Corporate News
-
Courtesy of Enphase Energy
Enphase Energy revenue drops 57% but California net metering rules spur battery sales
The revenue decrease was due to a “broad-based slowdown” in the U.S. and Europe caused by higher interest rates, policy changes and other factors, the company said.
By Larry Pearl • July 25, 2024 -
Courtesy of Holy Cross Energy
Data center renewables demand drives strong Q2 for NextEra Energy Resources
NextEra Energy’s development arm signed deals for more than 3 GW of renewable energy during the second quarter, including an 860-MW agreement with Google.
By Emma Penrod • July 25, 2024 -
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 -
Joey Sirmons/Utility Dive
Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
By Zoya Mirza , Lamar Johnson • July 22, 2024 -
Adeline Kon/Utility Dive
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 -
Sean Gallup via Getty Images
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 -
Permission granted by Schneider Electric
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 -
Spencer Platt via Getty Images
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 -
Lisa-Blue via Getty Images
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 -
(Photo by Tim Boyle/Getty Images) via Getty Images
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 -
David McNew via Getty Images
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 -
Zach Gibson / Stringer via Getty Images
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 -
Permission granted by Waga Energy
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 -
Yujin Kim/Utility Dive
Q&AHydrostor’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 -
monkeybusinessimages via Getty Images
OpinionThe 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 -
The image by Jakec is licensed under CC BY-SA 4.0
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 Ethan Howland • July 8, 2024 -
Courtesy of LG Energy Solution
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 -
Justin Sullivan via Getty Images
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 -
Courtesy of Topsoe.
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 -
Dean Mouhtaropoulos via Getty Images
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 -
Scott Olson via Getty Images
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 -
Courtesy of Basin Electric Power Cooperative
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 Ethan Howland • June 13, 2024 -
Justin Sullivan via Getty Images
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 -
Permission granted by TerraPower
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 -
onurdongel via Getty Images
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 Ethan Howland • June 12, 2024 -
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
