Constellation Energy agreed to buy Calpine for $16.4 billion, combining two of the country’s largest electricity generators at a time when their product is in high demand from tech companies. Including the assumption of debt, Constellation on Friday valued the cash-and-stock deal for the privately held Calpine at $26.6 billion. The value of power generators has...
California has mandated an end to internal combustion engines, but consumers aren’t going along with this central plan. The brilliance of the market economy is that the customer actually is the king, which has become obvious when it comes to electric vehicles. Like any product, EVs offer benefits and disadvantages that consumers can sort through on...
The wildfires ravaging Los Angeles have spotlighted California Governor Gavin Newsom‘s ‘terrible’ record on forest management, which critics say have turned parts of the city into an apocalyptic hellscape. Wildfires tore across the LA area with devastating force Wednesday, forcing thousands of terrified residents, including Hollywood celebrities, to flee their homes, many escaping through flames, ferocious winds and clouds of smoke....
The University of Wyoming School of Energy Resources was recently selected to receive $7.5 million from the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management to lead a regional coalition expanding a domestic critical mineral and materials supply. The project, totaling more than $10.1 million, will assess the carbon ore, rare earth...
President Joe Biden’s administration plans to streamline permitting for geothermal energy development as part of a broader executive order to boost infrastructure for AI data centers, according to people familiar with the matter. Officials aim to publish the rules within the next week, according to the people, but the timing remains subject to change. The...
New England residents already pay some of the highest electricity rates in the country, as most regional state governments have respectively committed to reducing their carbon emissions by at least 80% by 2050. If this plan is not revised, residents and businesses can expect electricity rates to double, along with suffering from rolling blackouts, according...
While the U.S. Energy Information Administration has projected that “new storage capacity additions [eclipsed] wind, nuclear, and all fossil capacity combined” in 2024, lithium-ion batteries comprise more than 95% of U.S. storage deployments, underscoring the need for a wider range of technology options to improve supply chain resilience, DOE said in the road map. The recent oversupply...
Power prices jumped after the UK’s grid operator issued a market warning for this afternoon as declining wind output crimps supply just as plunging temperatures boost demand. The three-hour notice period is set to begin at 4 p.m. London time when there’s an insufficient buffer between predicted supply and demand, the National Energy System Operator...
The leaders of the House Agriculture Committee put on a display of cordial bipartisanship at the Pennsylvania Farm Show. Now, the hard work begins. Rep. Angie Craig, D-MInn., who was just recently sworn in as the new ranking member of the House Ag Committee, said her priority is to get a new farm bill done,...
Only three commercial nuclear reactors have been built in the United States in the past 28 years, and none are presently under construction, according to a World Nuclear Association tracker cited in the lawsuit. “Building a new commercial reactor of any size in the United States has become virtually impossible,” the plaintiffs said. “The root cause is...
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