Duke Energy Indiana Expands Clean Energy Production With Upgrades To Markland Hydroelectric Station

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And Norway, Europe’s second largest supplier after Russia, is already operating at maximum capacity. Brussels is stepping up efforts to rapidly diversify its basket of energy providers and is reaching out to other gas exporters such as the US, Norway, Qatar, Azerbaijan, Algeria, Egypt, Turkey, Japan and South Korea. Sustainability focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. However, the fund is a long-term play and could see higher returns in the future. Property Assessed Clean Energy loans are an alternative to traditional financing for making energy-efficient improvements to properties.

These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. While NuScale may elect to update these forward-looking statements at some point in the future NuScale specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing NuScale’s assessments of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Net cash used in financing activities was $145.5 million compared with $96.1 million in the prior year period, primarily reflecting equity issuances partially offset by debt repayment and refinancing. ETG added approximately 3,000 new customers over the last 12 months and now serves approximately 306,000 customers. ETG’s 1.1% customer growth rate has increased from its historic 0.9% rate, driven by increases in gas conversions from alternate fuels such as oil and propane, and new construction. SJG added approximately 6,000 new customers over the last 12 months and now serves approximately 413,000 customers. SJG’s 1.5% customer growth rate compares favorably to the peer average and remains driven by gas conversions from alternate fuels such as oil and propane, and new construction.

First quarter 2022 economic earnings were $30.5 million compared with $13.9 million in 2021. For the three-month period ended March 31, 2022, economic earnings were $149.5 million compared to $128.9 million in the prior year period. Hydropower is expected to be the dominant renewable energy source driving spending in the years ahead. Today, it is the most widely-used source of renewable energy production, accounting for about 17% of the world’s electricity. These are the alternative energy stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio.

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General Electric Co. re-entered the hydropower business in 2015, with the acquisition of France’s Alstom SA. Alstom is one of the leading producers of hydropower turbines in the world. atomic energy stocks At present, GE turbines and generators represent around 25% of the world’s installed capacity. The easiest way to play it is through the Invesco WilderHill Clean Energy ETF .

Utility entities include the regulated operations of South Jersey Gas and Elizabethtown Gas . First quarter 2022 GAAP/economic earnings were $127.2 million compared with $121.6 million in 2021. Additional information on Duke Energy’s clean energy transition can be found in the company’s annual disclosure report. Leading with transparency, the company’s 2021 Environmental, Social and Governance Report provides a better understanding of the company and its priority ESG risks and opportunities. In addition to progress on addressing climate change, the report discloses information on workforce performance metrics, environmental justice, supply chain governance and other relevant topics.

In December 2021, ETG filed a petition with the NJBPU requesting an increase of $76.6 million to its base rates. An update to this petition was filed in February 2022 updating the requested base rate revenue increase to $72.9 million. The request is based on a proposed pre-tax return on invested capital of 7.63%, with a capital structure that includes a common equity component of 54.89% and a return on common equity of 10.75%.

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It is the dirtiest of them all – responsible for over 0.3C of the 1C increase in global average temperatures – making it the single largest source of global temperature rise. Around 40 per cent of Europe’s oil and gas is imported from Russia and Germany is one of the most reliant EU states. In the same week, US President Joe Biden imposed an immediate ban on Russian oil and other energy imports and the UK said it would phase out imports by the end of 2022. A carbon credit is a permit allowing the holder to emit a limited amount of carbon dioxide or other greenhouse gases.

• Given the anticipated spending spree in the sector, investors who choose to «go green» could see their holdings grow along with the demand for energy.
• «Clean energy» is a broad umbrella that can include anything from renewables to alternative transportation technologies.
• TheDuke Energy News Centercontains news releases, fact sheets, photos and videos.
• SJG added approximately 6,000 new customers over the last 12 months and now serves approximately 413,000 customers.
• The ministers also discussed assisting Ukraine’s energy sector by accelerating a planned link of Ukraine’s electricity grid with Europe’s, which would make it more independent from Russia.
• Utility margin increased $8.9 million, reflecting customer growth and the roll-in of investments from infrastructure replacement programs.
• In order to reach net-zero carbon emissions by 2050, BloombergNEF predicts that solar and wind plants will need an average of $1.5 trillion per year between 2026 and 2030.

Germany is aiming to speed up growth of its solar energy plus onshore and offshore wind projects. Economy Minister Robert Habeck, a leading member of the Greens party, said faster expansion of renewables is the key to reducing Germany’s dependence on Russian fossil fuels. Not to be outdone, rival Siemens AG continues to focus on small-scale hydroelectric facilities. Both GE & Siemens could be strong players in the expansion of renewable energy.

The transaction was unanimously approved by SJI’s Board of Directors and is expected to close in the fourth quarter of 2022, subject to the approval of SJI’s shareholders, the receipt of regulatory approvals, including by the New Jersey Board of Public Utilities, and other customary closing conditions. Dividends payable to SJI shareholders are expected to continue in the ordinary course until the closing, subject to approval by SJI’s Board of Directors. Upon completion of the transaction, SJI’s shares will no longer trade on the New York Stock Exchange, and SJI will become a private company.

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Though we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described in our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy. This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995.

«Clean energy» is a broad umbrella that can include anything from renewables to alternative transportation technologies. Although this may not fit everyone’s definition of green energy, clean energy funds offer a convenient way to invest in a broad portfolio of energy companies. The most direct way is to identify individual companies whose businesses rely on producing alternative energy technologies. However, researching individual companies can be time-consuming, and not all such stocks are publicly traded. An easier way might be to identify a mutual fund or index fund with a large basket of green energy securities. First quarter GAAP earnings were $(0.2) million compared with $1.0 million in 2021.

First quarter 2022 GAAP/economic earnings were $88.6 million compared with $83.6 million in 2021. Utility margin increased $8.9 million, reflecting customer growth and the roll-in of investments from infrastructure replacement programs. We define utility margin, a non-GAAP measure, as natural gas revenues plus depreciation and amortization expenses, less natural gas costs, regulatory rider expenses and related volumetric and revenue-based energy taxes. Total expenses increased $3.9 million, primarily reflecting higher depreciation and interest expenses.

Given the anticipated spending spree in the sector, investors who choose to «go green» could see their holdings grow along with the demand for energy. Cute tickers aside, both the TAN & FAN have been monster winners over the last few years as both solar and wind power makers have once again returned to profitability. The TAN solar https://xcritical.com/ ETF saw gains of 61% over the three years ending in December of 2021, and FAN saw gains of around 23% in the same period. Therefore, ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter that may make one or the other figure unrepresentative of the business in general.

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The request is based on a proposed pre-tax return on invested capital of 7.77%, with a capital structure that includes a common equity component of 57.0% and a return on common equity of 10.75%. The request is predominantly driven by the significant capital investments that SJG has made since its last base rate proceeding that was resolved in 2020. Since that time, SJG has invested approximately $236 million of capital investments that are not currently reflected in rates, with an additional approximate $239 million of capital investment anticipated to be invested by February 28, 2023. «Our utility and non-utility businesses performed very well in the first quarter and we are off to a solid start toward achieving our financial goals in 2022,» said Mike Renna, SJI President and Chief Executive Officer. Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions.

A new study found South Australia’s world class renewable energy resources will give it a competitive edge in the race to supply clean hydrogen to Europe through the port of Rotterdam. Nuclear generation rose by 6 per cent in 2021 compared with 2020 and has been the largest contributor to electricity generation in Europe since 2014. The setback at the moment is that numerous nuclear power plants have reached the end of their life cycles and it is expensive to rebuild them. Green tech is a type of technology that is considered environmentally-friendly based on its production process or supply chain. Alternative energy stocks, as represented by the iShares Global Clean Energy ETF , have underperformed the broader market, posting a total return of -8.4% compared to the Russell 1000’s total return of 6.4% over the past 12 months.

The force of the river’s current pushes against and turns the runner blades of each of the three large hydroelectric turbines housed inside a 150-foot-high concrete dam that spans the breadth of the river. Each turbine weighs approximately 180 tons, with each blade stretching 27 feet in length. The movement of the turbines spins a generator shaft that, in turn, produces electric power.

Retail Services first quarter 2022 GAAP earnings were $1.5 million compared with $0.6 million in 2021. First quarter 2022 economic earnings were $1.3 million compared with $0.6 million in 2021, reflecting improved contributions from consulting activities, meter reading and appliance service contract fees. Wholesale Services first quarter 2022 GAAP earnings were $13.6 million compared with $13.1 million in 2021. First quarter 2022 economic earnings were $29.2 million compared with $13.3 million in 2021, primarily reflecting more robust asset optimization opportunities as compared with the year ago period.

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TheDuke Energy News Centercontains news releases, fact sheets, photos and videos. Duke Energy’silluminationfeatures stories about people, innovations, community topics and environmental issues. “Today I’m announcing the United States is targeting the main artery of Russia’s economy.

Duke Energy Indiana Expands Clean Energy Production With Upgrades To Markland Hydroelectric Station

Both the Invesco Solar ETF and First Trust ISE Global Wind Energy ETF make adding their respective sectors a breeze. Emerging markets saw record increases in climate investments, led by the Asia-Pacific region with $368 billion. However, those investments will have to continue growing over the next decades. In order to reach net-zero carbon emissions by 2050, the worldwide investment will have to triple over the next few years. Driven by emerging economies and developing nations, total worldwide energy usage is expected to grow by nearly 50% by 2050. At the same time, scientists are sounding the alarms about rising temperature levels, caused by carbon dioxide and other greenhouse gases.

These are the alternative energy stocks that had the highest total return over the past 12 months. The upgrades included replacing turbine runner hubs and runner blades with a more efficient design. The company also replaced a number of other parts and components, including discharge rings, wicket gates, generator rewinds, generator excitation controls and relay protection, station controls, intake and draft tube gates and the main power transformer. Crews also overhauled the high- and low-voltage electrical distribution systems at the station. With the completion of these equipment upgrades, Markland Hydroelectric Station can now generate up to 65 megawatts of renewable, carbon-free energy, depending on the flow of the river, which is enough to power 52,000 homes. The facility’s annual energy output has increased by 39 gigawatt hours per year.

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The request is predominantly driven by the significant capital investments that ETG has made since its last base rate proceeding that was resolved in 2019. Since that time, ETG has invested approximately $215 million of capital investments that are not currently reflected in rates, with an additional $175 million of capital investment anticipated to be invested by September 30, 2022. In April, SJG filed a petition with the NJBPU requesting an increase of $73.1 million to its base rates.

«By embracing new advancements in technology and innovation, we’re able to expand clean energy production for our customers while also maintaining the reliable service they expect.» The Infrastructure Investment and Jobs Act, signed by President Biden on Nov. 15, 2021, allocates $65 billion to improving America’s power infrastructure, which includes the single largest investment in clean energy transmission in the history of the U.S. Energy Management includes Wholesale Services (Fuel Management/Marketing) and Retail Services (Account Services/Energy Consulting). First quarter 2022 GAAP earnings were $15.1 million compared with $13.7 million in 2021.

The $270 million ETF tracks some 124 different “green” energy firms as of March 2022, including stalwarts like Canadian Solar Inc. and First Solar, Inc. . Global investment in transitional technologies reached $755 billion in 2021. Green investing consists of investment activities that focus on companies or projects committed to the conservation of natural resources.