Corporate News: Page 5


  • Meta headquarters in Dublin's Grand Canal Square on Dec. 10, 2021.
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    Derick Hudson via Getty Images
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    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
  • A view of an industrial chimney releasing fumes, steam and polluting gases
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    Jose Gulias Trigas via Getty Images
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    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
  • High voltage power lines seen from below Explore the Trendline
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    Joe Raedle via Getty Images
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    Trendline

    Top 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
  • 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
  • A person charges a blue Rivian R1S SUV outdoors with the sun shining at the company's Joshua Tree Charging Outpost in California
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    Courtesy of Rivian
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    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
  • An aerial view of the Ultium Cells electric vehicle battery cell plant in Lansing, Michigan.
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    Courtesy of Ultium Cells LLC
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    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
  • ConnectDER's EV meter socket adapter installed on the side of a house with an EV charger attached to the meter.
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    Courtesy of ConnectDER announces Series D funding
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    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
  • AWS logo at Amazon event
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    Noah Berger via Getty Images
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    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
  • mitsubishi-electric
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    Stock Photo via Getty Images
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    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
  • Coal falls off a conveyor belt onto a larger pile of coal. Multiple mounds of coal can be seen.
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    George Frey via Getty Images
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    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
  • Caution
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    shutterstock.com/CeltStudio

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    Sponsored by OpenText

    Improve safety using root cause analysis and strengthening information management

    Advance along your journey to zero HSE incidents by elevating human potential with information reimagined. 

    By Phil Schwarz • Dec. 2, 2024
  • An aerial view of a line of cars with their headlights on driving through a darkened valley
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    Mario Tama via Getty Images
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    2024 Elections

    2024 election: US electric power sector impacts

    The U.S. energy transition continues, but the shape and pace of change will be significantly impacted by the results of the federal election — for some issues more than others.

    By Larry Pearl , , Robert Walton , Nov. 27, 2024
  • Wind turbines spin behind a solar energy park.
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    Sean Gallup via Getty Images
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    US clean energy investments hit record high in Q3: Rhodium

    The industry saw $71 billion in investment in the quarter, as clean investments accounted for 5% of total private U.S. structure, equipment and consumer goods spending.

    By Lamar Johnson • Nov. 26, 2024
  • A data center server room.
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    sefa ozel via Getty Images
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    Opinion

    Shaping the future of data centers in light of FERC’s AWS, Talen Energy ruling

    The ruling shows the need for more comprehensive data center energy sourcing standards that create long-term efficiencies and investment clarity for project pipelines while protecting captive utility customers.

    By Mike Granowski • Nov. 25, 2024
  • Aerial view of an Amazon data center in Oregon
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    Courtesy of Amazon
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    Data center boom fuels demand for nuclear projects

    A shift in how tech companies like Google and Amazon meet their energy needs is creating opportunities for construction firms equipped to handle atomic power work.

    By Sebastian Obando • Nov. 25, 2024
  • First Solar modules being manufactured in the United States on an assembly line inside a factory.
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    Courtesy of First Solar
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    First Solar hit by manufacturing issues, terminated contracts in Q3

    The solar manufacturer's revenue declined 10.8% year over year as the clean energy regulatory environment remains unstable.

    By Joelle Anselmo • Nov. 21, 2024
  • Jamie Dimon, the CEO of JPMorgan Chase bank, talks and holds his hands out in front of him.
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    Kevin Dietsch / Staff via Getty Images
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    JPMorgan unveils ratio of green energy to high carbon financing following shareholder proposal

    The bank said it spent $1.29 on green solutions for every dollar spent on high-carbon activities in the disclosure prompted by a proposal submitted by NYC Comptroller Brad Lander.

    By Lamar Johnson • Nov. 19, 2024
  • An industrial site with an array of containers.
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    Courtesy of Bloom Energy
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    AEP, Bloom Energy 1-GW fuel cell deal to power data centers would set new record

    Market analysts disagree about the significance of the deal, however, which represents the largest commercial procurement of fuel cells to date.

    By Emma Penrod • Nov. 18, 2024
  • Diablo Canyon nuclear power plant
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    "Diablo Canyon Family Open House" by Tracey Adams is licensed under CC BY 2.0
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    Generative AI deployment at Diablo Canyon is a first for US nuclear power sector: PG&E

    The NVIDIA-supported search and data retrieval application is the start of a series of AI-powered solutions vendor Atomic Canyon aims to deploy across the nuclear industry, CEO and co-founder Trey Lauderdale said.

    By Brian Martucci • Nov. 14, 2024
  • The COP29 stadium in Baku, Azerbaijan illuminated with green red and blue lights.
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    Sean Gallup via Getty Images
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    Opinion

    What COP29 entails for the global energy transition, business priorities

    COP29 will be a “critical moment” in the global climate transition, further shaping the ESG landscape and motivating companies to ramp up sustainability initiatives, says Workiva’s chief sustainability officer.

    By Mandi McReynolds • Nov. 14, 2024
  • An illustration of a NuScale Power plant layout from 1000ft view
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    Permission granted by NuScale Power
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    FERC’s Talen Energy-Amazon decision unlikely to impact NuScale data center plans: CEO

    NuScale also expects its application before the NRC to uprate its reactor design from 50 MW to 77 MW to conclude by mid-2025, CEO John Hopkins noted during Thursday’s Q3 earnings call.

    By Brian Martucci • Nov. 11, 2024
  • Rows of solar panels are seen against a green field.
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    Bim via Getty Images
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    Freyr Battery enters solar manufacturing, buys 5-GW plant from Trina Solar

    Freyr will pay $340 million for the Wilmer, Texas, facility. It also plans to begin construction next year on another 5-GW solar manufacturing facility.

    By Nov. 7, 2024
  • Republican presidential nominee, former U.S. President Donald Trump points to supporters with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida.
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    Chip Somodevilla/Getty Images via Getty Images
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    2024 Elections

    Clean energy, sustainable investors brace for second Trump presidency

    Experts expect private sector work on ESG issues and the clean energy transition to continue, albeit at a slower pace, under a reelected Donald Trump.

    By Lamar Johnson • Nov. 7, 2024
  • Solar panels and wind turbines generating renewable energy for green and sustainable future.
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    pidjoe via Getty Images
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    2024 Elections

    Analysts see ‘a real fear in the market’ as renewable energy stocks plummet on election results

    Tariffs and other policy actions favored by Trump could drive renewable energy prices higher over the next four years, industry analysts say.

    By Emma Penrod • Nov. 7, 2024
  • A facade of a building with the Schneider Electric logo
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    Permission granted by Schneider Electric
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    Schneider Electric replaces CEO Peter Herweck amid strategic execution issues

    The board’s decision to tap company veteran Olivier Blum as Herweck’s successor follows “divergences” in executing Schneider’s roadmap at a time of significant opportunity, the company said. 

    By Nish Amarnath • Nov. 6, 2024
  • An aerial view of a nuclear power plant next to a river.
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    Retrieved from Marque1313.
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    FERC’s AWS, Talen Energy ruling ‘not the final word’ on nuclear, data center colocation: Constellation CEO

    The company’s “foot is on the accelerator” to close data center deals as it works to restart Three Mile Island Unit 1 by 2027, CEO Joe Dominguez said on its third-quarter earnings call Monday.

    By Brian Martucci • Nov. 5, 2024