February 22, 2025

Company News

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Shell Quits Atlantic Shores Offshore Wind Project in NJ
Atlantic Shores said its offshore wind project in New Jersey will continue despite Shell's exit, which caused the oil supermajor a $1 billion impairment.
Pacific Steel Group
‘Green’ Steel Mill Gets Financial Boost from CEC Grant
Pacific Steel Group is planning a zero-carbon-emission steel mill near Mojave, Calif., in a first-of-a-kind project that will set an example for industrial decarbonization.
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Chevron, Engine No. 1 to Power Data Centers
Chevron and Engine No. 1 are teaming up on plans for what they expect will be the first multi-gigawatt gas-fired power plant co-located with a data center.
Avangrid
Massachusetts DPU Approves Price Increase for NECEC Line
The Massachusetts Department of Public Utilities approved a settlement agreement for the New England Clean Energy Connect transmission line, authorizing a significant cost increase to account for regulatory delays to the project.
GE Vernova
NextEra, GE Vernova Move Toward Gas Generation Development
NextEra Energy is collaborating with GE Vernova on development of natural gas-fired power generation and is taking further steps toward restarting an idled nuclear plant.
Switch
Biden Wants Data Centers, Clean Energy on Federal Land by 2027
With days left in his administration, President Joe Biden issued an executive order aimed at siting and permitting cutting-edge artificial intelligence data centers on federal land by 2027.
Constellation Energy
Constellation to Acquire Calpine for $29.1B
Constellation Energy Corp. will acquire Calpine Corp. in a deal that will create the largest U.S. fleet of zero- and low-emission power generation.
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Delaware, US Wind Finalize $100M+ in Community Benefits
Delaware has finalized a benefit agreement with US Wind for allowing the developer to use a state park to run export cables from the offshore wind farms it hopes to build.
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Data Centers and Demand Growth Top 2025 Agenda
The data center dilemma centers first on a familiar mismatch of timescales. Utilities and their regulators tend to plan based on the small, incremental demand growth. But development and the power demand it generates move at ever-increasing digital speed.
Constellation Energy Corp.
Feds Boost Constellation Nuclear Plans with $840M PPA
A first-of-its-kind power purchase agreement will send more than 10 million MWh of power to federal buildings and help Constellation Energy increase the output from its nuclear fleet.

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