Bp is seeking to sell a 50% stake in its solar unit, Lightsource bp, to a strategic partner, aiming for cash and future investment commitments. The move is part of bp’s broader strategy to address investor concerns, reduce costs and boost returns on investments, as reported by Reuters. bp has faced pressure from investors such as...
As promised, President Donald Trump on Day One of his second term issued an executive order. Unleashing American Energy, that declared as U.S. policy an intention “to eliminate the ‘electric vehicle (EV) mandate’ and promote true consumer choice.” But shortly after the Trump EPA sent its waiver cancellation request to Congress for review, the Government Accountability...
Amazon and Google have pledged to back the objective of a three-fold minimum increase in global nuclear energy capacity by 2050. Shale company Occidental and Japanese heavy equipment manufacturer IHI have also pledged their support, as reported by Reuters. The World Nuclear Association (WNA), the organisation that facilitated the pledge, anticipates additional backing in the coming...
HD Hyundai and TerraPower have joined hands to bolster the global manufacturing supply chain for the latter’s Natrium reactors and accelerate the commercialization of advanced nuclear power technology, the two companies announced Wednesday. According to the announcement, the collaboration will combine HD Hyundai Heavy Industries’ manufacturing expertise with TerraPower’s reactor technology and increase supply chain...
America’s appetite for permitting reform isn’t exclusive to the Trump administration or the U.S. Congress: States like Utah are proactively laying the groundwork for approving more energy infrastructure projects as well. In January, Governor Spencer Cox signed an executive order to speed up the efficiency and approval process for energy infrastructure projects through Utah’s Department of Environmental Quality (DEQ)...
President Donald Trump’s energy chief vowed a reversal of “politically polarizing” Biden-era climate policies as the new administration approaches climate change as “a global physical phenomenon.” Energy Secretary Chris Wright, speaking during an energy conference on Monday, knocked climate policies implemented under former President Joe Biden and dismissed claims that he was a “climate denier.” Read the full article...
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,...
U.S. Secretary of Energy Chris Wright delivered remarks today at the 43rd annual CERAWeek by S&P Global, outlining the administration’s and Energy Department’s commitment to expanding the production of affordable, reliable and secure American energy. Secretary Wright’s full remarks are below: Thanks for that introduction and warm welcome. I am honored to be addressing this...
It might have seemed like one of the weirder headlines of 2024: Microsoft is paying $1.6 billion to restart Three Mile Island. That’s the nuclear power plant in Pennsylvania whose reactor #2 had a partial meltdown in 1979. There were no injuries, and nobody died, but it set the nuclear industry back years. Only two new plants...
Interior Secretary Doug Burgum, addressing the need to streamline federal permitting processes during a ribbon-cutting event for a major expansion of Venture Global’s South Louisiana LNG export facility on March 6, told workers and executives assembled for the ceremonies that, “One of our pathways to energy dominance is just unleashing the incredible resources that we have in...
Help us promote free market solutions for climate change.
Thank you for signing up