US to develop AI on Energy Department Lands
On Thursday, the administration of Donald Trump announced that it had identified 16 sites in the U.S. Department of Energy where data centers and energy plants to support artificial intelligence could be built. The rapid growth of AI has led to a boom in the demand for power in the United States, which is unprecedented in 20 years.
Sempra sells Mexico energy assets and stake in infrastructure unit
Sempra, a utility firm, said it would sell energy infrastructure assets and a minority interest in Sempra Infrastructure in Mexico to fund its $56 billion five-year capital expenditure plan. In February, the company forecasted a five-year plan for capital expenditures of approximately $56 billion. This was a 16% rise from its previous plan.
Gas turbines from GE Vernova will be used in a new Missouri power station
GE Vernova announced on Friday that it has received an order for its aeroderivative GE Vernova gas turbines to be used in Springfield City Utilities (CU)'s new power generating plant in Missouri. The McCartney Generating Station, a 100 Megawatt (MW), is expected to begin operations in 2027.
Jain and Boersma: US LNG exporters may run into a methane problem in Europe
New methane regulations may be a hindrance to the Trump administration's goal of "energy dominance", which is the United States' largest export market. The EU's President Ursula von der Leyen indicated that they may be willing import more U.S. LNG, in part to lower the EU's trade deficit.
Enel CEO: Italy's Enel wants to buy back shares as a way to reward shareholders
Enel, one of Europe's largest utilities, may offer a share repurchase to reward investors. The chief executive said this on Thursday following the presentation of 2024 results. Last year, the group reduced its net debt from 2.7 times its core earnings in 2023 to 2.4 in 2018 thanks to a comprehensive asset disposal program that began in late 2022.
Polish Minister sees the energy price cap expiring this year
According to Polish Climate Minister Paulina Hnnig-Kloska, the government should be able to lift the cap on energy prices in the final quarter of this year due the falling wholesale prices. Since 2022, Poland has capped power bills to protect vulnerable consumers from the rising costs of energy.
CERAWEEK - Small nuclear power struggles on the cusp of US electric demand boom
Small modular nuclear reactors are touted by everyone from the U.S. Energy Secretary to Big Tech as the answer to the booming demand for power. However, the technology has struggled to reach commercialization due to cost and regulatory obstacles. The artificial intelligence industry…
India's thermal coke imports fell for the sixth consecutive month in February
Ship tracking data shows that India's thermal coal imports, which are mainly used for power generation, fell in February for the sixth consecutive month. This is because coal-fired electricity generation increased at a slower pace due to a slowdown of manufacturing. It is the longest…
Indonesia will maintain the monopoly of electricity by state utilities, says the president's assistant
A close advisor to Indonesian President Prabowo said that he has decided to not change the monopoly of the state-owned power utility on the electricity markets despite calls to liberalise the market to encourage investment in renewable energy. Hashim Djojohadikusumo is the brother of the president and his adviser.
Utility Public Service Enterprise raises its spending plan and forecasts a higher profit in 2025
Public Service Enterprise Group, a U.S. electric utility and gas company, forecasted a higher profit in 2025 compared to the previous year and increased its five-year plan for capital expenditures. Utilities are experiencing a surge in power demand as Big Tech invests billions of…
Uniper's hedging strategy includes selling hydropower through 2027.
The German utility Uniper said that it has sold large quantities of future hydropower production as part of an hedging strategy. Uniper sold 30% of German hydropower for 2026, at an average of 86 euros per megawatt-hour (MWh) and 5% for 2027 at 80 euros/MWh. This was revealed in a presentation to analysts on the earnings for 2024.
Russell: Asia LNG imports to fall to 22-month low due to Europe's surge in prices
In February, Asia's LNG imports will likely drop to their lowest level in almost two years while Europe's are expected to reach the second highest levels on record. Buyers are turning away from expensive spot cargoes that have prices that are at least 50% higher this year than they were last year.
Russell: Asia LNG imports to fall to a 22-month low due to Europe's surge in prices.
In February, Asia's LNG imports will likely drop to their lowest level in almost two years while Europe's will surge to the highest levels ever recorded. Buyers are turning away from expensive spot cargoes that have prices at least 50 percent higher than they were last year. The milder…
FERC wants more guidance on colocated data centers
The U.S. Energy regulators directed the largest grid operator in the country to clarify how it deals with co-location. This arrangement is becoming increasingly popular for AI data centers, allowing them to be connected directly to power plants. Co-location is a faster way to get large amounts of energy…
Japan adopts new policies on energy, climate and industry through 2040
The Japanese government approved new targets on Tuesday to reduce the country's emissions of greenhouse gases through 2040. It also approved a revised energy policy and updated industrial policies for the same time period. The measures are aimed at enhancing long-term stability of policy for businesses.
DeepSeek fears subside, US power companies spend more on data centers
U.S. Electric utilities are increasing their spending plans by tens and even hundreds of millions of dollars in order to upgrade the grid and build new power sources as artificial intelligence data centers and cloud computing drives up energy consumption. PPL Corp announced on its…
DTE Energy's capital expenditure plan is increased, but the fourth-quarter profits are lower due to lower rates
DTE Energy increased its five-year plan for capital expenditures by $5 billion, on Thursday. The utility had posted a decline in the fourth quarter profit due to lower electricity prices. U.S. utilities are increasing their capital expenditure plans in order to upgrade the electric grid and lines to meet the needs of power-hungry industries.
TE Connectivity to Acquire Richards Manufacturing
TE Connectivity entered into a definitive agreement to acquire Richards Manufacturing Co. from funds managed by Oaktree Capital Management, L.P. and members of the Bier family, long-standing owners and leaders of the business. The transaction will strengthen TE's position in serving…
DTE Energy reports a fall in profit for the fourth quarter on lower rates
DTE Energy announced a decline in its fourth-quarter profits on Thursday. The utility was hit by lower electricity prices. Regulations regulate utilities to establish the price that customers will pay for natural gas and electricity. DTE filed a rate case in order to reduce the cost of electricity production.
NiSource increases its earnings forecast for 2025 on the basis of higher power demand
NiSource, a U.S. electric utility and gas company, raised its earnings forecasts for 2025 on Wednesday and beat the fourth-quarter profit expectations. According to the U.S. Energy Information Administration, power companies will benefit from rising electricity consumption - which…
