Business

By Rod Walton Several utilities and service companies are lauded for their diversity efforts in the new, expanded Bloomberg 2020 Gender-Equality Index. Bloomberg’s index now contains 325 public companies globally, up from 230 last year. The GEI tracks financial performance of firms that report on gender issues and show commitment to supporting gender equality through...
Business

American Electric Power Co. (AEP) is one of five winners of the AEIC Achievement Award for 2019, presented by the Association of Edison Illuminating Companies, for its Byllesby Battery project. The AEIC Achievement Awards are presented annually to individuals or groups of individuals from AEIC member companies or committees who have clearly provided significant contributions...
Generators and Electrical Components

Greensmith Energy, a division of Wartsila, and American Electric Power have agreed to install a 4 MW energy storage system integrated with the Buck and Byllesby hydroelectric power plants in southwest Virginia. The integration of energy storage and software with hydroelectric generation is seen to be a world’s first hybridized system of its kind to provide ancillary services.