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The New York Power Authority Board of Trustees recently approved the release of $2.55 million in funding to seven community-based organizations that will implement clean energy industry workforce development initiatives throughout New York State.
Form Energy recently announced a $405 million Series F financing round led by T. Rowe Price. The Series F brings Form Energy’s total funds raised to date at over $1.2 billion.
The North American Electric Reliability Corporation has launched a Large Loads Task Force in order to better understand the reliability impact of emerging large loads such as data centers and hydrogen fuel plants and their impact on the bulk power system.
As of 9 a.m. Sunday morning, public power utilities have restored power to more than 95 percent of customers in Florida who experienced outages from Hurricane Milton, the Florida Municipal Electric Association reported on Oct. 13.
GM Energy recently launched the GM Energy PowerBank, a stationary storage product that gives EV owners the power to store and transfer energy from the grid, and the option of integrating with solar power equipment.
The PJM Interconnection and its members have adequate resources to serve the forecasted demand for electricity this winter under expected conditions, although reserve margins continue to shrink with continued generator retirements and increasing demand, the grid operator said on Oct. 14.
The U.S. Department of Energy’s Grid Deployment Office on Oct. 9 announced 39 hydropower facilities throughout the country will receive more than $12 million in incentive payments for electricity generated and sold in calendar year 2023. Public power utilities are included among the recipients of the payments.
Kairos Power and Google have signed a Master Plant Development Agreement, creating a path to deploy a U.S. fleet of advanced nuclear power projects totaling 500 megawatts by 2035, the companies said on Oct. 14.
The U.S. Department of Energy has awarded Gainesville Regional Utilities a $47.5 million grant to bolster electric grid resilience, increase funding to community-based programs and support workforce development.
Moody’s Investors Service recently affirmed the Aa2 rating with a stable outlook for Western Minnesota Municipal Power Agency’s power supply revenue and refunding bonds.