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By Alastair Marsh and Will Mathis The US will struggle to generate the energy it needs to power growth in its tech industry without including wind and solar, according to JPMorgan Chase & Co.’s global head of sustainable solutions. “It’s difficult to conceive of a situation in which they won’t need to tap into those …
JPMorgan Says US Risks Missing Energy Goals Without Wind, Solar Read More »
Seatrium shares drop 6.5% after contract cancellation Maersk cites construction delays Seatrium considers legal action over contract termination Trump administration previously halted Empire Wind project work Oct 10 (Reuters) – Shipbuilder Seatrium (SEAT.SI) said Denmark’s Maersk (MAERSKb.CO) terminated a $475 million contract for a nearly finished offshore wind vessel that was intended to work on …
Maersk Cancels $475 Million Contract For US-Bound Offshore Wind Vessel Read More »
Summary Orsted plans to cut 2,000 jobs by 2027 Danish company to focus more on offshore wind and Europe Reuters) – Orsted, the world’s biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on Europe after setbacks in the U.S. …
Orsted Axes Quarter of Jobs, Pivots to Europe After US Setbacks Under Trump Read More »
By Gavin Maguire LITTLETON, Colorado, Oct 8 (Reuters) – Texas’s main power generation system is on track for a rare contraction in fossil fuel-fired generation in 2025, as long as output from the state’s massive wind farms rises sharply as expected during the final quarter of the year. During the first nine months of 2025, …
COMMENTARY: Texas Wind Speeds in Focus As Rare Fossil Fuel Output Cut in Reach Read More »
(Reuters) – The U.S. government is considering cancelling an additional $12 billion in clean energy funding, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters. The projects on the list include two major direct air capture hubs that received billion-dollar awards from the administration of former …
Trump Administration Mulls Additional $12 Billion Clean Energy Funding Cut Read More »
By Akshat Rathi A model of a floating solar farm displayed at the Trina Solar Co. offices in Changzhou, Jiangsu province, China, on Friday, Sept. 26, 2025. Industry giants including Trina Solar have announced billions on overseas factories in more than 50 countries. Photographer: Qilai Shen/Bloomberg There’s a battle underway to win the energy export …
The Energy Export Race Has a Clear Winner: China Read More »
(Reuters) – The decision by President Donald Trump administration to halt fully permitted offshore wind energy projects is “very damaging” to investment, President of Shell U.S. Colette Hirstius told the Financial Times in a report published on Sunday. The executive told the newspaper that energy projects with proper permits should be allowed to continue and warned …
Shell’s US Executive Says Trump’s Halting of Wind Projects Harms Investment Read More »
(Reuters) – The U.S. Department of Energy on Wednesday said it planned to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient returns to taxpayers. The department’s announcement came hours after White House budget director Russell Vought said in a post on X that the administration would …
US Energy Department Cancels $7.6 Billion in Funding Meant for Projects Read More »
COPENHAGEN, Sept 24 (Reuters) – Denmark’s Orsted (ORSTED.CO) said on Wednesday it had resumed work on a U.S. offshore wind project after a federal judge on Monday ruled it could restart construction while the Trump administration’s legal case to fully halt the project continues. The U.S. Bureau of Ocean Energy Management issued a stop-work order …
Orsted Resumes Work on US Offshore Wind Farm After Stop-Work Order Lifted Read More »
Sept 24 (Reuters) – The U.S. Department of Energy intends to cancel more than $13 billion in funds that the Biden administration had pledged to subsidize wind, solar, batteries and electric vehicles, it said on Wednesday. It was not immediately clear which funds were being targeted. The department did not immediately respond to a request …
US Intends to Cancel $13 Billion in Funds for Green Energy Read More »
