Corporate News: Page 3
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David McNew via Getty Images
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 -
adventtr via Getty Images
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 -
Explore the Trendline➔
Kevork Djansezian via Getty Images
TrendlineSustainability
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 -
Provided by BMW Group
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 -
Courtesy of Commonwealth Fusion Systems
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 -
Retrieved from Idaho National Laboratory.
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 -
Douglas Rissing via Getty Images
Constellation NewEnergy, GSA ink $840M deal for emissions-free power to federal facilities
The procurement agreement will involve supplying over 1 million MWh of electricity each year over the course of a 10-year contract, Constellation said.
By Nish Amarnath • Jan. 3, 2025 -
Adeline Kon/Utility Dive
Con Edison, O&R issue 310-MW energy storage RFP with eye to longer-duration batteries
The solicitation follows a state order for Con Edison to procure at least 300 MW of energy storage and Orange & Rockland Utilities to procure at least 10 MW.
By Brian Martucci • Jan. 2, 2025 -
Courtesy of Hanwha Group
Qcells finalizes $1.5B DOE loan guarantee for Georgia solar plant
The plant began some production last spring, with plans to start full operations in 2025.
By Joelle Anselmo • Jan. 2, 2025 -
alacatr via Getty Images
PG&E gets $15B loan guarantee from DOE for hydropower, battery buildout
The gas and electric utility company expects the deal to close before President-elect Donald Trump takes office in January.
By Lamar Johnson • Dec. 19, 2024 -
Courtesy of General Motors
GM, ChargePoint partner to deploy 500 ultra-fast EV chargers
The chargers will support electric vehicles equipped with either CCS or NACS charging ports without the need for an adapter.
By Eric Walz • Dec. 19, 2024 -
Courtesy of Stellantis
Stellantis, Zeta Energy ink deal to develop lithium-sulfur EV batteries
Zeta Energy’s lithium-sulfur batteries do not require critical raw materials, such as cobalt, nickel manganese or graphite.
By Eric Walz • Dec. 19, 2024 -
Permission granted by Oklo
Oklo inks 12-GW advanced reactor supply agreement with data center developer Switch
Initial deployments of the 50-MWe Aurora powerhouse reactor could begin as early as 2029, Oklo said today.
By Brian Martucci • Dec. 18, 2024 -
Courtesy of Vanguard Renewables
Vanguard Renewables names new CEO as owner BlackRock looks for growth
The anaerobic digestion company’s former CEO, who held the role since before Vanguard was purchased by a division of BlackRock Real Assets, has departed, the company confirmed.
By Jacob Wallace • Dec. 18, 2024 -
gorodenkoff via Getty Images
Energy Vault, RackScale partner on 2 GW/20 GWh of data center batteries
Energy Vault’s modular, “battery agnostic” B-Nest system has more than eight times the energy density of traditional systems, which makes it a good fit for space-constrained urban areas, the company says.
By Brian Martucci • Dec. 17, 2024 -
Courtesy of BlueOval SK
DOE closes on $9.6B loan to Ford’s BlueOval SK battery joint venture
The funds will finance construction of up to three electric vehicle battery plants in the U.S., two in Kentucky and one in Tennessee.
By Eric Walz • Dec. 17, 2024 -
Hiraman via Getty Images
Convergent lands $150M in financing for distributed solar, storage projects
The funding will speed development of more industrial-scale distributed energy projects, CEO Johannes Rittershausen said.
By Brian Martucci • Dec. 12, 2024 -
Derick Hudson via Getty Images
Meta signs quartet of solar purchase agreements with Invenergy
The four contracts are expected to provide the tech and social media giant with 760 MW of clean energy.
By Lamar Johnson • Dec. 12, 2024 -
Jose Gulias Trigas via Getty Images
Net-Zero Asset Owner Alliance calls for mandated scope 3 emissions disclosures
The UN-convened alliance made the call to increase the comparability and quality of scope 3 data and allow asset owners to more accurately assess and decarbonize their portfolios.
By Lamar Johnson • Dec. 10, 2024 -
“Schneider Electric Torgauer Straße auf dem EUREF-Campus Berlin-Schöneberg” by Igor Calzone1 is licensed under CC BY-SA 4.0
Schneider Electric data center innovations shed light on AI strategy
A new data center reference design, co-developed by NVIDIA, and a high-density uninterruptible power supply are among the company’s future goals for energy and artificial intelligence, Schneider Electric says.
By Joe Burns • Dec. 10, 2024 -
Courtesy of Rivian
Rivian to open its charging network to all EV drivers
The move follows Tesla’s decision to open its Superchargers to other automakers to improve public access and promote EV adoption.
By Eric Walz • Dec. 9, 2024 -
Courtesy of Ultium Cells LLC
GM sells stake in Ultium Cells joint venture battery plant
The plant is one of three U.S. facilities that the automaker planned to operate as part of its joint venture with LG Energy Solution.
By Eric Walz • Dec. 5, 2024 -
Courtesy of ConnectDER announces Series D funding
BlackRock, Temasek venture leads $35M funding round for ConnectDER
The latest funding round, led by Decarbonization Partners, will help accelerate growth for the home solar power and EV adapter company.
By Lamar Johnson • Dec. 5, 2024 -
Noah Berger via Getty Images
Amazon Web Services leans on AI to decarbonize data centers, boost energy efficiency
Amazon’s cloud computing subsidiary has signed a deal with Orbital Materials and made infrastructure updates to boost data center sustainability and energy efficiency.
By Zoya Mirza • Dec. 4, 2024 -
Stock Photo via Getty Images
Mitsubishi Electric subsidiary invests $86M in switchgear factory
The company is building a 160,000-square-foot facility in the Pittsburgh area to meet growing demand for transmission and distribution grid products.
By Joelle Anselmo • Dec. 4, 2024 -
George Frey via Getty Images
Texas, other states sue BlackRock, Vanguard for ‘conspiring’ to restrict US coal market
The lawsuit alleged the firms are using the influence gained through their stock holdings to pressure coal companies to reduce output in alignment with the asset managers’ net-zero goals.
By Lamar Johnson • Dec. 3, 2024
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