While the U.S. Energy Information Administration has projected that “new storage capacity additions [eclipsed] wind, nuclear, and all fossil capacity combined” in 2024, lithium-ion batteries comprise more than 95% of U.S. storage deployments, underscoring the need for a wider range of technology options to improve supply chain resilience, DOE said in the road map. The recent oversupply...
In 2005, Walmart launched the Acres for America program, committing to fund an acre of wildlife conservation for every acre the company developed for commercial purposes.
Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export this year is headed for its first decline since the country started exporting the super-chilled fuel from the lower 48 states eight years ago. The U.S. is the world’s largest exporter of the superchilled gas and a key provider of gas to Europe in...
In 2017, I met the CEO of a major German manufacturing company. The CEO was envious of the U.S. and its position as an energy powerhouse. Our development of oil and gas had made energy so abundant and affordable that he was exploring opportunities to open new manufacturing facilities in the U.S. On the Senate...
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...
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...
For all the heated rhetoric about America's energy future, the real story isn't on cable news. It's written in investment portfolios, corporate strategies, and technological breakthroughs transforming how we power our nation.
Meta (META.O), said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in electricity demand. The company wants to add 1 to 4 gigawatts of new U.S. nuclear generation capacity...
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.
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...
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