Corporate News: Page 4
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Sponsored by PowerPlanWGL prepares for future corporate tax rate changes
“We expect tax rate changes in the next 12 months, and with TFA, we’re more than prepared to handle that challenge.”
Feb. 3, 2025 -
Mario Tama via Getty Images
2025 US power sector outlook
The second Trump administration has ramped up energy transition uncertainty. Meanwhile, electricity demand from data centers and electrification continues to grow, and the resource mix is changing.
By Utility Dive staff • Jan. 31, 2025 -
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 -
Courtesy of Tesla
Tesla storage deployments more than double to 31.4 GWh in 2024
Tesla expects its battery storage installations will jump at least 50% this year.
By Ethan Howland • Jan. 30, 2025 -
Anthony Kwan/Getty Images via Getty Images
Generator, advanced nuclear stocks reel as low-cost DeepSeek chills AI load growth outlook
Among the hardest hit were companies with large existing gas and nuclear fleets, along with advanced nuclear technology providers expected to benefit from rising demand for firm power.
By Brian Martucci • Jan. 28, 2025 -
dlewis33 via Getty Images
Calpine to sell 3.5 GW in PJM to avoid market power concerns from Constellation merger
Calpine plans to sell four “valuable” power plants in the PJM Interconnection’s eastern region through a solicitation process, the company told FERC.
By Ethan Howland • Jan. 28, 2025 -
Nathan Howard/Getty Images via Getty Images
NextEra partners with GE Vernova to build ‘gigawatts’ of gas generation
Behind-the-meter gas generation remains a novel concept, but NextEra sees potential for “large load customers,” company executives say.
By Emma Penrod • Jan. 27, 2025 -
Andrew Burton via Getty Images
BlackRock leaves net zero alliance as Wall Street runs from climate groups
The nation’s largest investment manager is leaving the Net Zero Asset Managers initiative, joining a broader financial institution exodus from high-profile climate alliances.
By Lamar Johnson • Jan. 13, 2025 -
AEP to sell stake in transmission companies to KKR-PSP consortium for $2.8B
American Electric Power plans to use proceeds from the sale of 19.9% of AEP Ohio Transmission and AEP Indiana Michigan Transmission for its five-year, $54 billion capital spending plan.
By Ethan Howland • Jan. 10, 2025 -
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 -
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 -
Tasos Katopodis via Getty Images
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
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