Getting climate, energy & environment news right.

National Grid to Invest Up to $44.5 Billion in U.K. Electricity Transmission
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National Grid to Invest Up to $44.5 Billion in U.K. Electricity Transmission

National Grid plans to ramp up investment in its electricity-transmission business as the world accelerates the transition from fossil fuels to clean power. This follows a trend of energy utilities across Europe that are increasing investments to update old grids as they bet on a boom in power demand amid rising electrification, industrial decarbonization, and artificial-intelligence...

Oklo inks 12-GW advanced reactor supply agreement with data center developer Switch
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Oklo inks 12-GW advanced reactor supply agreement with data center developer Switch

The Oklo-Switch deal represents “one of the largest corporate power agreements in history,” Oklo said. It is larger than a 10.5-GW deal announced in May between Microsoft and Brookfield Asset Management that was “almost eight times larger than the largest single corporate [power purchase agreement] ever signed,” a Brookfield executive said at the time. The five-year Microsoft-Brookfield...

The Tariff Man Cometh 
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The Tariff Man Cometh 

Donald Trump has yet to enter the Oval Office for his second term officially, but his threat of tariffs is already raising concerns about the economic harm it could impose. If enacted, Trump’s trade agenda will counter his promises of American energy dominance and lower energy bills for American families and businesses. 

US Department of Energy commits $7.54 billion loan for EV production in Kokomo
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US Department of Energy commits $7.54 billion loan for EV production in Kokomo

The U.S. Department of Energy Monday conditionally committed $7.54 billion to finance two electric vehicle facilities in Kokomo as part of an effort to bolster American EV battery manufacturing and reduce reliance on foreign sources. The federal financial commitment to large-scale lithium-ion battery production will “ensure the United States can meet domestic demand and remain a global...

Evelution Energy Receives $200 Million LOI From U.S. EXIM Bank to Fund Construction of U.S. Cobalt Processing Facility
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Evelution Energy Receives $200 Million LOI From U.S. EXIM Bank to Fund Construction of U.S. Cobalt Processing Facility

Evelution Energy LLC (“EVelution Energy” or the “Company”) is pleased to announce that it has received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM“) for a loan of up to $200 million, with tenor of 18 years, to fund the construction and operation of its solar-powered cobalt production facility...

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