s an electric grid operator warns of potential power shortages amid this week’s heat wave, the Trump administration is issuing emergency orders aiming to maximize output. Energy Secretary Chris Wright issued orders directing grid operator PJM to dispatch more power generation from various fossil fuel plants, as needed, despite environmental restrictions that are typically in place. Read more...
The Trump administration is proposing to relax rules to make it easier for companies to drill for oil and gas on public lands. The Interior Department, which oversees federal lands, said that it would propose to loosen two Biden-era regulations that sought to rein in planet-warming methane and ensure that energy companies are on the...
Federal regulators on Thursday took steps aimed at both speeding up the buildout of AI data centers and reducing costs. The Federal Energy Regulatory Commission (FERC) directed regional electric grid operators to reform various processes related to the connection of these and other large sources of power demand to the grid. “We are charting new...
The Trump administration on Friday auctioned off rights to drill in a pristine wildlife refuge in Alaska, but the lease sale attracted only two bidders on a few tracts of land. Of the about 60 tracts of land opened up for leasing by the Trump administration, only five received bids. Only Hex Energy and the...
The U.S. has announced a new partnership with Japan on science and artificial intelligence. Energy Department Under Secretary for Science Darío Gil told reporters Thursday that each country would invest $500 million in the joint venture. “This is the defining moment for the next era of science,” he said. “We’re linking our brightest minds and...
The Energy Department may allow up to five companies to use its surplus plutonium — which it has historically been used in nuclear warheads — as fuel. The department has selected the firms for “advanced negotiations regarding the potential allocation of surplus plutonium materials,” a spokesperson for its nuclear energy office said Tuesday. The five...
Millionaire investor Kevin O’Leary dismissed mounting opposition to his massive AI data center proposal in Utah as “ridiculous” and accused China of helping to fuel a smear campaign against his Stratos project. “I think a lot of those concerns are based on misinformation and just straight-out lies,” O’Leary said in an interview with NewsNation’s “The Hill” late Tuesday. The proposed development in the...
Energy Secretary Chris Wright on Friday suggested that the Strait of Hormuz, which Iran has kept closed amid its ceasefire with the U.S., will reopen “sometime this summer at the latest.” CNBC’s Brian Sullivan spoke with Wright at a new liquefied natural gas facility in Cameron, La., on “Squawk Box.” Wright said that the U.S. is “continuing...
I didn’t come to the Senate from politics — I came from the field. I started as an engineer in Oklahoma’s energy sector and eventually led a company building and maintaining critical infrastructure. That experience taught me a simple lesson: Energy abundance is meaningless if you can’t move it to where it’s needed. Every time...
California is investigating one of the Trump administration’s deals to end an offshore wind project. Golden State Wind was a floating offshore wind project proposed off California’s central coast. The California Energy Commission said Monday it issued an administrative subpoena to Golden State Wind. The commission said it is seeking documents and information about the...
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