The US Navy & Department of Defense recently announced storage investments totalling $100m as utilities begin relying on the military to bail them out in times of crisis
Ørsted faces $1bn lawsuit in New Jersey
Danish utility Ørsted is facing a lawsuit in US state New Jersey over $1bn of financial support for the 1.1GW Ocean Wind 1 offshore wind project.
Two groups of New Jersey residents are suing the company and the US state because they said a $1bn tax break for the project contravenes state legislation that prohibits laws that benefit individual private companies. The groups, Defend Brigantine Beach and Project Our Coast NJ, have called on the court to invalidate the law.