Company News
Ørtsted/Edison Chouest Offshore
Two offshore wind projects have rebounded from the financial turmoil of 2023, finalizing replacement contracts with New York for 1,734 MW of capacity.
EPRI
The burgeoning power demand from data centers and artificial intelligence can be met by other means than new natural gas-fired power plants, according to a new report from the Electric Power Research Institute.
National Grid
National Grid plans to invest $75 billion in its infrastructure over the next five years, nearly half of it in New York and Massachusetts.
InvictaHOG, Public Domain, via Wikimedia Commons
The Massachusetts Department of Public Utilities approved agreements between Constellation Energy and the state’s investor-owned gas utilities to keep the Everett LNG import facility operating through May 2030.
Iberdrola
Iberdrola is moving to acquire the 18.4% stake in Avangrid that it does not already own in a $2.55 billion deal.
Shutterstock
The administration’s focus on growing a healthy, competitive solar supply chain combines Biden’s drive to stimulate private investment in clean tech manufacturing and jobs and bipartisan concerns about Chinese trade practices.
Shutterstock
Constellation Energy is looking at squeezing more megawatts out of existing reactors, extending their operational lives and building new generation beside existing facilities.
Siemens Energy
Siemens Energy has begun a multiyear restructuring of its wind power business, which has temporarily halted sales of certain onshore turbine models due to quality control problems.
Shutterstock
According to Kelley Blue Book, the slow-down in EV sales could be a sign that "EVs are almost mainstream cars in parts of the country. Segment growth typically slows as volume increases."
Eversource
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.
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