In 2011, after the Fukushima disaster, Germany made the fateful decision to switch off its nuclear plants. Now, two have been promised a second life as fusion-energy projects in a high-risk technology bet aimed at revitalizing Europe’s industrial core. The plan rides on two ventures that are pursuing the same dream—creating a star on Earth to create abundant...
The American steel industry is reaping the benefits of the AI data-center construction boom. But now, steelmakers are warning of a high-stakes competition with their data-center customers for a commodity they both require: electricity. Data centers’ insatiable demand for electricity is driving up power costs for steel companies by tens of millions of dollars a year and...
Drew Bond wrote a letter to the Wall Street Journal on the red tape and poor tax credits hindering the solar industry. Rahm Emanuel rightly identifies America’s dependence on Chinese solar as a policy failure in his op-ed “On Energy, Democrats Can Learn From Texas” (June 16), but he misattributes the cause. The U.S. didn’t lose...
Forget about learning to code. Meta says it’s time to pick up a wrench. The company is starting a “workforce academy” to train Americans to build its data centers as skilled trade workers become a sought-after commodity. The five-week training program, in partnership with CBRE and the Associated Builders and Contractors, is free of charge and guarantees graduates a job at...
Tech companies are earmarking unprecedented sums of money to finance the build-out of massive data centers, with a planned $80 billion equity-raise by Google parent being the latest example. But even as the piles of capital secured have grown ever larger, the ability to deploy it in the artificial-intelligence race has become less certain. Supply-chain backlogs, permitting...
Shares of geothermal developer Fervo Energy soared in their public-market debut, a sign of investor appetite for energy companies as the U.S. faces record amounts of new power demand. Fervo’s stock climbed 35% to $36.54 from its $27 initial public offering price. It trades on the Nasdaq under the ticker FRVO. The details Houston-based Fervo uses...
The Wall Street Journal editorial board takes a skeptical look at Washington’s push to invest directly in rare earth companies. Read more in the Wall Street Journal here.
Read more in the Wall Street Journal here.
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...
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...
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