Enbridge Announces Series 9 Preferred Shares Conversion and Dividend Rate Reset
Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced that it will not exercise its option to redeem the outstanding Cumulative Redeemable Preference Shares, Series 9 (TSX: ENB.PF.A) on December 1, 2024. Consequently, Series 9 shareholders have the option to convert their…
Duke Energy Carolinas to Lower Monthly Bills for South Carolina Customers in November
Starting November 1, Duke Energy Carolinas customers in South Carolina will see lower electric rates due to the annual adjustment for fuel costs approved by the Public Service Commission of South Carolina (PSCSC). Residential customers using 1,000 kilowatt-hours (kWh) per…
Iberdrola and Norges Bank add first 50 MW of solar to alliance
Iberdrola and Norges Bank Investment Management have integrated the first 50 MW of solar photovoltaic (PV) capacity from their ongoing 2,500 MW renewables partnership. The newly commissioned Peñarrubia project in Murcia marks the first solar asset contributing to this €2…
Avantus Sells Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments
Avantus has announced the sale of the Catclaw Solar and Energy Storage Project to D.E. Shaw Renewable Investments (DESRI). Located in Buckeye, Arizona, the project boasts up to 225 MWac of solar capacity and 250 MW/1,000 MWh of energy storage.…
Hassana and EIG Sign MoU for Middle East Infrastructure and Energy Transition Projects
Hassana Investment Company (Hassana) and EIG, a leading global energy and infrastructure investor, have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East. The partnership will leverage EIG’s targeted $1 billion…
Energy and Utilities Leaders Prioritize Cybersecurity but Face Key Resilience Challenges, LevelBlue Report Finds
LevelBlue, a provider of managed network security services and threat intelligence, has released its 2024 Futures Report: Cyber Resilience in Energy and Utilities, highlighting major challenges energy and utility leaders face as they contend with rising cyber threats and demands…
Mirion Technologies Wins Key Contracts for UK’s Sizewell C Nuclear Project
Mirion Technologies (NYSE: MIR), a leader in advanced radiation safety solutions, has secured two major contracts to support the Sizewell C project, a 3.2-gigawatt nuclear power station in East Suffolk, UK. Utilizing EDF’s expertise and EPR (European Pressurized Reactor) technology,…
TerraPower Signs Agreement to Commercialize and Purchase HALEU
TerraPower, a leading developer of advanced nuclear energy, has signed a term sheet with ASP Isotopes Inc. to increase global production of high-assay low-enriched uranium (HALEU). This agreement marks the initial phase of a larger partnership: TerraPower will invest in…
OCP Group and ENGIE Partner to Accelerate Energy Transition
OCP Group and ENGIE have formed a strategic partnership to accelerate OCP Group’s energy transition and support Morocco’s energy transformation. This Joint Development Agreement (JDA) sets the stage for multiple innovative projects in renewable energy, energy storage, green hydrogen and…
Energy Transition Crucial for Europe’s Competitive Edge
The energy transition is crucial for Europe’s competitiveness and demands stable regulations, substantial grid investment, and the integration of digital technology and AI, according to Iberdrola leaders at the recent Enlit conference in Milan from October 22-24. Enlit, a leading…
NextEra Energy Announces $1.5 Billion Equity Units Offering
NextEra Energy, Inc. (NYSE: NEE) has announced an agreement to sell $1.5 billion in equity units to J.P. Morgan, Mizuho, and Goldman Sachs & Co. LLC, with the transaction expected to close on Oct. 31, 2024. The sale is anticipated…
TE H2, CIP, and A.P. Møller Capital Launch Major Green Hydrogen Project in Morocco
Under the auspices of His Majesty King Mohammed VI of Morocco and French President Emmanuel Macron, the Moroccan government and TE H2, along with partners Copenhagen Infrastructure Partners (CIP) and A.P. Møller Capital, have signed a preliminary contract for land…