Public utility

HEI Reports 2023 Results

Retrieved on: 
Tuesday, February 13, 2024
Finance, Banking, Energy, Professional Services, Utilities, Total, Core, Investment, News, HEI, Hawaiian Electric Industries, Sale, Public utilities commission, ASB, Public utility, American Savings Bank, GAAP, PUC, Webcast, Public expenditure, MPIR, ARA, Net, O&M, EPS, Wildfire, Research, Insurance, Video game

“Our core businesses delivered solid results under challenging circumstances, and both the utility and bank remain focused on supporting our communities and customers.

Key Points: 
  • “Our core businesses delivered solid results under challenging circumstances, and both the utility and bank remain focused on supporting our communities and customers.
  • Excluding incremental after-tax Maui windstorm and wildfire-related expenses, Hawaiian Electric’s core net income3 for 2023 was $195.1 million.
  • For the fourth quarter 2023, return on average equity was 2.7%, compared to 15.7% in the fourth quarter of 2022.
  • HEI will conduct a webcast and conference call to review its fourth quarter and full year 2023 consolidated financial results today at 11:30 a.m. Hawaii time (4:30 p.m. Eastern).

Itron Enterprise Edition Meter Data Management Now Available in the Microsoft Azure Marketplace

Retrieved on: 
Tuesday, February 13, 2024
Technology, Utilities, Alternative Energy, Energy, Construction & Property, Other Natural Resources, Environment, Software, Networks, Natural Resources, Urban Planning, Hardware, Green Technology, Data Management, Metre, Outcome, Data management, Public utility, Microsoft Azure, Meter data management, ITRI, City, Microsoft, IEE, Water, MDM, Online shopping

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the availability of Itron Enterprise Edition (IEE) Meter Data Management (MDM) in the Microsoft Azure Marketplace , an online store that provides applications and services for use on Azure and simplifies the buying process for customers.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the availability of Itron Enterprise Edition (IEE) Meter Data Management (MDM) in the Microsoft Azure Marketplace , an online store that provides applications and services for use on Azure and simplifies the buying process for customers.
  • Utilities can now more easily take advantage of the productive and trusted Azure cloud platform to host Itron’s market-leading data management product.
  • Further benefits of IEE MDM including:
    Real-time data collection: Near real-time data is securely collected and available to the utility and end customer.
  • “IEE MDM is one of the most deployed meter data management systems in the world and we are thrilled to expand access to the data management solution in the Microsoft Azure Marketplace.”
    “Through Microsoft Azure Marketplace, customers around the world can easily find, buy, and deploy partner solutions they can trust, all certified and optimized to run on Azure,” said Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. “We’re happy to welcome Itron IEE MDM to the growing Azure Marketplace ecosystem.”
    The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure.

Meeting the Challenge to Ready Minority Candidates for Utility Careers

Retrieved on: 
Friday, February 9, 2024
FirstEnergy, Communication, Employment, Workforce, Appalachian Mountains, Safety, FE, Public utility, Multimedia, Ageing, Curriculum, Veteran, Natural gas, Computer, Management

GREENSBURG, Pa., Feb. 9, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has awarded an $85,000 grant to the Energy Innovation Center Institute (EICI) to assist with its efforts to recruit, train and prepare diverse candidates from economically distressed Pennsylvania communities for apprenticeships and similar programs offered by electric, natural gas, communication and water utilities throughout the state.

Key Points: 
  • FirstEnergy's corporate grant will supplement EICI resources for computers, training equipment, training stipends and curriculum development to help diverse candidates to be ready to complete a utility apprenticeship program if selected.
  • Pittsburgh-headquartered EICI helps address this challenge through its Infrastructure Academy (IA), an innovative critical infrastructure and utility-workforce recruiting and training initiative to position minority candidates for successful utility careers.
  • Candidates are subject to rigorous screening and training for selection to highly competitive apprenticeship and training programs.
  • We are pleased to provide funding to help the Infrastructure Academy establish a pool of diverse candidates ready to enter apprenticeship and job-training programs offered by FirstEnergy and other utility companies.

Machine-to-machine (M2M) Connections Market worth $5.3 billion units by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, February 9, 2024
Cellular, IEEE Standards Association, Electronics, NFC, Growth, GNSS, Hardware, Intel, Health care, LoRa, Wireless, Transport, Consumer, Z-Wave, Building automation, Bluetooth, Power, Vodafone, UWB, Metropolitan Transportation Authority, LTE, Automotive industry, NXP Semiconductors, Fleet management, EnOcean, Processor, USD, Texas Instruments, Security, Huawei, European Union energy label, Investment, LTE-M, MIM, Health, Connectivity, Universal, City, MIMO, Aggregation, Zigbee, Public utility, Consumer electronics, Hospital, Internet of things, Region, Cisco, Geography, Mobile phone

The short range wireless technology machine-to-machine (M2M) connections segment is expected to account for the largest share of the machine-to-machine (M2M) connections market in 2024.

Key Points: 
  • The short range wireless technology machine-to-machine (M2M) connections segment is expected to account for the largest share of the machine-to-machine (M2M) connections market in 2024.
  • The short-range segment is a significant market for machine-to-machine (M2M) connections.
  • The Automotive & Transportation segment is expected to account for the largest share of the machine-to-machine (M2M) connections market in 2024.
  • The Asia Pacific market is expected to witness the highest CAGR in the machine-to-machine (M2M) connections market during the forecast period.

Machine-to-machine (M2M) Connections Market worth $5.3 billion units by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, February 9, 2024
Cellular, IEEE Standards Association, Electronics, NFC, Growth, GNSS, Hardware, Intel, Health care, LoRa, Wireless, Transport, Consumer, Z-Wave, Building automation, Bluetooth, Power, Vodafone, UWB, Metropolitan Transportation Authority, LTE, Automotive industry, NXP Semiconductors, Fleet management, EnOcean, Processor, USD, Texas Instruments, Security, Huawei, European Union energy label, Investment, LTE-M, MIM, Health, Connectivity, Universal, City, MIMO, Aggregation, Zigbee, Public utility, Consumer electronics, Hospital, Internet of things, Region, Cisco, Geography, Mobile phone

The short range wireless technology machine-to-machine (M2M) connections segment is expected to account for the largest share of the machine-to-machine (M2M) connections market in 2024.

Key Points: 
  • The short range wireless technology machine-to-machine (M2M) connections segment is expected to account for the largest share of the machine-to-machine (M2M) connections market in 2024.
  • The short-range segment is a significant market for machine-to-machine (M2M) connections.
  • The Automotive & Transportation segment is expected to account for the largest share of the machine-to-machine (M2M) connections market in 2024.
  • The Asia Pacific market is expected to witness the highest CAGR in the machine-to-machine (M2M) connections market during the forecast period.

Bidgely’s UtilityAI Platform Wins 2024 AESP Innovation in Technology Award

Retrieved on: 
Thursday, February 8, 2024
Data Management, Technology, Utilities, Energy, Software, Artificial Intelligence, Heat, Federal, Electron, AESP, EV, Innovation, Customer, Public utility, Multimedia, Refrigeration, DER, Lighting, AMI, Renewable energy

The Association of Energy Services Professionals (AESP) has named Bidgely a winner of the 2024 AESP Energy Awards, Innovation in Technology.

Key Points: 
  • The Association of Energy Services Professionals (AESP) has named Bidgely a winner of the 2024 AESP Energy Awards, Innovation in Technology.
  • The AESP Energy Awards honor companies that demonstrate leadership in advancing the industry with innovative approaches to solving the industry’s most pressing challenges.
  • View the full release here: https://www.businesswire.com/news/home/20240208902190/en/
    Bidgely has been named winner of the 2024 AESP Energy Awards for the success of its UtilityAI Platform in solving the industry’s most pressing challenges.
  • They represent earnest collaboration, daring innovation and the uplifting power of inclusivity,” said Jen Szaro, president & CEO of AESP.

Capital Markets Update: Ørsted presents updated business plan following comprehensive portfolio review – Thomas Thune Andersen steps down as Chair at upcoming AGM

Retrieved on: 
Wednesday, February 7, 2024
Nature, DKK, Growth, CFO, FFO, Wind, Capital market, Carbon, ROCE, IRR, Ørsted (company), Public utility, Pleasure, Renewable energy

In response to this, Ørsted is implementing measures to ensure a robust balance sheet, supporting long-term growth and capital structure resilience towards 2030.

Key Points: 
  • In response to this, Ørsted is implementing measures to ensure a robust balance sheet, supporting long-term growth and capital structure resilience towards 2030.
  • However, Ørsted has revisited its portfolio to prioritise growth options with the highest potential for value creation and lower risks.
  • DKK 35 billion of capital expenditure relief in 2024-2026 compared to the numbers presented at the Capital Markets Day in June 2023.
  • DKK 3 billion of development expenditure reductions in 2024-2026 compared to the numbers presented at the Capital Markets Day in June 2023.

Cinterra names Shelby Barbier Chief Operating Officer, bolstering its seasoned executive team

Retrieved on: 
Tuesday, February 6, 2024
Black, EPC, Wind, HOPE, Bagshaw, The Shaw Group, Engineering, Public utility

HOPE MILLS, N.C. and WILMINGTON, N.C., Feb. 6, 2024 /PRNewswire/ -- Cinterra (formerly Directional Services, Inc.- DSI), the nation's fastest growing utility-scale renewable energy contractor, has appointed Shelby Barbier as Chief Operating Officer.

Key Points: 
  • HOPE MILLS, N.C. and WILMINGTON, N.C., Feb. 6, 2024 /PRNewswire/ -- Cinterra (formerly Directional Services, Inc.- DSI), the nation's fastest growing utility-scale renewable energy contractor, has appointed Shelby Barbier as Chief Operating Officer.
  • Shelby will report directly to Jeff Bagshaw, Chief Executive Officer, and will lead all functional delivery teams to drive operational excellence across Cinterra's utility scale solar, renewable energy and infrastructure solution services.
  • Shelby is a respected construction industry veteran with over 30 years of experience managing and guiding integrated project teams.
  • "We are fortunate to have a proven leader of Shelby's caliber join our executive team," comments Jeff Bagshaw, Chief Executive Officer.

Kia welcomes credit rating upgrade to A3 by Moody's Investors Service

Retrieved on: 
Tuesday, February 6, 2024
Society, Kia, Movement, A3, Moody's Investors Service, CFO, Hyundai Motor Company, Public utility

SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.

Key Points: 
  • SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.
  • According to the report from Moody's, the rating upgrade reflects Kia's continued profitability and balance sheet improvements, underpinned by the company's strengthened product competitiveness and strong free cash flow generation.
  • "Kia has achieved substantial improvements in profitability through strengthened product and cost competitiveness by securing investment efficiency," said Woo Jeong Joo, Executive Vice President and CFO of Kia Corporation.
  • In the meantime, Hyundai Motor Company and Hyundai Mobis also received an upgrade of the companies' corporate rating from Baa1 with a positive outlook to A3 with a stable outlook.

Kia welcomes credit rating upgrade to A3 by Moody's Investors Service

Retrieved on: 
Tuesday, February 6, 2024
Society, Kia, Movement, A3, Moody's Investors Service, CFO, Hyundai Motor Company, Public utility

SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.

Key Points: 
  • SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.
  • According to the report from Moody's, the rating upgrade reflects Kia's continued profitability and balance sheet improvements, underpinned by the company's strengthened product competitiveness and strong free cash flow generation.
  • "Kia has achieved substantial improvements in profitability through strengthened product and cost competitiveness by securing investment efficiency," said Woo Jeong Joo, Executive Vice President and CFO of Kia Corporation.
  • In the meantime, Hyundai Motor Company and Hyundai Mobis also received an upgrade of the companies' corporate rating from Baa1 with a positive outlook to A3 with a stable outlook.