Read more in the Wall Street Journal here.
Author: Wall Street Journal
Post
How to Modernize Recycling in America
If the U.S. doesn’t modernize its recycling infrastructure, it risks ceding a multibillion-dollar industry to foreign competitors, while burying valuable materials in landfills. Ross Eisenberg, president of America’s Plastic Makers at the American Chemistry Council in Washington, D.C., says the technology exists to close the gap between what’s tossed in recycling bins and what is...
Post
Vulcan Energy Resources to Proceed With German Lithium Project
Vulcan Energy Resources will proceed with its lithium and renewable energy project in Germany after securing a finance package to fund the initial phase of development. The company said Wednesday that it has secured a 2.2 billion-euro ($2.56 billion) package from government agencies and banks for the construction of phase 1 of the Lionheart project in...
Post
U.S. Backs $1 Billion Loan to Restart the Three Mile Island Nuclear Plant
The Trump Administration will give Constellation Energy a $1 billion federal loan to restart the Three Mile Island nuclear power plant in Pennsylvania that suffered a partial core meltdown in 1979. Energy Secretary Chris Wright said Tuesday that restarting the plant will help bring down electricity prices and that the administration will act to bring more nuclear generation online....
Post
Now Tech Moguls Want to Build Data Centers in Outer Space
If things weren’t already frothy enough around AI, now the excitement is headed toward the moon—literally. The world’s richest men are earnestly talking about traveling to outer space to build gigantic data centers to run artificial-intelligence models among the stars. They argue such missions make the most sense for powering energy-hungry operations. “The moon is a gift from...
Post
Chevron Is Getting More Serious About Power
Chevron plans to keep boosting oil-and-gas production through 2030. It is also becoming more serious about entering the power business. As part of an annual presentation to investors Wednesday, the second-largest U.S. oil producer said it is aiming to bring online by 2027 a power plant that would service an artificial-intelligence data center in the...
Post
Brazil Is Developing a Weapon for Trade Wars: Fertilizer in the Amazon
In the heart of the Amazon rainforest, workers are preparing to dig a vertical shaft as wide as a subway tunnel half a mile down into the ground. It isn’t gold or oil hidden here in a grassy clearing between indigenous lands, but fertilizer—something arguably just as precious to this vast farming nation. As global...
Post
The U.N. Blinks on Its Carbon Tax
Congratulations to consumers the world over, who on Friday were spared a new tax—for now at least. This week we warned that a United Nations agency you’ve never heard of was about to impose the first global carbon tax—on shipping. We’re pleased to report it blinked. The International Maritime Organization (IMO), an arm of the...
Post
AI Data Centers, Desperate for Electricity, Are Building Their Own Power Plants
Tech companies in the AI race need power, and lots of it. They aren’t waiting around for the archaic U.S. power grid to catch up. In West Texas, natural-gas-fired power generation is under construction as part of the $500 billion Stargate project from OpenAI and Oracle. Gas turbines are in use at Colossus 1 and 2,...
Post
This Texas Town Is an Energy Powerhouse. It’s Running Out of Water.
South Texas lured Tesla, along with Exxon Mobil and other energy behemoths, with the promise of land, cheap energy and, perhaps most critically, abundant water. The companies spent billions of dollars over the past two decades building plants that use huge amounts of water to transform fossil fuels into gasoline, jet fuel and other refined products. More set...