TerraPower, a company working on small-scale nuclear reactor development backed by Bill Gates, has raised $750 million in investment, including from South Korea’s second-largest conglomerate, to pursue its plan to Continue Reading
The federal government on Tuesday is expected to announce water cuts to states that rely on the Colorado River as drought and climate change leave less water flowing through the Continue Reading
Electrification of the U.S. creates a huge challenge for the aging grid. Upgrading the grid isn’t just a question of investing more money. Resistance from states and localities may cause Continue Reading
The largest shale basin in the United States, the Permian, is on track to hit a record 5.408 million barrels per day next month, with production set to rise by Continue Reading
Anticipating electricity supply shortages well into 2026, California Governor Gavin Newsom has proposed allowing the state’s last-remaining nuclear power plant to continue operations beyond its 2025 planned shutdown. The package Continue Reading
Highlights Excessive heat watch issued for inland California CAISO thermal generation up 27% month over month Southern California spot gas benchmark SoCal, city-gate climbed above $12/MMBtu for the first time Continue Reading
Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting Continue Reading
German households will have to pay almost 500 euros ($509) more a year for gas after a levy was set to help utilities cover the cost of replacing Russian supplies, Continue Reading
German Economy Minister and Vice Chancellor Robert Habeck arrives to address the media after the announcement of the gas levy at Federal Ministry for Economic Affairs and Climate Action, in Continue Reading
Germany’s Schwedt oil refinery has started processing US crude blended with Russian Urals, according to a person familiar with the matter. US crude brought in from Rostock on Germany’s Baltic Continue Reading
