The Energy Department says a small nuclear reactor under development at a national lab has reached a crucial milestone that could allow it to produce electricity within a few years. The microreactor being developed by Antares Nuclear Inc. at the Idaho National Lab reached “criticality” on Thursday, Energy Secretary Chris Wright said. The milestone occurs when...
The Trump administration is in “active dialogue” on creating a petroleum reserve in California, Energy Secretary Chris Wright told POLITICO on Friday, a move that would boost oil infrastructure in the state and undermine Democratic Gov. Gavin Newsom’s bid to shrink the state’s fossil fuel footprint. A June 2 document that lawyers for Sable Offshore...
President Donald Trump on Monday adjusted tariffs on some steel, aluminum and copper imports, lowering some tariffs on farming equipment and extending the lower rate to other equipment. In an executive order, Trump lowered tariffs on agricultural equipment, including combines and harvesters, and heating, ventilation, and air conditioning (HVAC) systems, to 15% from 25%. Read...
The fallout in global energy markets from the ongoing conflict in Iran demonstrates the perils of overrelying on a single energy source like oil to meet America’s energy needs. As countries are forced to ration fuel and subsidize energy costs, sustainable alternatives like geothermal power are receiving renewed and well-deserved attention for their ability to deliver reliable, always-on power without the risks of price volatility or supply disruptions.
Data centers have become a boxy, hulking flashpoint heading into the midterms — and the backlash is spreading fast across red and blue states. Why it matters: With no federal action, states are fielding constituent anger over power grids, water supplies and strained local infrastructure. But investment keeps accelerating; Wall Street isn’t slowing down, and neither is...
The war with Iran has sent oil prices, and then gasoline prices, sharply higher. West Texas Intermediate (WTI) crude, the main U.S. oil benchmark, rose from the mid-$60s per barrel in late February to around $100 on March 19. U.S. gasoline prices have followed suit, with the average price increasing from a pre-war level of under $3.00 per gallon to over $3.70 by mid-March.
Nvidia has announced a new chip for PCs as it moves into the consumer market for devices integrated with AI technology. “This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone,” Nvidia’s chief executive Jensen Huang said as he unveiled...
A giant energy-storage project in South Dakota will soon turn cheap wind energy into clean industrial steam for a neighboring biofuels facility. The startup Antora Energy said it recently began booting up a 5-gigawatt-hour thermal energy storage system at Poet’s ethanol-production plant near Big Stone City, close to the Minnesota border. With a fleet of more than 200 batteries, Antora’s project is expected to become...
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