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WEC Energy Group reports solid first-quarter results

Share this article Share this article MILWAUKEE, May 3, 2021 /PRNewswire/  WEC Energy Group (NYSE: WEC) today reported net income of $510.1 million, or $1.61 per share, for the first quarter of 2021 – up from $452.5 million, or $1.43 per share, for last year s first quarter. Consolidated revenues totaled $2.7 billion, up $582.8 million from last year s first quarter. Our positive first-quarter results were driven by colder weather, economic recovery in our region and a strong focus on operating excellence, said Gale Klappa, executive chairman. Our people and our infrastructure were put to the test and performed remarkably during a bitter cold stretch in February, when temperatures in the northern portion of our service area dropped to minus 42 degrees Fahrenheit. Ongoing investments in our energy grid and our diverse fuel mix kept the economy moving and our 4.6 million customers warm and safe.

Battery storage: the next oil – and gas? [GasTransitions]

Battery storage: the next oil – and gas? [GasTransitions] Apr 14, 2021 7:15:am Summary The race for battery storage capacity is on. In countries like Australia and the US, an increasing number of ever-larger battery grid storage projects are being announced. [Gas Transitions Volume 2, Issue 3] by: Karel Beckman The race for battery storage capacity is on. In countries like Australia and the US, an increasing number of ever-larger battery grid storage projects are being announced. They are likely to increasingly replace gas-fired back-up power plants. At the same time, China, the US and Europe are in a race to build battery gigafactories to supply the growing EV market. According to Simon Moores of Benchmark Mineral Intelligence, we are on the verge of a “global lithium-ion economy”.

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