Corporate News: Page 20


  • An industrial facility on a concrete pad near a landfill.
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    Permission granted by bp
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    BP deploys first Archaea modular renewable natural gas plant at Rumpke landfill

    BP hopes the modular design will help Archaea rapidly deploy its renewable natural gas technology at additional landfills.

    By Jacob Wallace • Oct. 5, 2023
  • Solar panels with wind turbines that could be used by Google, Meta , Amazon and other companies for corporate clean energy procurement.
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    Getty Images
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    An optimal clean energy procurement strategy? Google and others are working on it.

    Carbon-matching, 24/7 hourly purchases and standardized power purchase agreements are emerging approaches as the corporate green energy market evolves.

    By Oct. 3, 2023
  • Service technicians work to install transmission towers. Explore the Trendline
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    Brandon Bell via Getty Images
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    Trendline

    Top 5 Stories from Utility Dive

    Power demand is rising amid dramatic shifts in federal energy policy, but technology and markets continue to push the grid toward cleaner, more distributed resources. 

    By Utility Dive staff
  • A view of a neighborhood destroyed by a wildfire in Lahaina, Hawaii.
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    Hawaiian Electric CEO defends Maui wildfire decisions at House hearing

    The utility’s protocols did not include de-energizing power lines during high-fire-risk conditions, Hawaiian Electric President and CEO Shelee Kimura told lawmakers.

    By Kavya Balaraman • Sept. 29, 2023
  • Construction of Vogtle Nuclear Plant Unit 4
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    Courtesy of Bechtel
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    Moody’s hikes Southern, Georgia Power outlook to ‘positive’ on Vogtle progress

    Georgia Power also issued a request for information as it potentially seeks at least 3.7 GW in power supplies, including storage, storage+renewables and thermal generation.

    By Sept. 27, 2023
  • Wind mills and solar panels.
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    Opinion

    Customer-driven clean energy procurement, not regulation, is driving decarbonization

    In 2022, voluntary renewable energy procurement deals by corporate and institutional customers were equivalent to 70% of the carbon-free energy capacity added to the grid.

    By Kevin Hagen • Sept. 25, 2023
  • Customers browse inside an Apple Inc. store in on January 3, 2019 in Shenzhen, China.
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    Billy H.C. Kwok via Getty Images
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    More than 300 Apple suppliers have commited to clean energy

    The device maker also released its first carbon-neutral devices as it closes on its goal of dramatically cutting emissions in its supply chain.

    By Ben Unglesbee • Sept. 19, 2023
  • Energy Harbor's Perry nuclear power plant in North Perry, Ohio.
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    "Perry Nuclear Plant" by Cards84664 is licensed under CC BY-SA 4.0
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    Vistra plans to sell nearly 400 MW in PJM to ease market power fears from Energy Harbor deal

    The plan to sell generating units in Ohio will accelerate the merger review process, the companies told federal regulators Monday. They plan to close the $6.3 billion deal by the end of the year.

    By Sept. 19, 2023
  • Palisades nuclear power plant
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    Permission granted by Holtec International
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    Holtec International formally launches process to restart Palisades nuclear power plant

    “[A]lthough we see no real obstacles ahead, re-powering of a dormant plant such as Palisades would be a feat that has never been achieved before,” Holtec International CEO Kris Singh said.

    By Larry Pearl • Updated Oct. 9, 2023
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    Moody’s raises utility sector outlook to ‘stable’ while Bank of America remains cautious

    Analysts at Bank of America say utility stocks are “close to fairly valued," with wildfires posing an existential threat to some.

    By Sept. 8, 2023
  • A power plant on the shore of a lake in the winter.
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    PJM, market participants reach agreement to resolve $1.8B in Winter Storm Elliott fines

    The agreement potentially resolving disputes with Calpine, Energy Harbor, LS Power and others is slated to be filed with federal regulators late this month.

    By Sept. 5, 2023
  • Shadeed Acie, Sam Haidle, Celeste Washington and Denny McDonald assembling a tray for an Eos energy block.
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    Permission granted by Eos Energy Enterprises, photo by John Halpern
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    Eos Energy lands $400M DOE conditional loan guarantee for long-duration battery plant

    Eos — with a $9.7 billion, 37 GWh project pipeline — expects a Department of Energy loan guarantee will spur customer interest in its long-duration battery systems.

    By Sept. 1, 2023
  • Wartsila energy storage site in south Texas
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    Retrieved from Wartsila.
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    Peregrine Energy bags $700M financing agreement to fund 7 GW storage and renewables pipeline

    The funding will help Peregrine bring its project portfolio into operation and enable the firm to capture market arbitrage opportunities and expand into new areas, the company said

    By Kavya Balaraman • Sept. 1, 2023
  • Inside a data center for cryptocurrency mining with endless racks of CPU and motherboards.
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    Kentucky PSC rejects AEP utility’s 250-MW cryptomining power supply contract

    Kentucky Power’s proposed power supply contract could have increased electricity bills for all the utility’s customers, the state commission said.

    By Aug. 30, 2023
  • Energy Harbor's Beaver Valley nuclear power plant, which would be sold to Vistra under a pending deal.
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    "Beaver Valley Nuclear Power Plant". Retrieved from Wikipedia.
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    DOJ raises market power concerns for PJM in Vistra-Energy Harbor deal

    Vistra could withhold power from a gas-fired power plant in Ohio to increase prices for nuclear plants that would be bought in the roughly $6.3 billion deal, the DOJ’s Antitrust Division said Tuesday.

    By Aug. 23, 2023
  • A view of a neighborhood destroyed by a wildfire in Lahaina, Hawaii.
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    Getty Images
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    Hawaiian Electric eyes bankruptcy after Maui wildfires in ‘prudent scenario planning’

    “Like any company in this situation would do, and as we do in the normal course of business, we are seeking advice from various experts,” Hawaiian Electric and its parent company said Friday.

    By Aug. 21, 2023
  • Open land with electric tower.
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    Permission granted by Newpark Resources
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    Sponsored by Newpark Resources

    3 reasons composite matting is right for disaster recovery

    Utilities can be best prepared for disaster recovery efforts by utilizing composite matting.

    Aug. 21, 2023
  • Wind turbines farm in Limon, Colorado.
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    With first-of-its-kind PTC transfer, AEP sells 1.3 GW of unregulated renewables to Invenergy-led group

    American Electric Power’s sale of its unregulated renewable energy assets is part of the utility company’s effort to focus on its regulated operations.

    By Aug. 17, 2023
  • A yellow dead end sign lies across a road with burn trees and other detritus around it, and a blue sky and mountain in the background.
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    Courtesy of Office of Gov. Josh Green
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    Hawaiian Electric faces financial, cost recovery risks from Maui wildfires: Moody’s

    Unlike California, Hawai’i does not apply the legal doctrine of inverse condemnation to utilities. But the company could still be found to have been negligent as investigations unfold, Moody’s said.

    By Kavya Balaraman • Aug. 16, 2023
  • Energy thermal power station roof plant with white smoke cloud.
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    Getty Images
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    ArcLight affiliate plans to buy 693-MW Kleen Energy power plant in Connecticut from Sojitz

    The transaction builds on ArcLight’s focus on the electrification “mega trend” and on supporting the energy transition, the private equity firm said Monday.

    By Aug. 14, 2023
  • A worker watches as flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Texas.
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    Spencer Platt via Getty Images
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    DOE announces $1.2B investment in Battelle, Occidental direct air carbon capture projects

    At successful commercial scale, the two facilities would remove 2 million tons of carbon dioxide from the air annually.

    By Aug. 11, 2023
  • Dawn of new renewable energy technologies. Modern, aesthetic and efficient dark solar panel panels, a modular battery energy storage system and a wind turbine system in warm light
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    stock.adobe.com/malp

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    Energy Vault signs gravity energy storage license agreement with US renewable developer

    The company still plans to continue directly building energy storage projects itself, particularly in North America, Chairman and CEO Robert Piconi said on an earnings call Tuesday.

    By Kavya Balaraman • Aug. 9, 2023
  • Image of a worker in between photovoltaic panels holding a laptop
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    Sponsored by ESG

    Insights that energy customers seek: Differences between US and UK energy providers offer learnings for regional markets

    In a new global survey, energy providers made it clear that providing advanced energy usage reporting and analytics are valuable insights for their C&I customers.

    Aug. 7, 2023
  • Phoenix midtown skyline with a Saguaro Cactus and other desert scenery in the foreground.
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    Pinnacle West Q2 income falls with mild June, but record July heat creates optimism

    This June was the mildest since 2009 and reduced earnings 25 cents a share compared with last year, Chief Financial Officer Andrew Cooper said during an earnings call with analysts.

    By Aug. 4, 2023
  • Aerial View of High Tension Power Lines Cutting Through Woods with Fall Colors.
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    Getty Images
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    Exelon utilities land $870M in PJM transmission projects as Q2 earnings slip

    Exelon’s utilities are seeking $2.9 billion in rate increases, partly driven by state clean energy policies.

    By Aug. 3, 2023
  • Electricity transmission towers with glowing wires.
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    FirstEnergy investigated by Ohio organized crime commission over bribes on energy bill

    Brian Tierney, FirstEnergy’s new CEO, has been meeting with state utility regulators and hasn’t detected “regulatory overhang” from the bribery scandal as key rate cases await, he said Wednesday.

    By Aug. 3, 2023