Corporate News: Page 10
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Bank of America, Goldman clean energy ratio proposals fail, despite some shareholder support
The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.
By Lamar Johnson • April 29, 2024 -
The image by FirstEnergy is licensed under CC BY-ND 2.0
FirstEnergy may ‘put a little money on the table’ to help end HB 6 bribery litigation: CEO
With recently approved rate hikes, FirstEnergy “proved that we can obtain constructive regulatory outcomes across our jurisdictions,” CEO Brian Tierney said.
By Ethan Howland • April 29, 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 -
Permission granted by Vanguard Renewables
Vanguard, TotalEnergies announce joint venture for at least 10 RNG facilities
The companies left open the possibility to expand their partnership to up to 60 organic-waste-to-RNG facilities. The first three facilities will be built on farms in Wisconsin and Virginia.
By Jacob Wallace • April 25, 2024 -
Courtesy of Siemens
Siemens, Eaton, Cummins among companies to receive 48C clean energy tax credits
Clean energy manufacturers have received $1.9 billion so far under the Inflation Reduction Act-funded tax credit.
By Joelle Anselmo • April 24, 2024 -
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PG&E highlights 100% emissions-free power in 2023 as generation spin-off hits snag
California regulators could vote in May on a proposal to reject Pacific Gas & Electric’s plan to create a separate company with 5.6 GW in non-nuclear generating assets as part of an effort to raise capital.
By Ethan Howland • April 24, 2024 -
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Equinor jumps into ERCOT market with 110 MW of merchant battery projects
The projects come as battery storage capacity in ERCOT could grow to 17,700 MW by mid-2025 from 6,300 MW in March, according to data from the grid operator.
By Ethan Howland • April 16, 2024 -
Mario Tama via Getty Images
Chevron leads $45M investment in carbon removal company Ion Clean Energy
The energy giant made the investment through its New Energies division in collaboration with Carbon Direct Capital.
By Lamar Johnson • April 11, 2024 -
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OpinionMaximizing the value of IRA tax incentives while minimizing investment compliance risk
The IRA is the single largest investment in clean energy in U.S. history, but industry will only benefit from the estimated $1.2 trillion in incentives if the tax credits can be successfully monetized.
By Charles Dauber • April 8, 2024 -
Permission granted by Questline
Sponsored by Questline DigitalWater utilities prioritize transparent customer communications
Why it’s imperative for water utilities to make communications a priority and build stronger customer relationships.
April 8, 2024 -
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Goldman renewables spinoff MN8 Energy secures $325M investment
MN8 has a solar fleet with a capacity of 3.2 GW, made up of more 875 projects in 28 states, and battery storage projects with a combined 270 MW of capacity.
By Lamar Johnson • April 3, 2024 -
Mario Tama via Getty Images
Citi says 71% of energy clients lack substantive transition plan or ‘ability to execute’
The bank made the disclosure in its latest climate report in response to a proposal put forward by shareholder advocacy group As You Sow.
By Lamar Johnson • April 2, 2024 -
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Verizon joins RE100 climate initiative, builds on 2030 renewables goal
The network provider previously said it aims to source or generate 100% renewable energy by the end of the decade.
By Zoya Mirza • April 1, 2024 -
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SEC to face all climate rule challenges in US 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 22, 2024 -
Courtesy of X-energy
Microsoft, Google, Nucor partner on initiative to spur emerging 24/7 clean power technologies
The Advanced Clean Electricity initiative aims for widespread commercial deployment of advanced nuclear, next-generation geothermal and long-duration storage by the early 2030s.
By Brian Martucci • March 21, 2024 -
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Constellation Energy’s $900M green bond is first in US directed at nuclear power, company says
The bond could also be used for “clean hydrogen, energy storage systems, wind repowering and carbon-free energy solutions for Constellation’s commercial customers,” the company said.
By Brian Martucci • March 21, 2024 -
National Grid announces $4B plan to upgrade upstate New York power grid
The money will go toward 70 projects, which will include building substations and rebuilding more than 1,000 miles of transmission lines connecting towns near Buffalo, Rochester and Syracuse.
By Patrick Cooley • March 21, 2024 -
Justin Sullivan via Getty Images
Google pledges to buy $35M in carbon removal credits, matches DOE
The tech giant’s commitment builds on the Department of Energy’s initiative to scale the carbon removal purchase sector.
By Zoya Mirza • March 19, 2024 -
pidjoe via Getty Images
OpinionCompanies are missing opportunities with the IRA’s clean energy tax credit incentives
Washington is offering a gift that could be worth billions to corporate America.
By Akshat Kasliwal, Jesse Gilbert and Vy Manthripragada • March 19, 2024 -
Jeff J Mitchell via Getty Images
Shell dilutes energy transition strategy, scraps 2035 decarbonization goal
The company expects a lower total growth of power sales leading up to 2030 because of the revised strategy, which led it to modify its net carbon intensity target for the end of the decade.
By Zoya Mirza • March 18, 2024 -
Permission granted by NuScale Power
NuScale CEO touts data center deal, heavy industry SMR interest amid $180M loss for 2023
NuScale signed an agreement in October with data center provider Standard Power for two SMRs and has eight funded projects with petrochemical industry partners.
By Brian Martucci • March 15, 2024 -
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PG&E aims to raise up to $1B for transmission through leases to Citizens Energy
The proposed funding for transmission projects comes a month after Pacific Gas & Electric increased its five-year capital spending plan by 20%, to $62 billion.
By Ethan Howland • March 15, 2024 -
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10 Republican-led states file lawsuit to block SEC’s climate disclosure rule
The states say the Securities and Exchange Commission exceeded its rulemaking authority in requiring public companies to disclose climate-related risks as part of their registrations and annual filings.
By Lamar Johnson • March 11, 2024 -
Permission granted by Fervo Energy
Geothermal developer Fervo Energy raises $244M as it builds 400-MW Utah project
Geothermal resources account for 4 GW of U.S. electric generating capacity but could scale up to 90 GW by 2050, experts say.
By Kavya Balaraman • March 5, 2024 -
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FERC rejects $1.1B Bridgepoint-Energy Capital Partners private equity deal on competition concerns
London-based Bridgepoint said Monday it expects ECP will soon refile an application at FERC, with a closing on the deal expected in the second quarter.
By Ethan Howland • March 4, 2024 -
The image by Electric Cat is licensed under CC BY-SA 3.0
AEP CEO removed after one year as company strategy remains unchanged
“Nothing’s really changing,” Paul Patterson, a Glenrock Associates equity analyst, said. “It’s the same story but a different chapter.”
By Ethan Howland • Feb. 28, 2024
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