Energy Secretary Chris Wright said Tuesday that rising electricity prices are what he “worries about most” as Americans face high power bills. “It’s what I worry about most — seven days a week. We want to stop the rise in electricity for Americans and reshore jobs and opportunity here,” Wright said in an interview on the Fox Business...
Dive Brief: Read more in Utility Dive here.
Power demand is surging. New data centers, factories and the electrification of the economy propel a thirst for electricity not seen in decades. Markets are responding but state and local governments have largely been caught off guard. The state blueprint for power demand largely boils down to three approaches: reducing permitting and siting barriers, unleashing...
The biggest winner from AI — at least aside from the tech industry — might surprise you. Of all the industries jockeying to capitalize on the rise in artificial intelligence, the electric power sector is practically salivating. AI is power-hungry and its tech boosters are ready to spend. But it may not be so easy...
Texas is renowned for its ranching industry, but this oldest of American vocations is fast becoming entwined with icons of modern life: solar and wind farms. Among the cattle, Texas is also home to more than 15,300 wind turbines across 239 projects and 197 utility-scale solar farms. “Solar and wind energy now frequently provide more than 45%...
HSBC Holdings Plc said it did $54.1 billion in deals it categorized as sustainable finance in the first half of 2025, marking a 19% increase from the same period a year ago by Europe’s biggest bank. The dealmaking, announced in connection with HSBC’s interim results on Wednesday, means the bank has now provided $447.7 billion in sustainable finance since the...
Working with our allies is the best way to beat China and build a better, cleaner future.
Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable. Here are some projects that have been cancelled, postponed or scaled back. Read more in Reuters here!
President Trump said on Sunday that the U.S. reached a trade agreement with the European Union that would impose a 15% tariff rate on its goods. Why it matters: Europe is the latest major partner to accept significantly higher tariffs to stave off worsening trade fights with Trump. Details: Trump announced the deal alongside European Commission President Ursula von der...
Federal regulators on Friday rejected calls by the Midcontinent Independent System Operator and its transmission owners that the grid operator’s independent market monitor be effectively barred from transmission planning oversight. MISO’s tariff “unambiguously” authorizes MISO’s market monitor to review and analyze actions that affect the competitiveness, economic efficiency and operation of the grid operator’s markets...
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