Energy Vault signs gravity energy storage license agreement with US renewable developer

The company still plans to continue directly building energy storage projects itself, particularly in North America, Chairman and CEO Robert Piconi said on an earnings call Tuesday.

By Kavya Balaraman • Aug. 9, 2023

Insights that energy customers seek: Differences between US and UK energy providers offer learnings for regional markets

In a new global survey, energy providers made it clear that providing advanced energy usage reporting and analytics are valuable insights for their C&I customers.

Aug. 7, 2023

Explore the Trendline➔

Top 5 Stories from Utility Dive

Power demand is rising amid dramatic shifts in federal energy policy, but technology and markets continue to push the grid toward cleaner, more distributed resources. 

By Utility Dive staff

Pinnacle West Q2 income falls with mild June, but record July heat creates optimism

This June was the mildest since 2009 and reduced earnings 25 cents a share compared with last year, Chief Financial Officer Andrew Cooper said during an earnings call with analysts.

By Robert Walton • Aug. 4, 2023

Exelon utilities land $870M in PJM transmission projects as Q2 earnings slip

Exelon’s utilities are seeking $2.9 billion in rate increases, partly driven by state clean energy policies.

By Ethan Howland • Aug. 3, 2023

FirstEnergy investigated by Ohio organized crime commission over bribes on energy bill

Brian Tierney, FirstEnergy’s new CEO, has been meeting with state utility regulators and hasn’t detected “regulatory overhang” from the bribery scandal as key rate cases await, he said Wednesday.

By Ethan Howland • Aug. 3, 2023

PSEG CEO LaRossa sees offshore wind sale, other moves advancing predictability

With up to $18.9 billion in planned capital spending, the company is focused on energy efficiency, electric vehicles and infrastructure upgrades, Ralph LaRossa said Tuesday.

By Ethan Howland • Aug. 2, 2023

As Vogtle Unit 3 starts commercial operation, Unit 4 gets NRC approval to begin fuel loading

Vogtle Unit 3 is the first newly constructed commercial nuclear reactor in the U.S. in more than 30 years. Unit 4 is expected to enter into service in the fourth quarter of 2023 or first quarter of 2024.

By Larry Pearl • July 31, 2023

Southern California Edison eyeing ‘substantial investments’ in grid resilience and reliability, CEO says

From 2025 through 2028, SCE projects annual capital deployment of around $8 billion — double what it was six years ago — with over 85% of its investments going into the distribution grid.

By Kavya Balaraman • July 31, 2023

The business of energy providers and suppliers: Today’s pressures, tomorrow’s optimism

Energy providers worldwide are operating in a constantly evolving marketplace, and these changing conditions present both challenges and opportunities.

July 31, 2023

First Solar plans $1.1B solar panel factory

The clean energy manufacturer is adding its fifth U.S. site as it looks to leverage Inflation Reduction Act tax credits. 

By Kate Magill • July 28, 2023

Xcel to pursue cost-cutting measures after unfavorable rate case, mounting Marshall Fire litigation

While the company plans to fight both the rate case decision and the Marshall Fire lawsuits, CFO Brian Van Abel said it also aims to cut costs by about 3% to meet earnings goals in the second half of 2023.

By Emma Penrod • July 28, 2023

AEP plans to sell stakes in Duke, Berkshire transmission joint ventures amid focus on core utilities

The plan to sell off its shares in transmission companies co-owned with Duke Energy, Berkshire Hathaway Energy and Evergy continues AEP’s exit from non-utility assets.

By Ethan Howland • July 28, 2023

PG&E Corp. CEO touts efforts to prevent fires, but some say it’s ignoring the most effective measure

PG&E’s wildfire prevention efforts “dramatically changed our risk exposure and the fundamental safety of our system,” CEO Patti Poppe said on the company’s earnings call Thursday. 

By Kavya Balaraman • Updated Aug. 1, 2023

NextEra seeing signs of wider renewable energy recovery, company leaders say

Solar panel and battery prices have begun to decline, and renewables stand to gain a third class of customers as the U.S. establishes a hydrogen industry, NextEra Energy CEO John Ketchum said.

By Emma Penrod • July 27, 2023

Fervo Energy sees ‘breakthrough’ in enhanced geothermal technology, opening path for firm, clean power

The successful use of fracking techniques at a project in Nevada expands the potential for geothermal across the West, according to Tim Latimer, Fervo CEO.

By Ethan Howland • July 21, 2023

Energy Northwest, X-energy sign joint development agreement for up to 12 small modular reactors

Energy Northwest expects to develop the 960 MW project at a site adjacent to the Columbia Generating Station and bring the first Xe-100 module online by 2030.

By Larry Pearl • July 20, 2023

AES Indiana plans 200-MW/800-MWh energy storage at retiring coal plant

The project would use existing interconnection rights. “As renewables proliferate, finding ideal interconnections is getting, and will continue to get, more difficult,” an AES official said.

By Ethan Howland • July 20, 2023

‘Waste-to-value’ development firm Nexus PMG targets biochar, energy following $50M infusion

Nexus PMG has raised its first major growth equity round from institutional backers. The funding will help grow its advisory business as well as subsidiaries Nexus W2V and Pathway Energy. 

By Jacob Wallace • July 13, 2023

DTE Electric agrees to speed Michigan coal plant retirements, renewable and energy storage buildout

DTE will add 3.8 GW of renewables and 780 MW of energy storage by 2030 under a settlement agreement released Wednesday.

By Ethan Howland • July 13, 2023

Evergy capital plan rises 64% in 4 years, reflecting surge in US utility spending: Kansas regulatory staff

S&P Global expects record-setting capital spending by utilities starting this year, partly in response to federal clean energy and infrastructure policy.

By Ethan Howland • July 12, 2023

New solar venture to invest up to $1.5B on domestic operation, beginning with Colorado factory

VSK Energy aims to develop a vertically integrated solar manufacturing operation in the U.S. to help reduce reliance on other countries for key components. 

By Megan Ruggles • July 7, 2023

Minnesota PUC approves Xcel’s plan to install a 10-MW/1,000-MWh Form Energy battery system

The utility company expects the long-duration energy storage project will be operating by the end of 2025. It will be paired with 710 MW of solar at the site of a coal-fired power plant that is being retired.

By Ethan Howland • July 7, 2023

Roughly $7B federal loan could offer PG&E ‘cheap money’ to upgrade electric grid in California

If approved, the loan would fund projects related to resiliency, building and vehicle electrification and distributed energy resources, according to a utility spokesperson. 

By Kavya Balaraman • July 6, 2023

Duke Energy in $364M deal to sell unregulated distributed generation business to ArcLight affiliate

Duke plans to use the proceeds from the sale to strengthen its balance sheet as it eyes $36 billion in spending on regulated assets over the next five years.

By Ethan Howland • July 5, 2023

$6.6B Mountain Valley Pipeline gets green light to finish construction

The much-delayed pipeline got permission from federal regulators to move ahead after years of legal challenges.

By Julie Strupp • July 5, 2023