Oil prices were little changed Friday after the U.S. said its naval blockade of Iranian ports could continue “indefinitely,” reigniting concerns over energy flows through the critical Strait of Hormuz. Brent futures, the international benchmark, lost 5 cents to $87.02 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were 1 cent lower at...
The Federal Energy Regulatory Commission on Friday approved a cost allocation framework for transmission projects sought by the Midcontinent Independent System Operator but built in the PJM Interconnection’s footprint. Under the approved framework, Exelon’s Commonwealth Edison is set to build one group of projects totaling about $904 million and Duke Ohio is slated to build...
The Trump administration said Wednesday it would cancel three proposed federal corridors designed to speed the development of multi-state electric transmission lines that were selected during the Biden administration. The decision lands as the Trump administration battles broader affordability concerns ahead of the November midterm election amid rising electricity prices and growing energy demand. Read...
The Port of Long Beach is moving forward with plans to explore small modular reactors (SMRs) that could eventually provide electricity for port operations and ships, potentially bringing a new nuclear power project to California for the first time in five decades. The effort involves Bluecore Energy, a startup developing small nuclear reactors designed to...
Tennessee Governor Bill Lee announced Monday that the U.S. Department of Energy selected Tennessee as a finalist to host a “Nuclear Lifecycle Innovation Campus.” According to the governor’s office, the campus could bring billions of dollars in economic investment and create thousands of jobs. The DOE said the campus would support the development of domestic...
Kenya has tripled its long-term target for expanding its renewable energy capacity to meet surging demand and support its industrialization, but that might not result in more affordable power for consumers. The plan calls for renewable power generating capacity of 5,500 megawatts, up from about 1,500 MW now. That would include 2,000 MW of nuclear...
America has an infrastructure problem hiding in plain sight. Too often, when a storm rolls through, millions of homes dark. Politicians hold press conferences, utility companies apologize, and nothing fundamentally changes. The U.S. power grid is not a modern system under routine stress. It is an aging, fragile patchwork operating well past its design life, and the consequences are landing squarely on ordinary Americans and the natural environment around them.
The Great Salt Lake is drying up. Since the mid-1980s, the lake has dropped 22 feet, and its surface area is 60 percent smaller than it once was. If that doesn’t sound like a lot, consider this: it takes 12 minutes and 13 seconds to walk from where the lake’s shoreline once was to where it is today.
Anthro Energy broke ground on Tuesday on a factory in Louisville, Kentucky, that can make enough battery materials for more than 300,000 electric vehicles. But the facility’s headline output, 25 gigawatt-hours’ worth of electrolytes, is just part of the story. Anthro’s factory could give solid-state batteries a much needed boost in the U.S. Battery manufacturers...
One of Texas’ top grid officials warned Friday that the western part of the state could see rolling blackouts within five years if more transmission lines aren’t built. Woody Rickerson, chief operating officer of the Electric Reliability Council of Texas, or ERCOT, told the Public Utility Commission on Friday that all their demand forecast scenarios...
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