O&M

IDACORP, Inc. Announces Fourth Quarter and Year-End 2023 Results, Initiates 2024 Earnings Guidance

Retrieved on: 
Thursday, February 15, 2024

IDACORP's net income decreased $10.8 million for the fourth quarter of 2023 compared with the fourth quarter of 2022, due primarily to lower net income at Idaho Power.

Key Points: 
  • IDACORP's net income decreased $10.8 million for the fourth quarter of 2023 compared with the fourth quarter of 2022, due primarily to lower net income at Idaho Power.
  • Milder weather in the fourth quarter of 2023, when compared with the fourth quarter of 2022, caused customers to use less energy on a per-customer basis for heating.
  • Depreciation expense increased $7.2 million in the fourth quarter of 2023 compared with the fourth quarter of 2022, due primarily to an increase in plant-in-service.
  • The $17.2 million decrease in Idaho Power income tax expense in fourth quarter of 2023 compared with fourth quarter of 2022 was primarily due to plant-related tax adjustments at Idaho Power.

HEI Reports 2023 Results

Retrieved on: 
Tuesday, February 13, 2024

“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).

Unitil Reports Year-End Earnings

Retrieved on: 
Tuesday, February 13, 2024

“As we head into 2024, we remain focused on the issues that matter most — safety, reliability, affordability and financial discipline.

Key Points: 
  • “As we head into 2024, we remain focused on the issues that matter most — safety, reliability, affordability and financial discipline.
  • The increase was driven by higher rates and customer growth of $5.3 million, partially offset by higher depreciation and amortization expense of $0.6 million.
  • Electric Adjusted Gross Margin (a non-GAAP financial measure1) was $104.1 million in 2023, an increase of $5.3 million compared with 2022.
  • The Company’s earnings are seasonal and are typically higher in the first and fourth quarters when customers use natural gas for heating purposes.

EQS-News: Powering Progress: Photon Energy Commissions its 10th PV Power Plant in Romania

Retrieved on: 
Monday, February 5, 2024

Amsterdam/Bucharest – 1 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that Photon Energy Engineering Romania S.R.L.

Key Points: 
  • Amsterdam/Bucharest – 1 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that Photon Energy Engineering Romania S.R.L.
  • ‘We are pleased to announce the successful commissioning of our tenth PV power plant in Romania, marking a significant milestone for our activities in this core market,’ said Georg Hotar, CEO of Photon Energy Group.
  • The power plant is owned and operated by a special-purpose subsidiary of Photon Energy Group.
  • In the Romanian market, Photon Energy offers a wide range of solar power solutions including project development, EPC (engineering, procurement and construction) and O&M (operations and maintenance) for PV power plants.

KJTS Appointed by CENTARA Thailand for Retrofit Works and Cooling Energy Management Services

Retrieved on: 
Friday, February 2, 2024

Central Group's business sectors include retail, property development, brand management, hospitality, food and beverage sectors, and digital lifestyle.

Key Points: 
  • Central Group's business sectors include retail, property development, brand management, hospitality, food and beverage sectors, and digital lifestyle.
  • This partnership underscores KJTN Engineering's expertise and commitment to delivering innovative and eco-friendly solutions in the building support services industry.
  • The retrofit works are expected to commence on 1st February 2024 and to be completed on 30th November 2024.
  • This venture is poised to bolster KJTS's position in the market, reflecting the strategic focus on expanding the Group's services and influence across Malaysia, Thailand and Singapore.

Sungrow Launches iSolarCloud Web3.0: Simplify and Enhance Your Power Plant Management Efforts!

Retrieved on: 
Thursday, February 1, 2024

HEFEI, China, Feb. 1, 2024 /PRNewswire/ -- Sungrow, the global leading inverter and energy storage system solution supplier, has unleashed latest version of its intelligent power plant management system, iSolarCloud Web 3.0.

Key Points: 
  • HEFEI, China, Feb. 1, 2024 /PRNewswire/ -- Sungrow, the global leading inverter and energy storage system solution supplier, has unleashed latest version of its intelligent power plant management system, iSolarCloud Web 3.0.
  • It also supports remote adjustment of grid connection parameters, significantly improving the efficiency plant creation and maintenance.
  • Comprehensive Intelligent Analysis: iSolarCloud Web 3.0 optimizes three key modules - Plant Comparison, Device Comparison and Customized Comparison.
  • This redesigned interface enhances the user experience by providing easy access to critical power plant data and real-time status monitoring.

Sungrow Launches iSolarCloud Web3.0: Simplify and Enhance Your Power Plant Management Efforts!

Retrieved on: 
Thursday, February 1, 2024

HEFEI, China, Feb. 1, 2024 /PRNewswire/ -- Sungrow, the global leading inverter and energy storage system solution supplier, has unleashed latest version of its intelligent power plant management system, iSolarCloud Web 3.0.

Key Points: 
  • HEFEI, China, Feb. 1, 2024 /PRNewswire/ -- Sungrow, the global leading inverter and energy storage system solution supplier, has unleashed latest version of its intelligent power plant management system, iSolarCloud Web 3.0.
  • It also supports remote adjustment of grid connection parameters, significantly improving the efficiency plant creation and maintenance.
  • Comprehensive Intelligent Analysis: iSolarCloud Web 3.0 optimizes three key modules - Plant Comparison, Device Comparison and Customized Comparison.
  • This redesigned interface enhances the user experience by providing easy access to critical power plant data and real-time status monitoring.

Enchanted Rock Appoints Paul Froutan as Chief Operating Officer to Further Microgrid Innovation

Retrieved on: 
Wednesday, January 31, 2024

HOUSTON, Jan. 31, 2024 /PRNewswire/ -- Enchanted Rock, a leading provider of dual-purpose microgrids, announced that Paul Froutan has been appointed as Chief Operating Officer (COO).

Key Points: 
  • Froutan joined Enchanted Rock in 2022 as the Chief Technology Officer.
  • These functions, which support the industry's only vertically integrated microgrid solutions, enable Enchanted Rock to deliver unmatched power reliability for critical infrastructure.
  • Prior to joining Enchanted Rock as Chief Technology Officer in 2022, Froutan served as Chief Operating Officer and Chief Financial Officer of Xenex Disinfection Services.
  • Thais Grossi, former Chief Operating Officer, is departing after nearly eight years with Enchanted Rock.

High-Quality Charging Anywhere | Huawei Releases Top 10 Trends of Smart Charging Network 2024

Retrieved on: 
Wednesday, January 31, 2024

SHENZHEN, China, Jan. 31, 2024 /PRNewswire/ -- Huawei released the Top 10 Trends of Smart Charging Network 2024 on January 30, themed "High-Quality Charging Anywhere."

Key Points: 
  • SHENZHEN, China, Jan. 31, 2024 /PRNewswire/ -- Huawei released the Top 10 Trends of Smart Charging Network 2024 on January 30, themed "High-Quality Charging Anywhere."
  • At the event, Wang Zhiwu, President of Huawei Smart Charging Network Domain, comprehensively interpreted these trends from technology and industry perspectives.
  • As the world accelerates toward mobility electrification and carbon neutrality, Huawei released the Top 10 Trends of Smart Charging Network 2024 based on in-depth insights and aspirations for high-quality charging anywhere together with partners in the industry.
  • Huawei will continue to increase R&D and technical investments to build smart charging network solutions that are favored by vehicle owners, trusted by operators, and friendly to the grid.

EQS-News: Photon Energy Group Announces Project Sale and Development Partnership with INWE Group

Retrieved on: 
Tuesday, January 30, 2024

Photon Energy Group has sold the project development rights to its PV Project in Złoczew, Poland (2.3 MW AC) to INWE Group’s subsidiary PM PV 7.

Key Points: 
  • Photon Energy Group has sold the project development rights to its PV Project in Złoczew, Poland (2.3 MW AC) to INWE Group’s subsidiary PM PV 7.
  • Photon Energy Group and INWE Group are in advanced negotiations regarding a comprehensive partnership for the sale and development of Photon Energy Group’s small- and mid-sized Polish PV projects, which have a total capacity of up to 11.5 MW AC.
  • Amsterdam/Warsaw – 25 January 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’, the ‘Company’ or the ‘Seller’), a leading international renewable energy services provider, recently announced the signing of a sale and development agreement with PM PV 7 Sp.
  • What started with INWE Group entrusting their already operating PV power plants to Photon Energy Operations Polska for O&M services, is growing into a more comprehensive partnership,’ said Georg Hotar, CEO of Photon Energy Group.