Corporate News: Page 5
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Xcel Energy unveils $45B capital plan as data center pipeline nears 9 GW
But load growth is only part of what's driving increased investments and costs at Xcel, according to the company's third quarter earnings presentation.
By Emma Penrod • Nov. 1, 2024 -
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States should procure power supplies outside PJM capacity auctions: FirstEnergy CEO
Capacity concerns come amid a surge in data center development, with FirstEnergy receiving more than 60 service inquiries larger than 500 MW this year.
By Ethan Howland • Oct. 31, 2024 -
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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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Exelon’s ‘high probability’ data center load has nearly doubled to 11 GW, CEO says
Meanwhile, the PJM Interconnection’s plan to delay an upcoming capacity auction “sends a clear message that [market] reform is definitely needed,” CEO Calvin Butler said.
By Ethan Howland • Oct. 31, 2024 -
Courtesy of Alliant Energy
Alliant Energy and Energy Dome sign deal to advance nation’s first utility-scale CO2 battery
The 20-MW/200-MWh pilot project in Wisconsin could be “the first of many CO2 batteries to be built in partnership between Energy Dome and Alliant,” an Alliant executive said.
By Brian Martucci • Oct. 29, 2024 -
Retrieved from NextEra Energy website on October 24, 2024
NextEra CEO ‘not bullish’ on SMRs as company assesses potential Duane Arnold restart
“There are only a few nuclear plants that can be recommissioned in an economic way,” and newer technologies like small modular reactors remain financially infeasible, CEO John Ketchum said.
By Emma Penrod • Oct. 24, 2024 -
Permission granted by Form Energy
Iron-air battery developer Form Energy raises $405M, announces collaboration with GE Vernova
The company has also begun a major expansion of its West Virginia manufacturing facility and aims to deploy a 1.5 MW/150 MWh commercial pilot in partnership with Great River Energy next year.
By Brian Martucci • Oct. 22, 2024 -
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Deep DiveWith Palisades and Three Mile Island units set to restart, could more retired reactors follow?
Much depends on the retired plants’ condition, decommissioning status and reactor technology, experts say.
By Brian Martucci • Oct. 22, 2024 -
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Sponsored by Questline DigitalSeasonal strategies: How utilities are engaging customers year-round
Discover how holidays and season changes offer key opportunities for utilities to connect with customers in creative and relevant ways.
Oct. 21, 2024 -
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IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
By Lamar Johnson • Oct. 18, 2024 -
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Meta joins DOE initiative, pledges $35M for carbon removal projects
The tech conglomerate said the funding is a “direct response” to the Department of Energy’s carbon removal purchase program launched earlier this year.
By Zoya Mirza • Oct. 17, 2024 -
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JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
By Lamar Johnson • Oct. 17, 2024 -
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Amazon announces small modular reactor deals with Dominion, X-energy, Energy Northwest
The digital retail and web services company led a $500 million investment in X-energy and will support the development of more than 600 MW of SMR capacity in Washington and Virginia.
By Brian Martucci • Oct. 16, 2024 -
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Dominion unveils plans to add 21 GW of clean energy, 5.9 GW of gas generation by 2039
The company plans to deploy about 3.4 GW of new offshore wind in addition to the 2.6 GW already in development, about 12 GW of new solar, and about 4.5 GW of new battery storage.
By Diana DiGangi • Oct. 16, 2024 -
Courtesy of General Motors
GM Energy launches ‘PowerBank’ home energy storage unit for EVs
Customers can pair two stationary batteries for up to 35.4 kWh of energy storage, enough to power an average U.S. home for up to 20 hours.
By Eric Walz • Oct. 15, 2024 -
Courtesy of Google
Google, Kairos Power ink 500-MW advanced nuclear reactor deal
The master development agreement has Kairos delivering the first small modular reactor by 2030 and developing, building and operating additional power plants through 2035.
By Brian Martucci • Oct. 15, 2024 -
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CBRE acquires NRG Energy’s renewable advisory group
The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.
By Joe Burns • Oct. 15, 2024 -
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US banks largely lagging on implementing best practices for net-zero: report
“What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.
By Lamar Johnson • Oct. 11, 2024 -
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Report ranks 21 private equity firms based on fossil fuel investments, green transition progress
Two-thirds of the energy companies included in the portfolios of these private equity firms are invested in fossil fuels assets, which collectively emit 1.17 billion metric tons of CO2 equivalent annually.
By Zoya Mirza • Oct. 8, 2024 -
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AEP, Dominion, FirstEnergy propose joint 765-kV transmission projects across PJM
The transmission proposals spanning Virginia, West Virginia and Ohio were developed through an “innovative joint planning agreement,” the companies said Monday.
By Ethan Howland • Oct. 8, 2024 -
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OpinionBig Tech is upending the clean energy landscape
Big Tech’s demands for specific project development plans and contractual provisions can create — or destroy — millions of dollars in value for renewable companies.
By Akshat Kasliwal, Jesse Gilbert, and Anirudh Mathur • Oct. 7, 2024 -
Courtesy of Bechtel
ERCOT, SPP and 3 US regions need ‘significant investment’ in new generating capacity: BofA
The U.S. will need an incremental 100 GW of effective capacity by 2035 to meet a 1.5% demand growth rate, according to BofA Global Research.
By Robert Walton • Oct. 1, 2024 -
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CEOs face hurdles in meeting net-zero targets due to decarbonization challenges: KPMG
CEOs pointed to the complexity of cutting supply chain emissions and implementing sustainable solutions as challenges affecting their net-zero target strategies.
By Suman Bhattacharyya • Sept. 30, 2024 -
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OpinionC&IÂ customer needs are rapidly changing. How can utilities maximize their relationship?
Utilities risk being blindsided by the capacity needs of commercial and industrial customers by not engaging them early and often to understand their electrification plans.
By Julia Hamm and Chase Weir • Sept. 26, 2024 -
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The bipartisan ADVANCE Act is boosting US nuclear. What does the industry want next?
Nuclear executives and analysts reflect on the landmark law’s expected benefits while gaming out the next wave of policy support — and a future where it’s no longer necessary.
By Brian Martucci • Sept. 24, 2024 -
Retrieved from Marque1313.
A fast-track PJM interconnection review could speed Three Mile Island restart: Constellation CFO
Pennsylvania Gov. Josh Shapiro, D, urged the PJM Interconnection on Friday to adopt expedited interconnection studies for shovel-ready projects.
By Ethan Howland • Sept. 23, 2024
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