Corporate News
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GM sells stake in Ultium Cells joint venture battery plant
The plant is one of three U.S. facilities that the automaker planned to operate as part of its joint venture with LG Energy Solution.
By Eric Walz • Dec. 5, 2024 -
BlackRock, Temasek venture leads $35M funding round for ConnectDER
The latest funding round, led by Decarbonization Partners, will help accelerate growth for the home solar power and EV adapter company.
By Lamar Johnson • Dec. 5, 2024 -
Trendline
Top 5 Stories from Utility Dive
The U.S. energy transition is facing challenges around grid interconnections, project permitting and power system reliability, but state, federal and other solutions are emerging.
By Utility Dive staff -
Amazon Web Services leans on AI to decarbonize data centers, boost energy efficiency
Amazon’s cloud computing subsidiary has signed a deal with Orbital Materials and made infrastructure updates to boost data center sustainability and energy efficiency.
By Zoya Mirza • Dec. 4, 2024 -
Mitsubishi Electric subsidiary invests $86M in switchgear factory
The company is building a 160,000-square-foot facility in the Pittsburgh area to meet growing demand for transmission and distribution grid products.
By Joelle Anselmo • Dec. 4, 2024 -
Texas, other states sue BlackRock, Vanguard for ‘conspiring’ to restrict US coal market
The lawsuit alleged the firms are using the influence gained through their stock holdings to pressure coal companies to reduce output in alignment with the asset managers’ net-zero goals.
By Lamar Johnson • Dec. 3, 2024 -
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Improve safety using root cause analysis and strengthening information management
Advance along your journey to zero HSE incidents by elevating human potential with information reimagined.
By Phil Schwarz • Dec. 2, 2024 -
2024 Elections
2024 election: US electric power sector impacts
The U.S. energy transition continues, but the shape and pace of change will be significantly impacted by the results of the federal election — for some issues more than others.
By Larry Pearl , Diana DiGangi , Robert Walton , Ethan Howland • Nov. 27, 2024 -
US clean energy investments hit record high in Q3: Rhodium
The industry saw $71 billion in investment in the quarter, as clean investments accounted for 5% of total private U.S. structure, equipment and consumer goods spending.
By Lamar Johnson • Nov. 26, 2024 -
Opinion
Shaping the future of data centers in light of FERC’s AWS, Talen Energy ruling
The ruling shows the need for more comprehensive data center energy sourcing standards that create long-term efficiencies and investment clarity for project pipelines while protecting captive utility customers.
By Mike Granowski • Nov. 25, 2024 -
Data center boom fuels demand for nuclear projects
A shift in how tech companies like Google and Amazon meet their energy needs is creating opportunities for construction firms equipped to handle atomic power work.
By Sebastian Obando • Nov. 25, 2024 -
First Solar hit by manufacturing issues, terminated contracts in Q3
The solar manufacturer's revenue declined 10.8% year over year as the clean energy regulatory environment remains unstable.
By Joelle Anselmo • Nov. 21, 2024 -
JPMorgan unveils ratio of green energy to high carbon financing following shareholder proposal
The bank said it spent $1.29 on green solutions for every dollar spent on high-carbon activities in the disclosure prompted by a proposal submitted by NYC Comptroller Brad Lander.
By Lamar Johnson • Nov. 19, 2024 -
AEP, Bloom Energy 1-GW fuel cell deal to power data centers would set new record
Market analysts disagree about the significance of the deal, however, which represents the largest commercial procurement of fuel cells to date.
By Emma Penrod • Nov. 18, 2024 -
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 -
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 -
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 -
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 Diana DiGangi • Nov. 7, 2024 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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