Utilities News

KETCHIKAN, Alaska--(BUSINESS WIRE)--Alaska Power & Telephone Company to Receive $4.6m in BEAD Grant Funds for Fiber Optic Buildouts...

HOUSTON--(BUSINESS WIRE)--Rhythm Energy announced it will expand its Texas offerings to small commercial customers to bring new cost savings opportunities....

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("NFE" or the "Company") today announced that it has entered into a Restructuring Support Agreement ("RSA") with its creditors as part of a consensual UK Restructuring Plan ("UK RP"), in what is expected to be one of the largest consensual UK RP restructuring transactions ever completed. Through the UK RP process, creditors will exchange NFE debt for a combination of debt, common and preferred equity. The transaction is expected...

NEW YORK & RIO DE JANEIRO--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("NFE") today announced it will separate its Brazilian operations into an independent, standalone energy platform (“BrazilCo” or “the Company”) as part of NFE’s broader recapitalization transaction (the “Transaction”) to be implemented via consensual UK Restructuring Plan (“UK RP”). This separation is expected to position BrazilCo for continued growth while strengthening Brazil’s energy infrastructure and securit...

SANTA CLARA, Calif.--(BUSINESS WIRE)--Hitachi combines industry expertise in energy, physical AI, automation, and control architecture to accelerate AI Factory digital twin development....

BOSTON--(BUSINESS WIRE)--Velotic™ today announced its launch as a leading independent industrial software company, uniting multiple trusted platforms to advance a new era for industrial and manufacturing technology. The formation of Velotic coincides with the closings of TPG’s previously announced acquisitions of Proficy, the former manufacturing software business of GE Vernova, and PTC’s former industrial connectivity and Internet of Things (IoT) businesses. Backed by TPG, Velotic delivers a l...

HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea™ joint venture has been awarded a multi-well, integrated engineering, production, and construction (EPC) contract by China National Offshore Oil Corporation (CNOOC). The contract encompasses 20 wells and covers the delivery of integrated subsea production systems for the deepwater Kaiping 18-1 field development in the South China Sea. Under the contract, SLB OneSubsea will deliver stand...

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Liquified Solutions, a leading data-driven water management platform for commercial real estate owners and operators, today announced a new strategic partnership with Curator Hotels & Resorts, a premier collection of independent lifestyle hotels and resorts. The partnership provides Curator members with a turnkey Water Efficiency Program that reduces water and sewer expenses, delivering immediate improvements to Net Operating Income (NOI) and increasin...

NEW YORK--(BUSINESS WIRE)--Hadron Energy, Inc. ("Hadron" or the "Company") today announced the signing of a non-binding Memorandum of Understanding ("MOU") with Paragon Energy Solutions, a Mirion Technologies Company ("Paragon"), establishing a framework for collaboration on the design, development, and implementation of the Instrumentation & Control ("I&C") architecture for Hadron's Halo Micro-Modular Reactor ("MMR") program. Under the MOU, Paragon will support the development of the H...

IDAHO FALLS, Idaho--(BUSINESS WIRE)--Oklo Inc., (NYSE: OKLO) (Oklo), an advanced nuclear technology company, today announced that the U.S. Nuclear Regulatory Commission (NRC) has issued a materials license to Oklo’s wholly owned subsidiary Atomic Alchemy to handle, process, and distribute isotopes. This is Oklo’s first NRC-issued license and supports the transition from design and planning to real-world execution and progress. The license, granted to Atomic Alchemy after NRC review and onsite i...