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GRI News30 articles
European Heatwave Tests Grid Stability as AC Adoption Lags
A record heatwave in Europe is boosting air-conditioner sales for Samsung, LG, Midea, and Mitsubishi Electric, but grid stress and high power prices raise concerns about energy system resilience.
FuboTV Rockets 22.5% as Short Squeeze Fears Grips Traders
FuboTV (FUBO) surged 22.5% Friday on double average volume, with short interest at 24.8% of float, intensifying short squeeze pressure despite stock being 82.5% below its 52-week high.
Power Infrastructure Stocks Surge as Grid Constraints Challenge AI Growth
GE Vernova surged 18% in a holiday-shortened week, outpacing Vertiv and Eaton, as US regulators push for faster grid connections to support AI-driven data center demand.
Entergy's Grid Upgrades Tested as Arthur's Remnants Bring Flood Risk
Entergy Louisiana's $13.5 million grid-hardening project in St. Bernard Parish is tested by Arthur's remnants, potentially avoiding $24M in storm costs.
National Grid Dips as UK Grid Reform Spurs £70bn Investment Plan
National Grid shares slipped 0.41% as investors weigh UK grid reforms that enhance long-term investment prospects but increase execution risk. The £70bn plan and upcoming AGM are key catalysts.
SoFi Holds Steady as Risk-Off Mood Grips Markets
SoFi stock holds near $16.47 in premarket as Wall Street turns defensive amid inflation concerns and geopolitical tensions.
Consumers Energy Seeks $456M Annual Rate Hike, Citing Grid Upgrades
Consumers Energy has filed for a $456 million annual rate hike that could boost residential bills by 9.8%, drawing criticism from Michigan's attorney general and consumer advocates.
National Grid Summer Aid Events Target Rising Massachusetts Power Bills
National Grid kicks off customer-assistance events in Worcester to offset summer electricity costs, pairing bill relief with grid upgrades ahead of expected high demand.
National Grid Rises on Dividend Optimism and Lower Bond Yields
National Grid shares gained 1.1% in London trade, driven by the upcoming ex-dividend date and lower bond yields. The utility is investing a record £11.6 billion in grid expansion.
Constellation Energy Rises on Grid Reliability and AI Power Demand
Constellation Energy closed at $294.07, up 12.2% for the week, after a DOE emergency order kept Eddystone units running and PJM moved up capacity procurement.
Houston Grid Woes Continue as CenterPoint Investigates Bear Creek Outages
Bear Creek residents in Houston report ongoing power outages and surges damaging appliances and medication, prompting CenterPoint Energy to investigate as hurricane season nears.
National Grid Slips Ahead of Full-Year Results After JPMorgan Target Cut
National Grid shares dropped 1.56% to 1,278p ahead of its full-year results due May 14 after JPMorgan trimmed its price target to 1,440p while maintaining an 'overweight' rating.
IREN Shares Surge as Sweetwater Data Center Connects to Texas Grid
IREN shares surged 8.37% to $49.48 after energizing its Sweetwater 1 data center in Texas, linking it to the ERCOT grid. The milestone underscores progress in AI infrastructure.
Dominion Energy Outage Resolved Amid Major Grid Investment Push
Dominion Energy has restored service following a brief outage affecting approximately 1,000 customers in Norfolk, Virginia. The incident comes as the utility is executing a massive $64.7 billion capital spending program to expand grid capacity.
SSE Executives Acquire Shares Ahead of Major Grid Investment Phase
SSE PLC disclosed that CEO Martin Pibworth and six other senior executives acquired shares through the company's all-employee plan ahead of a closed period. The move comes as SSE embarks on a £33 billion, five-year grid investment program.
UK Regulator Backs SSE's Early Grid Investment in Scotland
Britain's energy regulator Ofgem has signaled support for SSE's request for early construction funding on eight major Scottish transmission projects, potentially allowing accelerated spending ahead of final approvals.
GE Vernova Secures Major Italian Wind Contract, Expands Grid Component Plant
GE Vernova has secured a contract to supply 17 onshore wind turbines for a project in southern Italy, with deliveries starting in 2027. Concurrently, the company is investing $30 million to expand its electrification component plant near Milan.
National Grid Awards £3 Billion in Contracts for Major UK Power Link
National Grid has finalized contracts worth approximately £3 billion for its Eastern Green Link 3 project, with NKT securing a record €2.2+ billion cable order. The 680 km link aims to be operational by 2033.
GE Vernova Gains on Italian Wind Deal and $30M Grid Plant Investment
GE Vernova's stock advanced following new Italian contracts for wind turbines and grid equipment, alongside a $30 million manufacturing expansion near Milan.
National Grid Gains on £3bn Green Link Deal, Focus Shifts to Strategy
National Grid shares rose slightly in early trading following the award of nearly £3 billion in contracts for a major power link project. Market attention is now on the company's strategic execution and upcoming financial results.
National Grid Shares Slide After Outlining £70bn Investment Strategy
National Grid shares declined approximately 2.8% in early London trading after the company detailed an expanded £70 billion capital investment plan through FY31 and agreed to new regulatory price controls.
National Grid Shares Slide 3% After Unveiling £70bn Capital Plan
National Grid shares declined 2.8% to 1,361.5p in early London trading, underperforming the broader utilities sector. The drop came after the company detailed an expanded £70 billion capital investment strategy.
SSE Gains on Ofgem Grid Settlement, Eyes Full-Year Results
SSE's stock advanced following its SSEN Transmission unit's acceptance of Ofgem's RIIO-T3 regulatory settlement. Investors now shift focus to the company's upcoming full-year financial results.
SSE Gains on UK Grid Settlement, Eyes Full-Year Results
SSE's stock advanced after its SSEN Transmission business agreed to Ofgem's RIIO-T3 regulatory settlement. The company is progressing 11 major grid projects, with 75% of key consents secured.
National Grid Boosts Outlook, Unveils £70 Billion Investment Plan
National Grid shares advanced after the company increased its 2027 earnings per share growth target and detailed a significant £70 billion capital expenditure program extending to 2031.
National Grid Boosts Earnings Outlook and Unveils £70 Billion Investment Plan
National Grid's stock advanced as the company increased its 2027 adjusted EPS growth target to 13%-15% and committed to at least £70 billion in capital expenditure by the 2031 fiscal year.
SSE Shares Dip as Grid Spend and Rate Outlook Weigh on Sentiment
SSE PLC shares declined in early Thursday trading, paring recent gains as the market assessed the utility's substantial capital expenditure plans against evolving interest rate forecasts.
National Grid Shares Retreat as UK Rate Cut Expectations Intensify
National Grid shares declined in early London trading, extending losses after UK inflation slowed to 3.0% in January, bolstering expectations for a Bank of England rate cut. The utility stock remains sensitive to shifting gilt yields.
SSE Awards Major Subsea Cable Contracts in £950m Scottish Grid Upgrade
SSE has named five contractors for a framework worth up to £950 million to modernize subsea power links to Scottish islands. The utility's shares held steady near recent highs following the announcement.
National Grid Shares Dip as UK Inflation Eases, BoE Rate Cut Bets Intensify
National Grid shares declined in early trading after UK inflation data showed a slowdown to 3.0% in January, reinforcing market bets on an imminent Bank of England rate cut.