Company News
DTE Energy’s five-year capital expenditure plan now calls for $30 billion in investment, up $5 billion.
Eversource Energy executives announced during the company’s year-end earnings call its plan to increase investments in its “core electric and natural gas operations” by $1.9 billion in 2025-2028.
An environmental report found that most pension funds, key investors in infrastructure in the power industry, lacked any real policies to protect their investments from the effects of climate change.
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
Puget Sound Energy and Modern Hydrogen have launched an initiative aimed at expanding hydrogen technology among large gas customers to meet decarbonization goals.
Dominion Energy reported that its Coastal Virginia Offshore Wind project will cost 9% more than initially expected, thanks to higher-than-expected PJM network upgrade costs.
Gov. Phil Murphy called offshore wind a “once-in-a-generation opportunity” to build a new industry and create jobs, but said he supported the BPU’s decision.
Ørsted CEO Mads Nipper has been replaced by Deputy CEO Rasmus Errboe.
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 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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