Company News
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.
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.
The NCUC approved Duke Energy's second Carbon Plan and Integrated Resource Plan, authorizing procurements of renewable energy, nuclear and demand response, while calling for its 8,000 MW of coal to be retired in 2036.
On top of its 350 MW of current data center load, PSEG has received formal applications for nearly 400 MW of new data center load and inquiries on over 1,200 MW in data center feasibility studies in new business.
Constellation Energy remains bullish on data centers co-located with nuclear power plants, despite FERC rejecting terms for the expansion of one such agreement in a high-profile ruling.
Dominion Energy reported net income of $953 million in the third quarter this year, as it continued to see load growth from data centers, progress on its offshore wind project, and infrastructure damage from Hurricane Helene.
Entergy said it can tackle industrial load growth with new solar, carbon capture technology at new and existing gas plants and by possibly bringing new nuclear capacity into the mix.
Exelon CEO Calvin Butler told investors the utility's data center forecast has increased about 80% during an earnings call.
Xcel Energy is welcoming the coming wave of data centers despite the increased demand they will place on the grid, saying it will accelerate transmission and generation build.
The Western Area Power Administration said its Sierra Nevada region will pursue “final negotiations” to join CAISO’s Extended Day-Ahead Market, notching another — if expected — victory for the ISO in its competition with SPP’s Markets+.
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