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November 2, 2024

Company News

Renew Home
Renew Home Foresees Bright Future for Residential VPPs
Home energy management company Renew Home has released a position paper arguing that VPPs can quickly be stood up to help meet growing demand.
Vineyard Wind
Vineyard Wind, GE Vernova Release Action Plan Following Blade Failure
Vineyard Wind and GE Vernova have released an overview of their action plan for debris cleanup and the eventual resumption of construction on the Vineyard Wind 1 project in the wake of the blade failure and collapse on July 13.
Exelon
Exelon Prepping for Major Load Growth in Utility Service Territories
Exelon is focused on meeting rising demand from data centers and manufacturing, company officials said during its second-quarter earnings call.
Constellation Energy
Constellation Raises Earnings Guidance amid Rising Demand
Constellation Energy turned in another solid quarterly report Aug. 6, boosting its earnings guidance for the year and offering a rosy picture for the future of its nuclear power fleet. 
Shutterstock
PSEG Planning for EV, Data Center Growth
New Jersey last year put an additional 62,426 new EVs on the road, a 68% increase over 2022, which has prompted some advocates to suggest the state is in reach of its goal of having 330,000 EVs in the state by 2025.
Maryland Office of People's Counsel
Maryland PSC Opens Debate on Future of Gas
The OPC petition also warns of the possibility of a gas utility "death spiral" as customers electrify their homes and drop off the system, leaving a diminishing base of customers to cover system costs through higher rates.
Advanced Energy United
NV Energy Should Do More to Tap VPP Potential, Report Says
NV Energy's virtual power plant market potential could grow from an estimated 134 MW this year to 1,230 MW in 2035, according to a new analysis.
NextEra Energy
NextEra Reports Continued Growth in Renewables
Data center agreements with Google totaling 860 MW brought the NextEra Energy Resources backlog to 22.6 GW, even as it placed more than 1.6 GW into service in the second quarter. 
LM Wind Power
GE Vernova Finds Defect in Vineyard Wind Blade
The defect is believed to be isolated but the other hundred-plus blades made at the same factory will be inspected to be sure.
Inside EVs
Fuel-cell Vehicle Sales Plummet in 1st Half of 2024
Sales of electric vehicles in the U.S. are showing some signs of recovery, while the market for hydrogen fuel cell vehicles has practically collapsed.

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