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AEP Ohio Proposes New Utility Tariff for Data Centers to Offset Infrastructure Costs

POWER Magazine

American Electric Power (AEP) subsidiary AEP Ohio filed a settlement agreement with the Public Utilities Commission of Ohio (PUCO) and key stakeholders on Oct. 23 to address the costs of […] The post AEP Ohio Proposes New Utility Tariff for Data Centers to Offset Infrastructure Costs appeared first on POWER Magazine.

Utilities 246
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Volta Receives Financing to Expand Future Electrification

NGT News

Volta, a company that specializes in commerce-centric electric vehicle (EV) charging networks, says it has received oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing.

Finance 147
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Dominion Sells 50% Stake in $10B Offshore Wind Project

POWER Magazine

The Richmond, Virginia–headquartered utility in an […] The post Dominion Sells 50% Stake in $10B Offshore Wind Project appeared first on POWER Magazine. Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak.

Offshore 246
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Utilities and EVs: How to Drive Success

True Energy

Written by Marc Published November 29, 2024 Written by Marc Published November 29, 2024 Utilities and EVs: How to Drive Success The surge in electric vehicle sales marks an unprecedented chance for utilities. Share on Embrace EVs as a new opportunity for utilities to expand revenue and enhance customer relationships.

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New IRS Revenue Ruling Provides Opportunities for Financing Carbon Capture Equipment

The Energy Law

Recall that section 45Q provides for a credit against a taxpayer’s income tax liability based on the amount of carbon oxide (a) captured using carbon capture equipment, (b) placed in service at a qualified facility and (c) disposed of, injected, or utilized in a specified manner.

Finance 59
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The Demand Charge Dilemma at EV Charging Stations

POWER Magazine

With the transition to electric vehicles, utilities are becoming the new “gasoline wholesalers” as they provide critical fuel for transportation. Understanding their complex energy rate structures could make or break […] The post The Demand Charge Dilemma at EV Charging Stations appeared first on POWER Magazine.

Utilities 130
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LPO Announces Conditional Commitment to Plug Power to Produce and Liquify Clean Hydrogen Fuel

Energy Central

to help finance the construction of up to six facilities across several states to produce clean hydrogen utilizing the company’s own electrolyzer technology. Today, LPO announced a conditional commitment of an up to $1.66 billion loan guarantee to a subsidiary of Plug Power Inc. If finalized, the project.

Finance 49