Core Insights - Rio Tinto's Kennecott operation in Utah has entered into a 15-year virtual power purchase agreement with TerraGen to procure renewable energy from a new wind farm in Texas [1] Group 1 - The agreement aims to enhance the sustainability of Rio Tinto's operations by sourcing renewable energy [1] - The partnership with TerraGen reflects the company's commitment to reducing its carbon footprint and transitioning to cleaner energy sources [1]

Companies Are Betting On Renewable Energy. When Will It Pay Off? https://t.co/VQtDnVtIkb ...

Matt, good to have you on the program today. The first question I have is really about why San Jose is a good place for facility, a facility like this. This is some of the most expensive real estate and most expensive housing in the entire United States.Why San Jose. Well, we're in a really fortunate position in San Jose to have two gigawatts of new power coming online over the next four years. We're the only city in California with that kind of new load capacity.And this particular location is really uniqu ...

Financial Performance - Broadwind's total revenue for 3Q25 increased by 25% year-over-year to $44.2 million[10] - Gross margin decreased year-over-year to 10.2% in 3Q25[10] - Adjusted EBITDA was $2.4 million, excluding an $8.2 million gain from the sale of the Manitowoc industrial fabrication operations[10] - GAAP Net Income was $7.5 million in 3Q25, compared to $0.1 million in 3Q24[10] Segment Performance - Heavy Fabrications segment revenue increased by 43% year-over-year to $29.4 million in 3Q25[16] - Gearing segment orders increased by 261% year-over-year to $15.9 million in 3Q25[21] - Industrial Solutions segment revenue increased by 37% year-over-year to $7.9 million in 3Q25[27] Orders and Backlog - Total orders increased 90% year-over-year, driven by growth across each reporting segment[8] - Industrial Solutions segment orders and backlog increased 86% and 125% year-over-year, respectively[27] Balance Sheet and Guidance - The company received $13.5 million from the sale of the Manitowoc industrial fabrication operations[34] - Full-year 2025 revenue guidance was increased from a range of $145 to $155 million to a range of $155 to $160 million[41]

Fiscal Year 2025 Results Net income for fiscal 2025 was $106.6 million, or $1.64 per Common Unit, compared to $74.2 million, or $1.15 per Common Unit, in fiscal 2024. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA," as defined and reconciled below) increased $28.0 million, or 11.2%, to $278.0 million for fiscal 2025, compared to $250.0 million in the prior year. In announcing these results, President and Chief Executive Officer Michael A. Stivala said, "Fiscal 2025 ...

TotalEnergies is considering selling some renewable energy assets in Asia to help to reduce debt, sources say https://t.co/VqxloKAJPu ...

EDP is planning to invest up to $2 billion on renewable energy and battery projects in Asia through 2030, even as the company pulls out of some less promising markets in the region https://t.co/r9DedJ8O1F ...

Core Insights - Rising electricity prices are causing political backlash against the AI industry's data centers, with Democrats blaming the Trump administration for not addressing affordability issues ahead of the mid-term elections [2][5] - Recent election victories for Democrats in states like Virginia and New Jersey have led to promises to hold data centers accountable for rising electricity costs [3][4] Electricity Price Increases - Residential electricity prices in the U.S. increased by an average of 6% in August 2024 compared to the same period in 2023, with New Jersey seeing a 21% rise, Virginia 13%, and Georgia 5% [6] - The PJM Interconnection, which serves New Jersey and Virginia, has seen capacity costs soar from $2.2 billion in late 2022 to $16.1 billion in 2024, largely attributed to data centers [9][10] Data Center Impact - Data centers are significantly contributing to rising electricity bills, with the demand for electricity from these facilities expected to increase dramatically, adding the equivalent of a large city's worth of users annually [8][12] - The capacity market's current conditions are primarily driven by large load additions from data centers, which are expected to continue impacting household electricity costs [10][13] Political Responses - Democratic senators are criticizing the Trump administration for its energy policies, claiming they exacerbate the affordability crisis by undermining renewable energy initiatives [14][16] - The Data Center Coalition has stated its commitment to covering the full cost of energy services, suggesting a potential shift in responsibility for rising costs [17]

First megawatt-hours delivered by Sarimay Solar, a 126-megawatt solar plant in Uzbekistan Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announces the first megawatt-hours of its 126-megawatt solar power plant located in Sarimay, in the Khorezm region of Uzbekistan. This milestone marks a decisive step towards the full commissioning of the site, with construction launched in May 2024 now reaching its final stage Awarded through a public tender in December ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Good morning! Here is the latest in trending:All about Nvidia: The S&P 500 now tracks closer to the AI darling than its 500 components, while SoftBank unloaded its entire stake in the company for $5.8B.Getting confusing: In the absence of government data, ADP previously estimated that 42K jobs were added in October, but then said private payrolls fell by 11,250 each week. ...