Shell, KKR invest in solar + storage as renewable market booms

The oil and gas giant is acquiring solar and storage developer Savion as part of a push into renewable energy. 

By Jason Plautz • Dec. 15, 2021

Fluence expects to bring in more than $1B in revenue in 2022, touts potential of energy storage market

Fluence, as a storage technology company and not a battery manufacturer, is well positioned to ride the market’s evolution, CEO Manuel Perez Dubuc said during its first earnings call as a publicly-traded company.

By Jason Plautz • Dec. 10, 2021

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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

New Mexico regulators unanimously reject Avangrid-PNM merger, but observers see a second chance in 2023

Observers say it is possible the deal can be salvaged, but for now concerns over reliability and the development of renewable resources have scuttled the proposed $8 billion merger.

By Robert Walton • Dec. 9, 2021

SEC probe of Tesla over solar roof fires could have limited impact, analyst says

A former Tesla employee accused the company of failing to disclose safety risks from solar panels, prompting multiple federal investigations. 

By Jason Plautz • Dec. 7, 2021

Duke net metering agreement with renewables advocates expected to increase North Carolina solar adoption

Clean energy advocates expect the proposed rates, similar to a Duke plan approved in South Carolina, to expand the distributed solar market for homeowners and businesses.

By Iulia Gheorghiu • Dec. 1, 2021

Irreconcilable conflict? Lessons from the Central Maine Power transmission corridor debacle

The Central Maine Power corridor debate shows public support must be built for much-needed infrastructure through strategic, long-term transmission and distribution planning, the author writes.

By Rebecca Schultz • Nov. 30, 2021

Taking Charge: Kore Power CEO Lindsay Gorrill on building a battery manufacturing ecosystem in Arizona

The storage industry executive says building a domestic supply chain is essential to meeting the country's clean energy goals. 

By Jason Plautz • Nov. 24, 2021

First Solar announces its largest-ever single order of solar modules — 5.4 GW to bp and affiliate

The purchase represents First Solar's third record-setting sale to close this year, according to a company spokesperson, and might indicate a growing interest among solar developers in larger, longer-term procurement deals.

By Emma Penrod • Nov. 23, 2021

US Bank pledges net-zero emissions by 2050, in a first among regionals

The bank also aims to put $50 billion by 2030 toward financing customers and projects that have a positive environmental impact. It said it is establishing a framework to more clearly track that figure.

By Dan Ennis • Nov. 15, 2021

Entergy Mississippi readies push into renewable power with plans to add 1 GW

The utility's decision is part of a larger plan designed to help counteract soaring natural gas costs on its gas-fired electric plants.

By Scott Van Voorhis • Nov. 11, 2021

Planned GE power and renewable energy spinoff poised for major growth, analysts say

The utility sector's increasingly rapid shift towards decarbonization should provide significant opportunities for GE's move, which it expects to complete by early 2024.

By Scott Van Voorhis • Nov. 10, 2021

Dominion pushes ahead with shift from non-regulated assets, echoing Exelon, DTE and other utilities

The company continues on a path to focus on its "attractive regulated utility businesses" and to lower business risks with a new sale, according to its chief financial officer.

By Iulia Gheorghiu • Nov. 9, 2021

Duke Energy eyes offshore wind, advanced nuclear, to meet NC decarbonization goals

Duke Energy CEO Lynn Good told analysts Thursday the company is exploring an array of options to meet North Carolina's new decarbonization goals.

By Scott Van Voorhis • Nov. 8, 2021

Georgia Power's Vogtle doubles original cost amid further delay

Revelations of a new delay and higher costs followed a unanimous vote by the Georgia Public Service Commission this week to allow Georgia Power to bill customers for $2.1 billion of the costs for Unit 3.

By Jason Plautz • Nov. 5, 2021

Global rule maker created for ESG disclosure standards

CFOs aiming to adopt sustainability disclosure standards must currently choose from more than a dozen inconsistent, competing frameworks. 

By Jim Tyson • Nov. 4, 2021

Entergy CEO outlines path to secure $2.5B to repair damages from Hurricane Ida

The utility is working to offset repair costs with federal funds. The company took a $65 million revenue hit from the August hurricane, double the impact of last year's largest storm.

By Scott Van Voorhis • Nov. 4, 2021

Avangrid-PNM merger in doubt after New Mexico hearing examiner warns of reliability, oversight issues

"The potential harms of the proposed transaction outweigh the promised benefits," Hearing Examiner Ashley Schannauer wrote. The New Mexico Public Regulation Commission is expected to make a decision by the end of the year.

By Robert Walton • Nov. 2, 2021

'A big win for customers': Stakeholders praise South Carolina Supreme Court ruling on Duke coal ash costs

Duke had sought to raise rates in South Carolina to pay for coal ash remediation required by North Carolina. 

By Jason Plautz • Nov. 1, 2021

Xcel first utility to adopt net zero carbon target across gas and electric operations, CEO says

Xcel CEO Bob Frenzel sees hydrogen, electrification and “low methane” supplies as key tools in reaching near- and long-term greenhouse gas targets for the company's gas utility operations.

By Ethan Howland • Nov. 1, 2021

APS vows legal action after Arizona regulators deny cost recovery for $215.5M coal plant upgrades

Regulators approved the utility’s first rate decrease since 1996, while voting against full cost recovery for APS' investment in upgrades to a coal plant being closed earlier than initially planned.

By Scott Van Voorhis • Updated Nov. 3, 2021

AEP to sell Kentucky operations to Liberty for $2.85B and use proceeds for renewables, transmission

AEP plans to add 16,600 MW of renewable energy generation and cut its carbon emissions 80% below 2000 levels by 2030.

By Larry Pearl • Oct. 27, 2021

Supply chain woes continue to crimp Tesla's vehicle, energy business

Despite record profits, Tesla executives say supply constraints have limited the company's ability to meet growing demand. 

By Jason Plautz • Oct. 25, 2021

NextEra doubles down on green hydrogen, other renewables

The company said Wednesday it has added more than 5,700 megawatts over the first nine months of 2021 to its backlog of renewable energy and storage projects.

By Scott Van Voorhis • Oct. 21, 2021

Boards facing regulatory scrutiny intensify ESG focus as SEC preps climate risk disclosure rules

Corporate directors are waking up to the need to weave sustainability best practices into business strategy, surveys show.

By Jim Tyson • Oct. 19, 2021

Empire Wind pushes opening of New York's first offshore wind farm to 2026

The developer told federal regulators it needs until December 2026 to build New York's first major offshore wind farm.

By Scott Van Voorhis • Updated Oct. 16, 2021