Corporate News: Page
-
National Grid, RWE join scramble to develop wind projects off New York, New Jersey coasts
National Grid Ventures, the non-regulated part of the utility, and the German energy giant are the latest bidders to build offshore wind projects in the new area opened for development by the Biden administration.
By Scott Van Voorhis • May 21, 2021 -
Google, Microsoft, other companies pursue new certification to back 24/7 clean energy claims
Corporate consumers seek real-time information about their hourly energy use, and as decarbonization goals become more ambitious, EnergyTag is creating hourly certifications for clean energy.
By Iulia Gheorghiu • May 19, 2021 -
Explore the Trendline➔
Joe Raedle via Getty Images
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 -
Brian Tucker/Utility Dive
Major Duke investor calls for utility to break into 3 companies, unlock up to $15B in shareholder value
Duke said in a statement it is still reviewing the proposal but added the plan "runs counter to the strategic direction" of the broader power sector's efforts to make large scale investments.
By Catherine Morehouse • May 18, 2021 -
With solar sale, PSEG doubles down on offshore wind and nuclear
The sale of the fossil fuel plants, along with its solar facilities, is part of PSEG's larger plan to exit the business of operating merchant plants.
By Scott Van Voorhis • May 14, 2021 -
Permission granted by ESS, Inc.
Flow battery manufacturer ESS goes public via SPAC acquisition
The move will fund 16 GWh of manufacturing across three continents.
By Jason Plautz • May 13, 2021 -
Scott Olson via Getty Images
Targeted industrial control systems add cautionary flag to cyber defense strategies
A Defend Forward strategy used in the IT space may not translate well in the OT environment, according to panelists at the Hack the Capitol conference.
By David Jones • May 10, 2021 -
Xcel Energy issues broad performance metrics report, setting markers for future progress
The Minnesota-based utility graded itself on everything from customer relations to load shifting, after years of discussions with state regulators and stakeholder groups.
By Scott Van Voorhis • May 10, 2021 -
Getty Images
NRG discloses nearly $1B hit from Texas grid collapse
The power producer is working to recover some of is losses from the devastating winter storm that wreaked havoc with the Lone Star State's electric grid and gas pipelines.
By Scott Van Voorhis • May 7, 2021 -
Courtesy of Dominion Energy
Dominion looks to leverage offshore wind permitting experience amid $26B clean energy push
The company is navigating state and federal signals on decarbonization incentives with plans to invest roughly $72 billion through 2035 in its electric and gas utility operations.
By Iulia Gheorghiu • May 6, 2021 -
Exelon CEO: Replacing nuclear with renewables, storage to meet carbon goals could cost Illinois $80B
The company plans to shut down its Byron and Dresden nuclear plants in Illinois later this year and sees a state solution to avert the closures as more likely in the near term than a federal solution.
By Larry Pearl • May 6, 2021 -
Courtesy of Apple
WEC Energy Group expands carbon reduction goals, targeting net zero by 2050
The Wisconsin-based regional utility will spend more than $4 billion through 2025 on new solar, wind, battery storage and other clean energy projects.
By Scott Van Voorhis • May 4, 2021 -
Google to power Virginia data centers with 24/7 clean energy from AES
The partnership "lays a blueprint for other companies to decarbonize their own operations," Google said.
By Iulia Gheorghiu • May 4, 2021 -
Permission granted by First Solar
Solar industry launches supply chain transparency tool amid pressure to ensure ethical component sourcing
The Solar Supply Chain Traceability Protocol was developed in response to reports of human rights abuses in China, where much of the world's polysilicon is manufactured.
By Jean Haggerty • May 4, 2021 -
Courtesy of Bechtel
Vogtle Nuclear Construction DelaysBechtel reaches construction milestone at Southern Company's $25B Vogtle nuclear plant
Bechtel last week set into place a passive containment cooling water tank, which the company says is the last major lift at the only two nuclear power plants under construction in the United States.
By Kim Slowey • May 3, 2021 -
Xcel takes nearly $1B fuel cost hit from February storms but still sees Q1 profit rise
The majority of the $965 million incurred net costs came from the gas distribution and generation portions of its subsidiaries, according to the company's quarterly earnings report.
By Catherine Morehouse • April 30, 2021 -
Getty Images
PG&E will fight criminal charges tied to 2019 Kincade Fire, CEO Patti Poppe says
The Sonoma County District Attorney’s office earlier this month filed a criminal complaint charging PG&E with five felonies and 28 misdemeanors connected to the fire.
By Kavya Balaraman • April 30, 2021 -
Courtesy of GE Renewable Energy
GE Renewable Energy reports $234M Q1 loss, despite orders and revenue growth
Revenues for the comany's renewables arm came in at $3.25 billion last quarter, about 2% above Q1 2020. By comparison, Q1 revenues for the power division were $3.6 billion, 12% below the year-ago quarter.
By Jean Haggerty • April 28, 2021 -
Brian Tucker/Utility Dive
Musk touts Tesla's move to only sell home solar and storage together, admits mistakes with solar roof
The combination will streamline installation by ensuring that all the power generated goes to the battery system before reaching the house's circuit breaker, while also making strides to shore up the grid, Musk said.
By Jason Plautz • April 27, 2021 -
Citigroup sees $2-4 trillion clean energy spending gap; analysts weigh private capital's ability to fix that
The rapid growth of renewables will help close that gap, an attorney said Wednesday during a webinar hosted by Our Energy Policy, but more consistent policies are needed to ensure carbon emissions are eliminated, panelists said.
By Emma Penrod • April 23, 2021 -
Adeline Kon/Utility Dive
NextEra sees hydrogen as key to deep decarbonization, takes small steps for now
Incorporating hydrogen into the company's analysis of decarbonization "substantially changes the value equation for customers to fully decarbonize in the electricity sector," NextEra CFO Rebecca Kujawa said.
By Larry Pearl • April 22, 2021 -
Getty Images
Corporate funding for solar surges in Q1, but venture capital eyes are on storage, Mercom finds
"Everyone expects positive outcomes" in renewable energy based on the Biden administration's policy support and the recent economic recovery, said Mercom Capital CEO Raj Prabhu.
By Emma Penrod • April 21, 2021 -
Republicans test lines of attack on White House jobs, infrastructure plan
President Joe Biden's $2.3 trillion American Jobs Plan spends too much on unproven programs and technologies while ignoring traditional investment in roads and bridges, Republicans say.
By Robert Walton • April 21, 2021 -
Opinion
As climate concerns grow, how is it getting cheaper to finance gas in the US?
These transactions speak volumes about what financial institutions believe or don’t believe about the energy transition in the U.S. and its inherent risks, the author writes.
By Justin Guay • April 20, 2021 -
Mississippi Power to retire 976 MW of fossil fuels by 2027
The utility announced planned retirement dates after Mississippi regulators prompted it to reduce generation capacity amid evidence of "very little, if any, customer load growth."
By Iulia Gheorghiu • April 20, 2021 -
Justin Sullivan via Getty Images
JPMorgan, Citi follow Bank of America with trillion-dollar ESG pledges
JPMorgan's $2.5 trillion commitment could rebalance the scales. The bank has financed about $317 billion in fossil-fuel activity since 2015, an activist group found. In that time, it has put nearly $210 billion toward green initiatives.
By Dan Ennis • April 19, 2021
Previous
