Corporate News: Page 19


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    Dominion planning 'largest clean energy submission to date' in Virginia filing

    In its second quarter earnings call, CEO Robert Blue said the utility is aggressively pushing forward clean energy solutions, spending $17 billion on zero-carbon generation and storage over the next five years.

    By Jason Plautz • Aug. 9, 2021
  • DHL Express ordered 12 electric planes from aircraft manufacturer Eviation, the logistics company announced Aug. 3.
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    Courtesy of DHL Express
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    DHL Express orders 12 electric aircraft in step toward zero-emission logistics

    The company will use the electric aircraft for regional feeder routes starting in the U.S., primarily for the Southeast and West Coast.

    By Max Garland • Aug. 9, 2021
  • A picture of wind turbines in front of solar panels in Palm Springs, California. Explore the Trendline
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    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
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    Duke Energy's renewable portfolio hits 10,000 MW as utility reports Q2 earnings

    The utility is on its way to more than double its renewable power portfolio by the end of the decade, executives said Thursday.

    By Scott Van Voorhis • Aug. 6, 2021
  • State, federal efforts too late to save Exelon's Illinois nuclear plants, CEO Crane says

    Exelon's leadership has months to decommission the Byron and Dresden plants in Illinois, which CEO Chris Crane described as "the right economic decision" absent legislation.

    By Iulia Gheorghiu • Aug. 6, 2021
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    Adeline Kon/Utility Dive
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    Entergy touts hydrogen as tool to meet industrial customers' green goals

    On the utility's second quarter earnings call, CEO Leo Denault said it is working to offer industrial clients "some of the cleanest electricity in the country."

    By Jason Plautz • Aug. 6, 2021
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    AES, Google moonshot factory, to partner on grid virtualization platform

    The companies will work together on technology that could eventually give a real-time virtualization of the grid as it integrates renewables and distributed resources. 

    By Jason Plautz • Aug. 4, 2021
  • An array of photovoltaic solar panels at the Berliner Wasserbetriebe are seen on April 30, 2010 in Berlin, Germany.
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    Andreas Rentz via Getty Images
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    First Solar CEO highlights 3.3 GWdc manufacturing expansions in Ohio, India ahead of next gen module

    The new Ohio plant will allow the company to "develop a new product at the intersection of efficiency, energy yield ... cost competitiveness and advantaged environmental attributes," CEO Mark Widmar said.

    By Jason Plautz • Aug. 3, 2021
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    Tesla works with suppliers to source alternative chips for EVs amid semiconductor shortage

    The approach helped the automaker produce and deliver 200,000 electric vehicles in Q2, but it warned the workaround could be difficult to sustain.

    By Max Garland • Aug. 2, 2021
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    SEC may require climate risk disclosures in expanded 10-Ks: Gensler

    SEC Chair Gary Gensler says a company, when filing mandatory climate risk disclosures, may need to measure carbon emissions across its “value chain.”

    By Jim Tyson • Aug. 2, 2021
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    Spencer Platt via Getty Images
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    Opinion

    As climate risk disclosures loom, US utilities must not evade accountability

    U.S. utilities, through their trade groups, are pressing the SEC for weak climate disclosure policies that contradict advice from leading authorities, the authors write.

    By Howard Crystal and Ilana Cohen • Aug. 2, 2021
  • Xcel plans to roll out 10,000 MW of renewable energy in Minnesota, Colorado by 2030

    Xcel Energy is accelerating plans to cut its carbon emissions in Minnesota, the utility's home base, and is also gearing up for a major transition, with longtime CEO Ben Fowke slated to retire on Aug. 18.

    By Scott Van Voorhis • July 30, 2021
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    PG&E forecasts 'probable' loss from July Dixie fire as CEO Poppe highlights plan to bury power lines

    Company executives provided details during Thursday's Q2 earnings call on their sweeping plan to bury 10,000 miles of power lines underground in an attempt to reduce wildfire risk in PG&E's service territory.

    By Kavya Balaraman • July 29, 2021
  • An array of photovoltaic solar panels at the Berliner Wasserbetriebe are seen on April 30, 2010 in Berlin, Germany.
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    Andreas Rentz via Getty Images
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    Booming demand for renewable energy financing could result in tax equity shortage, experts say

    The alignment of policy and corporate goals is driving even greater demand for renewable energy, according to speakers at a Tuesday panel, but there may not be enough financing — or financing professionals — to meet demand.

    By Emma Penrod • July 28, 2021
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    Tesla further delays Semi production amid component shortages

    UPS has the largest single pre-order for 125 Semis, but the logistics provider said it is "waiting on the market."

    By S.L. Fuller • July 28, 2021
  • Tesla's pre-assembled Megapack, with battery moduled, bi-directional inverters and thermal management systems, controls.
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    Courtesy of Tesla
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    Musk: Supply chain issues creating 'significant unmet demand' for Tesla Megapack storage battery

    In its Q2 earnings call, Tesla reported 1.2 GWh of storage deployment but warned that a global chip shortage "remains quite serious.”

    By Jason Plautz • July 27, 2021
  • NextEra adds 1,840 MW renewables and storage to more than 15 GW backlog in Q2

    NextEra Energy is nearing the halfway mark in its campaign to roll out 30 million solar panels across Florida by 2030, the multistate utility said Friday in its second quarter earnings report. 

    By Scott Van Voorhis • July 26, 2021
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    AEP seeing 'credible interest' from potential buyers of Kentucky Power subsidiary, CEO says

    AEP is ramping up its push to build more renewable generation, executives said Thursday, as the company detailed an increase in second quarter earnings amid a rebounding economy and interest in its Kentucky subsidiary.

    By Scott Van Voorhis • July 23, 2021
  • FirstEnergy agrees to pay $230M fine for bribing Ohio officials to bail out two nuclear plants

    Ohio groups called the fee a "drop in the bucket," despite it being the largest federal criminal penalty ever to be collected in the Southern District of Ohio, surpassing the $200 million fee imposed on Exelon subsidiary ComEd in 2020.

    By Iulia Gheorghiu • July 23, 2021
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    Avangrid touts green hydrogen proposals under DOE initiative, raises 2021 earnings outlook

    Avangrid filed several proposals with the Department of Energy, including a plan to build a 20 MW electrolyzer and hydrogen storage complex in Connecticut, to be powered by offshore wind and other renewable sources.

    By Scott Van Voorhis • July 22, 2021
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    Permission granted by Mississippi Power
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    Austin housing project offers Tesla large-scale test bed to address challenges with energy products

    A planned community of homes with Tesla's Solar Roof and Powerwalls could offer new insights into the company's energy future. 

    By Jason Plautz • July 21, 2021
  • PNM Avangrid Merger

    Avangrid, PNM report progress with merger critics as criminal probe of Iberdrola raises new questions

    As the utilities work to win over the remaining critics of their proposed $8.3 billion merger, the New Mexico hearing examiner wants more information about a criminal investigation into the activities of Avangrid's parent company.

    By Scott Van Voorhis • July 21, 2021
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    Elliott demands Duke improve performance in Florida, Indiana; says C-suite driven by 'self-interest'

    The investment company, which says it's one of the utility's largest investors, repeated its previous assertion that Duke is underperforming due to poor management.

    By Catherine Morehouse • July 20, 2021
  • Analysts at the Pacific Gas and Electric (PG&E) Wildfire Safety Operations Center monitor a wildfire on August 05, 2019 in San Francisco, California.
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    Justin Sullivan via Getty Images
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    PG&E equipment may be linked with another Northern California wildfire, utility reports

    California officials collected portions of a PG&E 12 kV power line, including conductors, jumpers and insulators, as part of their investigation into the fire, the utility reported to state regulators. 

    By Kavya Balaraman • July 20, 2021
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    Too few companies advocate for climate-friendly policies despite lofty goals: report

    Only around 40% of the country's top 100 firms lobby for green legislation, according to sustainability nonprofit Ceres. We have "run out of time to waste," a spokesperson said.

    By July 14, 2021
  • A Volvo VNR Electric recently led a clean-energy truck parade of Southern California fleet operators to commemorate the opening of the new Port of Long Beach bridge.
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    Courtesy of Volvo Trucks
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    Southern California Edison plans for 38,000 EV charging stations, in largest IOU effort of its kind

    Southern California Edison wants tens of thousands of new EV charging stations across its service territory, as more and more electric vehicles hit the roads.

    By Scott Van Voorhis • July 13, 2021