PJM planning major upgrades for grid
The upgrades will include a 500-kilovolt transmission line in North Jersey that will strengthen the regional grid, Valley Forge, Pa.-based PJM said.
It will also include changes to the approved Mid-Atlantic Power Pathway project that involves a high voltage direct current line from under the Chesapeake Bay at Calvert Cliffs, Md., to the Vienna and Indian River substations on the Delmarva Peninsula.
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Energy-hungry Europe to brighten profit at US solar equipment makers
NEW YORK - Solar equipment makers are expected to post higher quarterly profit, benefiting from strong demand in Europe for critical components that convert energy from the sun into electricity.
The continent is emerging as a major market for solar firms as it looks to reduce its dependence on the Russian energy supply and accelerate its clean energy transition, brightening up businesses of companies such as Enphase Energy (ENPH.O) and SolarEdge Technologies (SEDG.O), which make solar inverters.
Wall Street expects Enphase and SolarEdge to post a combined adjusted net income of $323.8 million for the April-June quarter, a 56.7% jump from a…
