Company News
SouthCoast Wind Energy LLC
Another mature offshore wind project is facing financial write-downs and a potential yearslong delay in the wake of the Trump administration’s moves to shut the sector down.
Holtec International
Holtec has set a 2030 target for commercial operation of two small modular reactors to be built beside the large nuclear plant it is working to restart in Michigan.
PSEG
Public Service Enterprise Group saw an “over-12-fold” increase in mature leads and inquiries from customers exploring “large load and data center projects” over the past year, CEO Ralph LaRossa said in the utility’s fourth-quarter earnings call.
Shutterstock
Consolidated Edison claimed solid progress and reported solid results as it released its 2024 financials Feb. 20.
Constellation Energy
Constellation Energy turned in better than projected financials for 2024 as it continued to meet the demand for emissions-free energy with the nation’s largest nuclear fleet.
Barton Malow
DTE Energy’s five-year capital expenditure plan now calls for $30 billion in investment, up $5 billion.
Eversource Energy
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
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
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 and Modern Hydrogen have launched an initiative aimed at expanding hydrogen technology among large gas customers to meet decarbonization goals.
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