Company News

Constellation Energy
Constellation Reports Strong Financials, Bright Nuclear Future
Constellation reported strong 2023 earnings and projected strong growth in large part due to its nuclear fleet.
Dominion Energy
Dominion Sells 50% of Coastal Virginia Offshore Wind to Stonepeak
Dominion Energy reported earnings of $2 billion in 2023 and announced that it has closed on an equity partner for its Coastal Virginia Offshore Wind project. 
Worldview Films
Avangrid Avoids Major Offshore Wind Losses
Avangrid reported a year-over-year decrease in income but said a timely pause in its offshore wind projects saved it from write-offs that could have run into the billions.
South Fork Wind
Eversource Finds OSW Buyer, Takes $1.95B Hit for 2023
Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.
Fervo Energy
DOE to Fund Enhanced Geothermal Demo on Oregon Volcano
The U.S. Department of Energy has announced $60 million in potential funding for three enhanced geothermal projects that could expand the technology's reach.
NYSERDA
Ørsted Exits Offshore Wind Markets, Remains Committed to US
The world’s leading offshore wind developer announced that it is pulling out of some smaller markets but reiterated its commitment to construction and operation in U.S. waters.
Ørsted
Offshore Wind Reset Complete in New York
The churn in New York’s offshore wind industry reached a crescendo Jan. 25, with ownership changes, contract cancellations and new proposals announced.
The Breakthrough Institute
Diablo Canyon Secures $1.1B DOE Award to Support Operations
The 2,200-MW PG&E plant will be the first recipient of federal funds being made available to shore up operations at U.S. nuclear plants that face imminent closure.
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Offshore Wind: Smaller Companies Help Get Steel in the Water off NY

Two very different New York companies explain their experience with offshore wind development.

Advanced Solar Products
NJ Ready for Clean Energy Advance in 2024 After OSW Meltdown
Clean energy in New Jersey moved forward in 2023 with community solar and Advanced Clean Cars II, and in reverse with the shutdown of the Ocean Wind offshore development.

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