AEP aims to sell retail, distributed energy and solar operations by mid-2024
American Electric Power also plans to soon launch a sale process for its stakes in two transmission companies and make a decision on selling its share of Transource Energy, CEO Julie Sloat said.
By Ethan Howland • Nov. 6, 2023 -
Arizona Public Service, Tucson Electric expect to add 20 GW of mainly renewables, storage by 2038
Arizona’s investor-owned utilities expect to exit coal-fired generation by 2032, according to resource plans filed Wednesday with state regulators.
By Ethan Howland • Nov. 2, 2023 -
Apple, Nike and others back new clean energy project to decarbonize supply chains
The Clean Energy Procurement Academy, whose founding members also include Amazon, Meta and PepsiCo, aims to boost clean energy procurement and curb emissions.
By Zoya Mirza • Nov. 2, 2023