Corporate News: Page 8
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Spencer Platt via Getty Images
BlackRock updates climate stewardship policies, targeting $150B in funds
The policies will initially apply to 83 European investment funds with $150 billion in assets under management and prioritize sectors and companies “critical” to the clean energy transition.
By Lamar Johnson • July 16, 2024 -
(Photo by Tim Boyle/Getty Images) via Getty Images
Italy-based Westrafo to build its first US transformer plant
The Ohio medium transformer manufacturing facility will have an output of 12 GW per year starting in 2027.
By Joelle Anselmo • July 15, 2024 -
David McNew via Getty Images
Amazon hits renewable energy goal early, reduces carbon emissions
The e-commerce giant said it met a goal to match all of its electricity consumption with renewable energy seven years early and decreased overall emissions by 3% in 2023.
By Zoya Mirza • July 15, 2024 -
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Cushman & Wakefield, Catalyze partner to increase renewable energy installations
Expanding the use of solar and energy storage technology at U.S. commercial and industrial facilities can reduce emissions and save money, the companies say.
By Nish Amarnath • July 15, 2024 -
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Dominion Energy requests input on feasibility of building SMR at North Anna nuclear site
Dominion has issued a request for proposals that advances its goal to deploy an SMR in Virginia by the mid-2030s and potentially several additional units in the following decade, a utility spokesperson said.
By Brian Martucci • July 12, 2024 -
Permission granted by Waga Energy
Waga Energy secures new loan to expand RNG facilities, including at US landfills
France-based Waga is looking to build on its momentum in North America after bringing its first U.S. facility online earlier this year. The landfill-gas-to-RNG company has partnered with Casella, OCI Global and others.
By Jacob Wallace • July 11, 2024 -
Yujin Kim/Utility Dive
Q&AHydrostor’s longer-duration storage tech is ‘bankable’ today but ‘not every market is ready’: CEO
“In the next two to five years, I have a tough time envisioning a major market that won’t be in dire straits without long-duration storage,” Curtis VanWalleghem said.
By Brian Martucci • July 9, 2024 -
monkeybusinessimages via Getty Images
OpinionThe No. 1 untapped tool for utilities to engage next-gen energy customers? Influencers.
To overcome existing frictions, energy companies must reach customers where they already are and seamlessly insert education and brand stories.
By Kate Finley • July 9, 2024 -
The image by Jakec is licensed under CC BY-SA 4.0
Talen urges FERC to reject AEP-Exelon protest over interconnection pact for Amazon data center
American Electric Power and Exelon are trying to “hijack” an interconnection service agreement amendment proceeding and make it an ad hoc referendum on the future of data center load, Talen’s Susquehanna Nuclear said.
By Ethan Howland • July 8, 2024 -
Courtesy of LG Energy Solution
LG pauses construction on part of $5.5B Arizona battery plant
The firm said it's adjusting the pace of its investments but remains confident the facility will play an important role in its operations.
By Sebastian Obando • July 2, 2024 -
Justin Sullivan via Getty Images
Google invests in BlackRock-owned solar company to aid net-zero goals
The tech giant will invest in the buildout of Taiwan’s clean energy capacity for the rights to procure up to 300 MW of solar power from New Green Power’s development pipeline.
By Lamar Johnson • July 2, 2024 -
Courtesy of Topsoe.
Topsoe, ABB, Fluor to build joint electrolyzer facility in Virginia
The collaboration aims to develop a facility with reduced costs and improved safety for making e-fuels.
By Sara Samora • June 27, 2024 -
Dean Mouhtaropoulos via Getty Images
ExxonMobil taps Air Liquide for low-carbon hydrogen project
The industrial gases company will invest up to $850 million to build and operate four air separation units to boost the oil giant’s Texas hydrogen project.
By Zoya Mirza • June 27, 2024 -
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Hershey ramps up renewable energy sourcing to slash emissions
The chocolate manufacturer increased its procurement of electricity from green sources to 80% in 2023, up from 77% in 2022 — a rise it attributed to PPAs and clean energy credits.
By Zoya Mirza • June 14, 2024 -
Courtesy of Basin Electric Power Cooperative
Basin Electric faces $471M in customer rebates for putting nonutility expenses in rates
A FERC administrative law judge also found Basin Electric was imprudent when it failed to consider replacing coal-fired power plants with potentially less expensive generation.
By Ethan Howland • June 13, 2024 -
Justin Sullivan via Getty Images
California goes after Big Oil’s ‘illegal’ profits over alleged greenwashing
ExxonMobil, Shell, Chevron, ConocoPhillips, BP and the American Petroleum Institute may be required to surrender profits gained from false advertising, according to an amended complaint filed Monday.
By Zoya Mirza • June 12, 2024 -
Permission granted by TerraPower
TerraPower begins construction at 345-MW advanced reactor site in Wyoming
The company expects to begin building non-nuclear electricity generation infrastructure in 2025, TerraPower chairman Bill Gates said Monday.
By Brian Martucci • June 12, 2024 -
onurdongel via Getty Images
Maryland PSC rejects Exelon utility’s $213.6M multiyear rate plan
Instead, Pepco will be able to increase its rates by $44.6 million for a year while the state agency assesses the benefits of multi-year rate plans.
By Ethan Howland • June 12, 2024 -
DTE Energy to deploy 220 MW of battery storage at former coal plant
The announcement follows an RFP for 120 MW of energy storage and tracks DTE’s longer-term push to more than double energy storage capacity by 2042.
By Brian Martucci • June 11, 2024 -
Yujin Kim/Utility Dive
Q&A
‘Any utility today can have a VPP program’: Sunrun virtual power plant head
Chris Rauscher discusses best practices for VPP design, the grid value of demand response and why targeting early adopters could lead distributed energy providers astray.
By Brian Martucci • June 5, 2024 -
Mario Tama via Getty Images
Energy Capital Partners secures $6.7B to invest in clean energy industry
The New Jersey-based private equity firm said its fifth flagship fund would invest in companies focused on power generation, decarbonization and renewable and storage assets.
By Zoya Mirza • June 5, 2024 -
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GE Vernova spinoff ThinkLabs AI developing artificial intelligence tool to boost grid reliability
The company is developing Copilot, an AI-powered digital assistant, to help utilities manage the renewable energy, storage and other resources coming on to the grid and better match electricity supply with demand.
By Patrick Cooley • June 4, 2024 -
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Duke to offer expanded suite of clean energy options to Amazon, Google, other large customers
The proposed framework — developed in collaboration with Amazon, Google, Microsoft and Nucor — includes “innovative financing” to support emerging technologies like advanced nuclear and long-duration storage in the Carolinas.
By Ethan Howland • May 30, 2024 -
onurdongel via Getty Images
Colorado law requires Xcel VPP program by February with performance-based tariff
The law also requires the company to proactively invest in distribution upgrades to reduce interconnection delays for distributed energy resources.
By Brian Martucci • May 29, 2024 -
Sean Gallup via Getty Images
Scope 3 emissions reporting is a ‘when,’ not an ‘if,’ for companies: Bayer, Zycus execs
Technology adoption can help companies organize their scope 3 reporting data, particularly by having the relevant data in a central repository and built-in goal trackers, said Jason Noel with ESG data platform Lythouse.
By Suman Bhattacharyya • May 29, 2024
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