Oklo, a U.S. company hoping to build micro nuclear power plants, said on Wednesday the energy logistics agency of the Defense Department has issued a notice of intent to award a power purchase agreement for a pilot reactor. WHY IT’S IMPORTANT Nuclear power companies are seeking U.S. military contracts after President Donald Trump signed executive orders last month...
Energy Secretary Chris Wright does not expect U.S. crude oil production to decline in 2026, although the Energy Information Administration forecast such a development. “That is a projection — we don’t know what’s going to happen next year,” Wright told Bloomberg in an interview. “We have seen weak prices for a few months, and if prices...
President Trump’s proposed cuts to the National Park Service (NPS) are troubling some Republicans. The Trump administration has proposed a 30 percent cut to the park service’s operations and staffing budgets. In addition, the administration’s budget calls for transferring some park service sites to the states — a provision that is sparking particular ire from...
Global automakers are sounding the alarm on an impending shortage of rare earth magnets as China’s restrictions on the material vital for the automotive, defence and clean energy industries threaten production delays around the world. German automakers became the latest to warn that China’s export restrictions threaten to shut down production and rattle their local economies,...
The British government said on Tuesday that it would spend as much as 14.2 billion pounds, or about $19 billion, on constructing a nuclear power station, a project that is expected to create 10,000 jobs and help light up six million homes. The decision likely means that the giant plant called Sizewell C, whose site...
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President Donald Trump’s new permitting director said she hopes Congress can eliminate her job by passing meaningful reform. Last week, the White House named former congressional staffer Emily Domenech to head the Federal Permitting Improvement Steering Council, more simply known as the Permitting Council. The 16-person council was established during the second Obama administration through the Fixing America’s Surface Transportation...
British aerospace group Rolls-Royce on Tuesday received backing from the U.K. government to build the country’s first small modular nuclear reactors. The announcement follows a two-year selection process and reaffirms Britain’s embrace of nuclear power, particularly as it also pledged on Tuesday to invest £14.2 billion ($19.2 billion) to build the large Sizewell C power station in eastern England. U.K. Energy...
This week, Energy Secretary Chris Wright, members of Congress, representatives from OpenAI, NVIDIA, and other energy and technology leaders will gather in Washington to tackle the United States’ energy challenge: How can we quickly and cheaply deploy the energy America needs to support our economy and win the AI race with China? Hosted by American Affairs,...
A nuclear power generating capacity of 200 GWe would reap widespread economic benefits throughout the EU, sustaining almost two million jobs and hundreds of billions in additional economic output, tax revenues and household income, according to a report commissioned by Brussels-based nuclear trade body Nucleareurope. Nucleareurope commissioned Deloitte to analyse the contribution of the nuclear power...
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