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☆ Indian public sector firm NTPC's green energy arm files for $1.2 billion IPO
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +1 min

This photograph taken on April 6, 2022, shows a general view of the National Thermal Power Corporation (NTPC) plant in Dadri. The mounds of jet-black coal shimmering under the afternoon sun at the Dadri power plant are a raw illustration of India's coal dependence -- a habit that despite increasing pressure, the country is finding hard to kick. India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables expansion plans and a red-hot equities market. The company, a unit of state-owned power producer NTPC , will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed. So far this year, about 235 companies have gone public and raised more than $8.6 billion, which exceeds the total amount raised last year.

Persons: NTPC Organizations: National Thermal Power Corporation, Green Energy Locations: Dadri, India

Clean energy and clean vehicle companies added nearly 150,000 new jobs in 2023, the first full year of the Inflation Reduction Act, the report found. Of that total, the South added more than 54,000 clean energy jobs, accounting for 36% of all new jobs in the region. By comparison, the Midwest, Northeast and West combined added 95,000 clean energy jobs in 2023. The employment sectors analyzed in E2’s “Clean Jobs America” report include clean vehicles, renewable energy, battery storage, grid modernization and biofuels. Clean energy jobs now account for about 1 in 16 new jobs created in the U.S.E2 has released annual reports on clean energy job growth in the U.S. since 2015.

Persons: Kamala Harris, —, Donald Trump, Harris, Biden, Bob Keefe, We’re, ” Organizations: Biden, Senate, Jobs America, Republicans Locations: United States, U.S, Midwest, Northeast, Southern, Alabama, Kentucky, Oklahoma, California, Florida, Texas

☆ Georgia is rich in EV money and jobs
▼ + stars: | 2024-09-18 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Since 2022, the Peach State has added over 30,000 clean energy jobs, more than any other state, according to a June study by Climate Power, a strategic communications firm. The Bipartisan Infrastructure Law allocated over $175 million toward the EV battery supply chain in Georgia and $135 million over five years toward infrastructure for EV charging stations in Georgia. Investments in EV and battery manufacturing will boost job growth and output in both of these sectors, Benson said. Strong population growth remains a tailwind for Georgia's economic growth and EV industry, Benson said. Between 2021 and 2022, there were 327,795 people who moved into Georgia, according to data from the Census Bureau.

Persons: —, Wells, Jackie Benson, Brian Kemp, It's, Biden, Benson Organizations: Service, Business, Peach State, Climate Power, Investments, Atlanta -, EV, Atlas Public, Environmental Defense Fund, Biden Administration, Law, Infrastructure Law, Hyundai, Kia, The Peach State Locations: Georgia, Wells, Atlanta, Georgia , Alabama, North Carolina, South Carolina, Tennessee, Michigan, West Point , Georgia, Wells Fargo, Florida , Texas , California, California, Texas

PHOENIX — Members of an Arizona tribe are trying to persuade a federal judge to extend a temporary ban on exploratory drilling for a lithium project near lands they have used for religious and cultural ceremonies for centuries. The case is among the latest legal fights pitting Native American tribes and environmentalists against President Joe Biden’s administration as green energy projects encroach on lands that are culturally significant. The springs have served as a place of healing and prayer for generations, the tribe has said in court filings. Federal land managers also are expected to issue a draft environmental review of a lithium mine planned by Australian company Ioneer Ltd. between Reno and Las Vegas. Backers of Arizona Lithium’s project include the Navajo Transitional Energy Company, which announced its plans in 2022 to join with the Australian company and work as a contractor on the project.

Persons: Joe Biden’s, Thacker, Ha’Kamwe ’, ’, NTEC, Hualapai Organizations: PHOENIX, of Land Management, Arizona Lithium Ltd, Ioneer, Center for Biological Diversity, Mining, Historic Preservation, Environmental, Government, Navajo Transitional Energy Company Locations: Arizona, U.S, Phoenix, Las Vegas, Nevada, Oregon, Reno, Sandy, Colorado

☆ GOP House Speaker Johnson backs keeping some of Biden's clean energy tax credits
▼ + stars: | 2024-09-17 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

Speaker of the House Mike Johnson, R-La., talks with reporters in the U.S. Capitol after the last votes of the week on Thursday, September 12, 2024. U.S House Speaker Mike Johnson said he would preserve some of the clean energy tax credits enacted under President Joe Biden but would seek to eliminate others, as an upcoming battle over taxes next year comes into focus in Washington. Johnson declined to specify which provisions he would support keeping in place, saying he's "not putting any of that on the table yet." More than a dozen members of Johnson's own party, many of whom face difficult re-election fights, asked the speaker in a letter last month to preserve some of the tax credits and deductions in the IRA. "Prematurely repealing energy tax credits, particularly those which were used to justify investments that already broke ground, would undermine private investments and stop development that is already ongoing," the 18 lawmakers wrote in the letter.

Persons: Mike Johnson, Joe Biden, You've, Johnson Organizations: U.S, Capitol, CNBC, Louisiana Republican, Riggs, D.C, Republican Locations: Washington, Louisiana

☆ A polluting, coal-fired power plant found the key to solving America’s biggest clean energy challenge
▼ + stars: | 2024-09-16 | by ( Ella Nilsen | Bill Weir | ) edition.cnn.com time to read: +7 min

Becker, Minnesota CNN —The smokestacks on the aging Sherco coal power plant tower over gleaming solar panels that stretch across thousands of acres of farmland. The polluting coal plant is on its way out, scheduled for retirement in the next five years. Experts say this is the secret to solving America’s clean energy dilemma: There is more electricity from clean energy waiting to get connected to the grid than the entire amount of energy currently on the grid. A view of Sherco power plant, which has been operating since the 1970s and is slated for full retirement by 2030. But the reality is, it’s there.”From super-polluters to clean energy juggernautsThe answer to supercharging clean energy could lie inside some of the most polluting power plants in the US.

Persons: Becker, Julian Quinones, CNN Xcel Energy's Ryan Long, Evelio Contreras, ”, Ryan Long, Xcel, Umed Paliwal, Rob Gramlich, “, ” Gramlich, Sherco, Bill Weir, Sonia Aggarwal, that’s, ” Long, we’ll, ” Julian Quinones, Pete Wyckoff, ” Wyckoff, ” It’s, Tim Walz, ” Wykoff, “ We’re Organizations: Minnesota CNN, CNN, University of California, UC Berkeley, Disney, Energy, Xcel Energy, Minnesota Commerce, Democratic Locations: Minnesota, Upper Midwest, University, University of California Berkeley, Berkeley, White, Illinois, Virginia, Becker , Minnesota

☆ Trump and Harris are both fans of solar power. That's good news for these 4 stocks.
▼ + stars: | 2024-09-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

During the recent debate, both Vice President Kamala Harris and former President Donald Trump expressed their support for solar energy. Trump said he was a "big fan" of solar power, and Harris doubled down on her support for clean energy. Trump caveated his support of solar power, saying that solar plants take up "400, 500 acres of desert soil." AdvertisementInvesting in solarFor investors interested in increasing their exposure to solar energy solutions, Baker shares the following 4 investments. These companies provide solar power offerings across the entire renewable energy value chain.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Graeme Baker, Baker, David Bianco, she'll, Biden, He's Organizations: Service, Business, Environment, Big Tech, Microsoft, Green, Deal, Environment Fund

In fact, the Biden administration recently imposed its own set of tariffs, while extending ones first levied during the Trump administration. Take the tariffs the Trump Administration imposed on washing machines in 2018. The washing machine tariffs were part of a broad new tariff regime Trump imposed in an effort to protect American workers from anti-competitive Chinese trade practices. It resulted in what is generally viewed as a “trade war” involving retaliatory tariffs imposed on American goods. The White House gave a rationale similar to the Trump administration when it announced its tariffs.

Persons: Kamala Harris, Donald Trump, Trump, ” Trump, ” Harris, Biden, Harris, —, There’s, ”, ” Biden, Douglas Irwin, ” Irwin, ” Sen, Sherrod Brown, Sen, Tom Cotton, Nick Iacovella, “, ” Iacovella, Davis Organizations: GOP, Democratic, Tax, Trump, Coalition for, Prosperous, White, American Enterprise Institute, Federal, “ Ohio steelworkers, “ Workers, Administration, U.S . Steel, Harvard University, University of California Locations: China, Prosperous America, U.S, Mexico, Ohio , New York, Ohio

(This is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter. A biotech stock and an energy company were among the names being talked about by analysts on Friday. — Sean Conlon 6:19 a.m.: Pivotal says buy TKO Group A competitive media landscape could mean gains for TKO Group , according to Pivotal Research Group. TKO Group shares are up nearly 41% year to date. TKO YTD mountain TKO in 2024 — Sean Conlon 5:49 a.m.: JPMorgan downgrades Moderna to underweight JPMorgan sees a rocky road ahead for Moderna .

Persons: Raymond James, Srini Pajjuri, — Sean Conlon, Jeffrey Wlodarczak, Jessica Fye, Fye, it's, Ameet, Thakkar, he's, Fred Imbert Organizations: CNBC, JPMorgan, Moderna, BMO Capital Markets, GE Vernova, ARM, Research, JPMorgan downgrades Moderna, Food and Drug Administration, BMO, GE, General, Gas Power, General Electric Locations: Thursday's

☆ Biden finalizes increases to China tariffs
▼ + stars: | 2024-09-13 | by ( Katie Lobosco | ) edition.cnn.com time to read: +2 min

Washington CNN —The Biden administration said Friday that it has finalized tariff hikes on certain Chinese-made products that the president first announced in May. The administration’s increases come as Vice President Kamala Harris and former President Donald Trump have clashed over tariffs on the campaign trail. Trump implemented sweeping tariffs on about $300 billion of Chinese-made products when he was in office. “Today’s finalized tariff increases will target the harmful policies and practices of the People’s Republic of China that continue to impact American workers and businesses,” US Trade Representative Katherine Tai said in a press release. China is expected to retaliate by increasing tariffs on US-made goods.

Persons: Washington CNN —, Biden, Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, Today’s, Katherine Tai, Wang Wenbin, ”, He’s, Kayla Tausche Organizations: Washington CNN, US Trade Representative’s, US, Trade Organization Locations: People’s Republic of China, China

☆ Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
▼ + stars: | 2024-09-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth's surface. Pete Johnson, CEO and co-founder of Koloma, told CNBC that geologic hydrogen is fundamentally an exploration and production business. A primary energy source, such as coal, oil, wind or solar, refers to a natural energy source that has not been altered or converted. It's within this context that momentum has been growing over the potential of geologic hydrogen. Ellis said that just a small percentage of geologic hydrogen recovery might well be enough to supply all the projected demand for 200 years.

Persons: Bill Gates, Jeff Bezos, Pete Johnson, Koloma, Ray Dalio, Virgin Group's Richard Branson, Alibaba's Jack Ma, Koloma Koloma's Johnson, there's, Johnson, Alex Halada, Geoffrey Ellis, Ellis Organizations: Geological Agency of, Ministry of Energy, Mineral Resources, Nurphoto, Getty, CNBC, Khosla Ventures, Fund, United Airlines, Breakthrough Energy Ventures, Bridgewater Associates, Rystad Energy, Afp, Energy Resources Program, . Geological Survey Locations: Pute Jaya, Morowali Regency, Central Sulawesi Province, Indonesia, U.S, Denver , Colorado, Canada, Australia, France, Spain, Colombia, South Korea, Russia, Ukraine, Germany

☆ Mr ChatGPT and other AI power players are going to the White House to discuss AI’s massive thirst for energy
▼ + stars: | 2024-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The meeting, which hasn’t been previously reported, is the first time senior White House officials will sit down with tech company leadership to discuss how to quench AI’s insatiable thirst for energy. The source said the White House expects to detail how the public and private sector can work together to maintain US leadership in AI in a sustainable way. AI is expected to spark a 160% surge in power demand from data centers by 2030, according to Goldman Sachs. Exowatt just launched a new system that can generate and store clean energy to AI data centers. Other US officials expected to attend Thursday’s AI power meeting include White House Chief of Staff Jeff Zients, National Economic Adviser Lael Brainard, National Security Adviser Jake Sullivan and top climate officials Ali Zaidi and John Podesta.

Persons: Sam Altman, Ruth Porat, Dario Amodei, hasn’t, Jennifer Granholm, Gina Raimondo, Harris, Joe Biden, Kamala Harris, Biden, Goldman Sachs, Altman, ”, ” Altman, “, Robyn Patterson, Jeff Zients, Lael Brainard, Jake Sullivan, Ali Zaidi, John Podesta, Oprah Winfrey, Bill Gates Organizations: CNN, White, Google, White House, Wall, . Energy, Biden, Microsoft, International Energy Agency, Washington Post, United, “, National Economic, National, ABC Locations: America, Washington, United States, Exowatt

☆ South Korea’s Hyundai and US’ GM to work together on developing new cars
▼ + stars: | 2024-09-12 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Hyundai and General Motors (GM) have agreed to look for ways to work together on developing new vehicles, supply chains and technologies in an effort to cut costs and move more quickly. Global carmakers are under intense pressure to come up with new electric vehicle (EV) and battery technology because they face vehicle emissions regulations around the world. South Korea’s Hyundai and America’s GM (GM) said on Thursday they would collaborate on joint product development, manufacturing and future clean energy technologies. The non-binding framework agreement was signed by Hyundai Motor Executive Chair Euisun Chung and GM Chair and CEO Mary Barra. Including its affiliate Kia, Hyundai Motor is the world’s third-largest automaker by sales, according to Reuters, while GM is currently America’s largest carmaker, having retaken that title from Toyota in 2022.

Persons: Hong Kong CNN —, They’re, Euisun Chung, Mary Barra, “, ” Barra, ” Chung, Cruise Organizations: Hong Kong CNN, Hong Kong CNN — Hyundai, General Motors, Global, EV, Korea’s Hyundai, America’s GM, Hyundai Motor, Kia, Hyundai, Reuters, GM, Toyota, Nissan, Renault, Honda, — Locations: Hong Kong, Japan

☆ These 5 portfolio stocks crushed the volatile market since our August Monthly Meeting
▼ + stars: | 2024-09-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

It's been a topsy-turvy stock market since the Club's August Monthly Meeting. These were two of our top performers since the August Monthly Meeting. The stock closed nearly 5% higher on the eve of the September Monthly Meeting. The S & P 500's health care sector is up 2.2% since the August Monthly Meeting, slightly outperforming the broad index's 1.8% rise in that timeframe. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: It's, We've, Eli Lilly, Estee Lauder, Jerome Powell, it's, DA Davidson, Goldman Sachs, Goldman, Andy Jassy's, TJX, Jensen Huang, Abbott, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones Industrial, Nasdaq, Investor, Federal, Procter, Gamble, Dover, Abbott Laboratories, TJX, Amazon, Micro Devices, Jackson, Bank of America, Telsey Advisory Group, JPMorgan, Oracle, Devices, AMD, Nvidia, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: seesaw, Wednesday's, U.S

Here's a rapid-fire update on all 32 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. AMD shares have caught a bid in recent days, but they're still cheap considering the growth of its AI processors. Broadcom : Investors who don't own any Broadcom yet should consider starting a position here, Jim said. Although it's tempting to offload shares, Jim said to stick with Honeywell for now because there's huge value in individual businesses like aerospace. There's little negative to say about this portfolio stock.

Persons: Jim Cramer's, Jim, Apple, haven't, it's, that's, he'll, Bob Iger, Bob Chapek, Larry Ellison, Biogen, Eli Lilly, Lowe's, Vimal Kapur, We'd, Linde, Lilly, Morgan Stanley, Goldman Sachs, It's, Jensen Huang, Kamala Harris, Republican Donald Trump, CrowdStrike, Palo, — we're, we're, Brian Niccol, Sands, Stanley Black, Decker, Wells, Charlie Scharf's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Abbott Laboratories, Abbott Labs, AMD, Amazon, Web, Broadcom, VMWare, Federal Reserve, Costco Wholesale, Coterra, DuPont, New York Times, Oracle, GE Healthcare, GE, Honeywell, Linde, Microsoft, Nvidia, Republican, Palo Alto Networks, Palo, Procter & Gamble, Procter, Gamble, Constellation Brands, Modelo, Stanley, TJX, Marshalls, Jim Cramer's Charitable, Traders, New York Stock Exchange, AFP, Getty Locations: Nvidia's, San Francisco, China, Dover, United States, industrials, OpenAI, Palo Alto, Wells Fargo

☆ Harris and Trump kept talking about pumping more oil. There’s a problem with that
▼ + stars: | 2024-09-11 | by ( David Goldman | Matt Egan | ) edition.cnn.com time to read: +4 min

So why were Vice President Kamala Harris and former President Donald Trump talking so much about expanding oil production during Tuesday night’s debate? Fossil fuel will be dead,” Trump said. For all the candidates’ talk of promoting fossil fuel production, it’s not clear that America needs drastically more oil. US oil production has already spiked to a record of 13.4 million barrels per day, according to weekly federal data. So it would likely take an extreme — or calamitous — event to get gas prices back below $2.

Persons: Kamala Harris, Donald Trump, Harris, fracking, Biden, Trump, they’ll, ” Trump, Andy Lipow, he’s, It’s, it’s, Lipow, ”, Bob McNally, doesn’t, McNally, George W, Bush, “, America Organizations: CNN, Senate, Lipow Oil Associates, AAA, Rapidan Energy, US Energy Information Administration, Travel Locations: America, United States, Pennsylvania, OPEC, China

☆ Stocks making the biggest moves midday: GameStop, Viking Therapeutics, Trump Media and more
▼ + stars: | 2024-09-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Trump Media & Technology — The stock fell more than 13% following Tuesday's debate between majority shareholder former President Donald Trump and Democratic Vice President Kamala Harris. Novartis — U.S.-listed shares of the Swiss pharma company slipped nearly 2% on the heels of Bank of America's downgrade to hold from buy. Crypto stocks — Crypto stocks were dragged downward after the price of bitcoin fell slightly overnight, as crypto traders considered central bank policy in Japan . Morgan Stanley — The bank stock lost 1% following a downgrade at Goldman Sachs to neutral from buy. Solar stocks — Solar stocks rose as a group after Vice President Kamala Harris's performance at Tuesday's debate raised confidence in a Democratic victory at the U.S. presidential election.

Persons: Donald Trump, Kamala Harris, Rentokil, it's, bitcoin, Morgan Stanley, Goldman Sachs, Goldman, Morgan, Warren Buffett's Berkshire Hathaway, Kamala Harris's, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Yun Li, Sarah Min, Samantha Subin Organizations: Trump Media & Technology, Democratic, Trump Media, Nasdaq, GameStop, Novartis — U.S, Swiss pharma, of, Therapeutics, JPMorgan, Viking Therapeutics, Goldman, Bank of America, U.S, Clean Energy, SolarEdge Technology, Sunnova Energy Locations: North America, Japan

☆ Donald Trump’s social media stock is plunging after his rocky debate performance
▼ + stars: | 2024-09-11 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Investors swiftly penalized Trump’s social media business following the former president’s widely panned debate performance. Trump Media initially spiked 10% that day, before fizzling and ending in the red. Trump Media has at times become a way for traders to bet on the political fortunes of Trump and the chances he returns to the White House. Trump is not only the dominant shareholder in Trump Media, he is the most popular user on Truth Social, the company’s only significant product. The lock-up restrictions preventing Trump from selling his 114.75 million shares in Trump Media are set to expire later this month.

Persons: Donald Trump, Kamala Harris, Trump, Joe Biden’s, ” Matthew Tuttle, Harris ’, ”, ” Tuttle, Michael Block, AgentSmyth, “, ” Block, didn’t, Biden Organizations: New, New York CNN, Trump, Trump Media & Technology Group, Social, ABC, CNN, Trump Media, Tuttle Capital Management, ” Trump, White, Truth Locations: New York, Coinbase

☆ Solar stocks gain as Wall Street says Harris won the debate against Trump
▼ + stars: | 2024-09-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

US Vice President and Democratic presidential candidate Kamala Harris listens to former US President and Republican presidential candidate Donald Trump speak during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Solar and clean energy stocks rose Wednesday after Wall Street largely declared Vice President Kamala Harris the winner of the first and likely only debate before the November election. The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) gained more than 3% and more than 2%, respectively, in morning trading. The benchmarks are down 28% and 11% this year as uncertainty over the outcome of the election has clouded the outlook for the clean energy industry. "We expect a near-term bounce towards Vice President Harris following the first debate with former President Trump, but the longer-term impact remains unclear," Raymond James analyst Ed Mills told clients in a note late Wednesday night.

Persons: Kamala Harris, Donald Trump, Sunnova, Harris, Trump, Raymond James, Ed Mills Organizations: Democratic, Republican, National Constitution Center, Clean Energy, New York Times, Siena College, White, Citi, White House Locations: Philadelphia , Pennsylvania

☆ A Neom executive reportedly complained about having a meeting on a Sunday evening after 3 workers died
▼ + stars: | 2024-09-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewA Neom executive reportedly complained about having an emergency meeting on a Sunday evening following the deaths of three employees working on Saudi Arabia's megaproject estimated to cost between $500 billion and $1.5 trillion, according to a bombshell Wall Street Journal report. Wayne Borg, a former Fox Corp executive, reportedly described Neom's blue-collar workers from the Indian subcontinent as "f—ing morons" and said "that is why white people are at the top of the pecking order." This story is available exclusively to Business Insider subscribers. Citing current and former Neom employees, the Journal reported that three workers were killed by a falling pipe, a collapsing wall, and mishandled explosives. Neom told the Journal it has a zero-tolerance policy toward inappropriate workplace behavior.

Persons: —, Wayne Borg, we've, Borg, Prince Mohammed bin Salman's, Neom Organizations: Service, Saudi, Fox Corp, Business, Journal, BBC, Neom Locations: Saudi Arabia, Saudi

☆ Clean energy sector looks to create even more jobs after the election — regardless of who wins
▼ + stars: | 2024-09-10 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +5 min

While job growth in the sector faces uncertainty after the election, industry watchers say the future of energy production and consumption is always changing. The IRA is projected to generate more than 300,000 jobs annually for new energy project construction and about 100,000 permanent jobs each year, according to EESI. The rate was more than double the growth for the rest of the energy sector and the overall U.S. economy, according to the newly released 2024 U.S. Energy and Employment Report. Recent data from the Department of Energy showed clean energy employment increased by 142,000 jobs last year, accounting for more than half of new energy sector jobs. One sector that faces particular uncertainty after the election is clean energy, which has received a boost from the Biden administration but faced skepticism from Trump.

Persons: — it's, it's, Daniel Bresette, there's, Biden, Kamala Harris, Donald Trump, Nicole Bulgarino, Caroline Leilani Stevenson, Stevenson, Harris, Trump, Joe Biden Organizations: Energy, Environmental, Energy Study Institute, . Energy, Science, Department of Energy, Trump, Ameresco, Department of Defense, Green, Deal, CNN, White, Green New, Economic, of New Locations: U.S, Europe, Ameresco, Honolulu, Maui, New York, of New York

☆ Why it's so difficult to build nuclear power plants in the U.S.
▼ + stars: | 2024-09-06 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

Plant Vogtle, a nuclear power plant in Waynesboro, Georgia, is the largest source of clean energy in the U.S. following the addition of two new reactors, according to Georgia Power. The plant's unit 4 reactor began commercial operations in April and unit 3 went online last year. But bringing a nuclear power plant to life is difficult and costly. The U.S. has 54 operating nuclear power plants and 94 reactors, making it the world's largest producer of nuclear power — accounting for 30% of global nuclear electricity, according to the World Nuclear Association. So why is it so hard to build nuclear reactors in the U.S. and should the new Vogtle reactors be a blueprint or a cautionary tale for the future?

Persons: Chris Womack Organizations: Georgia Power, Southern Co, World Nuclear Association Locations: Waynesboro , Georgia, U.S, Fukushima, Covid

☆ Finland will soon bury nuclear waste in a geological tomb that’s built to last for 100,000 years
▼ + stars: | 2024-08-29 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Jonathan Nackstrand | Afp | Getty ImagesFinland is on the cusp of burying spent nuclear fuel in the world's first geological tomb, where it will be stored for 100,000 years. The pioneering project has been hailed as both a watershed moment for the long-term sustainability of nuclear energy and "a model for the entire world." Nuclear energy currently provides about 9% of the world's electricity, according to the World Nuclear Association. Finland is poised to bury spent nuclear fuel in the world's first geological tomb. KBS-3 is based on a multi-barrier principle, where several engineered barriers seek to ensure the long-term safety of the spent nuclear fuel.

Persons: Jonathan Nackstrand, Posiva, Gareth Law, University of Helsinki Tuohimaa, Tuohimaa, Kai Mykkänen Organizations: Afp, Getty, CNBC, videoconference, University of Helsinki, World Nuclear Association, Nordic, KBS, Swedish Nuclear, Waste Management Company, U.S Locations: ONKALO, Eurajoki, Finland, Finnish, Olkiluoto, Helsinki, Europe, Asia, Sweden

☆ Mexico’s President Bet Big on Oil. His Successor Will Be Stuck With the Tab.
▼ + stars: | 2024-08-24 | by ( Simon Romero | ) www.nytimes.com time to read: +1 min

On a sweltering day in August, Claudia Sheinbaum appeared with her mentor, President Andrés Manuel López Obrador, to inaugurate one of the costliest infrastructure projects in Mexico’s history: a $16 billion oil refinery. The sprawling complex in Mr. López Obrador’s home state, Tabasco, forms the capstone of an energy strategy that he will bequeath to Ms. Sheinbaum, a climate scientist, when she takes the presidency in October. Mexico’s oil production tumbled to a 45-year low this year, one of the steepest output declines anywhere in the world this century. Blackouts plagued the country after Mr. López Obrador heaped scorn on wind farms that could help satisfy electricity demand. Natural gas imports for the strained grid are soaring, making energy independence an ever more distant dream.

Persons: Claudia Sheinbaum, Andrés Manuel López Obrador, López, Sheinbaum, López Obrador Locations: Tabasco, Mexico

☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

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