Corporate News: Page 3

  • Boxes move along a conveyor belt at an Amazon fulfillment center.
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    Justin Sullivan via Getty Images
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    Amazon to generate hydrogen on-site with Plug Power’s electrolyzer system

    The low-carbon hydrogen generated at an Amazon fulfillment center in Colorado will power forklift trucks and help lower emissions.

    By Zoya Mirza • Jan. 5, 2024
  • Solar panels on solar farm during a sunny day.
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    schwartstock via Getty Images
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    First Solar $700M sale of advanced manufacturing tax credits likely first of many such deals: CPA

    Current economic conditions and provisions of the Inflation Reduction Act’s 45X tax credit make such deals a particularly appealing option to solar companies looking to grow, according to a Moss Adams CPA.

    By Emma Penrod • Jan. 4, 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
  • Power lines in Nevada
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    Kathy Kafka via Getty Images
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    Pattern Energy secures $11B in financing, starts full construction on SunZia wind, transmission projects

    The scale of the SunZia project and its multifaceted financing show the renewable energy space can secure capital at levels previously only seen in traditional generation, Pattern executive Daniel Elkort said.

    By • Jan. 3, 2024
  • Two wooden blocks on a computer keyboard that spell out "M&A"
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    Maks_Lab via Getty Images
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    Avangrid ends PNM acquisition bid, sees ‘no clear timing’ to resolve New Mexico PRC’s rejection of deal

    New Mexico regulators denied the merger in 2021 over concerns of reliability risks, the potential for higher electricity prices and slower development of renewable resources.

    By • Jan. 2, 2024
  • A utility worker checks a power line after a tornado.
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    photovs via Getty Images
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    Exelon, ComEd, Ameren outlooks lowered by financial firms after regulator rejects grid plans

    While recent Illinois Commerce Commission decisions may hurt the utilities’ credit and financial outlook, consumer advocates said the agency’s actions protect ratepayers.

    By • Dec. 21, 2023
  • A view of an industrial chimney releasing fumes, steam and polluting gases
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    Jose Gulias Trigas via Getty Images
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    NREL, Amazon forge partnership on greenhouse gas emissions reporting

    The collaboration involves developing a guidance document that will consider potential emissions of large corporate projects.

    By Nish Amarnath • Dec. 18, 2023
  • Transmission towers in fog at dawn.
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    Andrei Ksenzhuk via Getty Images
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    Opinion

    The clean energy transition is here — and so are greenwashing claims

    These claims have the potential to cause reputational harm to a company while distracting attention from its environmentally beneficial activities.

    By Majidah Cochran, Melissa Horne, Mindy McGrath, and Andrea Wortzel • Dec. 15, 2023
  • Clean energy wind turbines and solar panels with a high-voltage transmission line.
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    onurdongel via Getty Images
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    Clean energy developer energyRe raises $1.2B for expansion

    The company said it will use the new capital to expand its renewable energy portfolio and advance its goals of decarbonizing cities in the U.S.

    By Lamar Johnson • Dec. 14, 2023
  • Meta's sign at 1 Hacker Way, California.
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    Kelly Sullivan via Getty Images
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    Meta partners with SRP, Ørsted to procure 100% renewable energy for Arizona data center operations

    The company will receive the majority of the solar energy Ørsted's 300-megawatt solar farm produces to continue operating its data centers on solar power.

    By Joe Burns • Dec. 13, 2023
  • An illustration of utility-scale battery storage.
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    Adeline Kon/Utility Dive
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    Eos’ energy storage pipeline grows by $1.3B amid shift to larger, longer-duration projects

    More than half of Eos’ $12.9 billion project pipeline comes from proposals delivered in 2023, thanks in part to the Inflation Reduction Act. 

    By • Dec. 13, 2023
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    David McNew / Stringer via Getty Images
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    Investor-owned utilities facing physical climate risks should expand cost recovery options: S&P

    Increased insurance levels, securitization and the development of disaster funds are all ways IOUs can mitigate the risks, according to S&P Global Ratings.

    By • Dec. 8, 2023
  • Elderly women looking at mobile phone.
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    Permission granted by Sydney Everett from Questline Digital
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    Sponsored by Questline Digital

    Personalized video: A powerful tool for building customer relationships

    Utilities must connect on a deeper level, utilizing customer data to tailor messages to each individual customer. It’s time to get personal.

    Dec. 4, 2023
  • Solar panels at Salt River Project's Copper Crossing project in Arizona.
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    Courtesy of Salt River Project
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    Amazon turns to brownfields, other ‘challenging’ projects to accelerate clean energy progress

    The company is using creative methods to keep its 2025 decarbonization goals on track amid difficult market conditions.

    By Emma Penrod • Nov. 29, 2023
  • Solar panels on a home in Washington state.
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    Cindy Shebley via Getty Images
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    Puget Sound Energy, AutoGrid aim to develop a 100-MW virtual power plant by 2025

    With plans to add about 15 GW of resources by 2045, including about 3.7 GW of demand-side and distributed resources, Puget Sound Energy aims to scale up its VPP over time.

    By • Nov. 28, 2023
  • View of trees from corporate building
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    Fahroni via Getty Images
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    Global Reporting Initiative proposes climate change, energy standards

    The proposals focus on how organizations can cut their greenhouse gas emissions and reduce energy consumption.

    By Lamar Johnson • Nov. 28, 2023
  • The headquarters of BlackRock in Manhattan.
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    Spencer Platt/Utility Dive, data from Getty Images
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    BlackRock nabs $1B for energy transition infrastructure fund

    The Evergreen Infrastructure fund aims to invest in businesses focused on energy security and has already acquired a portfolio of renewable investments.

    By Lamar Johnson • Nov. 27, 2023
  • A high-voltage transmission line in a field of grain.
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    Damien Verrier via Getty Images
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    Invenergy in talks with utilities, other companies for capacity on Grain Belt transmission line

    Invenergy is preparing to launch a solicitation for capacity on the 2.5-GW phase one of its Grain Belt project, with construction planned for early 2025.

    By • Nov. 22, 2023
  • People walk in front of a JPMorgan Chase & Co. sign at its headquarters in New York City.
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    Spencer Platt via Getty Images
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    JPMorgan to include low-carbon power generation in climate risk calculations

    The bank said it would reduce financing in the oil and gas sector and increase financing for zero- and low-carbon power generation as part of its new “Energy Mix” policy.

    By Zoya Mirza • Nov. 22, 2023
  • A forest fire burns under a high voltage transmission line in California.
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    My Photo Buddy via Getty Images
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    Opinion

    Wildfire risks in the US are soaring. Here’s what utilities can do.

    To address the increasing risk of wildfire, utilities must embrace short- and long-term strategies that emphasize asset protection, real-time risk assessment and infrastructure investments.

    By Judsen Bruzgul and Neil Weisenfeld • Nov. 17, 2023
  • Anaergia's Rialto Bioenergy Facility in California
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    Permission granted by Anaergia
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    Anaergia mulls sale of Rialto Bioenergy Facility as revenue declines

    Executives hope a production ramp-up at a Rhode Island facility and new deals will offset the impact from Rialto’s bankruptcy and turn the company’s finances around.

    By Jacob Wallace • Nov. 15, 2023
  • GE Vernova's 6 MW onshore wind turbines at a site in New York.
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    Courtesy of GE Vernova
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    Clean energy manufacturing is on the rise in New York

    The state has established multiple funding programs to entice sustainable production and development, bringing wind energy companies, heat pump manufacturers and others to the area. 

    By Sakshi Udavant • Nov. 14, 2023
  • A view of a neighborhood destroyed by a wildfire in Lahaina, Hawaii.
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    Justin Sullivan via Getty Images
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    Hawaiian Electric to provide up to $75M to new state fund for Maui wildfire victims

    Those who use the fund will waive their ability to get compensated through litigation, Scott Seu, president and CEO of parent company Hawaiian Electric Industries, said.

    By • Nov. 10, 2023
  • A young woman looks at the electricity bill
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    MStudioImages/E+ via Getty Images
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    Opinion

    The rate cases are coming: How will utility customers react?

    Strong customer opposition to current rate cases could leave utilities in the lurch when it comes to raising funds they need to make good on their promises to improve the safety and sustainability of their operations.

    By Mark Spalinger • Nov. 9, 2023
  • Workers assemble a wind turbine.
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    Baxternator via Getty Images
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    Utilities likely to continue selling non-core assets amid $745B in planned spending: Moody’s

    State regulators may push back on utility spending to protect customers from rising electric rates, according to Moody’s.

    By • Nov. 9, 2023
  • NuScale SMR module
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    Permission granted by NuScale Power, LLC
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    NuScale, UAMPS terminate small modular reactor project in Idaho

    NuScale and the Utah Associated Municipal Power Systems determined that the 462-MW project would likely not reach a sufficient subscription level to continue toward deployment.

    By • Nov. 9, 2023