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By Emma Haidar The US Energy Department plans to provide $1.9 billion to help fund 31 grid improvement projects across 26 states as part of a Trump administration’s push to fortify the US power networks. The funding is intended to be used help replace or rebuild more than 1,500 miles (2,400 km) of transmission lines …
US Energy Department Earmarks $1.9 Billion for Grid Projects in 26 States Read More »
By Alastair Marsh Of all the ways in which artificial intelligence might destroy humanity, its carbon footprint is far down the list for some of Wall Street’s most prominent climate experts. Aniket Shah, the Jefferies executive who heads the bank’s strategy on sustainability and the energy transition, says he’s asking the global finance industry not …
BERLIN, Sept 23 (Reuters) – Germany’s cabinet approved a roadmap on Wednesday to phase out coal, oil and gas by 2045, reaffirming a climate strategy focused on electrification despite a minister’s call for more flexibility on cars, heating and carbon pricing. An environment ministry spokesperson said the plan would be presented at the United Nations …
FORGING AHEAD: Germany Maps Out Fossil Fuel Exit, Backing EVs, Heat Pumps Read More »
By Alastair Marsh Of all the ways in which artificial intelligence might destroy humanity, its carbon footprint is far down the list for some of Wall Street’s most prominent climate experts. Aniket Shah, the Jefferies executive who heads the bank’s strategy on sustainability and the energy transition, says he’s asking the global finance industry not …
On Wall Street, Frustration Is Mounting That AI Will Hijack the Climate Debate Read More »
By Joyce Lee Grid bottlenecks, costs remain electrification barriers Seoul to target 35% electrification by 2035 with Asian countries Qatar supply disruption, European demand squeezing Asian LNG markets SEOUL, Sept 17 (Reuters) – The International Energy Agency’s chief said on Thursday the shift toward electrification remained firmly backed by capital markets even as grid capacity …
IEA Chief Says Electrification Remains the Way Forward Despite AI Investment Jitters Read More »
(Reuters) – US electric grid operator PJM Interconnection called on large energy consumers across 13 states to curb consumption on Thursday, as high temperatures stoked power demand and risked blackouts. PJM runs the biggest regional electric grid in the US and covers the Mid-Atlantic and Midwest. It said its system had about 36,000 megawatts of …
Top US Power Grid Operator Urges Big Users to Curb Demand Amid Warm Weather Read More »
By Eamon Farhat UK household energy bills are poised to jump by about 25% in January amid sharpened tensions in the Middle East, according to a Bloomberg Economics forecast that threatens to upend Prime Minister Andy Burnham’s drive to bear down on the cost of living. The regulator Ofgem will use energy futures prices observed …
Energy Bills Forecast to Jump 25%, Bloomberg Analysis Finds Read More »
By Julian Hast Pennsylvania Governor Josh Shapiro’s new restrictions on data center development threaten a key source of demand growth for shale gas producers in the state, according to an industry trade group. “We were disappointed in the announcement in that it sends the wrong message to these incredible economic opportunities that are presented for …
Pennsylvania Data Center Limits Are a Threat to Gas Firms, Trade Group Says Read More »
(Reuters) – Republican lawmakers plan to bring legislation to the House floor next week that seeks to rein in electricity bill increases tied to data center expansion, a spokesperson for Speaker Mike Johnson said on Thursday. The plan to hold a vote on the bipartisan Ratepayer Protection Act before the midterm elections was first …
US House to Take Up Bill Aimed at Curbing Data Center-Driven Electricity Costs Read More »
By Paula Seligson and Katherine Doherty Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers pushing for innovation across the country. The investment is intended for projects including data centers and compute power, renewable-power generation, energy storage, natural gas, electricity …
BofA to Plow $250 Billion Into Critical Infrastructure Projects Read More »
