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,...
Oklo, a U.S. company hoping to build micro nuclear power plants, said on Wednesday the energy logistics agency of the Defense Department has issued a notice of intent to award a power purchase agreement for a pilot reactor. WHY IT’S IMPORTANT Nuclear power companies are seeking U.S. military contracts after President Donald Trump signed executive orders last month...
Global automakers are sounding the alarm on an impending shortage of rare earth magnets as China’s restrictions on the material vital for the automotive, defence and clean energy industries threaten production delays around the world. German automakers became the latest to warn that China’s export restrictions threaten to shut down production and rattle their local economies,...
Read more in Reuters here.
Fishing companies and offshore wind opponents filed a lawsuit on Tuesday challenging the Trump administration’s decision to reverse course and allow construction to resume on Empire Wind, a $5 billion wind farm project off New York’s coast. Protect Our Coast New Jersey, Clean Ocean Action, ACK for Whales and 12 fishing industry participants in a lawsuit...
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