Corporate News: Page 29
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First Solar CEO highlights 3.3 GWdc manufacturing expansions in Ohio, India ahead of next gen module
The new Ohio plant will allow the company to "develop a new product at the intersection of efficiency, energy yield ... cost competitiveness and advantaged environmental attributes," CEO Mark Widmar said.
By Jason Plautz • Aug. 3, 2021 -
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Tesla works with suppliers to source alternative chips for EVs amid semiconductor shortage
The approach helped the automaker produce and deliver 200,000 electric vehicles in Q2, but it warned the workaround could be difficult to sustain.
By Max Garland • Aug. 2, 2021 -
Explore the Trendline➔
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TrendlineTop 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 -
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SEC may require climate risk disclosures in expanded 10-Ks: Gensler
SEC Chair Gary Gensler says a company, when filing mandatory climate risk disclosures, may need to measure carbon emissions across its “value chain.”
By Jim Tyson • Aug. 2, 2021 -
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OpinionAs climate risk disclosures loom, US utilities must not evade accountability
U.S. utilities, through their trade groups, are pressing the SEC for weak climate disclosure policies that contradict advice from leading authorities, the authors write.
By Howard Crystal and Ilana Cohen • Aug. 2, 2021 -
Xcel plans to roll out 10,000 MW of renewable energy in Minnesota, Colorado by 2030
Xcel Energy is accelerating plans to cut its carbon emissions in Minnesota, the utility's home base, and is also gearing up for a major transition, with longtime CEO Ben Fowke slated to retire on Aug. 18.
By Scott Van Voorhis • July 30, 2021 -
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PG&E forecasts 'probable' loss from July Dixie fire as CEO Poppe highlights plan to bury power lines
Company executives provided details during Thursday's Q2 earnings call on their sweeping plan to bury 10,000 miles of power lines underground in an attempt to reduce wildfire risk in PG&E's service territory.
By Kavya Balaraman • July 29, 2021 -
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Booming demand for renewable energy financing could result in tax equity shortage, experts say
The alignment of policy and corporate goals is driving even greater demand for renewable energy, according to speakers at a Tuesday panel, but there may not be enough financing — or financing professionals — to meet demand.
By Emma Penrod • July 28, 2021 -
Tesla further delays Semi production amid component shortages
UPS has the largest single pre-order for 125 Semis, but the logistics provider said it is "waiting on the market."
By S.L. Fuller • July 28, 2021 -
Courtesy of Tesla
Musk: Supply chain issues creating 'significant unmet demand' for Tesla Megapack storage battery
In its Q2 earnings call, Tesla reported 1.2 GWh of storage deployment but warned that a global chip shortage "remains quite serious.”
By Jason Plautz • July 27, 2021 -
NextEra adds 1,840 MW renewables and storage to more than 15 GW backlog in Q2
NextEra Energy is nearing the halfway mark in its campaign to roll out 30 million solar panels across Florida by 2030, the multistate utility said Friday in its second quarter earnings report.
By Scott Van Voorhis • July 26, 2021 -
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AEP seeing 'credible interest' from potential buyers of Kentucky Power subsidiary, CEO says
AEP is ramping up its push to build more renewable generation, executives said Thursday, as the company detailed an increase in second quarter earnings amid a rebounding economy and interest in its Kentucky subsidiary.
By Scott Van Voorhis • July 23, 2021 -
FirstEnergy agrees to pay $230M fine for bribing Ohio officials to bail out two nuclear plants
Ohio groups called the fee a "drop in the bucket," despite it being the largest federal criminal penalty ever to be collected in the Southern District of Ohio, surpassing the $200 million fee imposed on Exelon subsidiary ComEd in 2020.
By Iulia Gheorghiu • July 23, 2021 -
Adeline Kon/Utility Dive
Avangrid touts green hydrogen proposals under DOE initiative, raises 2021 earnings outlook
Avangrid filed several proposals with the Department of Energy, including a plan to build a 20 MW electrolyzer and hydrogen storage complex in Connecticut, to be powered by offshore wind and other renewable sources.
By Scott Van Voorhis • July 22, 2021 -
Permission granted by Mississippi Power
Austin housing project offers Tesla large-scale test bed to address challenges with energy products
A planned community of homes with Tesla's Solar Roof and Powerwalls could offer new insights into the company's energy future.
By Jason Plautz • July 21, 2021 -
PNM Avangrid Merger
Avangrid, PNM report progress with merger critics as criminal probe of Iberdrola raises new questions
As the utilities work to win over the remaining critics of their proposed $8.3 billion merger, the New Mexico hearing examiner wants more information about a criminal investigation into the activities of Avangrid's parent company.
By Scott Van Voorhis • July 21, 2021 -
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Elliott demands Duke improve performance in Florida, Indiana; says C-suite driven by 'self-interest'
The investment company, which says it's one of the utility's largest investors, repeated its previous assertion that Duke is underperforming due to poor management.
By Catherine Morehouse • July 20, 2021 -
Getty Images
PG&E equipment may be linked with another Northern California wildfire, utility reports
California officials collected portions of a PG&E 12 kV power line, including conductors, jumpers and insulators, as part of their investigation into the fire, the utility reported to state regulators.
By Kavya Balaraman • July 20, 2021 -
Stefani Reynolds / Stringer via Getty Images
Too few companies advocate for climate-friendly policies despite lofty goals: report
Only around 40% of the country's top 100 firms lobby for green legislation, according to sustainability nonprofit Ceres. We have "run out of time to waste," a spokesperson said.
By Chris Teale • July 14, 2021 -
Courtesy of Volvo Trucks
Southern California Edison plans for 38,000 EV charging stations, in largest IOU effort of its kind
Southern California Edison wants tens of thousands of new EV charging stations across its service territory, as more and more electric vehicles hit the roads.
By Scott Van Voorhis • July 13, 2021 -
Permission granted by Enel Green Power
Corporate solar interest surges as companies exit pandemic and turn focus to ESG issues
Total corporate funding for the solar sector reached $13.5 billion in the first half of the year, a new report from Mercom Capital Group finds.
By Robert Walton • July 9, 2021 -
Courtesy of Lion Electric
Amazon, UPS say hydrogen is further down the road than electric
Near-term sustainability talk often centers on battery-electric, but the technology and market for heavy-duty BEVs is lagging, executives said.
By S.L. Fuller • July 8, 2021 -
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Deep DiveFrom green to gold: 5 ways CFOs can gain from climate risk disclosure
CFOs confronting growing pressure to disclose climate change risks can find in their analysis opportunities to improve capital allocation and risk management.
By Jim Tyson • July 6, 2021 -
AEP seeks up to $317M for 3 West Virginia coal plant upgrades
American Electric Power is facing opposition from environmentalists on upgrades to a trio of coal-fired plants as the utility seeks to extend their lives until 2040.
By Scott Van Voorhis • June 18, 2021 -
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Stem becomes investment platform CleanCapital's preferred storage provider with new partnership
The partnership will inject more capital into the storage sector while giving investors more insight into the 'esoteric' market.
By Jason Plautz • June 17, 2021 -
Brian Tucker/Utility Dive
Colonial CEO defends oversight response, urges transparency on ransomware
Private industry needs more immediate and detailed threat intelligence to prevent these attacks from happening in the future, CEO Joseph Blount told the House Committee on Homeland Security.
By David Jones • June 10, 2021
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