November 2, 2024

Company News

EPRI
EPRI: Clean Energy, Efficiency Can Meet AI, Data Center Power Demand
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 $35B Investment in NY, Mass.
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
Massachusetts DPU Approves Everett LNG Contracts
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 to Take Full Ownership of Avangrid
Iberdrola is moving to acquire the 18.4% stake in Avangrid that it does not already own in a $2.55 billion deal.
Shutterstock
Biden Doubles Down on Support for US Solar Manufacturing
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 to Maximize Nuclear Fleet’s Output
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 Announces Restructuring of Wind Business
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
Will Final Rules on EV Tax Credits Help or Hurt US Market Growth?
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 Announces $500M Cut in Connecticut Investments
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.
Exelon
Exelon Focuses on ComEd, Other Rate Cases in Q1 Earnings Call
Exelon prioritized improving "our regulatory outlook in Illinois," CEO Calvin Butler said, after the state's Commerce Commission rejected ComEd's integrated grid plan for failing to meet core provisions of the Climate and Equitable Jobs Act.

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