The U.S. has announced a new partnership with Japan on science and artificial intelligence. Energy Department Under Secretary for Science Darío Gil told reporters Thursday that each country would invest $500 million in the joint venture. “This is the defining moment for the next era of science,” he said. “We’re linking our brightest minds and...
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...
Tech companies are earmarking unprecedented sums of money to finance the build-out of massive data centers, with a planned $80 billion equity-raise by Google parent being the latest example. But even as the piles of capital secured have grown ever larger, the ability to deploy it in the artificial-intelligence race has become less certain. Supply-chain backlogs, permitting...
Global clean energy group ContourGlobal announced the start of commercial operation of another utility-scale solar-plus-storage project in Chile, one the company said features Latin America’s longest-duration battery energy storage system (BESS). UK-headquartered ContourGlobal said the 6.5-hour/200-MW BESS, which pairs with a 231-MW solar power facility at the Victor Jara hybrid plant in Tarapacá, is the...
Oil prices climbed on Tuesday after the United States said it had carried out strikes on missile launch sites in Iran, casting doubt on the prospects of a peace deal. The strike followed signals from Israel that it planned to intensify its campaign against the Iranian-backed militant group Hezbollah in Lebanon. Iran has said any agreement would...
Energy Secretary Chris Wright on Friday suggested that the Strait of Hormuz, which Iran has kept closed amid its ceasefire with the U.S., will reopen “sometime this summer at the latest.” CNBC’s Brian Sullivan spoke with Wright at a new liquefied natural gas facility in Cameron, La., on “Squawk Box.” Wright said that the U.S. is “continuing...
I didn’t come to the Senate from politics — I came from the field. I started as an engineer in Oklahoma’s energy sector and eventually led a company building and maintaining critical infrastructure. That experience taught me a simple lesson: Energy abundance is meaningless if you can’t move it to where it’s needed. Every time...
U.S. President Donald Trump has signed a presidential permit authorizing the Bridger Pipeline expansion, considered a partial revival of the Keystone XL pipeline project. The Keystone XL pipeline proposal was repeatedly killed and resurrected, and at one point cost Alberta taxpayers $1.3 billion. Smith says the new joint venture between Calgary-based South Bow and U.S.-based...
A research arm of the Chinese government said it had published an atlas of deep-sea mineral deposits, highlighting Beijing’s ambitions to mine the ocean floor and underscoring its disputed claims to waters that neighboring nations consider theirs. Experts say the maps, in addition to pinpointing mineral deposits found in the deep ocean, give China’s military...
Puerto Rico’s energy strategy is undergoing a quiet but meaningful shift, with liquefied natural gas (LNG) playing a more central role in stabilizing the island’s grid. The first year of operations for the U.S.-flagged LNG carrier American Energy, operated by Crowley, signals a step toward a more structured and reliable fuel supply model. Since launching...
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