Corporate News


  • An illustration of utility-scale battery storage.
    Image attribution tooltip
    Adeline Kon/Utility Dive
    Image attribution tooltip

    Intersect Power secures $837 million to boost Texas storage portfolio by nearly 1 GWh

    The package will finance three 320-MWh storage facilities set to complement 1.2 GW of Intersect Power-owned peak solar capacity later this year.

    By Brian Martucci • July 18, 2024
  • Wind turbines spin behind a solar energy park.
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    LevelTen Energy scores $65M to scale clean energy transition

    The transaction infrastructure company connects renewable energy buyers, sellers and advisers and plans to use the financing to expand its platform.

    By Zoya Mirza • July 18, 2024
  • A picture of wind turbines in front of solar panels in Palm Springs, California. Explore the Trendline
    Image attribution tooltip
    Kevork Djansezian via Getty Images
    Image attribution tooltip
    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
  • A facade of a Schneider Electric building.
    Image attribution tooltip
    Permission granted by Schneider Electric
    Image attribution tooltip

    Schneider Electric upgrades cloud-based energy management platform

    The enhancements include an automation feature that provides building operators with real-time calculations of renewable energy coverage against consumption data, a company executive said.

    By Nish Amarnath • July 18, 2024
  • Shot of BlackRock building from below with company logo centered and U.S. flag visible to the right of company name.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    BlackRock updates climate stewardship policies, targeting $150B in funds

    The policies will initially apply to 83 European investment funds with $150 billion in assets under management and prioritize sectors and companies “critical” to the clean energy transition.

    By Lamar Johnson • July 16, 2024
  • A commercial building bears rooftop solar panels facing the twilit skyline of Atlanta, Georgia
    Image attribution tooltip
    Lisa-Blue via Getty Images
    Image attribution tooltip

    Cushman & Wakefield, Catalyze partner to increase renewable energy installations

    Expanding the use of solar and energy storage technology at U.S. commercial and industrial facilities can reduce emissions and save money, the companies say.

    By Nish Amarnath • July 15, 2024
  • Transformers and power transmission lines at a power distribution yard August 18, 2003 in Des Plaines, Illinois.
    Image attribution tooltip
    (Photo by Tim Boyle/Getty Images) via Getty Images
    Image attribution tooltip

    Italy-based Westrafo to build its first US transformer plant

    The Ohio medium transformer manufacturing facility will have an output of 12 GW per year starting in 2027.

    By Joelle Anselmo • July 15, 2024
  • The Amazon logo is projected onto a screen,
    Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    Amazon hits renewable energy goal early, reduces carbon emissions

    The e-commerce giant said it met a goal to match all of its electricity consumption with renewable energy seven years early and decreased overall emissions by 3% in 2023.

    By Zoya Mirza • July 15, 2024
  • Dominion Energy headquarters
    Image attribution tooltip
    Zach Gibson / Stringer via Getty Images
    Image attribution tooltip

    Dominion Energy requests input on feasibility of building SMR at North Anna nuclear site

    Dominion has issued a request for proposals that advances its goal to deploy an SMR in Virginia by the mid-2030s and potentially several additional units in the following decade, a utility spokesperson said.

    By Brian Martucci • July 12, 2024
  • Four people wearing construction vests and hats cut the ribbon in front of a small Waga Energy industrial facility with tanks and pipes on a breezy day.
    Image attribution tooltip
    Permission granted by Waga Energy
    Image attribution tooltip

    Waga Energy secures new loan to expand RNG facilities, including at US landfills

    France-based Waga is looking to build on its momentum in North America after bringing its first U.S. facility online earlier this year. The landfill-gas-to-RNG company has partnered with Casella, OCI Global and others.

    By Jacob Wallace • July 11, 2024
  • Utility Dive interview series
    Image attribution tooltip
    Yujin Kim/Utility Dive
    Image attribution tooltip
    Q&A

    Hydrostor’s longer-duration storage tech is ‘bankable’ today but ‘not every market is ready’: CEO

    “In the next two to five years, I have a tough time envisioning a major market that won’t be in dire straits without long-duration storage,” Curtis VanWalleghem said.

    By Brian Martucci • July 9, 2024
  • Woman using app on Phone to control digital central heating thermostat at home
    Image attribution tooltip
    monkeybusinessimages via Getty Images
    Image attribution tooltip
    Opinion

    The No. 1 untapped tool for utilities to engage next-gen energy customers? Influencers.

    To overcome existing frictions, energy companies must reach customers where they already are and seamlessly insert education and brand stories.

    By Kate Finley • July 9, 2024
  • A river runs in front of forests, fields and steam billowing from two cement cooling towers from a power plant.
    Image attribution tooltip
    The image by Jakec is licensed under CC BY-SA 4.0
    Image attribution tooltip

    Talen urges FERC to reject AEP-Exelon protest over interconnection pact for Amazon data center

    American Electric Power and Exelon are trying to “hijack” an interconnection service agreement amendment proceeding and make it an ad hoc referendum on the future of data center load, Talen’s Susquehanna Nuclear said.

    By July 8, 2024
  • Rendering of LG's $5.5 billion battery plant in Queen Creek, Arizona
    Image attribution tooltip
    Courtesy of LG Energy Solution
    Image attribution tooltip

    LG pauses construction on part of $5.5B Arizona battery plant

    The firm said it's adjusting the pace of its investments but remains confident the facility will play an important role in its operations.

    By Sebastian Obando • July 2, 2024
  • Google logo displayed in front of building.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Google invests in BlackRock-owned solar company to aid net-zero goals

    The tech giant will invest in the buildout of Taiwan’s clean energy capacity for the rights to procure up to 300 MW of solar power from New Green Power’s development pipeline.

    By Lamar Johnson • July 2, 2024
  • A white building with windows, with the black Topsoe logo above the glass doors.
    Image attribution tooltip

    Courtesy of Topsoe.

    Image attribution tooltip

    Topsoe, ABB, Fluor to build joint electrolyzer facility in Virginia

    The collaboration aims to develop a facility with reduced costs and improved safety for making e-fuels.

    By Sara Samora • June 27, 2024
  • A general view of Exxonmobil or Exxon Mobil refinery in the Port of Rotterdam on April 23, 2020 in Rotterdam, Netherlands.
    Image attribution tooltip
    Dean Mouhtaropoulos via Getty Images
    Image attribution tooltip

    ExxonMobil taps Air Liquide for low-carbon hydrogen project

    The industrial gases company will invest up to $850 million to build and operate four air separation units to boost the oil giant’s Texas hydrogen project.

    By Zoya Mirza • June 27, 2024
  • Hershey's chocolate bars are shown on July 16, 2014 in Chicago, Illinois.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Hershey ramps up renewable energy sourcing to slash emissions

    The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.

    By Zoya Mirza • June 14, 2024
  • An aerial view of an industrial complex with buildings, storage tanks and pipes, and a power plant in the background.
    Image attribution tooltip
    Courtesy of Basin Electric Power Cooperative
    Image attribution tooltip

    Basin Electric faces $471M in customer rebates for putting nonutility expenses in rates

    A FERC administrative law judge also found Basin Electric was imprudent when it failed to consider replacing coal-fired power plants with potentially less expensive generation.

    By June 13, 2024
  • California Attorney General Rob Bonta speaks during a news conference.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    California goes after Big Oil’s ‘illegal’ profits over alleged greenwashing

    ExxonMobil, Shell, Chevron, ConocoPhillips, BP and the American Petroleum Institute may be required to surrender profits gained from false advertising, according to an amended complaint filed Monday.

    By Zoya Mirza • June 12, 2024
  • Proposed design for TerraPower's Natrium reactor
    Image attribution tooltip
    Permission granted by TerraPower
    Image attribution tooltip

    TerraPower begins construction at 345-MW advanced reactor site in Wyoming

    The company expects to begin building non-nuclear electricity generation infrastructure in 2025, TerraPower chairman Bill Gates said Monday.

    By Brian Martucci • June 12, 2024
  • Front View Of Electric Meters On Building Facade
    Image attribution tooltip
    onurdongel via Getty Images
    Image attribution tooltip

    Maryland PSC rejects Exelon utility’s $213.6M multiyear rate plan

    Instead, Pepco will be able to increase its rates by $44.6 million for a year while the state agency assesses the benefits of multi-year rate plans.

    By June 12, 2024
  • Two red- and white-striped smokestacks rise next to a large brick building next to a body of water.
    Image attribution tooltip
    The image by Notorious4life is licensed under CC BY 1.0
    Image attribution tooltip

    DTE Energy to deploy 220 MW of battery storage at former coal plant

    The announcement follows an RFP for 120 MW of energy storage and tracks DTE’s longer-term push to more than double energy storage capacity by 2042.

    By Brian Martucci • June 11, 2024
  • Utility Dive interview series
    Image attribution tooltip
    Yujin Kim/Utility Dive
    Image attribution tooltip
    Q&A

    ‘Any utility today can have a VPP program’: Sunrun virtual power plant head

    Chris Rauscher discusses best practices for VPP design, the grid value of demand response and why targeting early adopters could lead distributed energy providers astray.

    By Brian Martucci • June 5, 2024
  • Wind turbines seen behind solar panels at a wind farm.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Energy Capital Partners secures $6.7B to invest in clean energy industry

    The New Jersey-based private equity firm said its fifth flagship fund would invest in companies focused on power generation, decarbonization and renewable and storage assets.

    By Zoya Mirza • June 5, 2024
  • Electrical power grid and power line towers at sunset.
    Image attribution tooltip
    YinYang via Getty Images
    Image attribution tooltip

    GE Vernova spinoff ThinkLabs AI developing artificial intelligence tool to boost grid reliability

    The company is developing Copilot, an AI-powered digital assistant, to help utilities manage the renewable energy, storage and other resources coming on to the grid and better match electricity supply with demand.

    By Patrick Cooley • June 4, 2024