Corporate News: Page 2


  • Diablo Canyon nuclear power plant
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    "Diablo Canyon Family Open House" by Tracey Adams is licensed under CC BY 2.0
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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
  • The COP29 stadium in Baku, Azerbaijan illuminated with green red and blue lights.
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    Sean Gallup via Getty Images
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    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
  • A picture of wind turbines in front of solar panels in Palm Springs, California. Explore the Trendline
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    Kevork Djansezian via Getty Images
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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
  • An illustration of a NuScale Power plant layout from 1000ft view
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    Permission granted by NuScale Power
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    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
  • Rows of solar panels are seen against a green field.
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    Bim via Getty Images
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    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 Nov. 7, 2024
  • Republican presidential nominee, former U.S. President Donald Trump points to supporters with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida.
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    Chip Somodevilla/Getty Images via Getty Images
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    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
  • Solar panels and wind turbines generating renewable energy for green and sustainable future.
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    pidjoe via Getty Images
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    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
  • A facade of a building with the Schneider Electric logo
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    Permission granted by Schneider Electric
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    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
  • An aerial view of a nuclear power plant next to a river.
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    Retrieved from Marque1313.
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    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
  • People in a bar watch a TV screen with former President Donald Trump and Vice President Kamala Harrris debating.
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    Alex Wong via Getty Images
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    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
  • Solar panels faced up at the sun.
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    Tomas Ragina for iStock via Getty Images
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    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
  • Silhouette of business people negotiating at meeting table
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    Stock via Getty Images
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    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
  • Image of Data Center With Multiple Rows of Fully Operational Server Racks.
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    gorodenkoff via Getty Images
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    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
  • State-of-the-art data center server racks.
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    Quantic69 via Getty Images
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    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 Oct. 31, 2024
  • A high-voltage electric transformer at a utility substation.
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    SBWorldphotography via Getty Images
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    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 Oct. 31, 2024
  • An aerial view of a quilted dome with trees in the background.
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    Courtesy of Alliant Energy
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    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's Duane Arnold Energy Center
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    Retrieved from NextEra Energy website on October 24, 2024
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    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
  • A rendering of a Form Energy long-duration battery storage project.
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    Permission granted by Form Energy
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    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
  • Three Mile Island nuclear power plant
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    eff Fusco / Stringer via Getty Images
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    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
  • Illustration of the four seasons represented by trees
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    istock.com/incomible

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    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 Corporation Innovation Center headquarters located in Silicon Valley.
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    Sundry Photography via Getty Images
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    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
  • legal
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    Justin Sullivan / Staff via Getty Images
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    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
  • In an aerial view, the Kayenta Solar Plant is seen on June 23, 2024 in Kayenta, Arizona.
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    Brandon Bell via Getty Images
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    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
  • The Amazon logo seen at Amazon campus in Palo Alto, California on February 18, 2020.
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    hapabapa via Getty Images
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    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
  • A photo of Dominion Energy headquarters in Richmond.
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    Zach Gibson via Getty Images
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    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 Oct. 16, 2024
  • A red Cadillac Lyriq in a garage plugged into a GM Energy residential charger.
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    Courtesy of General Motors
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    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