Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030, interim CEO Dan Sumner told President Donald Trump at a roundtable in Pittsburgh on Tuesday. Westinghouse’s big AP1000 reactor generates enough electricity to power more than 750,000 homes, according to the company. Building 10 of these reactors would drive $75 billion of...
Louisiana Governor Jeff Landry signed into law late last month a bill defining “green energy” as “… any energy generated by utilizing … hydrocarbons which, when combusted for the purpose of electricity generation meet the National Ambient Air Quality Standards set by the United States Environmental Protection Agency under the authority of the Clean Air Act, and...
Read the full article and a summary of all tax-related OBBB provisions in Forbes here.
When Cyclone Freddy swept through southern Africa in 2023, the physical destruction and loss of life weren’t the only things communities endured. For many, the hardship persisted long after the storm had passed, while communities waited for help to arrive.
Approximately 14.6 million travelers from other countries visit America’s national parks annually. Now, the U.S. Department of the Interior is proposing a surcharge so that these visitors pay a little extra for park entrance fees.
Shares of US solar companies fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected, dashing hopes that major cuts passed by the House wouldn’t stick. Sunrun Inc., the largest US rooftop panel installer, plunged as much as 38%. SolarEdge Technologies Inc. fell 31%. Enphase Energy Incslid 21%. The new...
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,...
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...
Just days after I was sworn into Congress in 2017, I found myself in the thick of negotiations over the Tax Cuts and Jobs Act. Republicans passed the bill within a month, and I returned to Utah eager to tell small-business owners and manufacturers about the historic tax relief they could expect. As I shared...
The Department of Energy’s (DOE’s) abrupt termination of 24 previously awarded projects—including four prominent power-related carbon capture projects— will rescind $3.7 billion in financial assistance from its Office of Clean Energy Demonstrations (OCED). In a terse press release on May 30, the DOE cited “a thorough and individualized financial review” in its justification for canceling the awards, asserting...
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