Latest news with #midAtlantic
Bloomberg
6 days ago
- Business
- Bloomberg
ArcLight Betting About $5 Billion on New Gas-Fired Power Plants
ArcLight Capital Partners acquired electricity developer Advanced Power with a plan to build 20 gigawatts of natural gas-fired plants in the US mainly to feed power-hungry data centers. It says it may invest about $5 billion over the next 5 years. ArcLight said the plants — capable of producing enough energy to power 16 million homes — can be brought online in 2 to 7 years. The company also intends to build solar and batteries, and will focus on grids stretching from the mid-Atlantic to the Midwest, Texas and the desert Southwest.
Associated Press
7 days ago
- Sport
- Associated Press
Pivot® Performance Turf Launches in New Jersey
MORRIS PLAINS, N.J., July 23, 2025 /PRNewswire/ -- Athletic Fields of America (AFOA), A TenCate Company, has completed several installations of Pivot® Performance Turf across New Jersey, introducing this revolutionary product to the mid-Atlantic region. Pivot is the latest innovation in artificial turf. It is intentionally engineered to provide athletes with the feel and performance of natural grass—without the use of black crumb rubber infill. Recent installations include Pivot fields at All Wars Memorial Park in Linwood and Sabella Park in North Brunswick. 'Pivot Performance Turf has been a powerful investment in our community,' said Eric Ford, Councilman for Linwood. 'We've been impressed with the natural grass-like experience it delivers and how it's been holding up to all of the nonstop play our teams have put it through. It was a game-changer for our community.' The Sabella Park project also involved extensive groundwork to repair a sinkhole prior to turf installation. 'We've had a great experience collaborating with AFOA on this project for Sabella Park,' said Robert Bongiovi, Parks & Playgrounds Manager for North Brunswick. 'The team efficiently managed the field replacement, and we couldn't be more delighted with the Pivot turf they've installed. Pivot is truly in a league of its own compared to other products I considered for the project, and the performance has been spectacular for our athletes.' Additional completed projects include Van Brunt Field at Montclair Kimberly Academy in Montclair and Grekoski Park in South River. 'The continued adoption of Pivot across the country is extremely gratifying,' said Joe Fields, CEO and President of TenCate Americas. 'Our global team spent countless hours developing a best-in-class product, and I'm excited that more athletes will benefit from Pivot.' AFOA will continue installing Pivot fields across New Jersey this summer including South Hunterdon Regional High School in Lambertville and Mount Olive High School in Flanders. Additional Pivot field installations are scheduled for Ardsley High School and Brewster High School in New York later in 2025. About TenCate Grass At TenCate Grass, we design and deliver the future of turf. With over 300 years of expertise and nearly 5,000 employees worldwide, we're a truly global company with strong local roots. We offer high-performance, turf systems for sports, landscaping, and outdoor living across more than 60 countries. Fully vertically integrated, we manage everything from R&D to recycling, working hand-in-hand with trusted local partners who bring deep expertise and on-the-ground insight. Whether it's a world-class stadium or a community field, we deliver surfaces that perform, last, and support vibrant, active lives. For more, visit Contact: Erica Rumpke, [email protected], 513-484-6795 View original content to download multimedia: SOURCE TenCate Grass Americas
Yahoo
23-07-2025
- Business
- Yahoo
AI Boom Leads to Record Costs on US Grid and Call for New Plants
(Bloomberg) -- Businesses and households served by the largest US power grid will spend a record $16.1 billion to ensure electricity supplies — a result that prompted immediate calls from utilities and energy groups to build more generation amid the AI frenzy. Why the Federal Reserve's Building Renovation Costs $2.5 Billion Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital The payouts to generators and other suppliers topped last year's record $14.7 billion, according to PJM Interconnection LLC, which operates the grid stretching from the Midwest to the mid-Atlantic. That raises the capacity price per megawatt each day to $329.17 from $269.92. The AI boom is driving the biggest surge in electric demand in decades, leading to soaring utility bills and disagreement over which power resources are best equipped to satisfy those needs. While the power industry is coalescing around new plants as a way to alleviate potential shortfalls — and to make money — such efforts would also risk adding to consumer costs at a time when politicians are sensitive about energy inflation. 'It literally tells you we are out of generation,' said Sean Kelly, a former power trader and chief executive officer of power forecasting firm Amperon Holdings Inc. 'It's good for traders, it's good for asset owners, it is not good for consumers.' The shares of independent power producers Constellation Energy Corp., Talen Energy Corp., NRG Energy Inc. and Vistra Corp. gained in late trading in New York on Tuesday. The results of PJM's auction — which secures a year of electricity supplies starting in June 2026 — may add 1.5% to 5% to consumer electricity bills, according to Executive Vice President Stu Bresler. 'Customers are frustrated by high energy costs and I share their frustration,' Calvin Butler, chief executive officer of utilities owner Exelon Corp., said in an emailed statement. The capacity auction has a compounding impact on customers as rising demand, shrinking supply and aging infrastructure add to costs, Butler said. To address the shortage, Exelon has proposed building power plants instead of only buying supply from others in the capacity auction, and then passing those costs directly to ratepayers. Impact of data centers David Lapp, Maryland's People's Counsel, pointed to data centers as the culprit behind another record auction: 'Residential customers will continue to bear unreasonably high prices to support actual and projected power demands from data centers owned by some of the world's biggest corporations.' In a statement Tuesday, Lapp said he expects many Maryland residents to see slight bill increases, though some may see small declines. While PJM didn't specify how much of the projected demand increase was tied to AI, Bresler said in a media briefing Tuesday that 'the majority of the demand increase you saw was large loads and data center additions.' After the auction, PJM's contracted power mix will include 45% natural gas, 21% nuclear, 22% coal, 4% hydro, 3% wind and 1% solar. And although the grid operator has approved about 46 gigawatts of new power supplies for grid connection — mainly renewables and batteries — those haven't been built because of financing, permitting and supply chain delays. The results of the auction come amid a debate over older fossil-fuel plants that had been expected to retire. The Trump administration has already moved to keep plants afloat, contending that they're needed for grid reliability, while also phasing out tax credits for renewables. Yet, with those subsidies expiring at a time of record auction prices, solar and wind developers will likely try to build everything they can in the next two years, according to Kelly. 'We are going to see a lot of renewable generation before the end of 2027,' he said. Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
22-07-2025
- Business
- Bloomberg
AI Boom Keeps Key Power Costs at Record on Largest US Grid
By Updated on Save Business and households supplied by the largest US grid will pay $16.1 billion to ensure there is enough electricity supply to meet soaring power demand, including that from a massive buildout in AI data centers. The payouts to generators for the year starting June 2026 topped last year's record $14.7 billion, according to PJM Interconnection LLC, which operates the grid stretching from the Midwest to the mid-Atlantic. That puts the capacity price per megawatt each day at $329.17 from $269.92.
Wall Street Journal
22-07-2025
- Business
- Wall Street Journal
U.S. Mid-Atlantic Factory Activity Contracts at Fastest Rate This Year
Manufacturing activity in the mid-Atlantic region this month deteriorated unexpectedly, driven by lower readings for shipments and new orders as trade uncertainty persisted. The Fifth District Survey of Manufacturing Activity's index for July sank sharply to minus 20 from minus 8 in June, the Federal Reserve Bank of Richmond said Tuesday. A consensus of economists polled by The Wall Street Journal expected it instead to inch up to minus 6.5.
