Schneider Electric books strong 2024 revenue, earnings growth amid data center boom

DeepSeek’s more computing-efficient AI models have not affected hyperscalers’ expansion plans, but U.S. trade policy bears watching, company executives say. 

By Brian Martucci • Feb. 24, 2025

Torus, Rocky Mountain Power sign MOU for 70-MW C&I demand response capability

The agreement could add a major commercial and industrial component to RMP’s Wattsmart Battery program, hailed by the Energy Department as one of the country’s most sophisticated virtual power plants.

By Brian Martucci • Feb. 21, 2025

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

AEP expects electric sales to jump 8.6% annually over 3 years

American Electric Power is in the early permitting phase for small modular reactors in Indiana and Virginia as data centers and industrial facilities drive demand for power.

By Ethan Howland • Feb. 18, 2025

PG&E tries to reassure investors amid growing wildfire concerns

Significant improvement in the company's credit rating may not be possible in the near term, company officials said Thursday. The utility wants California to expand its public wildfire insurance fund.

By Emma Penrod • Feb. 18, 2025

Exelon data center pipeline jumps to 17 GW as load forecast turns positive

CEO Calvin Butler called for new approaches to ensuring the PJM Interconnection has adequate power supplies. “A variety of solutions across regulated and merchant participants is necessary,” he said.

By Ethan Howland • Feb. 13, 2025

Transformer supply bottleneck threatens power system stability as load grows

Electric transformers are critical to managing power system reliability. Solutions to the bottleneck are emerging, but long wait times remain.

By Herman K. Trabish • Feb. 12, 2025

Eaton invests $340M in US transformer production

The company said it aims to help address the ongoing transformer shortage and meet record demand from utility, large commercial, industrial and data center customers.

By Diana DiGangi • Feb. 12, 2025

Southern California Edison investigates ties to California’s Eaton, Hurst wildfires

While the cause of the Eaton fire remains unclear, the company says its equipment may have been associated with the ignition of the smaller Hurst fire.

By Emma Penrod • Feb. 10, 2025

Xcel execs say Chinese tariffs, Trump uncertainty unlikely to affect renewables plans

The company missed fourth quarter earnings projections but said it remains optimistic for 2025.

By Emma Penrod • Feb. 7, 2025

Where Trump officials stand on renewable natural gas

Newly confirmed agency heads have committed to working with Congress on biofuels, though some supportive federal programs may be at risk. Meanwhile, companies like Waga Energy and BerQ RNG are growing their portfolios.

By Jacob Wallace • Feb. 4, 2025

Community solar agreement aims to cut electricity costs, emissions across 31 Illinois fast food outlets

The Perch Energy subscriptions will give All Star Management’s Wendy’s and McDonald’s franchise locations a 10% discount on their electricity bills, the companies said. 

By Brian Martucci • Feb. 4, 2025

China responds to Trump with added tariffs, including on coal, LNG

The new duties are set to take effect Feb. 10 and cover some car, equipment and energy imports.

By Max Garland • Feb. 4, 2025

WGL prepares for future corporate tax rate changes

“We expect tax rate changes in the next 12 months, and with TFA, we’re more than prepared to handle that challenge.”

Feb. 3, 2025

2025 US power sector outlook

The second Trump administration has ramped up energy transition uncertainty. Meanwhile, electricity demand from data centers and electrification continues to grow, and the resource mix is changing.

By Utility Dive staff • Jan. 31, 2025

Tesla storage deployments more than double to 31.4 GWh in 2024

Tesla expects its battery storage installations will jump at least 50% this year.

By Ethan Howland • Jan. 30, 2025

Generator, advanced nuclear stocks reel as low-cost DeepSeek chills AI load growth outlook

Among the hardest hit were companies with large existing gas and nuclear fleets, along with advanced nuclear technology providers expected to benefit from rising demand for firm power.

By Brian Martucci • Jan. 28, 2025

Calpine to sell 3.5 GW in PJM to avoid market power concerns from Constellation merger

Calpine plans to sell four “valuable” power plants in the PJM Interconnection’s eastern region through a solicitation process, the company told FERC.

By Ethan Howland • Jan. 28, 2025

NextEra partners with GE Vernova to build ‘gigawatts’ of gas generation

Behind-the-meter gas generation remains a novel concept, but NextEra sees potential for “large load customers,” company executives say.

By Emma Penrod • Jan. 27, 2025

BlackRock leaves net zero alliance as Wall Street runs from climate groups

The nation’s largest investment manager is leaving the Net Zero Asset Managers initiative, joining a broader financial institution exodus from high-profile climate alliances.

By Lamar Johnson • Jan. 13, 2025

AEP to sell stake in transmission companies to KKR-PSP consortium for $2.8B

American Electric Power plans to use proceeds from the sale of 19.9% of AEP Ohio Transmission and AEP Indiana Michigan Transmission for its five-year, $54 billion capital spending plan.

By Ethan Howland • Jan. 10, 2025

Fervo Energy nabs $255M to deploy carbon-free geothermal power

The Houston-headquartered energy company said the new funding would help it deploy geothermal energy to meet the “skyrocketing demand for clean, firm power.”

By Zoya Mirza • Jan. 9, 2025

Toyota Motor North America lands $4.5M DOE grant for EV battery recycling

As end-of-life and battery scrap volumes increase from rising global EV adoption, a new approach is needed to extend the useful life of many standard battery pack components, researchers said. 

By Larry Avila • Jan. 7, 2025

BMW shores up EV rare earth materials source

The automaker’s private equity firm invested in mining startup Phoenix Tailings, which is building a New Hampshire plant expected to begin production in June.

By Larry Avila • Jan. 7, 2025

Virginia to get world’s first commercial fusion power plant

Commonwealth Fusion Systems announced it will build the multibillion-dollar project in Chesterfield County.

By Zachary Phillips • Jan. 7, 2025

Texas, Utah, Last Energy challenge NRC’s ‘overburdensome’ microreactor regulations

The Nuclear Regulatory Commission’s “incredibly costly” licensing process hinders the U.S. nuclear industry, the two states and nuclear developer said in a federal lawsuit filed Dec. 30 in Texas.

By Brian Martucci • Jan. 6, 2025