Corporate News: Page 2
-
Scott Olson via Getty Images
Verizon joins RE100 climate initiative, builds on 2030 renewables goal
The network provider previously said it aims to source or generate 100% renewable energy by the end of the decade.
By Zoya Mirza • April 1, 2024 -
Joe Raedle via Getty Images
SEC to face all climate rule challenges in US 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 22, 2024 -
Explore the Trendline➔
Kevork Djansezian via Getty Images
TrendlineSustainability
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 -
Courtesy of X-energy
Microsoft, Google, Nucor partner on initiative to spur emerging 24/7 clean power technologies
The Advanced Clean Electricity initiative aims for widespread commercial deployment of advanced nuclear, next-generation geothermal and long-duration storage by the early 2030s.
By Brian Martucci • March 21, 2024 -
aimintang via Getty Images
Constellation Energy’s $900M green bond is first in US directed at nuclear power, company says
The bond could also be used for “clean hydrogen, energy storage systems, wind repowering and carbon-free energy solutions for Constellation’s commercial customers,” the company said.
By Brian Martucci • March 21, 2024 -
National Grid announces $4B plan to upgrade upstate New York power grid
The money will go toward 70 projects, which will include building substations and rebuilding more than 1,000 miles of transmission lines connecting towns near Buffalo, Rochester and Syracuse.
By Patrick Cooley • March 21, 2024 -
Justin Sullivan via Getty Images
Google pledges to buy $35M in carbon removal credits, matches DOE
The tech giant’s commitment builds on the Department of Energy’s initiative to scale the carbon removal purchase sector.
By Zoya Mirza • March 19, 2024 -
pidjoe via Getty Images
OpinionCompanies are missing opportunities with the IRA’s clean energy tax credit incentives
Washington is offering a gift that could be worth billions to corporate America.
By Akshat Kasliwal, Jesse Gilbert and Vy Manthripragada • March 19, 2024 -
Jeff J Mitchell via Getty Images
Shell dilutes energy transition strategy, scraps 2035 decarbonization goal
The company expects a lower total growth of power sales leading up to 2030 because of the revised strategy, which led it to modify its net carbon intensity target for the end of the decade.
By Zoya Mirza • March 18, 2024 -
Permission granted by NuScale Power
NuScale CEO touts data center deal, heavy industry SMR interest amid $180M loss for 2023
NuScale signed an agreement in October with data center provider Standard Power for two SMRs and has eight funded projects with petrochemical industry partners.
By Brian Martucci • March 15, 2024 -
AscentXmedia via Getty Images
PG&E aims to raise up to $1B for transmission through leases to Citizens Energy
The proposed funding for transmission projects comes a month after Pacific Gas & Electric increased its five-year capital spending plan by 20%, to $62 billion.
By Ethan Howland • March 15, 2024 -
Patrick Smith via Getty Images
10 Republican-led states file lawsuit to block SEC’s climate disclosure rule
The states say the Securities and Exchange Commission exceeded its rulemaking authority in requiring public companies to disclose climate-related risks as part of their registrations and annual filings.
By Lamar Johnson • March 11, 2024 -
Permission granted by Fervo Energy
Geothermal developer Fervo Energy raises $244M as it builds 400-MW Utah project
Geothermal resources account for 4 GW of U.S. electric generating capacity but could scale up to 90 GW by 2050, experts say.
By Kavya Balaraman • March 5, 2024 -
Ron and Patty Thomas via Getty Images
FERC rejects $1.1B Bridgepoint-Energy Capital Partners private equity deal on competition concerns
London-based Bridgepoint said Monday it expects ECP will soon refile an application at FERC, with a closing on the deal expected in the second quarter.
By Ethan Howland • March 4, 2024 -
The image by Electric Cat is licensed under CC BY-SA 3.0
AEP CEO removed after one year as company strategy remains unchanged
“Nothing’s really changing,” Paul Patterson, a Glenrock Associates equity analyst, said. “It’s the same story but a different chapter.”
By Ethan Howland • Feb. 28, 2024 -
Permission granted by Schneider Electric
Schneider Electric reaches tax credit transfer agreement with Engie to invest in clean energy projects
The solar and storage projects, expected to come online this year, will get Schneider Electric closer to its 100% renewable energy goal in North America, the company said.
By Nish Amarnath • Feb. 26, 2024 -
Justin Sullivan via Getty Images
Verizon allocates $1B green bond proceeds to renewable energy projects
The company has issued five green bonds worth approximately $5 billion since 2019, the net proceeds of which have been invested primarily or completely in clean energy projects.
By Zoya Mirza • Feb. 22, 2024 -
rabbit75_ist/iStock/Getty Images Plus via Getty Images
5 takeaways from the investor-owned utility sector’s day on Wall Street
Utilities will likely issue equity this year to fund the energy transition’s record capital spending, Edison Electric Institute officials said.
By Robert Walton • Feb. 21, 2024 -
Schneider Electric sees surge in energy management, system revenue in Q4 2023
AI developments and continued demand across the data center and infrastructure markets drove its fourth-quarter and full-year growth, according to the company’s latest earnings.
By Nish Amarnath • Feb. 20, 2024 -
AzmanL via Getty Images
Companies struggle with decarbonization due to internal governance, data issues, Engie finds
Most organizations are committed to decarbonization, but a siloed approach, bureaucracy and data challenges stand in the way of success, says a report from the French multinational utility provider.
By Suman Bhattacharyya • Feb. 20, 2024 -
The image by Cards84664 is licensed under CC BY-SA 4.0
With FERC approval in hand, Vistra poised to close on $6.3B Energy Harbor buy
Energy Harbor’s assets will be added to Vistra Vision, which will have 6.4 GW of nuclear generation, 5 million retail customers, and 2.4 GW of renewable energy and energy storage projects.
By Ethan Howland • Feb. 20, 2024 -
Justin Sullivan via Getty Images
Maui wildfire recovery fund increased to $175M, set for March 1 launch: Hawaiian Electric CEO
The utility separately initiated rolling outages on Tuesday due to multiple large generators being unavailable or operating at reduced output.
By Kavya Balaraman • Feb. 15, 2024 -
Oli Scarff via Getty Images
Barclays ceases direct funding of new fossil fuel projects
The London-based bank will also require all its portfolio energy companies to report their scoped emissions reductions targets and any expansion plans by Jan. 1, 2025.
By Lamar Johnson • Feb. 13, 2024 -
The image by FirstEnergy is licensed under CC BY-ND 2.0
FirstEnergy increases 5-year spending plan 44%, to $26B, drops 2030 carbon goal
The company abandoned its plan to cut carbon emissions 30% below 2019 levels by 2030 amid tightening power supplies in the PJM Interconnection, but it still intends to be net carbon neutral by 2050.
By Ethan Howland • Feb. 12, 2024 -
Courtesy of Fluence
Fluence’s backlog hits record $3.7B as company focuses on domestic energy storage manufacturing
Fluence is also on track to begin manufacturing battery modules at a facility in Utah this summer, allowing it to tap into the “domestic content” tax credit included in the Inflation Reduction Act.
By Kavya Balaraman • Feb. 12, 2024 -
Justin Sullivan via Getty Images
Shell rebrands climate tech company Studio X as Onward, eyes net-zero economy
The updated energy venture falls in line with the oil major’s goal to become a net-zero emissions energy business by 2050.
By Zoya Mirza • Feb. 12, 2024
Previous
