FERC allows activist investor Elliott to buy up to 20% of NRG Energy stock

The decision comes as the Federal Energy Regulatory Commission is considering changing its policy on investment firm purchases of utility stock.

By Ethan Howland • Jan. 11, 2024

9 US power sector trends to watch in 2024

The U.S. march toward a decarbonized electric system will continue in 2024 as policymakers and others work to balance, climate, reliability, affordability and other goals.

By Robert Walton, Ethan Howland, Diana DiGangi, Larry Pearl, Kavya Balaraman and Emma Penrod • Jan. 10, 2024

Explore the 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

Qcells to supply Microsoft with 12 GW of solar panels in expanded partnership

Microsoft is committed to going carbon-negative by 2030 and aims to achieve 100% electricity consumption coverage with renewable energy by 2025.

By Sara Samora • Jan. 9, 2024

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

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

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 Ethan Howland • Jan. 3, 2024

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 Robert Walton • Jan. 2, 2024

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 Ethan Howland • Dec. 21, 2023

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

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 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 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

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 Kavya Balaraman • Dec. 13, 2023

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 Robert Walton • Dec. 8, 2023

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

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

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 Ethan Howland • Nov. 28, 2023

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

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

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 Ethan Howland • Nov. 22, 2023

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

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 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

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

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 Kavya Balaraman • Nov. 10, 2023