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...
Republicans in Georgia’s state legislature — including a key ally of Gov. Brian Kemp — are pressing U.S. Senate leaders to preserve solar deployment and manufacturing credits. Why it matters: The lobbying efforts show how GOP plans to pare back Inflation Reduction Act credits in budget reconciliation are roiling red-state developments. Driving the news: “We urge you...
Senate Majority Leader John Thune (R-S.D.) is moving full-speed ahead toward a planned vote this week on his chamber’s version of President Trump’s tax and spending bill, despite pushback from GOP colleagues and serious doubts about his prospects. Republicans say Thune and other Senate GOP leaders have told them the bill is on track for a vote before the July 4...
The U.S. oil and gas industry sparked an energy revolution a few decades ago by thinking in a different direction—literally. Horizontal drilling, combined with hydraulic fracturing, unlocked new petroleum reserves and quickly propelled the U.S. to global leadership in oil and gas. Fervo Energy, a company headquartered in oil capital Houston, is aiming for a...
A new approach developed at Chalmers University of Technology in Sweden could reshape how cellulose textiles are produced. Instead of relying on resource-intensive cotton or chemically processed wood pulp, researchers have demonstrated that common agricultural residues—like wheat straw and oat husks—can serve as effective raw materials for dissolving pulp, the base for cellulose fibers. The...
Iran’s parliament has endorsed closing the Strait of Hormuz, a vital oil transit point off its coast, but analysts are skeptical about the threat from a body without authority to close the strait. Why it matters: Impeding the strait would likely bring a massive spike in oil prices that would flow through to U.S. consumers. Read more in Axios here.
Applying a market-based approach to Colorado River management could ensure more robust and reliable supplies for farmers, communities and the environment, a new study has found. Without considerable cutbacks in basin-wide water consumption, fish populations could face dire consequences for at least one month of the irrigation season, scientists warned in the study, published Friday...
The U.S. Department of Energy (DOE) is inviting private-sector nuclear developers to submit proposals for experiments and demonstrations using its Microreactor Application Research Validation and Evaluation (MARVEL) project. The first-of-its-kind operational test bed for advanced microreactor technologies is now 90% through its final design phase, with key components already under fabrication. Idaho National Laboratory (INL),...
Shoppers around the world are quickly adding more used shoes, accessories and clothes to their closets. Last year, they spent $227 billion on secondhand apparel, accounting for nearly 10% of all global spending on clothes, according to a new report from online resale marketplace ThredUp Inc. The trend is set to accelerate, particularly in the US...
For years, Americans have been blanketing their homes with scads of solar panels. Now, they’re adding a growing number of batteries to store that electricity and protect against blackouts. Battery storage in US homes surged by 64% in 2024 compared to the previous year, outpacing increases in commercial and utility installations, according to new data from Wood...
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