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A $5B loan guarantee for a long-range transmission project may be Elon Musk’s next target

Missouri Attorney General Andrew Bailey has asked the Department of Government Efficiency (DOGE) and Elon Musk for an “immediate investigation” into the Grain Belt Express…

4 min read

Business News Policy & Regulation

Power Grid

Making the most out of the grid we’ve got: Siemens Energy dives into digitalization with AI, dynamic line ratings, and grid-enhancing tech

Adnan Chaudhry, the senior vice president of digital grid at Siemens Energy, shares how AI and grid-edge sensors are changing the role of electric utilities.

9 min read

Grid Modernization News Power Grid

Renewables

NextEra CEO warns against scorning renewable generation amidst long lead times for gas and nuclear development

John Ketchum, the CEO of NextEra Energy, underscored the importance of renewable generation at CERAWeek by S&P Global.

5 min read

News Policy & Regulation Solar

Renewables

US Energy Secretary trashes renewables, ‘quasi-religious’ climate policies at CERAWeek

U.S. Energy Secretary Chris Wright told a gathering of global energy and finance leaders that wind and solar PV are driving up electricity prices and…

5 min read

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Renewables

With IRA tax credits in the crosshairs, 21 House Republicans urge leadership to keep them in place

Twenty-one House Republicans have signed a letter advocating to keep the clean energy tax credits from the Inflation Reduction Act (IRA), threatening to oppose the…

4 min read

Oil companies are dropping renewable goals â and more importantly, expanding fossil fuels

And that could drive an emissions spike.

5 min read

Business News Policy & Regulation

Wisconsin builds on solar goals with new farm

Americaâs Dairyland has made great strides in installing utility-scale solar the last couple of years.

3 min read

News Solar Utility Scale

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Texas distributed energy startup wrangles its first utility partner

Base Power has partnered with Bandera Electric Cooperative to support an innovative home battery program that promises to enhance grid performance and resiliency.

3 min read

Battery Energy Storage News

The first ‘Made in America’ solar module supply chain has been established, but killing the CHIPS Act might break it

Suniva, Heliene, and the majority owner of Hemlock Semiconductor are joining forces to offer a solar module with the most domestic content available on the…

5 min read

Business News Solar

Hydropower

BPA announces intention to split with California and join new Southwest energy market

The Northwestâs largest hydropower supplier announced it intends to join a new day-ahead energy market based in Arkansas over one based in California

7 min read

Business Hydropower News

Canadian electricity company to refurbish and expand hydro stations across Northern OntarioÂ

Ontario Power Generation says refurbishing and expanding hydroelectric stations will secure up to 830 MW of electricity in the North.

3 min read

Dams & Civil Structures Hydropower News

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‘A really dumb idea’: Trump tariffs threaten the grid as Ontario Premier reaffirms promise to cut off electricity to the US

New tariffs levied by President Donald Trump may threaten the affordability and availability of imported Canadian hydropower.

8 min read

Hydropower News Policy & Regulation

Iberdrola EspaÃ±a commissions first pumping station at ValdecaÃ±as pumped-storage project in Spain

Iberdrola EspaÃ±a has commissioned the firstÂ pumping stationÂ set at ValdecaÃ±as, in CÃ¡ceres, Extremadura, which has aÂ total capacity of 225 MWÂ and includes a hybridized battery of 15…

2 min read

Energy Storage Hydropower News

Scatec completes sale of its African hydropower assets to TotalEnergies for $167M

The sales agreement includes the operating 255 MW Bujagali hydropower plant in Uganda, and a development portfolio consisting of the 361 MW Mpatamanga in Malawi…

2 min read

Business Hydropower News

Power Grid

National Grid’s Jesse Harvey on harnessing the next wave of smart meters: AMI 2.0

Jesse Harvey, Director – Head of AMI – MA, National Grid, will speak on implementing AMI 2.0 strategies at DTECH (formerly known as DISTRIBUTECH) convening…

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Grid Modernization Power Grid Smart Grids

Florida is seeing record amounts of new solar installations. How is Duke Energy prepping the grid of the future?

Duke Energy has plenty to share about the distribution grid of the future, DER management, and more at DTECH (formerly known as DISTRIBUTECH), convening from…

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News Power Grid Solar

Ann Arborâs sustainable energy utility aims to build the electric power grid of the future â alongside the old one

An experiment is underway in Ann Arbor, Michigan, that could change how communities generate and distribute power in the future.

6 min read

Energy Storage News Power Grid

Illinois’ utilities are juggling DER integration, increasing electrification, generative AI, and more. Hear about it all at DTECH

Representatives from ComEd, and its parent company Exelon, will be featured in dozens of sessions stretching across the week of DISTRIBUTECH.

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Business Electric Vehicles News

California utility exploring innovative microgrids, seeking collaboration on wildfire resilience strategies

PG&E’s Renata Bakousseva chats with Factor This content director Paul Gerke about what PG&E is working on ahead of DTECH in Dallas, Texas.

2 min read

Microgrids News Outage Management

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Power Grid

Realizing autonomous energy systems with generative AI Tackling an increasingly complex energy grid with minimal human intervention

This panel will explore the intersection of generative AI (GenAI)and autonomous energy systems (AES) in tackling increasingly complex energy landscapes. As renewable energy sources, electric…

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Mar 26

Power Grid

How Alectra Energy Solutions and Caterpillar helped a Large Manufacturer Solve Their Rising Energy Costs Through Assets, Technology and Financial Structuring.

March 26th 2ET- Join Caterpillarâs Stephanie Baughman and Dean Musser as they shine the spotlight on a project that did just that, bringing together the expertise of an equipment and technology provider and a local utility affiliate to deliver near-term and future energy cost savings to a large industrial customer.

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Power Grid

Modern Grid Operationsâ Dependence on Advanced Planning

The electric grid is becoming increasingly complex with higher penetrations of distributed energy resources (DERs), hyperscaling demand driven by large loads from the use of…

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Chinook Therapeutics, Inc. (Nasdaq – KDNY), Franchise Group, Inc. (Nasdaq – FRG), CIRCOR International, Inc. (NYSE - CIR), Greenhill & Co., Inc. (NYSE – GHL)

By: Brodsky & Smith LLC via GlobeNewswire

June 12, 2023 at 10:00 AM EDT

BALA CYNWYD, Pa., June 12, 2023 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

Chinook Therapeutics, Inc. (Nasdaq – KDNY)

Under the terms of the agreement, Chinook will be acquired by Novartis AG. Under the terms of the Agreement, Novartis will acquire Chinook for $40 per share in cash, or a total of $3.2 billion. In addition, Chinook shareholders will receive contingent value rights providing for payment of up to $4 per share upon the achievement of certain future regulatory milestones with respect to Chinook’s lead product candidate, atrasentan. The investigation concerns whether the Chinook Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Novartis AG is paying too little for the Company.

Additional information can be found at https://www.brodskysmith.com/cases/chinook-therapeutics-inc-nasdaq-kdny/ .

Franchise Group, Inc. (Nasdaq – FRG)

Under the terms of the Merger Agreement, Franchise Group will be acquired by members of the senior management team of Franchise Group in financial partnership with a consortium that includes B. Riley Financial, Inc. and Irradiant Partners. The buyers will acquire approximately 64% of the Company’s issued and outstanding common stock that the management team does not presently own or control. Franchise Group common stockholders, other than the referenced management team, will receive $30.00 in cash for each share of Franchise Group common stock they hold. The transaction has an enterprise value of approximately $2.6 billion, including the Company’s net debt and outstanding preferred stock. The investigation concerns whether the Franchise Group Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the buyers are paying too little for the Company. For example, the deal consideration is below the 52-week high of $44.25 for the Company’s shares.

Additional information can be found at https://www.brodskysmith.com/cases/franchise-group-inc-nasdaq-frg/.

CIRCOR International, Inc. (NYSE - CIR)

Under the terms of the agreement, CIRCOR will be acquired by investment funds managed by KKR. CIRCOR shareholders will receive $49.00 in cash for each share of CIRCOR common stock they own. The investigation concerns whether the CIRCOR Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether KKR is paying too little for the Company.

Additional information can be found at https://www.brodskysmith.com/cases/circor-international-inc-nyse-cir/.

Greenhill & Co., Inc. (NYSE – GHL)

Under the terms of the agreement, Greenhill will be acquired by Mizuho Financial Group, Inc. (NYSE - MFG) in an all-cash transaction at $15 per share, reflecting an enterprise value of approximately $550 million, including assumed debt. The investigation concerns whether the Greenhill Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Mizuho Financial Group is paying too little for the Company.

Additional information can be found at https://www.brodskysmith.com/cases/greenhill-co-inc-nyse-ghl/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Chinook Therapeutics, Inc. (Nasdaq – KDNY), Franchise Group, Inc. (Nasdaq – FRG), CIRCOR International, Inc. (NYSE - CIR), Greenhill & Co., Inc. (NYSE – GHL)