The Electric Reliability Council of Texas added 43 GW to its five-year load growth forecast last year, or more than one-third of an expected 128 GW of U.S. load growth through 2029, Grid Strategies said in December. New data centers (18 GW), cryptocurrency mines (6 GW), hydrogen production (5.8 GW), other industrial facilities (5.7 GW) and oil...
Texans have long championed free enterprise and competition. Over 25 years ago, our state was one of the first to deregulate most of our electricity market, unleashing billions in private investment and innovation. We know that when businesses compete, consumers win. Yet today, one critical part of our electric system remains shielded from competition by outdated...
China’s State Council approved 10 new reactors on Sunday in a vote of confidence for nuclear power to remain central to the nation’s clean energy transition. It’s the fourth year in a row that China has approved at least 10 new reactors. The nation has 30 under construction, nearly half the global total, and is...
A Republican-authored proposal in the Texas Legislature seeks to open up state funds aimed at encouraging fossil fuel development to a form of renewable energy. The bill, which passed unanimously out of committee in the Texas House late Wednesday and now heads to the floor for consideration, could provide a runway for state incubation of next-generation geothermal energy, which uses oil and...
Affordable, reliable transportation is essential for everyday life, and sound transportation policy can have profound positive effects on the economy, the environment, and the lives of all Americans.
Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday. An IMF report released at its annual spring meeting in Washington nonetheless noted that those output...
President Trump signed an executive order Thursday that aims to jump-start mining on the ocean floor. Large-scale deep sea mining has never been done — though some companies have pushed for it — but the seafloor is expected to contain valuable materials. A Trump administration official told reporters Thursday that it expects to find manganese, cobalt,...
A large-scale environmental remediation effort is underway through a public-private initiative. The Well Done Foundation (WDF), in partnership with the U.S. Fish and Wildlife Service, is working to decommission more than 110 orphaned oil and gas wells across four National Wildlife Refuges. As part of this collaboration, WDF recently marked a major milestone: the successful plugging of...
California will see almost one-fifth of its crude-processing capacity vanish in the next 12 months as two key refineries quit the business of turning oil into fuels. Valero Energy Corp. and Phillips 66 plan to idle a combined 284,000 barrels of daily refining capacity by this time next year, moves that will squeeze the perennially tight motor-fuels...
The British government and Italian energy group Eni (ENI.MI) have reached an agreement for the launch of the Liverpool Bay carbon capture (CCS) project, they said on Thursday, opening the way to the construction phase for the initiative. The government said last year it would provide funding of up to 21.7 billion pounds ($28.76 billion) over...
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