Company News
Ørsted
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
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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
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.
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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Ørsted CEO Mads Nipper has been replaced by Deputy CEO Rasmus Errboe.
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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
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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Chevron and Engine No. 1 are teaming up on plans for what they expect will be the first multi-gigawatt gas-fired power plant co-located with a data center.
Avangrid
The Massachusetts Department of Public Utilities approved a settlement agreement for the New England Clean Energy Connect transmission line, authorizing a significant cost increase to account for regulatory delays to the project.
GE Vernova
NextEra Energy is collaborating with GE Vernova on development of natural gas-fired power generation and is taking further steps toward restarting an idled nuclear plant.
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