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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.
To move forward in the second Trump administration, both Democrats and Republicans will need to depoliticize the debate around climate and energy issues as they face the impacts of increasingly frequent and severe extreme weather, while meeting growing power demand from artificial intelligence, data centers and new manufacturing.
FERC and a group of regulators from 10 states began discussing gas-electric coordination at the first meeting of the new Federal-State Current Issues Collaborative.
Load-serving entities that decide against participating in MISO’s capacity auction must secure anywhere from 1.5% to 4.2% beyond their reserve margin requirements in the 2025/26 planning year.
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.
MISO members will likely have to add 343 GW of installed capacity by 2043 to meet policy goals while maintaining resource adequacy, the RTO said in preliminary results from its annual Regional Resource Assessment.
Change is coming to FERC after Tuesday's election, but the policies the agency oversees are rarely top of mind during campaigns, so it is unclear how much will be different.
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.
The Southeast’s traditionally risk-averse vertically integrated utilities are now embracing the clean energy transition, driven by economic development in the form of new industry and data centers.
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.
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