The United States Court of Appeals for the Third Circuit in Philadelphia upheld a ruling from the Federal Energy Regulatory Commission that retains rules by grid operator PJM.
The legal battle stemmed over fossil fuel power plant operators claiming the rules made their plants uncompetitive with renewable solar and wind projects getting state incentives.
Caroline Reiser senior staff attorney at the Natural Resources Defense Council, said the decision “eliminates...
Dover-based Chesapeake Utilities Corporation completed of the acquisition of Florida City Gas, which is now a wholly-owned subsidiary of the company.
This $900 million-plus transaction represents an expansion of Chesapeake Utilities' footprint in a high-growth market in five of the top 10 most populous counties in the Sunshine State. It will double Chesapeake Utilities' customer...
Sila Services, LLC has acquired Burns & McBride Home Comfort, New Castle.
Founded in 1949, Burns & McBride provides heating and cooling services to residential customers in Delaware, Pennsylvania, and Maryland. Terms of the sale were not announced.
"We are excited to welcome the distinctive leaders and world-class team members of Burns & McBride into the Sila Services...
Ashland plans to spin off a business and take other actions to deal with softer markets for its chemical offerings.
Ashland, like other chemical companies, is seeing customers destocking inventories, perhaps due to softer conditions or easing supply chain issues.
Ashland is based near Wilmington.
Ashland announced it will sell its nutraceuticals business and take other steps in dealing with market...
The Chemours Company is expanding production of Chemours HFC-152a by approximately 20 percent. The expansion will come at the company’s manufacturing facility in Ingleside, Texas, 20 minutes outside of Corpus Christi, with completion expected by mid-2024.
Chemours is based in Wilmington and has a research center in Newark.
HFC-152a is used in various personal care, household, industrial, and construction applications....
Jeweler Kendra Scott has opened its newest store at Christiana Mall.
The 2,544-square-foot store, it's first in Delaware, features a new store design concept. The store will showcase the brand’s Color Bar and an on-site engraving machine, offering shoppers the option of creating customized jewelry in minutes.
Worn by celebrities including Hailey Bieber, Camila Cabello, Mindy Kaling, Zendaya, and Kelly Clarkson,...
DuPont on Monday held an opening ceremony for its new DuPont Kalrez manufacturing site, Newark.
The plant will meet growing global customer demand from the semiconductor and industrials sectors, according to the company. Kalrez elastromers are used in sealing processes in electronics, energy and other applications.
The new facility, the Tralee Park Annex, was officially inaugurated with a ribbon-cutting...
Prelude Therapeutics Incorporated announced a multi-year, multi-program partnership with Canada-based ABCellra to discover, develop, and commercialize potentially treatments for patients with cancer.
“By leveraging our combined capabilities and expertise in rapidly discovering and advancing novel candidates into the clinic, this collaboration provides an opportunity to build a pipeline of first-in-class ADCs targeting clinically validated pathways in oncology,” said Kris Vaddi, CEO of Prelude.
Under the...
(Photo of Bloom Newark site)
Bloom Energy is trimming the size of its California staff, although the fuel cell maker appears to be hiring in Delaware.
The company based in San Jose, CA indicated in California filings in the past couple of months that is is laying off 119 workers in all areas of the company.
In addition to its headquarters, Bloom...
Dover-based Chesapeake Utilities Corporation higher earnings in the third quarter.
In the third quarter of 2023, the company's adjusted net income, which excludes transaction-related expenses for the announced acquisition of Florida City Gas was $12.2 million, compared to $9.7 million reported in the third quarter of 2022.
Earnings for the third quarter of 2023 were driven by continued pipeline expansion...
Government officials announced a $50 million Port Infrastructure Development Program grant from the U.S. Department of Transportation to Diamond State Port Corporation for the Port of Wilmington’s Edgemoor terminal expansion.
The funding comes after Diamond State changed port operators from GT USA, a company based in the United Arab Emirates to Entstructure, a U.S. company. GT had a rocky tenure...
Wilmington-based Noramco - a global active pharmaceutical ingredients (API) manufacturer specializing in controlled substances - completed the acquisition of the Cambrex Drug Product Business Unit, previously known as Halo Pharmaceuticals.
This acquisition will provide customers of Noramco and its subsidiary Purisys with additional service options such as drug product formulation development, clinical and commercial drug product manufacturing, and...
Dover-based Chesapeake Utilities Corp. has offered an overview of its involvement as an anchor partner with the Mid-Atlantic Clean Hydrogen Hub (MACH2).
MACH2 was one of seven regional hydrogen hubs selected to receive an allocated share of the $7 billion in Bipartisan Infrastructure Law funding to accelerate the market for hydrogen in the United States. MACH could receive $750 million...
Incyte is on its way to becoming a pharmaceutical company with $4 billion in annual revenues.
Zacks reported Incyte earnings were slightly above estimates, with revenue below estimates.
Third-quarter revenue totaled $919 million. Net income for the quarter was $171.3 million.
"Our double-digit revenue growth during the quarter was driven by sustained performance of Jakafi (ruxolitinib) and an increasing contribution from Opzelura (ruxolitinib) with continued...
The Chemours Company a global chemistry company with market positions in Titanium Technologies (“TT”), Thermal & Specialized Solutions (“TSS”), and Advanced Performance Materials (“APM”), posted lower sales and earnings.
Zacks reported earnings came in below its forecasts.
Chemours is based in Wilmington and has a research center in Newark.
Markets have weakened in the chemical industry due in part to the "destocking"...
