Star Catcher Industries, the company building the first power grid in space, has raised $65m in an oversubscribed Series A round. The new investment – led by B Capital and co-led by Shield Capital and Cerberus Ventures, the venture arm of Cerberus Capital Management – brings Star Catcher’s total capital raised to $88m Read more...
A year after President Trump signed Executive Order (EO) 14300 directing the Nuclear Regulatory Commission (NRC) to cut red tape and speed nuclear deployment, the agency is claiming a string of historic firsts, a backlog of rules in motion at unprecedented scale, and an internal reorganization due to take effect next month. In a news release...
Type One Energy, Tokamak Energy and AECOM have launched the UK Infinity Fusion Consortium, a private-sector-led initiative focused on developing a commercial fusion power plant in the United Kingdom. The consortium brings together three areas of capability that will be central to any future fusion project: plant design, magnet technology and major infrastructure delivery. Type One Energy is contributing...
Dozens of wind projects in Texas are in limbo after the U.S. Department of Defense paused issuing routine federal permits citing national security concerns, a move that experts say expands the Trump administration’s crusade against wind energy. According to data collected by the American Clean Power Association, 54 Texas wind projects are waiting for 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...
Dive Brief: Read more in Utility Dive here.
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...
California just gave plastic producers until 2032 to make all their packaging recyclable or compostable — the most ambitious deadline in the country. Advocates say it doesn’t go far enough. Producers say it goes too far. At least one of them is threatening to sue. The sweeping regulations, finalized at the start of the month,...
The Trump administration on Monday said it would repeal a Biden-era rule that allowed public lands to be leased for conservation purposes, abandoning an effort to protect millions of acres from both industrial development and the effects of climate change. The rule, issued by the Bureau of Land Management, had prioritized the use of federal...
To remain competitive on the global stage, the United States needs more energy infrastructure, and we need it sooner than our current system allows. New data centers, a resurgence in American manufacturing and emerging technologies are critical for growth but demand more power. We need more generation and transmission, stronger supply chains and faster deployment...
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