[ad_1] As the world races to add more power plants to satiate AI’s thirst for electricity, investors have been plowing money into nuclear fusion, the pie-in-the-sky technology that appears to be inching its way toward commercial viability. The latest exhibit: Tokamak Energy, a UK-based startup that’s working to refine its squeezed-doughnut approach to fusion power. … Read more
[ad_1] Italian energy giant Enel is placing a bet on small modular nuclear reactors through a partnership with Ansaldo, another Italian energy company, and Leonardo, a defense contractor. The new company is expected to be announced in the coming days. Enel already has a deal with small modular reactor startup Newcleo to develop so-called fourth-generation … Read more
[ad_1] President-elect Donald Trump said on Saturday that he would be nominating Chris Wright, CEO of oilfield services company Liberty Energy, to the post of energy secretary. Wright has been a big booster of oil and gas. From his perch at Liberty, Wright last year denied that there’s a climate crisis or that it’ll result … Read more
[ad_1] Britons across the country are steeling themselves for a sharp rise in energy bills this winter, following an approximately 10% hike in Ofgem’s price cap from October 1. Consequently, average households using both electricity and gas could see their annual bills skyrocket to a staggering £1,717, particularly if they’re paying via Direct Debit. Despite … Read more
[ad_1] The results of the U.S. presidential election has left many worried about the future of climate tech, but the energy transition has enough financial momentum that experts aren’t expecting investment trends to change anytime soon. Limited partners like pension funds and endowments have committed $892 billion over the last decade to the energy transition, … Read more