The energy parks would provide a much-needed reliable source of power as aging U.S. grids struggle to meet demand from artificial intelligence and electrification of homes, vehicles and factories.
If state regulators approve the settlement, it’ll also apply to new industrial customers with large electric loads.
The proposed battery farm would store electricity during times when there’s excess power on the grid and then discharge the energy back into the grid during times of peak demand.
Both tech giants are seeking new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence.
Citizens Action Coalition of Indiana said the huge new data centers planned in the state could lead to skyrocketing utility bills while providing few jobs relative to their energy consumption and the incentives they receive.
One Indiana utility company earned top marks and another pair nabbed no points in a national clean-energy assessment by the left-leaning Sierra Club.
A group of Republican governors are pushing back against clean energy mandates—and Indiana Gov. Eric Holcomb has joined the effort.
From a potential congestion standpoint, the U.S.’s charger-to-EV ratio is one of the worst in the world.
The investment would make AES Indiana the first utility in Indiana to abandon the use of coal as a fuel source, if state regulators agree, the company said.
Duke Energy Indiana, the state’s largest electric utility, in April filed a request with state regulators for permission to raise rates by about 16% over two years.
In the five years since lawmakers approved generous financial incentives specific to data centers, eight have located in Indiana. Four announcements have come in the last six months alone.
Longtime business partners Robert Laikin and Larry Paulson, who made their fortunes in the cellphone industry, are turning their sights to manufacturing high-density batteries for industrial uses.
If approved by the Indiana Utility Regulatory Commission, AES Indiana would be on its way to becoming the first Hoosier investor-owned electric utility to stop burning coal, according to Indiana Utility Report.
State Rep. Cindy Ledbetter introduced the bill this month, saying utilities are moving too fast to retire and replace generating capacity that might be needed as demand for electricity grows.
Indiana lawmakers passed a law in 2022 that would allow electric utilities to build small modular reactors similar to the one called off by NuScale.
Duke Energy Corp.’s $3.5 billion Edwardsport plant was costly to build because of its ability to produce gas from coal. But the plant generated all of its electricity from natural gas in April, May and June.
State and not-for-profit utility consumer advocates have asked state regulators to investigate the utlity after a recent storm left some customers without power for nearly a week.
The Environmental Protection Agency’s new rule—released last week—would extend monitoring, closure, and cleanup provisions to certain landfills, ponds and other sites for the first time.
The controversial bill would give state utilities the right of first refusal to build, own and operate new transmission lines in their service area, avoiding competitive bidding from outside companies.
Indianapolis-based utility AES Indiana has agreed to reduce the amount it will charge customers for costs related to the breakdown of its newest power plant from $71 million to $13.7 million under a settlement agreement approved Wednesday by state regulators.
