Corporate News: Page 2
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Generative AI deployment at Diablo Canyon is a first for US nuclear power sector: PG&E
The NVIDIA-supported search and data retrieval application is the start of a series of AI-powered solutions vendor Atomic Canyon aims to deploy across the nuclear industry, CEO and co-founder Trey Lauderdale said.
By Brian Martucci • Nov. 14, 2024 -
Opinion
What COP29 entails for the global energy transition, business priorities
COP29 will be a “critical moment” in the global climate transition, further shaping the ESG landscape and motivating companies to ramp up sustainability initiatives, says Workiva’s chief sustainability officer.
By Mandi McReynolds • Nov. 14, 2024 -
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 -
FERC’s Talen Energy-Amazon decision unlikely to impact NuScale data center plans: CEO
NuScale also expects its application before the NRC to uprate its reactor design from 50 MW to 77 MW to conclude by mid-2025, CEO John Hopkins noted during Thursday’s Q3 earnings call.
By Brian Martucci • Nov. 11, 2024 -
Freyr Battery enters solar manufacturing, buys 5-GW plant from Trina Solar
Freyr will pay $340 million for the Wilmer, Texas, facility. It also plans to begin construction next year on another 5-GW solar manufacturing facility.
By Diana DiGangi • Nov. 7, 2024 -
2024 Elections
Clean energy, sustainable investors brace for second Trump presidency
Experts expect private sector work on ESG issues and the clean energy transition to continue, albeit at a slower pace, under a reelected Donald Trump.
By Lamar Johnson • Nov. 7, 2024 -
2024 Elections
Analysts see ‘a real fear in the market’ as renewable energy stocks plummet on election results
Tariffs and other policy actions favored by Trump could drive renewable energy prices higher over the next four years, industry analysts say.
By Emma Penrod • Nov. 7, 2024 -
Schneider Electric replaces CEO Peter Herweck amid strategic execution issues
The board’s decision to tap company veteran Olivier Blum as Herweck’s successor follows “divergences” in executing Schneider’s roadmap at a time of significant opportunity, the company said.
By Nish Amarnath • Nov. 6, 2024 -
FERC’s AWS, Talen Energy ruling ‘not the final word’ on nuclear, data center colocation: Constellation CEO
The company’s “foot is on the accelerator” to close data center deals as it works to restart Three Mile Island Unit 1 by 2027, CEO Joe Dominguez said on its third-quarter earnings call Monday.
By Brian Martucci • Nov. 5, 2024 -
Deep Dive // 2024 Elections
Harris, Trump present ‘diametrically opposed’ impacts on ESG
“A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.
By Lamar Johnson , Zoya Mirza • Nov. 5, 2024 -
Stem revenue falls sharply due to bad debt charge, lower battery hardware bookings
The company recently announced key leadership changes and a pivot to software and services amid unexpected challenges for its clean energy hardware procurement strategy.
By Brian Martucci • Nov. 4, 2024 -
Opinion
In the wake of increased scrutiny, ESG leaders aren’t backing down.
Amid a polarized political landscape, companies are beginning to view sustainability and corporate social responsibility through the same strategic lens.
By Sona Khosla • Nov. 1, 2024 -
Xcel Energy unveils $45B capital plan as data center pipeline nears 9 GW
But load growth is only part of what's driving increased investments and costs at Xcel, according to the company's third quarter earnings presentation.
By Emma Penrod • Nov. 1, 2024 -
States should procure power supplies outside PJM capacity auctions: FirstEnergy CEO
Capacity concerns come amid a surge in data center development, with FirstEnergy receiving more than 60 service inquiries larger than 500 MW this year.
By Ethan Howland • Oct. 31, 2024 -
Exelon’s ‘high probability’ data center load has nearly doubled to 11 GW, CEO says
Meanwhile, the PJM Interconnection’s plan to delay an upcoming capacity auction “sends a clear message that [market] reform is definitely needed,” CEO Calvin Butler said.
By Ethan Howland • Oct. 31, 2024 -
Alliant Energy and Energy Dome sign deal to advance nation’s first utility-scale CO2 battery
The 20-MW/200-MWh pilot project in Wisconsin could be “the first of many CO2 batteries to be built in partnership between Energy Dome and Alliant,” an Alliant executive said.
By Brian Martucci • Oct. 29, 2024 -
NextEra CEO ‘not bullish’ on SMRs as company assesses potential Duane Arnold restart
“There are only a few nuclear plants that can be recommissioned in an economic way,” and newer technologies like small modular reactors remain financially infeasible, CEO John Ketchum said.
By Emma Penrod • Oct. 24, 2024 -
Iron-air battery developer Form Energy raises $405M, announces collaboration with GE Vernova
The company has also begun a major expansion of its West Virginia manufacturing facility and aims to deploy a 1.5 MW/150 MWh commercial pilot in partnership with Great River Energy next year.
By Brian Martucci • Oct. 22, 2024 -
Deep Dive
With Palisades and Three Mile Island units set to restart, could more retired reactors follow?
Much depends on the retired plants’ condition, decommissioning status and reactor technology, experts say.
By Brian Martucci • Oct. 22, 2024 -
Sponsored by Questline Digital
Seasonal strategies: How utilities are engaging customers year-round
Discover how holidays and season changes offer key opportunities for utilities to connect with customers in creative and relevant ways.
Oct. 21, 2024 -
IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
By Lamar Johnson • Oct. 18, 2024 -
Meta joins DOE initiative, pledges $35M for carbon removal projects
The tech conglomerate said the funding is a “direct response” to the Department of Energy’s carbon removal purchase program launched earlier this year.
By Zoya Mirza • Oct. 17, 2024 -
JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
By Lamar Johnson • Oct. 17, 2024 -
Amazon announces small modular reactor deals with Dominion, X-energy, Energy Northwest
The digital retail and web services company led a $500 million investment in X-energy and will support the development of more than 600 MW of SMR capacity in Washington and Virginia.
By Brian Martucci • Oct. 16, 2024 -
Dominion unveils plans to add 21 GW of clean energy, 5.9 GW of gas generation by 2039
The company plans to deploy about 3.4 GW of new offshore wind in addition to the 2.6 GW already in development, about 12 GW of new solar, and about 4.5 GW of new battery storage.
By Diana DiGangi • Oct. 16, 2024 -
GM Energy launches ‘PowerBank’ home energy storage unit for EVs
Customers can pair two stationary batteries for up to 35.4 kWh of energy storage, enough to power an average U.S. home for up to 20 hours.
By Eric Walz • Oct. 15, 2024