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Energy

Utilities balk at renegotiating offshore wind contract

Massachusetts is relying on offshore wind power generation to be a major contributor to its decarbonization goals over the next three decades but it is taking longer than first thought to get turbines spinning and now the largest project in the state's pipeline says it is "no longer viable and would not be able to move forward" without changes to the contracts between the developer and utility companies, likely increasing the cost of the power.

Galvin renews call for $50M heating aid reserve

Whenever lawmakers get around to considering a closeout budget bill, Secretary of State William Galvin wants them to bulk it up with $50 million more to help Bay Staters heat their homes this winter.

Cornerstone Bank donates $50K for WCAC fuel assistance

Cornerstone Bank, a community bank with 13 locations in Central Massachusetts, has donated $50,000 to the Worcester Community Action Council to support its emergency fuel fund. 

Voting for Best of Business awards closes on Monday

Voting for the WBJ’s 2023 Best of Business awards, which seeks to highlight institutions throughout Central Massachusetts based on reader votes, will close this coming Monday, Nov. 14.
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Mass. gas prices jump 19 cents from previous week

The average price for a gallon of regular unleaded gasoline in Massachusetts rose to $3.77 from $3.58 the previous week and up from $3.51 one month ago, according to travel association AAA Northeast.

Major Mass. offshore wind project no longer viable

A major offshore wind project in the Massachusetts pipeline is no longer viable and would not be able to move forward under the terms of contracts filed in May.

🔒Charts: Largest industries in Central Mass. and statewide, ranked by GDP

Real estate leads in Central Massachusetts, while professional services lead the statewide economy.

🔒Battery boom: Central Mass. invests billions in the electric vehicle market

The once humble battery is becoming more and more important as we try to move away from fossil fuels to power our lives, and specifically to power how we move across the earth.
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New GDP shows U.S. economy bouncing back

The U.S. economy rebounded in the third quarter, growing at a 2.6% annual rate after contracting in the second quarter.

State House protesters call for limits on solar projects

With signs proclaiming "Save Our Forests" and "Be Wise," activists from across the state convened outside the State House on Thursday afternoon before making their way to Gov. Charlie Baker's office to deliver a petition calling for a moratorium on state financing for large industrial solar projects.
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