Exactly one year ago, Amazon made a bet on the small modular reactor developer X-energy, investing in the startup and pledging to build its first 320-megawatt plant in the retail giant’s home state of Washington. Today, Amazon is unveiling its updated plans for what it’s dubbed the Cascade Advanced Energy Facility. The planned-for plant is...
It was nearly a year ago that Google and the Nevada utility NV Energy unveiled the clean transition tariff, a novel rate structure that would allow large customers to pay a premium for power from emerging energy technologies. The third member of the cohort was enhanced geothermal company Fervo Energy, the developer whose project would be...
Amid the general uncertainty as to what’s going to happen with the Department of Energy’s funding and staff, fears over the fate of one of the agency’s newest, yet most impactful offices are mounting. Trump administration officials reportedly requested that DOE submit a list by the end of this week of projects funded by the...
Nearly four years ago, Google announced a partnership with enhanced geothermal company Fervo Energy. In 2023, the companies successfully put carbon-free energy on the grid that serves Google’s Nevada data centers. And by the end of 2024, Fervo had secured $255 million in new funding and capital availability, its second quarter-billion-dollar fundraiser in less than a year. Meanwhile,...
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