The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to restart after ceasing operations. The conditional loan guarantee was part of an effort by the administration of former President...
President Trump on Friday signed a resolution to block the implementation of a fee on oil and gas companies’ excess methane emissions. The resolution blocked the Environmental Protection Agency’s 2024 rule that implemented the fee program, which was established in the Democrats’ 2022 climate, tax and health care bill. Read more in The Hill here.
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed. Often called the holy grail of clean energy, nuclear fusion creates four times more energy per kilogram of fuel than traditional...
Russian President Vladimir Putin seems confident that pipeline flows of natural gas to Europe could be stepped up if a US-brokered deal to end the war in Ukraine is agreed — raising questions about whether the continent is willing to reverse course and revive that relationship. “If, say, the US and Russia agree on cooperation in the...
Energy Secretary Chris Wright said Friday that work on a proposed pipeline to bring natural gas through New York to help supply energy to New England could start by the end of this year. Wright said in an appearance on FOX Business Network’s “Mornings with Maria” that he thinks it’s “highly likely” that the so-called Constitution Pipeline, along...
A cross-industry group of large energy users signed a pledge supporting the goal of at least tripling global nuclear capacity by 2050. This is the first time major businesses beyond the nuclear sector have come together to publicly back an extensive and concerted expansion of nuclear power to meet increasing global energy demand. They also urge other...
The Environmental Protect Agency on Wednesday said it would begin a sweeping rollback of environmental regulations, including air, water and waste rules that affect the power sector. “Today is the greatest day of deregulation our nation has seen,” EPA Administrator Lee Zeldin said in a press release. “We are driving a dagger straight into the heart...
Bp is seeking to sell a 50% stake in its solar unit, Lightsource bp, to a strategic partner, aiming for cash and future investment commitments. The move is part of bp’s broader strategy to address investor concerns, reduce costs and boost returns on investments, as reported by Reuters. bp has faced pressure from investors such as...
As promised, President Donald Trump on Day One of his second term issued an executive order. Unleashing American Energy, that declared as U.S. policy an intention “to eliminate the ‘electric vehicle (EV) mandate’ and promote true consumer choice.” But shortly after the Trump EPA sent its waiver cancellation request to Congress for review, the Government Accountability...
Amazon and Google have pledged to back the objective of a three-fold minimum increase in global nuclear energy capacity by 2050. Shale company Occidental and Japanese heavy equipment manufacturer IHI have also pledged their support, as reported by Reuters. The World Nuclear Association (WNA), the organisation that facilitated the pledge, anticipates additional backing in the coming...
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