Company News
Two major operators in the natural gas and power sectors say they are moving to meet data center power demand with new natural gas generation capacity.
"Deep, collaborative partnerships combined with creative problem-solving are the only way we can meet the explosion of AI growth, as well as society's accelerating electricity demand," said Sheldon Kimber, CEO of Intersect Power.
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, 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.
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.
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.
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 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.
Energy industry leaders and analysts discussed what's ahead for the clean energy transition after former President Donald Trump’s victory.
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.
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