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....
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...
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...
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...
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...
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,...
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...
Call it a nuclear moonshot: The U.S. aims to deliver a reactor to the lunar surface and beat a push by China and Russia to do the same. In August, NASA Acting Administrator Sean Duffy directed the agency to fast-track an effort to land a reactor on the moon by late 2029. The agency wants...
Senate Republicans stunned the power industry over the weekend with a proposed new tax on wind and solar projects, part of a broader push to unravel incentives for renewable energy. Energy tax credits that were expanded during the Biden administration are wrapped up in a fierce congressional fight over President Trump’s signature tax and spending bill. Most of the...
Equinor signed a contract valued currently at around 20 billion pounds ($27.11 billion) to supply the U.K. with natural gas over the next decade. The agreement with U.K. energy company Centrica which owns British Gas, starts on Oct. 1 this year and its valuation is based on current prices, Equinor said. It would cover around 10% of...
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