December 24, 2024

Company News

Avangrid
Avangrid Sues NextEra over ‘Scorched-earth Scheme’ to Stop NECEC
In an antitrust lawsuit filed in federal court, Avangrid accused NextEra Energy of conducting an “exclusionary and anticompetitive scheme” to stop a major transmission project connecting New England to Quebec.
Bloom Energy
AEP Adding Fuel Cells as Temporary Data Center Power
American Electric Power will meet data center power demand with what it calls the largest utility initiative of its kind in the nation, buying up to 1 GW of Bloom Energy’s solid oxide fuel cells. 
Duke Energy
Duke Reports on Hurricanes’ Impact, SMR Plans in Q3 Earnings
Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.
Shutterstock
What Will Trump’s Victory Mean for US Energy Policy?
Energy industry leaders and analysts discussed what's ahead for the clean energy transition after former President Donald Trump’s victory.
Dominion Energy
Clean Energy Sectors Brace for Impact of Trump 2.0
Several clean energy industries were clear losers after former President Trump's reelection, and offshore wind and EV company stocks took hits the day after the election.
South Fork Wind
Eversource Exit from OSW Drives Q3 Loss
Eversource Energy’s exit from the offshore wind business drove a $118 million loss in the third quarter of 2024, offsetting increased revenue from its electric and gas distribution business relative to 2023, the company told investors.
Ørsted
Ørsted Values Latest Revolution Wind Setback at $175M
A one-in-a-thousand problem with a key foundation component is the latest setback in U.S. waters for Ørsted and is blamed for its latest nine-digit cost impairment.
Duke Energy
NCUC Approves Latest Duke ‘Carbon Plan’ to Expand Renewable, Nuclear and Gas Generation
The NCUC approved Duke Energy's second Carbon Plan and Integrated Resource Plan, authorizing procurements of renewable energy, nuclear and demand response, while calling for its 8,000 MW of coal to be retired in 2036.
Peretz Partensky, CC BY 2.0, via Wikimedia Commons
Data Center Opportunity is Strong, Expanding, PSEG CEO Says
On top of its 350 MW of current data center load, PSEG has received formal applications for nearly 400 MW of new data center load and inquiries on over 1,200 MW in data center feasibility studies in new business.
Constellation Energy
Constellation Pushes Ahead on Co-located Data Centers
Constellation Energy remains bullish on data centers co-located with nuclear power plants, despite FERC rejecting terms for the expansion of one such agreement in a high-profile ruling.

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