AEP Appoints Matthew Fransen as Treasurer
American Electric Power (Nasdaq: AEP) has appointed Matthew Fransen as Senior Vice President, Finance and Treasurer, effective Dec. 1. Fransen will take over from Julie Sherwood, who is retiring after a 20-year career with the company. In his new role,…
AEP Ohio and Key Stakeholders Reach Agreement on Meeting Rising Power Demands for Data Centers
AEP Ohio, a subsidiary of American Electric Power (Nasdaq: AEP), has filed a settlement agreement to meet the substantial electricity needs of Ohio’s expanding data center industry while safeguarding other customers from related costs. The agreement, developed in partnership with…
Valero Energy Announces Q3 2024 Results
Valero Energy Corporation (NYSE: VLO) reported third-quarter 2024 net income of $364 million, or $1.14 per share, down from $2.6 billion, or $7.49 per share, in Q3 2023. Segment Performance Refining:The Refining segment posted an operating income of $565 million,…
SDG&E Launches Wildfire and Climate Resilience Center
SDG&E has launched its Wildfire and Climate Resilience Center, a state-of-the-art facility aimed at strengthening the electrical grid against the growing impacts of climate change. The center integrates AI, predictive modeling, and real-time data with emergency responder technology to support…
BP Finalizes Acquisition of Lightsource BP
BP has completed the acquisition of the remaining 50.03% interest in Lightsource BP, a leading global developer and operator of utility-scale solar and battery storage projects. In November 2023, BP announced its agreement to acquire the remaining interest in Lightsource…
Trinasolar US Initiates Legal Action to Safeguard TOPCon Technology Patents
Trinasolar, a leading provider of smart solar products and solutions, has announced that it has filed a lawsuit in the U.S. District Court of Delaware and a complaint with the U.S. International Trade Commission (ITC) to safeguard its TOPCon technology…
SolarEdge Praises U.S. Treasury’s Final Rule on Advanced Manufacturing Production Credit
SolarEdge Technologies, Inc. (NASDAQ: SEDG), a leader in smart energy technology, has praised the U.S. Department of the Treasury for releasing final rules regarding the Advanced Manufacturing Production Tax Credit. This initiative under Section 45X supports SolarEdge’s rapid expansion of…
Forum Energy Technologies Prices $100 Million Senior Secured Bond Issuance
Forum Energy Technologies, Inc. (NYSE: FET) has announced the completion of its private offering of $100 million in aggregate principal amount of 10.5% senior secured bonds (the “Offering”). These bonds are set to mature in November 2029 and will be…
Blue Bird Delivers First Propane-Powered Bus Fleet to Philadelphia School District
Blue Bird Corporation (Nasdaq: BLBD), a leader in electric and low-emission school buses, has delivered its first fleet of propane-powered buses to the School District of Philadelphia (SDP), Pennsylvania’s largest school district. This delivery of 38 near-zero-emission buses will help…
ProLux Energy and Powur Form Strategic Partnership to Drive Growth in the Solar Market
Powur PBC, a leading platform-based company dedicated to simplifying access to clean solar energy, has announced a three-year exclusive partnership with ProLux Energy, a regional EPC operating in Illinois and Arizona. This collaboration will enable ProLux Energy to leverage Powur’s…
Vanguard Renewables Begins Construction on First Organics-to-Renewable Gas Facility in Virginia
Vanguard Renewables, a company backed by Global Infrastructure Partners (GIP) and part of BlackRock, held a groundbreaking ceremony for its latest renewable natural gas project at Oakmulgee Dairy Farm in Amelia Court House, Virginia. Owned by Larkin Moyer and his…
Stellantis and Factorial Advance Solid-State Battery Technology to Accelerate Electric Vehicle Future
Stellantis N.V. and Factorial Inc. have announced the next phase of their partnership to accelerate the development of electric vehicles (EVs) powered by Factorial’s advanced solid-state battery technology. Building on Stellantis’ $75 million investment in Factorial in 2021, this new…