Latest news with #interconnection
Yahoo
3 days ago
- Business
- Yahoo
Oncor has 200 GW of interconnection requests, company officials say
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Dive Brief: Oncor Electric Delivery now has some 200 GW of interconnection requests in its queue, including 186 GW of data centers, 7 GW of traditional commercial and industrial customers, 5 GW of crypto currency facilities, and 4 GW of oil and gas operations, Oncor CEO Allen Nye said during Thursday's earnings call. About 20% of the potential demand has signed contracts or is considered 'high-confidence load,' he said. Given the number of interconnection requests, Oncor could add more than $12 billion to its existing $36 billion capital plan when it revises that plan sometime next year, according to Jeffrey Martin, chairman, CEO and president of Oncor parent company Sempra. The sales of Sempra's Ecogas Mexico and a stake in Sempra Infrastructure and have drawn interest from potential buyers and financiers, Martin said. The sales are intended to raise funds for Oncor's multibillion dollar expansion. Dive Insight Sempra's pivot to a more utility-focused business model, inspired in part by the massive growth in electric demand in Oncor's service territory, should improve earnings and reduce risk for investors, Martin told analysts on Thursday. Martin announced on the call that Sempra Infrastructure, the company's development arm, has signed a nonbinding letter of intent with global investment firm KKR for the sale of 15% to 30% equity depending on the company's valuation. The Ecogas sale has also drawn interest, he said, and both sales are expected to close in mid-2026. 'It's also very important ... that we're thoughtful on the timing and use of proceeds.' Martin said. 'There's an opportunity here to improve our balance sheet and put some cushion on the balance sheet.' Sempra should see more of its earnings coming from its regulated utilities, and from Oncor and Texas in particular, in the future, Martin said. Oncor initiated service to 20,000 new properties in the second quarter alone, Nye said, and has about 1,100 new large load customers in its interconnection queue. The company already has 9 GW in new, signed interconnection agreements and has another 30 GW in requests that it considers 'high confidence load.' Morgan Stanley analyst David Arcaro noted that these figures suggested the company hasn't added any new high confidence load to its queue in the past quarter, but Nye said this was because the company updates its high confidence figures once a year when it submits those numbers to the Electric Reliability Council of Texas. On the California side of its business, Sempra CFO Karen Sedgwick said San Diego Gas & Electric has been awarded a contract for $600 million in new transmission by the California Independent System Operator — another potential addition to the company's existing capital plan. The California utility also recently completed hardening 100% of its highest-risk transmission systems against wildfire, Martin said, and hasn't been involved in a major wildfire in more than 18 years. Recommended Reading Sempra to sell Mexican natural gas business to fund transmission expansion in Texas
Yahoo
04-08-2025
- Business
- Yahoo
Grid8 Launches Free Interconnection Dashboard to Unlock Faster, Smarter Grid Access for Data Centers and Renewable Developers
PHOENIX, Aug. 4, 2025 /PRNewswire/ -- Grid8, a leader in AI-powered interconnection solutions, today announced the launch of its new Interconnection Dashboard, a free tool now available at The dashboard provides real-time visibility into interconnection queue requests across U.S. Independent System Operators (ISOs) and utilities, enabling data center operators and clean energy developers to discover where projects are being proposed, track approval progress, and plan their grid connections more effectively. The Interconnection Dashboard aggregates weekly updated data from a wide range of U.S. ISOs and utilities, standardizing it into interactive, easy-to-use visualizations. The tool provides stakeholders with a clear and transparent view of interconnection activity, helping them identify opportunities to access the grid more quickly and cost-effectively. Key features include: Queue Analytics by Geography and Technology: Explore interconnection requests mapped by county, power market, and generation type. Identify areas where projects are clustered and potential congestion risks exist. Capacity Trends Over Time: Track how interconnection capacity requests have evolved historically and by state, visualizing backlog trends and growth hotspots. Project-Level Details: Access data on individual queued projects, including location, technology type (solar, wind, energy storage, etc.), provider, status (active, withdrawn, operational), and proposed completion timelines. Data Transparency and Methodology: Grid8 gathers and processes this data weekly, ensuring accuracy, consistency, and reliability, transforming complex ISO data into clean, ready-to-use datasets. "Interconnection delays are one of the biggest bottlenecks holding back U.S. energy development and data center expansion," said Manas Pathak, CEO of Grid8. "By making this dashboard free and publicly accessible, we're providing developers with the information they need to find faster, cheaper paths to grid access and avoid costly surprises." The Grid8 Interconnection Dashboard is freely accessible at: For more information on Grid8's advanced interconnection solutions, including injection or withdrawal capacity predictions, upgrade cost predictions, and AI-optimized interconnection filings, visit Media Contact: press@ View original content to download multimedia: SOURCE Grid8 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
Digital Realty Trust's Quarterly Earnings Preview: What You Need to Know
Austin, Texas-based Digital Realty Trust, Inc. (DLR) brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. With a market cap of $58.1 billion, Digital Realty engages in the ownership, acquisition, repositioning, and management of technology-related real estate. The REIT is set to announce its second-quarter results after the market closes on Thursday, Jul. 24. Ahead of the event, analysts expect DLR to report core funds from operations (FFO) of $1.73 per share, up 4.9% from $1.65 per share reported in the year-ago quarter. Moreover, the company has matched or surpassed Wall Street's FFO projections in each of the past four quarters. Chevron Stock's 4.6% Dividend Yield and 1.67% One Month Short Put Yield Make CVX a Buy Tariff Dealine, Fed Minutes and Other Key Thing to Watch this Week SoFi Stock Is Betting on Crypto Again. How Should You Play SOFI Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full fiscal 2025, Digital Realty is expected to deliver a core FFO of $7.03 per share, up 4.8% from $6.71 per share in fiscal 2024. While in fiscal 2026, its FFO is expected to surge 7.4% year-over-year to $7.55 per share. DLR stock has gained 13.8% over the past 52 weeks, outpacing the S&P 500 Index's ($SPX) 13.4% returns and the Real Estate Select Sector SPDR Fund's (XLRE) 9.5% gains during the same time frame. Digital Realty Trust's stock prices gained 4% after the release of its impressive Q1 results on Apr. 24. Driven by strong demand across its key product segments, the company observed strong leasing and growth in cash flows. Its rental revenues for the quarter surged 7.4% year-over-year to $960.5 million, while its overall topline increased 5.7% year-over-year to $1.4 billion. Furthermore, its core funds from operations (CFFO) soared 14.3% year-over-year to $608.4 million, and its CFFO per share of $1.77 surpassed the Street's expectations by 2.3%, boosting investor confidence. The stock holds a consensus 'Moderate Buy' rating overall. Of the 28 analysts covering the stock, opinions include 19 'Strong Buys,' two 'Moderate Buys,' six 'Holds,' and one 'Strong Sell.' Its mean price target of $187.52 indicates an 8.6% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
EIB provides $1bn for Bay of Biscay electricity interconnection project
The European Investment Bank (EIB) has committed €1.6bn ($1bn) for the construction of the Bay of Biscay electricity interconnection, which will increase power exchange capacity between Spain and France. The project is part of efforts to strengthen cross-border connections and improve energy security within Europe. The Bay of Biscay interconnection, designated by the European Union (EU) as a Project of Common Interest, is being executed by Inelfe, a joint venture between Red Eléctrica and Réseau Transport d'Électricité. The project aims to connect two alternating current systems through a submarine direct current line. Conversion stations located in Cubnezais, France, and Gatika, Spain, will transform the direct current back into alternating current for integration with the respective national transmission grids. The first loan tranches totalling €1.2bn ($1bn) have been signed at the EIB headquarters in Luxembourg. The financial support complements a substantial EU grant of €578m ($666m) allocated under the Connecting Europe Facility. Together with initiatives such as Baixas-Santa Llogaia underground project and improvements to the Argia-Hernani infrastructure, the project aims to strengthen the Iberian Peninsula's integration into the EU energy market. Construction work on the project is underway and it is expected to become operational in 2028. Once active, the project will almost double the France-Spain electricity exchange capacity to 5GW while reducing carbon emissions by 600kt annually. The Bay of Biscay project aligns with broader objectives such as meeting EU interconnection targets, stipulating that member states must have at least 15% installed production capacity interconnected by 2030. "EIB provides $1bn for Bay of Biscay electricity interconnection project" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
12-06-2025
- Business
- Zawya
Egypt plans to expand electricity interconnection capacity with Jordan
Egypt is planning to issue a tender to appoint a global consultant to upgrade the electricity interconnection line with Jordan to 2 gigawatts (GW). The tender is likely to be offered during the second half of 2025, Ashraq News reported citing unnamed sources. The current capacity is 500 megawatts (MW), which is being exchanged via a 400-kilovolt submarine cable implemented in 1999, the report said. The consultant will conduct technical studies as part of the eight-country power interconnection project, which includes Egypt, Jordan, Iraq, Lebanon, Syria, Libya, Turkey, and Palestine. The project is being undertaken in coordination with Jordan, the report said. Construction is underway on a 3GW interconnection project between Egypt and Saudi Arabia at an estimated cost of $1.8 billion. (Writing by P Deol; Editing by Anoop Menon) (
