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February 14, 2025

Company News

Barton Malow
DTE Energy Ups 5-Year Plan to $30B
DTE Energy’s five-year capital expenditure plan now calls for $30 billion in investment, up $5 billion.
Eversource Energy
Eversource to Boost Grid Investments by $1.9B After Exiting Wind, Water
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.
Intersect Power
Report Assesses Climate Activism of Pension Funds, Finds Most Lacking
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.
Ørsted
Equinor, Ørsted, Vestas Say US OSW Market in Trouble
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
Shutterstock
Puget Sound Energy Partners with Tech Co. to Promote Hydrogen
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
PJM Network Upgrades Boost Cost of Dominion OSW Project 9%
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.
Shutterstock
NJ Abandons 4th OSW Solicitation
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
Ørsted Replaces CEO Mads Nipper
Ørsted CEO Mads Nipper has been replaced by Deputy CEO Rasmus Errboe.
Shutterstock
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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