Clean tech investments overtake oil and gas financing in 2023 and are set to triple by 2035 Energize Weekly, November 6, 2024 Investments in low-carbon technologies are accelerating – accounting for more than 50 percent of all energy financing in 2023 for the first time – and are set to…
SPP stakeholders support $7.7B of new transmission projects 10.23.2024 Last week, SPP stakeholders voted in favor of the plans proposed by its Integrated Transmission Planning (ITP) process, asserting that studies show the transmission investments will pay for themselves in a matter of years and return benefits at a rate of…
CenterPoint Saw Data Center Demand ‘Dramatically Change’ Over Summer Oct. 28, 2024 The leaders of CenterPoint Energy Inc. this summer saw “a fundamental shift” in data center activity in their Greater Houston footprint, CEO Jason Wells told analysts Oct. 28. After beginning the season with about 1 gigawatt of demand…
Georgia Power awarded $160 million from Department of Energy to enhance Georgia’s power grid Oct 21, 2024 Georgia Power, the state’s largest electric utility serving 2.7 million customers, has been awarded more than $160 million in funding by the Department of Energy (DOE) through its Grid Deployment Office. As Georgia…
World entering the “age of electricity” as demand outpaces all other forms of energy Energize Weekly, October 23, 2024 The world is set to enter the “age of electricity” as demand has grown more quickly than any other energy source and is set to accelerate even more, according to the…
DOE’s No 2: Congress needs to move on permitting reform 10/15/2024 Biden administration officials often tout their historic clean energy investments and how they’re creating real, long-lasting momentum in the fight against climate change. But one of those officials, Deputy Energy Secretary David Turk, also has a warning about that…
Hydro One and Partners Receive Approval on Final Environmental Assessment Report for Waasigan Transmission Line Project Oct. 14, 2024 Hydro One and nine First Nation partners have received approval on the final Environmental Assessment Report for the Waasigan Transmission Line project from the Ministry of the Environment, Conservation and Parks.…
Dominion Energy, AEP, FirstEnergy propose new transmission lines in PJM region October 8, 2024 Dominion Energy Virginia, American Electric Power and FirstEnergy have announced a joint planning agreement to propose several new regional transmission projects within the PJM footprint, which spans multiple states in the US. This initiative aligns with…
Load Growth To Drive Earnings At American Electric Power Oct. 07, 2024 American Electric Power Company (NASDAQ:AEP) is well positioned to outperform the market with a superior blend of growth and value. Incremental power demand in AEP’s markets creates a potentially decades long runway of above normal rate base growth,…
New York awards $24M for 26 clean energy innovation projects October 07, 2024 The New York State Energy and Research Development Authority (NYSERDA) awarded $24 million for 26 innovation projects in multiple clean energy sectors on Oct. 3. The projects were selected through NYSERDA’s Innovation program, which is dedicated to…
CenterPoint unveils Phase 2 of grid resilience plan, with 25K stronger power poles Sep. 30, 2024 CenterPoint Energy (NYSE:CNP) +1% in Monday’s trading after unveiling plans to overhaul its power grid infrastructure in the next eight months before the start of the 2025 hurricane season, including adding 25K stronger power…
Minnesota Power Announces Two Large Solar Projects Totaling Over 200 MW in Northern Minnesota 24th September 2024 Minnesota Power, a division of ALLETE Inc. has announced plans to build two major solar projects in northern Minnesota, advancing its commitment to a cleaner energy future while prioritizing regional renewable energy investments.…
Power Grid Under Pressure: Is U.S. Transmission Infrastructure Ready for the Surge in Energy Demand? Sept. 23, 2024 The demand for power is growing, but is the bulk transmission’s infrastructure ready for it? This past summer saw peak demands setting records followed by next-day power prices setting their own records,…
Governor Gianforte Celebrates Nearly $1 Billion Energy Investment in Montana September 20 2024 Governor Greg Gianforte yesterday cut the ribbon on NextEra Energy Resources’ Clearwater Wind Energy Center in Miles City and celebrated the company’s nearly $1 billion investment in Montana. “We’re ramping up energy production in Montana with our…
Electric rates rise with weather risks, the energy transition, and growing load growth Energize Weekly, September 25, 2024 After a decade of relatively flat rates, electricity prices surged in 2022 and have continued to rise to pay for the country’s energy transition, upgrading an aging grid, and meeting an increasing…
Four Kansas GOP members working to blunt federal power on transmission line corridor September 13, 2024 Four Republicans in the Kansas congressional delegation Friday offered support for legislation limiting federal authority to take control of private property for development of a national electric transmission corridor. The bill backed by U.S.…
Google, Amazon, Meta and Microsoft balk at Ohio utility’s demand they pay for electric grid upgrades to support AI rollout Sep. 16, 2024 Google, Amazon, Microsoft and Meta have banded together to fight an Ohio utility that wants them to pay for upgrades to the electric grid that will be…
Renewables, cleantech sector will grow regardless of who wins the U.S. presidential election Energize Weekly, September 18, 2024 The results of the U.S. presidential election – even if there is a victory by Donald Trump – will likely not derail growth in the renewable energy and cleantech sectors, according to…
Greenlink West transmission project in Nevada gets green light from feds September 10th 2024 Greenlink West, the transmission project that will run through Nevada, has received the green light from federal officials. Acting Deputy Secretary of the Interior Laura Daniel-Davis announced Monday that Greenlink West received a record of decision…
Trend toward electric utility rate increases in regulated markets continues in 2024 September 9, 2024 Utility regulators in the United States are considering increases to electricity rates again this year as electric utilities seek to cover the investments needed to maintain and expand their systems. Utilities requested rate increases in…
Data Centers Face Seven-Year Wait for Dominion Power Hookups August 29, 2024 Dominion Energy Inc. expects the time it takes to connect large data centers to the electric grid to increase by one to three years amid a surge in requests, bringing the total wait time to as long as…
TVA power grid working overtime amid record-breaking heat Aug 30, 2024 It’s no surprise that intense heat in Middle Tennessee has lead a lot of people to crank up the air conditioning. Officials with the Tennessee Valley Authority (TVA) told News 2 that this means the power grid is working…
Smart Grid Technology Prevents Nearly 5,000 Power Interruptions for Customers So Far in 2024 Aug. 27, 2024 DTE Energy’s smart grid technology has enabled prevention of nearly 5,000 power interruptions and more than 1.8 million minutes without power for customers so far in 2024 “We’re dedicated to reducing power outages…
Why Mississippi coal is powering Georgia’s data centers Aug 27, 2024 Last October, Georgia Power approached regulators with what it said was a crisis. Unless they did something soon, they discovered, the growing demand for electricity would outpace production sometime in the winter of 2025. Georgia’s Governor Brian Kemp and…
Idaho Gov. Little unveils new wildfire plan that includes less liability for companies August 23, 2024 A new plan Idaho Gov. Brad Little unveiled Friday to mitigate wildfire risk had more than just policies aimed to protect areas from widespread blazes. A list of top priorities had a broad scope…
ERCOT successfully navigates heat wave, new peak demand record Aug 26, 2024 Despite record temperatures last week and a new peak demand record, the Electric Reliability Council of Texas said it was able to maintain service without conservation requests, which it required last summer. Large additions of renewables and battery…
FERC rejects Basin Electric’s bid for special cryptocurrency mine and large load rates Energize Weekly, August 28, 2024 The Basin Electric Power Cooperative’s plan for special rates for cryptocurrency mines and other large loads was rejected by the Federal Energy Regulatory Commission (FERC), which said the co-op had not proved…
Entergy Louisiana breaks ground on phase one of grid resilience plan August 20, 2024 Entergy Louisiana LLC recently marked the start of phase one of its comprehensive grid resilience plan during a groundbreaking ceremony in Lake Charles, reports Daily Energy Insider. “We harden the grid throughout each year; however, the…
Cybersecurity threats escalate in the energy sector Aug 19, 2024 Six individuals working for Russian intelligence were charged in Pennsylvania in October 2020 for their role in ‘Sandworm’. In addition to hacking into chemical laboratories in the UK and the Netherlands, and targeting victims at the 2018 Winter Olympics in…
Market problems, poor planning causing price hikes in nation’s largest electric market, critics say August 20, 2024 After years of climbing electric prices nationwide, customers in the United States’ largest power market are about to get squeezed harder. Last month, PJM, which coordinates the flow of electricity for an area…
Court reverses ICC order on Grain Belt Express project Aug 8, 2024 An Appellate Court has reversed the Illinois Commerce Commission’s granting of a Certificate of Public Convenience and Necessity (CPCN) to a proposed high-voltage direct current transmission line across the state. Grain Belt Express (GBX) failed to prove the…
Texas launches new investigation into Houston’s power utility following deadly outages after Beryl August 12, 2024 Texas’ attorney general launched an investigation Monday into Houston’s electric utility over allegations of fraud and waste following Hurricane Beryl, adding to the mounting scrutiny after widespread power outages left millions without electricity for…
US utilities poised to ride data center demand wave in second half August 13, 2024 U.S. electric utilities sounded bullish on demand from data centers powering the artificial intelligence boom after striking several supply deals during the second quarter, reinforcing market expectations of sales growth through the year. Top utilities,…
US to invest $2.2 billion to overhaul national power grid August 5, 2024 The Biden administration said on Tuesday it is investing $2.2 billion to revamp the nation’s power grid to protect it against growing threats of extreme weather events. The U.S. government has been working to overhaul the country’s…
SRP Sets New Record for Amount of Energy Delivered to Customers August 6, 2024 Arizona public power utility Salt River Project recently set a new record for the amount of energy delivered to its retail customers. On Sunday, Aug. 4, between 5 and 6 p.m., SRP delivered its highest system…
More mega-battery sites heading to Coachella Valley as California boosts power grid July 29, 2024 A battery storage facility under construction near Palm Springs International Airport is just one part of a concerted effort by California to increase energy flexibility throughout the state. The state has recently instituted regulatory reforms…
CenterPoint Energy sees up to $1.3 bln in restoration costs after Hurricane Beryl July 30, 2024 Electric and gas utility CenterPoint Energy (CNP.N), opens new tab said on Tuesday it expects total costs to restore facilities damaged by Hurricane Beryl to be in the range of $1.2 billion to $1.3…
NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy Jul 24 2024 NextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption. The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020…
Maine regulators will map out the next decade’s demands on the power grid July 29, 2024 An initial 10-year plan by the state for guiding Maine’s electric utilities includes goals of improving the reliability and resilience of the power grid system in the face of climate change — while also…
Hawaiian Electric nears completion of $1.7M weather station project to help prevent wildfires July 26, 2024 Hawaiian Electric Co. expects to fully complete its $1.7 million weather station project by the end of the month to help the company better predict and respond to weather conditions that could spark wildfires.…
U.S. electricity demand to rise spurred by the growth of data centers and electric vehicles Energize Weekly, July 31, 2024 After remaining relatively flat for the last 20 years, U.S. electricity demand is projected to grow 13 percent by 2030, boosted by demands from data centers, electric vehicles (EVs) and…
FirstEnergy gains $1.2B in proceeds as sale of transmission subsidiary gets finalized July 19, 2024 FirstEnergy Corp. on July 17 received the remaining $1.2 billion in proceeds from the sale of its FirstEnergy Transmission LLC (FET) subsidiary, and said it will use the funds to further improve its balance sheet…
Manchin, Barrasso announce permitting reform deal, breaking lengthy impasse 07/22/24 Sens. Joe Manchin (I-W.Va.) and John Barrasso (R-Wyo.) have reached an agreement on a bill to speed up the nation’s energy and infrastructure projects after about two years of trying to reach a deal. The bill takes on a suite…
CIB Invests $283.5 Million in New Alberta Transmission Line July 11, 2024 The Canada Infrastructure Bank (CIB) is providing Alberta electricity transmission companies, AltaLink and ATCO Electric, with a loan of $208.16 million to construct a transmission line, the Central East Transfer-Out project, in the counties of Red Deer, Lacombe…
Seattle City Light to increase rates due to higher demand, rising energy costs July 15, 2024 The Seattle City Light Department recently announced a plan to increase rates for customers amid a growing energy demand and heightened labor costs. Customers could see a 5.4% rate increase in 2025 and 2026,…
Federally proposed bill promotes Energy Dept.’s use of AI in energy, national security, science 7/15/2024 A newly introduced bill on Capitol Hill aims to advance America’s leadership in artificial intelligence (AI) by establishing a program at the U.S. Department of Energy (DOE) that would promote the department’s use of the…
Hurricane Beryl Ravages Texas Coast, Leaving Widespread Damage and Power Outages July 8, 2024 Tropical Storm Beryl has unleashed heavy rains and powerful winds along the Texas coast, leading to widespread power outages affecting nearly 3 million homes and businesses. Streets are inundated with rapidly rising waters, prompting urgent rescue…
Arizona voters will vote on going green fast or keeping fossil-fuel choices in the mix July 8, 2024 Three seats on the Arizona Corporation Commission are up for grabs in the coming primary and general elections, and the results of these votes will help set the state’s water and power…
New rates approved for Duke Energy Carolinas customers in South Carolina Jul 08, 2024 The Public Service Commission of South Carolina (PSCSC) has approved new customer rates based on a settlement agreement with almost all parties in the Duke Energy Carolinas rate review request filed with the commission in January…
Entergy Texas announces resiliency plan to strengthen the Southeast Texas power grid 07/01/2024 Extreme weather has become more frequent and severe in Texas. According to the National Centers for Environmental Information, there have been 179 extreme weather events in Texas from 1980 to June 2024, including hurricanes and winter storms.…
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