The money is expected to be used to buy equipment mounted on the poles that will act like circuit breakers and allow the grid to rebalance more quickly following outages.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, News
Sam Bankman-Fried’s lawyer pokes holes in witness Nishad Singh’s story on FTX spending
On the witness stand, Nishad Singh frequently said he disapproved of Sam Bankman-Fried’s actions, but didn’t always take action.
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Posted inBusiness, Nation / World, News
Biden’s 2030 wind goal looks like it simply won’t happen
After a series of setbacks, from sobering cost revisions to billions in possible impairment charges, the U.S. offshore wind industry’s 2030 generation goal now looks further away than ever.
Posted inArts & Entertainment, Business, Uncategorized
Fugees rapper says lawyer’s use of AI helped tank his case, pushes for new trial
The Grammy-winning rapper’s trial was touted as the first time generative AI was used in a federal trial in a news release from the startup company that designed the system.
Posted inBusiness, Nation / World
China owns the EV supply chain. Now it wants to sell you a car.
After gaining a dominant hold on the raw materials and batteries necessary for electric vehicles, China is now making a play for the one thing it doesn’t have: cars on roads in the West.
Posted inBusiness, Noteworthy
Auburn man is Salvation Army’s new advancement director
PORTLAND — The Salvation Army Northern New England Division has appointed Tom Fogarty as director of advancement. The Auburn resident, a nonprofit and foundation leader with over 25 years of experience, has held key resource development positions at leading educational institutions throughout the United States and at two of Maine’s largest health care systems, according […]
Posted inBusiness, Nation / World, News
Elon Musk says it will cost new users $1 to post, like and interact on X
Twitter already offers paid subscriptions of $8 a month as part of its X Premium program, formerly known as Twitter Blue.
Posted inBusiness, Election 2023, Maine, Politics
Foreign ownership in CMP parent clouds 2 ballot measures
A foreign government’s ownership stake in a utility is complicated, and some experts say it doesn’t matter anyway because ownership of a regulated utility doesn’t translate into governance.
Posted inBusiness, News
Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
Rite Aid’s plan to close more stores as part of its bankruptcy process raises concern about how that might hurt access to medicine and care.
Posted inBusiness, News
These 5 toys are regular finalists for Hall of Fame honors. Now fans can vote one in
The National Toy Hall of Fame is celebrating its 25th anniversary with more public participation in the induction process.