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Vistra and Meta Partner to Boost Nuclear Power in PJM
2 days ago•Source: Vistra Corp. Investor Relations
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6.95 min•2 days ago
Meta and Vistra Collaborate on New Nuclear Power Initiatives to Boost AI and Grid Stability
Vistra and Meta have signed 20-year power purchase agreements supporting three Vistra nuclear plants in PJM, including capacity upgrades and license extensions, to provide over 2,600 MW of clean energy, bolster local economies, and ensure long-term reliable, carbon-free power for Meta's operations and the regional grid.
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Venezuela's Oil Sector Faces Uncertain Future Amid Political Changes
Originally Published 6 days ago — by Barron's
The potential normalization of Venezuelan oil exports under U.S. influence could benefit U.S. Gulf Coast refiners by providing more heavy sour crude, while posing long-term competition to Canadian heavy crude producers, potentially impacting their market share and margins. Immediate effects are limited, but the geopolitical shift could reshape global heavy crude markets over time.
Southeast Asia's Renewable Energy Shift and Climate Goals
Originally Published 7 days ago — by Crude Oil Prices Today | OilPrice.com
Southeast Asian countries like Vietnam, the Philippines, and Indonesia are gradually shifting from fossil fuels to renewable energy sources, supported by policy reforms and significant investments, including a $4.6 billion influx in 2024, aiming to reduce emissions and meet ambitious renewable energy targets by 2030 and 2040.
Upcoming Changes to Solar Incentives and Costs in 2026
Originally Published 8 days ago — by Bloomberg.com
The removal of US federal tax credits for residential solar panels, batteries, and heat pumps by 2026, along with tariffs and domestic manufacturing mandates, is expected to increase costs for home electrification. However, new financing models like lease-to-own and ongoing energy savings may mitigate some expenses, while tariffs could raise prices on imported components. Despite these changes, demand for solar and heat pumps is expected to remain strong due to rising electricity costs and environmental considerations.
Offshore Wind Industry Faces Legal Battles Over Trump Administration's Halt
Originally Published 9 days ago — by Electrek
Several offshore wind developers, including Revolution Wind and Empire Wind, are suing the Trump administration over a sudden halt to construction on projects nearing completion, citing legal violations and potential financial and grid reliability impacts, amid a broader legal and political controversy over US offshore wind development.
Billions Lost as Wind Farms Shut Down in Britain
Originally Published 9 days ago — by Euronews.com
Britain wasted over €1.6 billion last year by turning off wind turbines due to grid limitations, highlighting the need for significant investment in grid infrastructure to better utilize renewable energy and reduce costs. Europe faces similar challenges with insufficient grid capacity hindering renewable integration, requiring urgent expansion and modernization.
Legal and Political Battles Heat Up Over Offshore Wind Projects
Originally Published 10 days ago — by CleanTechnica
The article discusses the Trump administration's repeated attempts to halt offshore wind projects citing national security concerns, which have largely been challenged and dismissed in court, revealing that the supposed emergency is unfounded and that offshore wind development continues despite political and legal obstacles.
Trump's Efforts to Revive Coal Power Face Economic and Environmental Challenges
Originally Published 10 days ago — by The Hill
President Trump is redirecting nearly $625 million in federal funds, originally intended for clean energy and carbon capture projects, to revive aging coal plants, raising concerns about the deviation from the original statutory purposes and the potential undermining of clean energy goals.
Trump administration mandates continued operation of Colorado coal plant
Originally Published 11 days ago — by The Colorado Sun
The Trump administration has ordered the continued operation of the coal-fired Craig Unit 1 in Colorado due to an emergency need for electricity, despite plans for its closure and criticism from local officials and environmental groups. The order, which extends the plant's operation through March 2026, has sparked debate over energy policy, costs, and environmental impact, with some arguing it contradicts Colorado's clean energy goals and reliability assessments.
Trump Administration Extends Lifespan of Multiple Coal Plants
Originally Published 11 days ago — by Colorado Public Radio
The U.S. Department of Energy has issued an emergency order to keep the aging Craig coal plant in Colorado open until 2026, just a day before its scheduled closure, citing energy emergency concerns, though this move has faced opposition from state officials and environmental groups who argue it is unnecessary and costly for ratepayers.
Duke Energy Advances Nuclear Plans in North Carolina
Originally Published 12 days ago — by Duke Energy | News Center
Duke Energy has submitted an early site permit application to the NRC for a potential new nuclear site near Belews Creek in North Carolina, exploring small modular reactor technologies to meet future energy needs while reducing risks and costs, with plans to add 600 MW of nuclear capacity by 2037 if the project proceeds.