China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout. In the standoff between the world’s top two economies, Beijing also announced controls on exports of some rare earths and...
Chemical firm Dow and X-energy Reactor Company have submitted a construction permit application to the Nuclear Regulatory Commission (NRC) for a proposed nuclear project in Seadrift, Texas, the companies said on Monday. WHY IS IT IMPORTANT The U.S. nuclear industry, which has faced expansion challenges in recent decades, is witnessing a surge in demand on...
Record nuclear power production is helping South Korea to cut imports of thermal coal and LNG to multi-year lows so far in 2025, offering a potential blueprint for other power-hungry nations looking to curb reliance on fossil fuel imports. Nuclear reactors have generated more electricity than South Korea’s coal and natural gas-fired plants since September...
he European Commission is considering changes to EU energy laws as part of its next package of proposals to cut the regulatory burden for struggling industries, sources familiar with the matter told Reuters. Brussels has launched a drive to remove layers of bureaucracy that European businesses say set them at a disadvantage against China and...
Decarbonising the steel industry is one of the massive challenges in meeting climate goals, but could end up being extremely profitable for companies and governments prepared to take the risks. The steel value chain accounts for 7% to 9% of global carbon emissions, the largest single industrial contributor and thus a prime target for the...
March 24 (Reuters) – South Korea’s Hyundai Motor Group announced a $21 billion investment in the United States with President Donald Trump at the White House on Monday. The investment includes a new $5.8 billion Hyundai Steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually, creating more than 1,400 jobs. The steel...
Renewable energy projects in Rajasthan, India’s leading solar state, are expected to become more expensive and face delays due to a recent amendment to the state’s land registration laws, industry experts said. The Rajasthan government has made it compulsory for companies to pay stamp duty when signing an agreement for sale or leasing land for...
Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of them – suddenly dropped off the grid one day last summer and switched to on-site...
The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to restart after ceasing operations. The conditional loan guarantee was part of an effort by the administration of former President...
The U.S. Department of Energy said on Wednesday that it has extended a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project jointly owned by QatarEnergy and ExxonMobil being built in Texas. The approval will grant additional time to begin LNG exports to large markets in Asia and Europe from the...
