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Bloomberg NRG Energy Inc. is working on deals to power US data centers “all over the country” and will reveal details with second-quarter results, according to the top executive of the independent generator. These are huge, complicated deals and it’s sensitive to figure out when to announce them, Chief Executive Officer Larry Coben said on Bloomberg TV. Data …
NRG Expects to Line Up New US Data Center Deals This Quarter Read More »
By Jonathan Randles Sunnova Energy International Inc. won court approval to start drawing on a new $90 million bankruptcy loan, funding that will help keep the rooftop solar company afloat while it sells its business in Chapter 11. During a Thursday court hearing, Judge Alfredo Perez authorized Sunnova to make an initial $15 million draw …
Sunnova Secures $90 Million Lifeline to Support Bankruptcy Sale Read More »
(Reuters) – Renewable energy sources like wind and solar power are needed to meet rapidly growing energy demand in the United States amid near-term obstacles to increasing natural gas capacity, NextEra <NEE.N> CEO John Ketchum said on Tuesday. Competition and high costs to obtain gas turbines, a construction labor shortage, and the costs associated with …
NextEra CEO Says Renewables Needed as Bridge to Expanding Gas Power Read More »
The system—with an endowment second only to Harvard’s—is diversifying into wind and solar energy at a fraught time for renewables. By Janet Lorin A crypto data center in Pyote, Texas, on land leased from the University of Texas System. Photographer: Jordan Vonderhaar for Bloomberg Markets Scores of wind turbines, each as tall as a 50-story …
Oil-Rich University of Texas Wants to Cash In on AI, Crypto and Power Read More »
By Josh Saul The developer of a New Jersey offshore wind farm designed to power more than 700,000 homes has pulled the plug on the project, the latest setback for a sector whose prospects have worsened under the Trump administration. “This filing marks the closing of a chapter,” Atlantic Shores Offshore Wind Chief Executive Officer …
NJ Wind Project That Trump Dubbed a Disaster Is Canceled Read More »
WASHINGTON, June 10 (Reuters) – The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean-energy tax credits, including easing start-date requirements, Republican Senator John Curtis of Utah said on Tuesday. Curtis, one of a handful of Senate Republicans who have said they want to preserve some of the clean-energy …
US Senate Should Ease Provisions For Clean-Energy Tax Credits, Republican Senator Says Read More »
The current version of President Donald Trump’s tax and spending bill would reduce the amount of renewable energy capacity added in the US over the next decade, resulting in 10% less wind, solar, and storage capacity by 2035. Summary by Bloomberg AI The bill would particularly impact wind power, with new capacity shrinking by 35% …
Trump’s Tax Bill Would Dampen, But Not Quash, the Clean Energy Buildout Read More »
(Reuters) – A surge in clean energy spending is expected to drive a record $3.3 trillion (2.89 trillion euros) in global energy investment in 2025, despite economic uncertainty and geopolitical tensions, the International Energy Agency (IEA) said on Thursday. Clean energy technologies, including renewables, nuclear, and energy storage, are set to attract $2.2 trillion in …
Global Energy Investment Set to Hit Record $3.3 Trillion in 2025, IEA Says Read More »
The state again looks to cut incentives for home users in a push to curb soaring electricity rates. By Mark Chediak A solar system atop a San Francisco housing development. Panel buyers would lose some incentives under a new proposal. Photographer: David Paul Morris/Bloomberg California prides itself as a champion of solar power. It helped …
California’s Rooftop Solar Dreams Are Dimming From Rising Bills Read More »
By Nate Raymond (Reuters) – Fishing companies and offshore wind opponents filed a lawsuit on Tuesday challenging the Trump administration’s decision to reverse course and allow construction to resume on Empire Wind, a $5 billion wind farm project off New York’s coast. Protect Our Coast New Jersey, Clean Ocean Action, ACK for Whales and 12 …
Wind Opponents Sue Trump Administration to Block New York Wind Project Read More »
