Xcel Energy Sticks to Robust Outlook for Renewables as Wind Fuels Growth
Industry Segment: Power | Word Count: 655 Words
Attachment: Xcel2Q21
SUGAR LAND July 30, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) continued to ride the wave of an economic recovery in the second quarter, as its revenues and profits steadily improved. The company brushed aside concerns about inflation in its quarterly earnings presentation and pointed to its ongoing buildout of renewable and low-carbon power generation. Industrial Info is tracking more than $6 billion in active projects from Xcel, including nearly $1 billion worth under construction.
Renewables Dominate Planned Third-Quarter Power Project Starts in Rocky Mountains Region industrialinfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from industrialinfo.com Daily Mail and Mail on Sunday newspapers.
U.S. Utilities Rev Up Transmission & Distribution Spending in Third Quarter
Industry Segment: Power | Word Count: 705 Words
Attachment: US-T&D-3Q21
SUGAR LAND May 28, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Across the U.S., major utilities are investing more in adding and improving their electric distribution systems, according to the U.S. Energy Information Administration (EIA), including a record $57.4 billion in 2019. These investments are outpacing customer growth and retail sales, as utilities are increasingly focused on replacing outdated equipment and fortifying distribution structures against weather-related damage. And the buildout continues: Industrial Info is tracking more than $4.3 billion worth of transmission and distribution (T&D) projects that are slated to kick off across the U.S. in third-quarter 2021, more than $2.8 billion of which is attributed to projects in the Midwestern and Southwestern regions.
ENGIE Eyes U S Renewables Market as Part of 80 Gigawatt Power Plant Buildout industrialinfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from industrialinfo.com Daily Mail and Mail on Sunday newspapers.
Transmission Access Drives Development of Renewable Projects at Coal, Nuclear Sites
Industry Segment: Power | Word Count: 1079 Words
SUGAR LAND, TEXAS May 12, 2021 Written by John Egan for Industrial Info Resources (Sugar Land, Texas) NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) in late-March announced plans to build a 690-megawatt (MW) solar power plant adjacent to its closed Duane Arnold nuclear plant in Iowa. A few weeks later, Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) said it was partnering with National Grid Renewables (Bloomington, Minnesota) to build a 460-MW solar power plant on the site of its soon-to-be closed Sherco coal-fired power plant in Minnesota.