Without effective planning, the expected surge in AI power demand could curtail the industry’s growth, hamper other sectors’ electrification efforts and possibly precipitate an energy crisis, a new report says.

Dominion Energy estimates that by the end of Q2, the cost of its 2.6 GW Coastal Virginia Offshore Wind project will increase by at least $120 million due to new tariffs.

The utility plans to tap California’s wildfire insurance fund to pay off most of the potential damages, company leaders said.

However, Exelon faces economic uncertainty “as we all navigate updated tariff policies, federal budget reprioritization and increased energy supply costs,” CEO Calvin Butler said.

With thousands of new smart-enabled solar homes joining the grid each month, Puerto Rico is building a distributed, responsive network that can help manage grid fluctuations in real time.

The additional $600 million aims to accelerate advanced manufacturing operations of its solar wafers.

“What is happening now around the project is dramatic. It is extraordinary and unprecedented,” said Equinor CEO Anders Opedal.

Battery system costs have already soared past 2023 levels, one analyst says, but insiders are cautiously optimistic for a more resilient supply chain in the longer run.

In the near term, New Jersey’s largest utility is eyeing options to help customers afford their electricity bills, which are poised to jump 17%, Ralph LaRossa said.

What if one of the most powerful tools for strengthening the grid is already in customers’ garages, basements, driveways and businesses?

Companies canceled, closed or downsized nearly $8 billion in projects in Q1.