U.S. Energy Secretary Chris Wright announced Monday that the Department of Energy’s Loan Programs Office (LPO) will largely focus on financing nuclear power plants. “By far the biggest use of those dollars will be for nuclear power plants to get those first plants built,” Wright said at a conference of the American Nuclear Society. During President Trump’s first...
If things weren’t already frothy enough around AI, now the excitement is headed toward the moon—literally. The world’s richest men are earnestly talking about traveling to outer space to build gigantic data centers to run artificial-intelligence models among the stars. They argue such missions make the most sense for powering energy-hungry operations. “The moon is a gift from...
Momentum is a crucial factor in success in all walks of life. In sports, a high-performance team builds confidence and enthusiasm, often leading to a string of wins. In politics, legislative victories or a growing list of endorsements pressures others to line up in support of a cause or candidate. And in business, a rising...
Global efforts to address climate change are — still — going far better today than they were a decade ago, even with recent politics pushing the problem to the back burner. Why it matters: We humans usually operate on daily, monthly and yearly time frames. So it can be easy to miss the energy transition...
Chevron plans to keep boosting oil-and-gas production through 2030. It is also becoming more serious about entering the power business. As part of an annual presentation to investors Wednesday, the second-largest U.S. oil producer said it is aiming to bring online by 2027 a power plant that would service an artificial-intelligence data center in the...
Anthropic announced plans Wednesday to spend $50 billion on a U.S. artificial intelligence infrastructure build-out, starting with custom data centers in Texas and New York. The facilities, which will be designed to support the company’s rapid enterprise growth and its long-term research agenda, will be developed in partnership with Fluidstack. Fluidstack is an AI cloud platform that supplies...
A new stopgap spending bill to reopen the government also extends key Farm Bill programs for one year—covering the provisions left out of July’s budget package. While the Senate waits on the House to vote, it brings up what some economists think may be a new reality: the days of passing a comprehensive Farm Bill...
The Trump administration plans to allow new oil and gas drilling off the California coast for the first time in roughly four decades, according to three people briefed on the matter. The move would set up a confrontation with Gov. Gavin Newsom, a Democrat who has fought offshore drilling and who has emerged as one of...
Autonomous EV freight trucking company Einride is planning to go public on the New York Stock Exchange through a SPAC deal with Legato Merger Corp. III, a blank check company, valuing it at $1.8 billion. The deal is expected to raise $219 million in gross proceeds, with up to an additional $100 million in PIPE capital...
In a major milestone for conservation finance, a 62,000-acre easement project in South Carolina is offering a new model for aligning environmental goals with long-term economic returns. Structured over four separate easements, the Pee Dee Basin Initiative has become the largest conservation transaction ever facilitated by a state agency in South Carolina—without sidelining the land’s...
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