Corporate News: Page 3
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Courtesy of Google
Google, Kairos Power ink 500-MW advanced nuclear reactor deal
The master development agreement has Kairos delivering the first small modular reactor by 2030 and developing, building and operating additional power plants through 2035.
By Brian Martucci • Oct. 15, 2024 -
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CBRE acquires NRG Energy’s renewable advisory group
The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.
By Joe Burns • Oct. 15, 2024 -
Explore the Trendline➔
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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 -
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US banks largely lagging on implementing best practices for net-zero: report
“What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.
By Lamar Johnson • Oct. 11, 2024 -
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Report ranks 21 private equity firms based on fossil fuel investments, green transition progress
Two-thirds of the energy companies included in the portfolios of these private equity firms are invested in fossil fuels assets, which collectively emit 1.17 billion metric tons of CO2 equivalent annually.
By Zoya Mirza • Oct. 8, 2024 -
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AEP, Dominion, FirstEnergy propose joint 765-kV transmission projects across PJM
The transmission proposals spanning Virginia, West Virginia and Ohio were developed through an “innovative joint planning agreement,” the companies said Monday.
By Ethan Howland • Oct. 8, 2024 -
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OpinionBig Tech is upending the clean energy landscape
Big Tech’s demands for specific project development plans and contractual provisions can create — or destroy — millions of dollars in value for renewable companies.
By Akshat Kasliwal, Jesse Gilbert, and Anirudh Mathur • Oct. 7, 2024 -
Courtesy of Bechtel
ERCOT, SPP and 3 US regions need ‘significant investment’ in new generating capacity: BofA
The U.S. will need an incremental 100 GW of effective capacity by 2035 to meet a 1.5% demand growth rate, according to BofA Global Research.
By Robert Walton • Oct. 1, 2024 -
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CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG
CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.
By Suman Bhattacharyya • Sept. 30, 2024 -
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OpinionC&I customer needs are rapidly changing. How can utilities maximize their relationship?
Utilities risk being blindsided by the capacity needs of commercial and industrial customers by not engaging them early and often to understand their electrification plans.
By Julia Hamm and Chase Weir • Sept. 26, 2024 -
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The bipartisan ADVANCE Act is boosting US nuclear. What does the industry want next?
Nuclear executives and analysts reflect on the landmark law’s expected benefits while gaming out the next wave of policy support — and a future where it’s no longer necessary.
By Brian Martucci • Sept. 24, 2024 -
Retrieved from Marque1313.
A fast-track PJM interconnection review could speed Three Mile Island restart: Constellation CFO
Pennsylvania Gov. Josh Shapiro, D, urged the PJM Interconnection on Friday to adopt expedited interconnection studies for shovel-ready projects.
By Ethan Howland • Sept. 23, 2024 -
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Constellation plans 2028 restart of Three Mile Island unit 1, spurred by Microsoft PPA
The tech giant will purchase energy from the 835-MW plant over 20 years to match power consumed by its data centers in the PJM Interconnection.
By Brian Martucci • Sept. 20, 2024 -
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BlackRock, Microsoft, others form AI and energy infrastructure investment partnership
Microsoft President Brad Smith said the funding necessary to build out the data centers, AI factories and energy needed to power them “goes beyond what any single company or government can finance.”
By Lamar Johnson • Sept. 20, 2024 -
Courtesy of General Motors
GM, EVgo plan 400 EV charging stations in metro areas
Most flagship stations are expected to feature up to 20 stalls, but some select sites will offer significantly more chargers.
By Eric Walz • Sept. 17, 2024 -
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NRC exemption for Hermes 2 test reactor shows nuclear licensing ‘progress’: NIA
NRC’s decision against a full environmental impact statement shows its progress on more efficiently and effectively licensing advanced nuclear technologies, Nuclear Innovation Alliance’s Patrick White said.
By Brian Martucci • Sept. 17, 2024 -
FirstEnergy to pay $100M to settle SEC HB 6 bribery investigation
“We are pleased to have reached a resolution with the [Securities and Exchange Commission] as we continue to turn a new chapter,” Brian Tierney, FirstEnergy president and CEO, said Thursday.
By Ethan Howland • Sept. 13, 2024 -
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Middle River Power reverses plan to shut 540-MW plant amid record PJM capacity prices
The company withdrew plans to shutter its gas-fired Elgin power plant in Illinois after capacity prices jumped to $270/MW-day in PJM's part of the state.
By Ethan Howland • Sept. 12, 2024 -
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FERC greenlights BlackRock’s $12.5B purchase of Global Infrastructure Partners
The Federal Energy Regulatory Commission approved the transaction on the back of a blanket authorization it first granted the asset management firm in 2010.
By Lamar Johnson • Sept. 11, 2024 -
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Research shows RNG industry consolidating as major players announce new or completed projects
A report from WoodMackenzie found that market consolidation could lead to greater efficiencies and drive technology upgrades at landfills. Meanwhile, WM and Waste Connections shared progress on their RNG projects.
By Jacob Wallace • Sept. 10, 2024 -
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BLM approves NV Energy’s Greenlink West transmission, Arevia’s $2.3B solar + storage project
NV Energy will buy power from Arevia’s 700-MW solar/2.8-GWh battery project in Nevada at a levelized cost of $93.69/MWh.
By Ethan Howland • Sept. 10, 2024 -
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CleanCapital, Sunrock partner to deploy solar, battery storage in US communities
CleanCapital’s senior director of investments and capital markets said the partnership will allow the companies to accelerate the nation's energy transition “where it matters most.”
By Lamar Johnson • Sept. 5, 2024 -
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Texas denies Aegle Power loan application for 1.3-GW gas plant after NextEra’s unauthorized inclusion
Lawmakers said they want to know how the Public Utility Commission of Texas and Deloitte “advanced a problematic and unqualified application by an energy executive who was publicly convicted of fraud.”
By Robert Walton • Sept. 5, 2024 -
Courtesy of Ford Motor Co.
Ford, TXU Energy aim to make at-home EV charging more affordable
The utility is offering the automaker's electric vehicle customers 125 hours of free home charging time a week.
By Kalena Thomhave • Sept. 4, 2024 -
Courtesy of The Chemours Co.
Chemours opens EV battery innovation center in Delaware
The research and development facility will focus on developing and improving lithium-ion batteries for electric vehicles.
By Sara Samora • Sept. 3, 2024 -
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Meta inks geothermal deal with Sage Geosystems to power data centers
The deal will provide up to 150 MW and be the first use of next-gen geothermal energy east of the Rocky Mountains.
By Lamar Johnson • Aug. 29, 2024
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