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PSEG Sells Generation Fleet As Fossil Fuel Divestment Movement Grows

New Jersey based Public Service Enterprise Group (PSEG) has announced the sale of its 13 fossil-fuel generating plants for approximately $1.92 billion to private equity firm ArcLight Capital Partners, LLC. It is undetermined if the plants will close under the new ownership. The sale, expected to be completed by end ... Read more »

$8.8 Trillion Asian Investor Group Targets Asia Utilities On Climate Action

The Asia Investor Group on Climate Change (AIGCC), backed by 13 institutional investors responsible for $8.8 trillion in assets under management (AUM), has launched to engage with key Asian electric utilities on cutting emissions, strengthening disclosures and improving governance of climate-related risks. The new program complements the current engagement efforts ... Read more »

4-Day Work Week Could Cut Emissions 20%

As businesses grapple with return-to-work strategies – office, fully remote, hybrid? – a new UK study finds that a 32-hour work week could help fight climate change by reducing emissions more than 20%. Using data from numerous government and academic sources, the report illustrates that shifting to a four-day working ... Read more »

Power Transformers to Reinforce the Advancement of T&D Networks

The production of power transformer equipment has gathered robust pace in recent years. Incessant demand for reliable power supply is a known factor worldwide, driving consistent investments in upgrading grid infrastructure. The gross electricity consumption across the globe is set to register an annual rise of nearly 2%, and renewable energy generation can be expected to form a notable part

Utilities Drive Energy Transition via Decarbonization, Renewables

Renewable energy expansion at US utilities is on track to eclipse prior years and is expected to continue to demonstrate strong commitment to infrastructure spending over the next several years, according to a new S&P Global Market Intelligence analysis. Projected renewable energy investments are forecast to reach $13.94 billion in 2021, then rise an estimated 5% in 2022 to $14.59
Solar power battery storage

California Rushes to Add Battery Capacity, Hopes to Avoid Last Year’s Blackouts

California is adding batteries to its electrical grid at a frantic pace: the state is said to be adding 1,700 megawatts of new battery capacity to the grid this year, in the hopes of avoiding a repeat of last summer’s rolling blackouts, BloombergBNEF reports. To put it in perspective: that’s more battery capacity than all of China.

Utilities Must Manage Assets Differently in Face of Increasingly Violent Weather Events

It is difficult and costly to try and “engineer” a way out of increasingly extreme and damaging weather scenarios, Paul DeCotis, a senior director in the energies and utilities practice at West Monroe, told Environment + Energy Leader. For Texas utilities, generators, and ERCOT, for example, no amount of preparation could have prevented the level of disruption seen across the

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