The artificial intelligence boom has turbocharged demand for electricity, and everyone who is anyone in the U.S. energy industry wants a piece of the action. The latest entrant is Chevron, the country’s second-largest oil and gas company, which sees opportunity in building natural gas-fueled power plants that will feed energy directly to data centers. Chevron...
A new partnership between off-grid power systems provider DC Grid and energy services firm Liberty Energy seeks to provide data centers and EV hubs with modular, scalable off-grid power solutions in a matter of months, the companies announced Jan. 7. The partners expect to be able to deploy “small scale power output” within three months for fleet EV charging hubs...
Washington, D.C. is in a tizzy over President Donald J. Trump’s rescission of a slew of policies implemented under former President Joe Biden, and energy policies are receiving special attention in multiple executive orders (EOs). Trump withdrew from the Paris Agreement, ended the social cost of carbon, and ordered a halt to climate-related regulation and offshore renewable energy leases—all with the...
The 2024 election season made it clear that voters were unwilling to compromise on American energy affordability. Though Harris eventually capitulated on her previous anti-fracking positions, swing states’ embrace of the Trump-Vance ticket was a vote in favor of a strong all-of-the-above energy approach. Some now worry that the incoming Trump administration’s laser focus on...
Indonesia plans to start offering carbon credit certificates to international buyers next week, the country’s carbon exchange said, to raise funds to help efforts to achieve its carbon neutrality target. Indonesia is an archipelago with the world’s third-largest rainforest area, but is also one of the world’s top 10 green house gas emitters. The first...
With some 55% of the world’s GDP either moderately or heavily dependent on nature, according to PwC, opens new tab, much more finance needs to flow away from activities that harm nature towards activities that support it. Indeed, the U.N. Environment Programme estimates , opens new tabthat annual investments in nature-based solutions (NbS) need to increase from $200...
Total damage from the devastating wildfires scorching Southern California could amount to between $52 billion and $57 billion in economic losses, according to a new analysis. The estimate, issued by AccuWeather’s Global Weather Center, accounts for both direct and indirect impacts of the storm and includes both insured and uninsured losses. Some such costs relate...
Constellation Energy agreed to buy Calpine for $16.4 billion, combining two of the country’s largest electricity generators at a time when their product is in high demand from tech companies. Including the assumption of debt, Constellation on Friday valued the cash-and-stock deal for the privately held Calpine at $26.6 billion. The value of power generators has...
California has mandated an end to internal combustion engines, but consumers aren’t going along with this central plan. The brilliance of the market economy is that the customer actually is the king, which has become obvious when it comes to electric vehicles. Like any product, EVs offer benefits and disadvantages that consumers can sort through on...
New England residents already pay some of the highest electricity rates in the country, as most regional state governments have respectively committed to reducing their carbon emissions by at least 80% by 2050. If this plan is not revised, residents and businesses can expect electricity rates to double, along with suffering from rolling blackouts, according...
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