Nuclear Power Utility EdF Writes Down $14B Loss on Delayed UK Nuclear Megaproject Peter Reina February 20, 2024 No Comments Eletricité de France is financing all construction costs for Hinkley Point C power plant, which it now expects to complete as late as 2031.Read More
Fossil Fuel Energy Babcock & Wilcox, Utility Gain $16M for Blue Hydrogen at Wyo. Plant Mary B. Powers February 16, 2024 No Comments Gillette coal-fired power plant would deploy firm's innovative technology for blue hydrogen also expandable to other Powder River Basin plants.Read More
Finance Will Real Estate Developers Soon Hold Back Even More Payments? Richard Korman Jim Parsons February 15, 2024 No Comments A historic financial reckoning is at hand with office vacancies and interest rates high.Read More
Nuclear Power Deal Set for First Privately Funded Small Nuclear Reactors in Europe Mary B. Powers Debra K. Rubin February 14, 2024 One Comment At construction completion, four projects in England would be Britain's first SMR deployment and its first use of the Westinghouse AP300 design.Read More
Renewable Energy Orsted Cuts Offshore Wind Target, Exits Some Non-US Markets Peter Reina February 12, 2024 No Comments The Danish offshore wind developer reduced its 2030 renewable energy capacity goal from 50 GW to 35-38 GW.Read More
Information Technology McCarthy Standardizes Its Payments on Oracle's Textura Platform Contractor moves to shift all subcontractor payments to new system Jeff Yoders February 7, 2024 No Comments McCarthy Building Cos. has standardized its subcontractor payments and most financial transactions on Oracle's Textura cloud-based payments platform. Read More
Clean Energy Construction Amazon, Google Buy 65% of Scotland Offshore Wind Project Power Mary B. Powers Debra K. Rubin January 31, 2024 No Comments $3-billion, 882-MW Moray West project, set to finish by early 2025, has signed power deals with tech firms—with Google announcing Feb. 1 a new large wind agreement with Shell and Mitsubishi.Read More
Materials Global Cement Giant Holcim Plans $11B Spin-off of US Business Jeff Rubenstone January 29, 2024 No Comments Federal spending initiatives have pumped up the U.S. market for the Switzerland-based materials giant.Read More
Clean Energy Green Hydrogen Pioneer Plug Power to Build 6 Plants With Big US Loan Mary B. Powers Debra K. Rubin January 29, 2024 No Comments DOE's $1.6B infusion would ease startup's financial strain in scaling up domestic market.Read More
Project Finance BlackRock to Buy GIP in Link of US Infrastructure Investment Giants If approved, combined firms will manage a $150-billion global infrastructure investment portfolio Mary B. Powers Debra K. Rubin January 17, 2024 No Comments In $12.5B deal, the asset manager would acquire Global Infrastructure Partners' $106M infrastructure investment portfolio per a Jan. 12 announcement.Read More