March 24 (Reuters) – South Korea’s Hyundai Motor Group announced a $21 billion investment in the United States with President Donald Trump at the White House on Monday. The investment includes a new $5.8 billion Hyundai Steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually, creating more than 1,400 jobs. The steel...
On any other day, David Rodriguez’s truck would have been helping extract oil, and as he sucked mud from a well beneath a towering drilling rig, any passersby might have assumed he was doing just that. “Compared to oil and gas, it’s the same thing, man,” Rodriguez shouted over the motor. But he was working to produce...
The Biden Administration spent hundreds of billions of dollars to push renewables, and the result was a 30% increase in national utility prices. And yet, despite producing, (intermittent and expensive) electricity, no amount of wind and solar can make rubber or plastic or the millions of products we use, nor can they forge steel or...
Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of them – suddenly dropped off the grid one day last summer and switched to on-site...
The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to restart after ceasing operations. The conditional loan guarantee was part of an effort by the administration of former President...
Beyond consumer electronics, these chips enhance economic efficiency and reduce environmental impact. They drive advancements in electric vehicles (EVs), smart grids, and energy expansion, making them an essential tool for sustained economic growth and technological progress.
Policymakers must recognize that wildfires are both an environmental and an economic problem and require common-sense solutions to address fire risk. A new tool may help them do just that.
Nearly four years ago, Google announced a partnership with enhanced geothermal company Fervo Energy. In 2023, the companies successfully put carbon-free energy on the grid that serves Google’s Nevada data centers. And by the end of 2024, Fervo had secured $255 million in new funding and capital availability, its second quarter-billion-dollar fundraiser in less than a year. Meanwhile,...
While the military adopted nuclear-powered maritime vessels decades ago, the technology is uncommon in the civilian maritime industry. Now, a company has set out to change that.
On February 18th, the EPA signed an approval, granting the state of West Virginia Class VI Primacy– the authority to regulate the amount of carbon dioxide (CO2) injected into deep rock formations.
