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August 30, 2024

Company News

National Grid
National Grid Lining up 70-plus Transmission Projects
National Grid’s Upstate Upgrade is a portfolio of more than 70 projects announced in March that will continue through 2030 at a cost of more than $4 billion.
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Form Energy to Develop First Multiday Storage Project in New England
A major multiday energy storage project in central Maine intended to ease congestion is moving forward thanks to $147 million in federal funding.
Revolution Wind
Revolution, Sunrise OSW Projects Face New Delays
Ørsted has run into new delays that will push back completion at least one of the two offshore wind farms it is building in U.S. waters. 
Tikilucas, CC BY-SA 4.0, via Wikimedia Commons
Fate of Appalachian Power’s Coal Plants Debated in RPS Proceeding
The fate of two coal plants owned by AEP’s Appalachian Power is generating debate in a proceeding to approve the utility’s renewable portfolio standard plan at the Virginia State Corporation Commission.
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. 
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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.

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