Eversource Energy

Skipjack Wind to be repositioned for future offtake opportunities

Retrieved on: 
Tuesday, January 30, 2024
Eversource Energy, Bureau, Wind, BOEM, Partnership, Maryland Public Service Commission, Delmarva Peninsula, Renewable energy

Today, Ørsted announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities.

Key Points: 
  • Today, Ørsted announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities.
  • Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission orders approving the Skipjack 1 and 2 projects.
  • “Today’s announcement affirms our commitment to developing value creating projects and represents an opportunity to reposition Skipjack Wind, located in a strategically valuable federal lease area and with a state that’s highly supportive of offshore wind, for future offtake opportunities,” said David Hardy, Executive Vice President and CEO of Region Americas at Ørsted.
  • “As we explore the best path forward for Skipjack Wind, we anticipate several opportunities and will evaluate each as it becomes available.

Ørsted and Eversource Propose Updated Sunrise Wind Project for New York

Retrieved on: 
Thursday, January 25, 2024
Other Energy, Environment, Utilities, Sustainability, Alternative Energy, Energy, Eversource Energy, Sunrise, Wind, New Yorker, Capital region, Port of Coeymans, Investment, Workforce, Renewable energy

Sunrise Wind would deliver up to 924 megawatts of clean energy to New York.

Key Points: 
  • Sunrise Wind would deliver up to 924 megawatts of clean energy to New York.
  • “Sunrise Wind is ready-to-build and ready to make more historic investments in New York’s offshore wind economy, creating jobs and delivering economic benefits immediately,” said David Hardy, Group EVP and CEO Americas at Ørsted.
  • In a successful re-bid, Ørsted would become the sole owner of Sunrise Wind, while Eversource would remain contracted to lead the project’s onshore construction.
  • Ørsted and Eversource would then assess their options in determining the best path forward for Sunrise Wind and its assets.

Ørsted to acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation

Retrieved on: 
Wednesday, January 24, 2024
Other Energy, Environment, Utilities, Sustainability, Alternative Energy, Energy, Eversource Energy, Workforce, Acquisition, Wind, COP, Renewable energy

Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 percent share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York.

Key Points: 
  • Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 percent share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York.
  • The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York 4 solicitation for offshore wind capacity, signing of an OREC (Offshore Wind Renewable Energy Certificates) contract with New York’s energy agency, NYSERDA, finalization of acquisition agreements, receipt of construction and operations plan (COP), and relevant regulatory approvals.
  • If Sunrise Wind is not successful in the solicitation, the existing OREC contract for Sunrise Wind will be cancelled per the state’s requirements, and Ørsted and Eversource’s 50/50 joint venture for Sunrise Wind will remain in place.
  • “Sunrise Wind will be our third offshore wind farm off the Northeast coast, following South Fork and Revolution Wind, which are already under construction.

Eversource Energy Announces Fourth Quarter 2023 Impairment

Retrieved on: 
Monday, January 8, 2024
Alternative Energy, Energy, Utilities, Documentation, Federal Energy Regulatory Commission, RFP, Partnership, Probability, Sale, Eversource Energy, Wind, Inflation, Procurement, Bank statement, Natural gas, JV, Investment, ITC, Renewable energy

During the fourth quarter of 2023, Eversource identified certain impacts that will require further adjustment to the carrying value of its offshore wind investments for the three projects.

Key Points: 
  • During the fourth quarter of 2023, Eversource identified certain impacts that will require further adjustment to the carrying value of its offshore wind investments for the three projects.
  • We considered the following factors in our impairment evaluation:
    In the fourth quarter, each JV updated its project construction forecasts.
  • As a result of these fourth quarter developments, Eversource expects to record an after-tax other-than-temporary impairment charge in the range of $1.4 to $1.6 billion in the fourth quarter of 2023.
  • “Eversource remains focused on advancing the efforts to decarbonize the energy sector and accelerate electrification with much needed investments in transmission and other clean energy infrastructure through our regulated utilities.”
    Eversource Energy operates New England’s largest energy delivery system.

Direct Energy Chosen to Serve Boston Community Choice Electricity Program

Retrieved on: 
Wednesday, January 3, 2024
Carbon footprint, Community, NRG Energy, Eversource Energy, Fortune 500, EVS, Electricity, City, Default, Kilowatt-hour, GREEN, Commonwealth, Carbon, Direct Energy, Standard, Renewable energy

BOSTON, Jan. 3, 2024 /PRNewswire/ -- Direct Energy Services, LLC, one of North America's leading providers of retail electricity and related services, is now proudly serving more than 200,000 households and businesses as the supplier of the City of Boston's Community Choice Electricity Program.

Key Points: 
  • BOSTON, Jan. 3, 2024 /PRNewswire/ -- Direct Energy Services, LLC, one of North America's leading providers of retail electricity and related services, is now proudly serving more than 200,000 households and businesses as the supplier of the City of Boston's Community Choice Electricity Program.
  • This initiative also helps the city achieve its carbon neutrality goals through affordable, reliable and renewable electricity products offered by Direct Energy.
  • With the addition of the City of Boston to its portfolio, Direct Energy now provides renewable electricity to more than 24 municipalities and 400,000 customers in the Commonwealth of Massachusetts.
  • "We are privileged to serve Boston's Community Choice Electricity Program and appreciate Mayor Wu's emphasis on bold and scalable solutions to achieve the city's carbon neutrality goals," said Bucky Gardner, General Manager, Direct Energy Massachusetts.

Enphase Energy Expands its Support for Virtual Power Plants Across the United States

Retrieved on: 
Wednesday, December 13, 2023
Citadel, Public Service Enterprise Group, ENPH, Grid, Electricity, PG&E, Energy, The United Illuminating Company, Eversource Energy, Solar, ELRP, Renewable energy

Grid services help utility companies avoid using electricity from expensive, polluting power plants when electricity demand is high.

Key Points: 
  • Grid services help utility companies avoid using electricity from expensive, polluting power plants when electricity demand is high.
  • Most recently, homeowners who install Enphase IQ Batteries are now eligible to enroll in Pacific Gas and Electric’s (PG&E) Emergency Load Reduction Program (ELRP).
  • The power sharing would occur automatically, and participants would keep the functionality of their IQ Batteries, including backup power.
  • Connecticut homeowners who install Enphase IQ Batteries and are electric customers of United Illuminating or Eversource Energy are eligible to enroll in the Energy Storage Solutions program.

Eversource Recognized as a “5 Year Champion” of Corporate Responsibility by Newsweek

Retrieved on: 
Wednesday, December 27, 2023
Energy, Utilities, Oil, Gas, Partnership, Multimedia, Wind, Sustainability, Social justice, Electricity, News, Water, Natural gas, Eversource Energy, United Company, Management

To do it for five consecutive years is a singular achievement that affirms a workplace culture deeply committed to values embracing corporate social responsibility, sustainability, and corporate citizenship.

Key Points: 
  • To do it for five consecutive years is a singular achievement that affirms a workplace culture deeply committed to values embracing corporate social responsibility, sustainability, and corporate citizenship.
  • Eversource and the other recognized companies on the Newsweek ranking of America’s Most Responsible Companies will be featured in the December 15 issue of the news magazine.
  • For more information on Eversource’s commitment to sustainable corporate citizenship, please visit the Sustainability page of the energy company’s website.
  • Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is among the top utilities in Newsweek ’s list of America’s Most Responsible Companies for 2024 and recognized as one of America’s Most JUST Companies.

FuelCell Energy Delivers Fuel Cell Power to Derby as Part of Connecticut Clean Energy Initiatives

Retrieved on: 
Thursday, November 16, 2023
Acid rain, Carbon, Policy, Sulfur oxide, Transport, City, DEEP, FuelCell Energy, Hydrogen, Environmental protection, NOx, State, History, Smog, Bridgeport, Connecticut, SCEF, Wind, Particulates, Public works, Roosevelt Road, Housatonic River, Atmosphere, Electricity, B cell, Eversource Energy, Renewable energy

It is the second largest fuel cell park in North America following only FuelCell Energy’s Bridgeport fuel cell park and will generate substantial tax revenue for the city.

Key Points: 
  • It is the second largest fuel cell park in North America following only FuelCell Energy’s Bridgeport fuel cell park and will generate substantial tax revenue for the city.
  • In Connecticut, a Class I renewable energy source is defined by statute as electricity produced from wind power, geothermal power or fuel cells.
  • The project was first announced in 2018 following a Connecticut Department of Energy and Environmental Protection (DEEP) Clean Energy Request for Proposals, and it is one of two fuel cell projects in Derby that were awarded to FuelCell Energy.
  • The fuel cell power plant's compact design, quiet operation, and clean emissions profile make it easy to site in populated areas.

Eversource Energy Declares Common Dividend

Retrieved on: 
Tuesday, December 5, 2023
Energy, Other Energy, Utilities, Oil, Gas, Safety, NYSE, Natural gas, Trustee, Eversource Energy

The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.675 per share, payable on December 29, 2023, to shareholders of record as of the close of business on December 18, 2023.

Key Points: 
  • The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.675 per share, payable on December 29, 2023, to shareholders of record as of the close of business on December 18, 2023.
  • Eversource Energy operates New England’s largest energy delivery company and is committed to safety, reliability, environmental leadership and stewardship, as well as expanding energy and sustainability options for approximately 4.4 million electric, natural gas and water customers in Connecticut, Massachusetts and New Hampshire.
  • It has approximately 349 million common shares outstanding.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20231205713192/en/

First American Made export cable installed at South Fork Offshore Wind Farm

Retrieved on: 
Wednesday, November 8, 2023
EVP, Wind, Electricity, GIS, Eversource Energy, HVAC, South Fork Wind Farm, KV, Renewable energy, Nexans

Nexans' export cable for Ørsted and Eversource's South Fork Wind Farm off Long Island, NY has been installed and the site acceptance test successfully performed.

Key Points: 
  • Nexans' export cable for Ørsted and Eversource's South Fork Wind Farm off Long Island, NY has been installed and the site acceptance test successfully performed.
  • The subsea cable on the seabed marks a significant moment for the Group and the country as the first American made subsea cable that connects a US offshore wind farm to the electricity grid.
  • The 110km 138 kV export cable will soon transmit 132MW of electricity to Long Island, New York, energizing over 70,000 homes.
  • The South Fork Wind Farm contract is the first to be completed within a framework agreement between Nexans and Ørsted Wind Power North America LLC.