Sarah Slusser

Natural gas emits about half the CO2 of coal, making it a cleaner option for reliable, baseload power. In Virginia, natural gas accounts for over 50% of our electric capacity, and will continue to play a critical role in our all-of-the-above strategy for Virginia's energy future. https://ow.ly/QCVx50UpZ5w

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New England’s continued power demand growth spurs Shell’s acquisition of a 596-MW Rhode Island gas plant, underscoring continued investment in the region’s energy infrastructure. Read more: https://lnkd.in/eT9RQBjP

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📈 Corporate PPA activity in the ERCOT market has reached 1.8 GW, YTD 2024. Data from the Enerdatics Energy Transition PPA database indicates that ERCOT has seen ~1.8 GW in corporate power purchase agreements (PPAs) since the start of 2024, constituting over 60% of the U.S. total. 💡 Tech giant Microsoft leads the way, having secured ~800 MW across three deals. Meanwhile, new entrants such as UnitedHealth Group, Sonoco, and AdventHealth are also stepping up their sustainability efforts. 🏆 Key Suppliers Making Waves: > Regional Leaders: Primergy, Leeward Renewable, Scout Clean Energy > International Players: Orsted, ENGIE 🤝 Positive PPA negotiations in ERCOT are driven by the market's lower land and interconnection costs, which help mitigate higher interest rates and supply chain issues. 🌟 Top Deals to Note: > Microsoft and Primergy Solar: 408 MW from Ash Creek solar project > Hyundai and Matrix Renewables: 147 MW (Hyundai’s first U.S. PPA) > RTX and ENGIE: ~38 MW from Priddy wind project #CorporatePPA #ERCOT #RenewableEnergy #Sustainability #Microsoft #Hyundai #RTX #ENGIE #Orsted #Primergy #LeewardRenewable #ScoutCleanEnergy #UnitedHealthGroup #Sonoco #AdventHealth

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Interesting read on near term electricity reliability planning - growth of intermittent capacity; asset shifts; growing cyber-threats; sector-coupling gas & grid; inter-regional capacity markets and demand growth. A lot to digest. In my view, district energy systems fit perfectly in the mix to support cities, communities and campuses as the energy transition unfolds. https://lnkd.in/eFQr9uGs

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Constellation Energy's acquisition of Calpine represents a transformative development in the U.S. energy sector, with significant implications for market dynamics and grid interconnection. The merger's success will depend on effectively integrating diverse energy assets, strategic infrastructure investments, and careful navigation of regulatory landscapes. #EnergyTransition #GridModernization #MarketTrends Via Utility Dive https://lnkd.in/ghzgJnCB

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Exciting developments in Pennsylvania's energy sector as Senator Gene Yaw proposes a new loan fund to boost power plant construction! Modeled after Texas' initiative, this could be a game-changer for the PJM Interconnection grid, ensuring stability as demand grows. 📈 Explore how this could transform energy management in the region in this recent article from Utility Dive: https://loom.ly/FiIuQ3A

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Adding more baseload power plants to the energy mix can worsen the country’s power supply in the long run, said ICSC’s Energy Transition Advisor Alberto III Dalusung in an interview with ABS-CBN News Channel. This was in response to former Department of Energy Secretary Jericho Petilla’s statement urging the national government to lift the moratorium on coal-fired power plants, citing a need to build more capacity to meet the rising demand as the Philippines continues to struggle with power supply issues. Instead, the Philippines must focus on shifting to a flexible, distributed power system that makes use of various energy sources, including #RenewableEnergy, said Dalusung. “Most of our capacity is baseload coal power plants, they’re a part of our energy mix. But we don’t need more of them; we have too much. We have to take another step back: what kind of new capacities do we really need to address the situation? We need more flexible capacity, and capacity that is distributed along our grid.” Watch: https://lnkd.in/gaBZDh5B Read ICSC’s report on the power outlook for this summer: https://lnkd.in/gdr6Tyu3  #PowerOutlook2024 #EnergySecurityNow

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Capacity market prices for energy in PJM surged, signaling a crucial demand for additional generation. PJM Interconnection's footprint is set to allocate $14.7 billion for capacity in the 2025/26 delivery year, a substantial rise from $2.2 billion in the previous auction. Stay informed about the energy sector's evolving landscape: [Link to the article] #EnergyMarket #CapacityAuction #PJMInterconnection

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EQT Group’s new Transition Infrastructure strategy acquires distributed energy company Scale Microgrids Ryan Goodman Jan Vesely Warburg Pincus LLC #infrastructure #energytransition #cleanenergy #renewableenergy #privateequity

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Constellation is close to finalizing a $30bn deal to acquire power producer Calpine, a transaction that would significantly bolster its generation capacity amid growing US power demand. The deal, expected to be announced by January 13, is likely to involve a payment structure consisting mostly of stock, with a smaller cash component. Historically, Constellation Energy has worked with Sidley Austin LLP and Bank of America, according to MergerLinks data. #MergersAcquisitionsDivestitures #Energy #PowerProducer

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Wells Enterprises Receiving Additional Hydropower Allocation Wells Enterprises will receive an additional low-cost Niagara hydropower allocation through the New York Power Authority Wells is a current NYPA customer receiving 4,100 kW of hydropower allocations with associated commitments of nearly 550 jobs and more than $54 million in private capital investments.\ The Dunkirk company is the largest family-owned ice cream manufacturer in the nation and is well-known for its Bomb Pops and Blue Ribbon Classics brands. Wells was awarded 1,052 kilowatts (kW) to support the construction of a new 350,000 square-foot facility at its Dunkirk site to expand its ice cream and frozen dessert manufacturing capabilities. They are expending $425 million to build the facility, establish an on-site chocolate manufacturing plant, create a new office building and receiving bays, and purchase raw materials for its production lines. The expansion will create 270 jobs. Low-cost Niagara hydropower is available for eligible companies located within a 30-mile radius of the Power Authority’s Niagara Power Project and in Chautauqua County. https://lnkd.in/gzTdxqXy

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The Federal Energy Regulatory Commission will finalize its regional transmission planning and cost allocation rule on 📅 May 13 📅 Check out this piece from Cody Lynch, director of renewable energy for Coalfield Development Corporation, on the importance of regional transmission lines to economic development in Appalachia. "Strategic transmission planning and investment is vital to supporting business development, reducing congestion on lines and connecting consumers to the cheapest and most reliable energy sources at any given time." ⤵ https://lnkd.in/encgTDcq

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What opportunities exist for renewables and storage as the Coal Catch-22 emerges in PJM and MISO? Hear Gary Dorris, Ph.D. and Brent Nelson, Ph.D. speak on energy transition opportunities in response to the region's aging thermal fleet during our upcoming live webinar on Nov. 7th 👉 https://okt.to/ZAFd2f

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In this week’s newsletter: Four big Supreme Court rulings just offered a new playbook for polluters. Plus:  🏭 The end of Biden’s LNG pause 🧾 Carbon offset market needs reform ☀️ Community solar delivers on its promises And more of the week’s biggest clean energy stories:

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Mark Nelson, Managing Director of Radiant Energy Group, appeared on CNBC's Squawk Box this morning to discuss the latest developments in big tech investments in nuclear energy. His appearance coincided with Amazon's announcement of a $500+ million investment to develop nuclear reactors in partnership with X-energy. During the interview, Nelson highlighted the emerging trend among tech giants: "What we'll start to see is a race between the biggest tech companies to make bigger and bigger, more immediate investments in nuclear power." Nelson emphasized the significant shift in the industry's approach to energy: "After a decade of pointing the public, the government, and non-profits in one direction...what we're seeing now is that the big tech companies are finally stepping up to a leadership position...to deploy the nuclear that will benefit all of society." These insights underscore the pivotal role nuclear energy is poised to play in powering the future of technology and data centers. Check out the full interview below: https://lnkd.in/gq_KqqVG

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