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December 9, 2024

Company News

Meta
Entergy La. Confirms Meta Data Center Behind 3 Proposed Gas Plants
Entergy Louisiana confirmed a new, $10 billion Meta AI data center is the motive behind its recent filing to build three new gas plants at a combined 2.3 GW.
The Town of Carrboro
NC Town Sues Duke Energy over Alleged Climate Deception
The town of Carrboro, N.C., became the first municipality in the country to sue an electric utility over its alleged deception around climate change, claiming that delayed action to address the issue will cost its government millions of dollars.
Invenergy
LPO Announces $4.9B Conditional Loan for Invenergy’s Grain Belt Express
The Department of Energy’s Loan Programs Office announced three conditional loans totaling more than $11 billion, to be used to build interregional transmission, an electric vehicle factory and virtual power plants.
Avangrid
Avangrid Sues NextEra over ‘Scorched-earth Scheme’ to Stop NECEC
In an antitrust lawsuit filed in federal court, Avangrid accused NextEra Energy of conducting an “exclusionary and anticompetitive scheme” to stop a major transmission project connecting New England to Quebec.
Bloom Energy
AEP Adding Fuel Cells as Temporary Data Center Power
American Electric Power will meet data center power demand with what it calls the largest utility initiative of its kind in the nation, buying up to 1 GW of Bloom Energy’s solid oxide fuel cells. 
Duke Energy
Duke Reports on Hurricanes’ Impact, SMR Plans in Q3 Earnings
Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.
Shutterstock
What Will Trump’s Victory Mean for US Energy Policy?
Energy industry leaders and analysts discussed what's ahead for the clean energy transition after former President Donald Trump’s victory.
Dominion Energy
Clean Energy Sectors Brace for Impact of Trump 2.0
Several clean energy industries were clear losers after former President Trump's reelection, and offshore wind and EV company stocks took hits the day after the election.
South Fork Wind
Eversource Exit from OSW Drives Q3 Loss
Eversource Energy’s exit from the offshore wind business drove a $118 million loss in the third quarter of 2024, offsetting increased revenue from its electric and gas distribution business relative to 2023, the company told investors.
Ørsted
Ørsted Values Latest Revolution Wind Setback at $175M
A one-in-a-thousand problem with a key foundation component is the latest setback in U.S. waters for Ørsted and is blamed for its latest nine-digit cost impairment.

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