Britain has secured investment for the Sizewell C nuclear plant from Canadian pension fund La Caisse, Centrica and Amber Infrastructure, enabling the government to give the final go-ahead on Tuesday for the 38 billion pound ($51 billion) project. Under the deal, the British state will be the largest shareholder in the project with a 44.9%...
Days of record-breaking heat across large swathes of China pushed power demand to an all-time high in excess of 1.5 billion kilowatts on Wednesday, energy officials said, with temperatures forecast to feel like 50 degrees Celsius (122 degrees Fahrenheit) in some areas on Thursday. An arc of sweltering heat stretching from the densely populated city...
The International Air Transport Association on Wednesday stepped up criticism of the European Union’s sustainable aviation fuel mandate as a costly initiative that is not helping the environment as regional supplies there remain low. “The idea that you’re buying sustainable fuel and then transporting it to use in Europe isn’t the right way to do...
The global destruction of wetlands, which support fisheries, agriculture and flood control, may mean the loss of $39 trillion in economic benefits by 2050, according to a report by the Convention on Wetlands released on Tuesday. Some 22% of wetlands, both freshwater systems such as peat lands, rivers and lakes, and coastal marine systems including...
A coalition backed by Google, Stripe, and Shopify will spend $1.7 million to buy carbon removal credits from three early stage firms on behalf of the tech giants to help scale up the nascent markets, an executive told Reuters. The world is expected to need to suck between five and 10 billion tons a year of...
Turkey is one of the world’s fastest-growing power markets, and exporters of natural gas and LNG have eyed the country as a key potential growth market. But rapid expansions to Turkey’s clean power supplies may leave them disappointed. Surging solar capacity lifted Turkey’s solar-powered electricity supplies above gas-fired electricity output for the first time last...
Republicans in the U.S. House of Representatives advanced President Donald Trump‘s massive tax-cut and spending bill toward a final yes-or-no vote early on Thursday morning, appearing to overcome internal party divisions over its cost. During a marathon overnight session, lawmakers cleared a final procedural hurdle needed to begin debate on the bill in a 219-213 vote at around 3:30 a.m. ET (0730...
Fermi America, a Texas company co-founded by former U.S. Energy Secretary Rick Perry, aims to build the largest energy and data complex of its kind powered by nuclear, natural gas and solar, it said on Thursday. Fermi plans to partner on the “Hypergrid” project with Texas Tech University and said it will be launched on...
Alphabet’s Google said on Monday it has struck a deal to buy power from a project in Virginia fueled by fusion, the reaction that powers the sun and the stars but is not yet commercial on Earth. Google signed what it called the technology’s first direct corporate power purchase agreement with Commonwealth Fusion Systems, a company...
A U.S. Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028 but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump’s administration, according to a draft bill circulated on Monday. The draft bill, part of a sprawling Republican budget package,...
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