Renewables Round Up: two grid operators move to ration data center load

PJM filed two proposals at FERC: a backstop capacity auction to fill a 6.8GW shortfall, and a curtailment mechanism for data centers. Texas imposed a moratorium on new data center grid connections pending an ERCOT audit.

Duke Energy raised $10 billion in equity to fund gas generation growth, betting the balance sheet on new firm capacity while the interconnection queue struggles to keep up.

Base Power Company closed a $1B Series D at a $13B valuation, Valar Atomics raised $1B in its Series B, and Avantus upsized its corporate credit facility past $1B.