Corporate News: Page 24
-
GE Renewable Energy reports $5M profit in Q3 despite falling wind turbine orders
CEO Larry Culp predicts a "steep market decline" for the rest of 2020 and "a likely multi-year recovery," with GE's hopes for a turnaround riding on a recovery in the company's renewables and power divisions.
By Emma Penrod • Oct. 29, 2020 -
DTE Energy's gas unit spinoff advances electric sector shift from non-utility assets
"All-in-all, this transaction offers greater appeal to investors focused on the strategic and financial characteristics of a pure-play utility," said DTE President and CEO Gerardo Norcia.
By Larry Pearl • Oct. 29, 2020 -
Explore the Trendlineâž”
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 -
tesla
Battery constraints preventing ramp up of electric truck production, Tesla says
The Semi requires "five-ish times" more cells than a passenger vehicle, according to CEO Elon Musk, which makes it challenging to scale manufacturing of the Class 8 electric truck.
By S.L. Fuller • Oct. 27, 2020 -
Permission granted by Avangrid
PNM Avangrid MergerAVANGRID-PNM merger seen as step forward for New Mexico's untapped renewable potential
By purchasing New Mexico's largest utility, the Iberdrola subsidiary can bring its access to capital to bear to invest in renewables and transmission in the state and region.
By Matthew Bandyk • Oct. 23, 2020 -
Dollar Photo Club
PNM Avangrid MergerAVANGRID, PNM Resources announce $8.3B merger to create 'one of biggest clean energy companies' in US
The combined entity would own 10 regulated utilities in six states, and would have renewable energy operations in 24 states.
By Robert Walton • Oct. 21, 2020 -
Retrieved from Amazon on October 09, 2020
Amazon tests electric last-mile vans for consumer deliveries
Electrification is key to Amazon's Climate Pledge to reach net-zero carbon in its own operations by 2040.
By Emma Cosgrove • Updated Feb. 4, 2021 -
NextEra merger may be too attractive for Duke, regulators to ignore, analysts say
With its recent approach of Duke Energy regarding a possible tie-up, NextEra continued its 20-year quest to acquire a major utility.
By Ted Jackson • Oct. 15, 2020 -
PG&E probation judge demands details after utility equipment seized in wildfire investigation
The Zogg Fire began in late September and has since caused four fatalities and burned more than 56,000 acres.
By Kavya Balaraman • Oct. 13, 2020 -
Yujin Kim/Utility Dive
ColumnTaking Charge: How Austin Energy simultaneously managed COVID-19 and a new carbon price adder
Austin Energy General Manager Jackie Sargent discusses "crazy times," and how the utility is protecting employees while cutting emissions on the road to carbon-free status.
By Robert Walton • Oct. 8, 2020 -
Permission granted by Tesla
2 contractors chosen for Tesla's $1.1B Texas factory project
The electric car maker, which recently purchased additional land, has said that two unnamed general contractors have been selected for its Austin, Texas, Cybertruck facility.
By Zachary Phillips • Oct. 7, 2020 -
National Grid sees hydrogen as a linchpin, joins utilities targeting net zero carbon by 2050
The company intends to continue studies and pilots to blend hydrogen into its existing gas network, viewing the renewable gas as a "lynchpin" between its networks, according to a spokesperson.
By Iulia Gheorghiu • Oct. 5, 2020 -
Virginia regulatory staff project $800 annual customer bill increase for Dominion to meet clean energy law
Plans proposed by the utility, ranging from around $44 billion to $84.3 billion, did not include a least-cost compliance option, according to staffers.
By Iulia Gheorghiu • Oct. 1, 2020 -
NextEra's $60B Duke merger proposal has some strong upsides but significant obstacles, analyst finds
NextEra is still eager for a deal, but obstacles to a union are formidable. Nevertheless a deal would create a $200 billion utility behemoth, the biggest ever.
By Ted Jackson • Oct. 1, 2020 -
NextEra, Mountain Valley Pipeline developers receive 2-year extension from FERC
Regulators lifted a work-stop order on Friday on all but a 25-mile segment including a national forest. Developers were previously aiming to bring the pipeline in service by early next year.
By Iulia Gheorghiu • Updated Oct. 13, 2020 -
Catherine Morehouse, Utility Dive
Ameren pledges net zero carbon by 2050, 3.1 GW new renewables by 2030, keeping coal into 2040s
Pending negotiations over securitization legislation in Missouri could encourage the utility to retire its coal assets faster, according to stakeholders.
By Catherine Morehouse • Sept. 29, 2020 -
Citing slow, overcrowded market, GE exits coal industry, raising questions about next steps
The company's stock prices plummeted following the announcement because the transition plan lacked detail, according to one analyst. But staying in the coal market would have been much worse.
By Emma Penrod • Sept. 24, 2020 -
Courtesy of Nikola
Nikola CEO exits electric truck maker amid reports of SEC, DOJ investigations
Trevor Milton and Nikola attacked a critical report by Hindenburg Research, which claimed the company did not have a working model of its electric truck and relied on outsourced technology.
By Jim Stinson • Sept. 22, 2020 -
Ohio regulators launch probe into FirstEnergy's political and charitable contributions
The new inquiry by the Public Utility Commission comes with FirstEnergy already the target of two federal investigations and a potential state attorney general examination.
By John Funk • Sept. 18, 2020 -
S&P lowers outlook for California IOUs in light of unprecedented wildfires, regulatory risk
None of the roughly 25 wildfires burning in the state seem to have been caused by utilities, but environmental factors increase "the likelihood that a California investor-owned electric utility could potentially be the cause of a catastrophic wildfire."
By Kavya Balaraman • Sept. 18, 2020 -
Brian Tucker/Utility Dive
Sponsored by Burns & McDonnellLessons from Disruption: Navigating the Pandemic and Beyond
Welcome to "Lessons from Disruption: Navigating the Pandemic and Beyond," a podcast series dedicated to further understanding how the utility industry can overcome the several challenges brought out by COVID-19 with technology and smart planning.
By Utility Dive's Brand Studio • Sept. 18, 2020 -
Brian Tucker / Utility Dive
How to participate in the 2020 Utility Dive Awards
Industry Dive is gearing up for the 2020 Dive Awards. We want to hear your ideas on the executives, utilities and policymakers that stood out.
By Utility Dive Editors • Updated Sept. 28, 2020 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart, Schneider Electric team up to help suppliers transition to renewable energy
The initiative aims to educate suppliers and help them through conversion — a process Walmart's Senior Director of Sustainability said can be daunting.
By Emma Cosgrove • Sept. 16, 2020 -
Alevo
Public power leaders see lasting effects from 2020 disruptions with new approaches to resilience, equity
The new normal won't look like the old normal, as executives say major shifts that began in 2020 will continue to shape industry trends in the year to come.
By Emma Penrod • Sept. 11, 2020 -
JPMorgan, Citi support carbon price as CFTC panel says financial sector unprepared for climate impacts
Forcing businesses to pay for their greenhouse gas emissions would be the most efficient way to ensure financial markets reduced climate risk, a Commodity Futures Trading Commission subcommittee wrote in a report.
By Dan Ennis • Sept. 11, 2020 -
Courtesy of Nikola
Nikola, GM sign supply agreement for Class 8 fuel-cell systems, overriding previous partnership
The new memorandum of understanding does not include a GM equity stake in Nikola or the development of the Badger pickup truck.
By Jim Stinson • Updated Dec. 1, 2020
Previous
