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December 12, 2024

Company News

Schneider Electric
Report: Industrial Electrification Should Focus on ‘Easy to Abate’ Sectors
A new report from Schneider Electric says the U.S. could ramp up the electrification of heavy industry by 50% by focusing on easy-to-abate, individual processes.
Senate ENR Committee
Conference Explores AI Solutions to Data Center Power Demand
Artificial intelligence may be driving new energy demand from hyperscale data centers, but it could also help find new solutions to meet that demand.
TerraPower
Bill Gates’ TerraPower Breaks Ground on Advanced Nuclear Plant
TerraPower broke ground on its Natrium reactor demonstration project in Wyoming, making it the first advanced reactor to enter construction.
Shutterstock
Can US Automakers Hit 65.1 mpg by 2031?
The new standard sets regular 2% increases in fuel efficiency for passenger cars ― sedans and SUVs ― per year between the 2027 and 2031 model years, rising from 60 mpg to 65.1 mpg.
Ørtsted/Edison Chouest Offshore
Empire, Sunrise Wind Back Under Contract in NY
Two offshore wind projects have rebounded from the financial turmoil of 2023, finalizing replacement contracts with New York for 1,734 MW of capacity.
EPRI
EPRI: Clean Energy, Efficiency Can Meet AI, Data Center Power Demand
The burgeoning power demand from data centers and artificial intelligence can be met by other means than new natural gas-fired power plants, according to a new report from the Electric Power Research Institute.
National Grid
National Grid Plans $35B Investment in NY, Mass.
National Grid plans to invest $75 billion in its infrastructure over the next five years, nearly half of it in New York and Massachusetts. 
InvictaHOG, Public Domain, via Wikimedia Commons
Massachusetts DPU Approves Everett LNG Contracts
The Massachusetts Department of Public Utilities approved agreements between Constellation Energy and the state’s investor-owned gas utilities to keep the Everett LNG import facility operating through May 2030.
Iberdrola
Iberdrola to Take Full Ownership of Avangrid
Iberdrola is moving to acquire the 18.4% stake in Avangrid that it does not already own in a $2.55 billion deal.
Shutterstock
Biden Doubles Down on Support for US Solar Manufacturing
The administration’s focus on growing a healthy, competitive solar supply chain combines Biden’s drive to stimulate private investment in clean tech manufacturing and jobs and bipartisan concerns about Chinese trade practices.

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