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On Tesla’s sunny picture, Chinese nuclear, and Bad Bunny’s electric halftime show

Current conditions: The Seattle Seahawks returned home to a classically rainy, overcast city from their win in last night’s Super Bowl, though the sun is expected to come out for Wednesday's victory parade • Severe Tropical Cyclone Mitchell is pummeling Western Australia with as much as 8 inches of rain • Flash floods from Storm Marta have killed at least four in Morocco.
Orsted’s two major offshore wind projects in the United States are back on track to be completed on schedule, its chief executive said. Rasmus Errboe told the Financial Times that the Revolution Wind and Sunrise Wind projects in New England would come online in the latter half of this year and in 2027, respectively. “We are fully back to work and construction on both projects is moving forward according to plan,” Errboe said. The U.S. has lost upward of $34 billion worth of clean energy projects since President Donald Trump returned to office, as I wrote last week. A new bipartisan bill introduced in the House last week to reform the federal permitting process would bar the White House from yanking back already granted permits. For now, however, the Trump administration has signaled its plans to appeal federal courts’ decisions to rule against its actions to halt construction on offshore turbines.
The fight over the billions in federal funding the White House is holding up for the Gateway rail project between New Jersey and New York, meanwhile, heated up over the weekend. On Friday night, a federal judge ordered the Trump administration to unfreeze the nearly $16 billion to the project, just hours after construction ground to a halt as funding ran dry. In her ruling, U.S. District Judge Jeannette Vargas of the Southern District of New York wrote that “plaintiffs have adequately shown that the public interest would be harmed by a delay in a critical infrastructure project.” Trump had his own idea in mind. Over the weekend, the White House proposed releasing the money only if Senate Minority Leader Chuck Schumer of New York agreed to rename Penn Station after Trump.
Tesla has started hiring staff to ramp up production of solar panels as the company looks to build 100 gigawatts of panel-manufacturing capacity supplied with raw materials produced in America. In a job posting on LinkedIn, Seth Winger, Tesla’s senior manager for solar products engineering, wrote that the panel-producing buildout was “an audacious, ambitious project.” For that, he wrote, “we need audacious, ambitious engineers and scientists to help us grow to massive scale. If you want to solve tough manufacturing problems at breakneck speed and help the U.S. breakthrough on renewable energy generation, come join us.” One of the listings indicated that the target date for bringing the new factories online was the “end of 2028,” giving an indication of timing that Reuters noted had been previously absent from Elon Musk’s public statements. Bloomberg reported last week that Tesla is already looking at sites in New York, Arizona, and Idaho for its manufacturing expansion.
The Trump administration tried to yank permits from the offshore wind projects off New England on the grounds that the towering turbines caused more ecological destruction than the electricity is worth. On Friday, however, Trump signed a proclamation reopening a giant marine preserve in the Atlantic Ocean to commercial fishing. First established at the end of the Obama administration, the Northeast Canyons and Seamounts Marine National Monument lies 130 miles off the coast of Cape Cod, encompassing what The New York Times described as “an area the size of Connecticut that is home to dolphins, endangered whales, sea turtles, and ancient deep-sea corals.” While Trump lifted the ban on commercial fishing in the zone during his first administration, President Joe Biden reinstated the restrictions. But this isn’t the first time Trump reopened a national marine national monument to fishing. In April, he ended protections for the Pacific Islands Heritage Marine National Monument located 750 miles west of Hawaii and designated by President George W. Bush in 2009.
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Connecitcut’s Department of Insurance has launched a website that displays extensive information about the climate risk of every property in the state in what E&E News called “an unprecedented move to alert residents and to promote flood insurance.” The details include each property’s history of damage from floods and other events predicted to get worse as the planet warms. “A single risk score does not fully convey flood and climate risk,” department spokesperson Mary Quinn said. The department plans a marketing campaign this year with ads on radio, TV, and social media, and workshops for insurance agents on how to use the website. Nationwide, climate change is already raising household costs by $900 per year, as Heatmap’s Matthew Zeitlin reported last year. Wildfires have already “destroyed California’s insurance market,” according to an interview with Heatmap's Shift Key podcast last year with an expert at the University of Pennsylvania’s Wharton School.
Unit 1 of the Taipingling nuclear power station in China’s Guangdong has reached criticality seven years after construction began on the gigawatt-sized Hualong One reactor. The debut atom-splitting means the newest reactor is months, if not weeks, from entering into commercial operation. If that enticingly single-digit number of years to build a piece of infrastructure that takes the U.S. more than a decade wasn’t enough of a sign of China’s nuclear strengths, the country this week hit another milestone on a separate atomic station. At the Zhangzhou-3 nuclear reactor, workers last week installed the inner steel dome of the containment building.

Nearly a decade after Puerto Rico’s power grid collapsed and plunged America’s most populous territory into the second-longest blackout in world history, the island’s biggest musical star performed a Super Bowl halftime show that included linemen working on transformers. Bad Bunny’s performance, a revue of his reggaeton hits, served as an ode to what he called “my motherland, my homeland, Puerto Rico.” The grid still suffers regular outages. When it’s working, the power system sends occasional surges through wires that fry appliances. Electricity rates are higher than almost any state, despite Puerto Rico suffering worse poverty rates than Mississippi. At one point, Bad Bunny climbed a utility pole on stage waving a light-blue Puerto Rican flag, a symbol of the movement to establish the island territory as its own independent nation. It was a powerful political statement at America’s most-watched sporting event. For energy nerds, it was a rare opportunity to reflect on one of the worst, most prolonged infrastructure disasters in modern American history.
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September bills in competitive Republican-held districts have risen by a median of 21% between 2024 and 2026.
New Jersey’s 7th District is an odd place for an affordability fight.
The 15th wealthiest congressional district in the country, NJ-7 stretches from the tidal strait bordering New York’s Staten Island to the winding Delaware River state line with Pennsylvania. Between those two bodies of water, roughly a third of households earn more than $200,000 a year. The 7th Congressional District is also New Jersey’s “one rare and surprising swing district,” per Gothamist, and, as a result, it is also the spendiest on elections: the 2024 high-water mark of $26.3 million in campaign spending will likely be surpassed this year by incumbent Republican Tom Kean Jr. and Democrat Rebecca Bennett.
Needless to say, there are comparatively few constituents in NJ-7 for whom paying $40 more on a September electricity bill than two years ago — or about $300 more over the past 12 months — is the difference between whether they can afford groceries or not. But like many other Republican-held competitive seats this election year, the district has seen its electricity rates increase since just before President Donald Trump took office for his second term, according to the latest data available in Heatmap and MIT’s Electricity Price Hub.
In NJ-7, residents paid about 35% more on their electricity bills this September than two years ago; bills are up more than 18% over the past 12 months compared with the year before. Over that same time period, the Cook Political Report with Amy Walter moved Kean’s reelection race from “lean Republican” to “toss-up” to where it stands now: “lean Democrat.” NJ-7 is largely served by Jersey Central Power & Light and Public Service Electric and Gas Co, and, for both, increases in basic generation service charges — that is, what utilities charge for the production and supply of electricity — drove most of the spikes in bills.
“Kean Jr. voted to roll back commonsense energy tax credits and jack up electricity bills for New Jersey families,” the Democratic Congressional Campaign Committee wrote in a June memo, seizing on the opportunity. “Skyrocketing utility bills are a major issue in the Garden State, and Kean Jr. is part of the problem.” The National Republican Congressional Committee has defended Kean by pointing to his vote for the Ratepayer Protection Act (which passed the House last month only to fail in the Senate) and his record of opposing “Green New Deal policies” to “protect families from rising costs.”
The New Jersey race has more to it than electricity prices, of course; the 7th District election has drawn national attention, including involvement from Elon Musk and, at one time, President Trump. But if even a race in one of the country’s wealthiest districts has become a referendum on affordability to some extent, incumbent Republicans elsewhere are certainly feeling constituents’ ire, too. In the 42 closest races listed as “toss-up” or “leans” by the Cook Political Report, September bills in Republican-held districts have risen a median of 21% from 2024 to 2026, compared with just 13% for Democratic-held seats (and compared to 16% across all 435 House districts).
Comparing September bills is useful because it suggests how voters are perceiving utility costs as they prepare to submit their ballots. But September, being a shoulder season, can also vary in temperature in many parts of the country, meaning bills may be higher because of a late summer heat wave — or an early cold snap. Still, looking over the past 12 months, bills in competitive Republican-held districts have risen twice as fast as those in competitive Democrat-held seats (8% vs 4%). Overall, 22 of the 29 Republican-held House seats in active play this November are in places where electricity bills have risen more than 10% since Trump’s election.
Another race where affordability concerns and rising electricity bills seem to be intertwined is Pennsylvania’s 10th Congressional District, held by Republican and former House Freedom Caucus head Scott Perry. The typical September bill in PA-10 rose from about $126 to $202 in just two years, a 61% increase, according to the Electricity Price Hub. (The most recent data for the district are projections, because New York and Pennsylvania release their reports on a delay.) Among the utilities in PA-10, generation contributes the largest amount to average bills, with costs roughly doubling since 2020.
Pennsylvanians are feeling it: 57% of registered voters in PA-10 told a local pollster it is “very” or “somewhat” difficult to afford monthly utility costs, making it a bigger financial struggle than groceries, gas, rent, or health care.
Perry’s opponent, Janelle Stelson, has hammered him on affordability (including gas prices) while groups like the Natural Resources Defense Council have labeled Perry as a “rate raiser,” pointing to his coziness with the fossil fuel industry and his proud opposition to renewable energy development.
Perhaps nowhere are utility rates more central to a House race than in New York’s 17th Congressional District, where Republican incumbent Mike Lawler is in a “toss-up” race against Democrat Cait Conley. His constituents are paying about $50 more on a September electricity bill than they were before he was elected in 2024, while bills have risen more than 17%, or over $330, in the past 12 months compared with the year prior. (Across the utilities servicing NY-17 — as well as NY-19, another district where utility bills are a central talking point— the delivery portion of the bill tends to be the largest, though generation costs have also grown substantially over the past five years.)
While rising electricity bills have given Democrats an easy line of attack on vulnerable Republicans heading into the midterms, Congress admittedly doesn’t set utility rates and there are limited levers for elected officials to pull to keep them down in the short term. Heatmap’s data, rather, indicates the places where voters appear especially sensitive to rate increases and may be taking it out on their elected officials — although there are still caveats.
For example, the trends are also largely regional. Our data shows the steepest electricity increases among a cluster of seats in Pennsylvania, New York, New Jersey, and Ohio — many of them Republican seats in purple areas that Democrats would have targeted with or without the ammo of higher electricity prices. In other parts of the country, competitive races in California and Arizona have actually seen falling electricity bills.
Two can play the rate increase blame game, too. In New York’s 19th Congressional District, incumbent Democrat Josh Riley is running on lowering utility bills — as is his Republican opponent. (That race isn’t considered competitive by Cook, which puts Riley as the “likely” favorite.) In Ohio’s 9th Congressional District, a toss-up race where bills were about $40 higher in September of this year than in 2024, incumbent Democrat Marcy Kaptur and her allies are on the defensive and warn that her challenger, Derek Merrin, could jack them up even more.
Bills are up everywhere on average, and when you pull back, the influence on elections appears relatively small: the median competitive district’s bills rose 11.4% compared to the median bill for a safe seat, 10.3%, in January–September 2026 versus January–September 2024. The per-kilowatt-hour price of electricity (as distinct from household bills) rose slightly less in competitive races (8.2% median) than in safe seats (9.7% median). In some places feeling the squeeze on electricity bills, bigger issues are driving the election: Carol Obando-Derstine, a former utility employee who campaigned in Pennsylvania’s 7th District on lowering power bills, ultimately lost the Democratic primary to a candidate focused more on corruption and greed.
But in other districts, it won’t matter whether representatives have little control over electricity bills or whether rising prices are a national trend. “I’m working hard to keep my lights on,” one constituent says in a House Majority PAC ad that makes the case against the Republican, Lawler, in NY-17. “My bills keep going up.”
Current conditions: A new nor’easter is washing the ocean over North Carolina’s Highway 12 right as crews complete reconstruction on the Outer Banks thoroughfare following last month’s storm • After whipping Mexico’s Pacific Coast with heavy rains, Hurricane Trudy has weakened to a Category 1 storm • Super Typhoon Champi knocked out power for more than half of Guam before barreling toward the Philippines as a potential Category 5 storm.
Last week was the worst week for the tech-heavy Nasdaq 100 Index since President Donald Trump’s tariffs roiled the market in April 2025. The reason? Hotter than expected federal data on inflation fueled fears of an interest rate hike that could prove devastating to the buildout of artificial intelligence infrastructure. Investors were already worrying the physical investments would cost more than giants such as ChatGPT-maker OpenAI or Claude-creator Anthropic are set to earn. But on Monday, semiconductor makers such as Oracle, Intel, and Micron Technology rallied as the AI rout came to an end. Yet CoreWeave, the cloud-computing heavyweight that led the selloff last week, closed slightly lower. The issue, investors told CNBC, is the company’s debt load. “The market tends to get worried about companies that have refinance risk when rates are higher, and CoreWeave was a little bit of the poster child,” John Lloyd, global head of multi-sector and corporate credit at Janus Henderson, whose firm owns CoreWeave bonds due in 2031, told the broadcaster. “They need the debt markets in order to grow, in some form or fashion.” That CoreWeave came close to bouncing back at all comes down at least in part to Ark Investment Management chief Cathie Wood opting to buy about $12 million of shares in the company amid the market plunge last week, a play for which The Street notes she’s known. Notably, Oracle, which was previously dubbed the “canary in the coal mine” for concern over AI debt, closed just 1% higher before plunging in after-market trading.
Microsoft, meanwhile, pulled out a major data center deal in the United Kingdom to anchor Nscale Global Holdings’ debut facility in the country, located in Loughton on the outskirts of London. But The Wall Street Journal reported that power supply issues ultimately caused Microsoft to back out of the 50-megawatt project, highlighting how hyperscalers can throw a major data center complex into disarray even at a later stage in the development. Nscale’s upcoming $35 billion stock market debut rests, as The Information noted, on its ability to build data centers.
Amazon is backing a deal for another power plant built with X-energy’s next-generation reactors. On Monday, the high temperature gas-cooled reactor startup, in which Amazon took an equity stake two years ago, signed a joint development agreement with American Electric Power to evaluate a potential 960-megawatt project at a former coal site in Sullivan County, Indiana. In a press release, AEP CEO Bill Fehrman said Amazon’s support provided “all necessary capital protections and financial safeguards that we have said are essential for any potential nuclear project to move forward.” That’s a notable departure from the line many utilities executives share in private, which is that — absent some kind of federal cost overrun insurance — building new reactors will prove too difficult a sell to shareholders. It’s part of a string of nuclear deals for Indiana, which currently has no operating atomic power reactors in its borders. On Monday evening, AtkinsRealis, the developer behind Canada’s signature CANDU reactor technology that can run on raw uranium, announced a memorandum of understanding to build up to 6 gigawatts of the pressurized heavy water reactors in Indiana. The state and the utility Hoosier Energy are the counterparties to the agreement.
In Arkansas, meanwhile, Google unveiled a new “enhanced partnership” with utility giant Entergy to power the tech giant’s West Memphis campus. As part of the agreement, Google pledged to support solar, battery, and transmission investments in Arkansas that the companies said would deliver “at least $500 million in new savings for all customers.”
Secretary of Energy Chris Wright called out New York Governor Kathy Hochul for holding up a natural gas pipeline he said would lower heating prices for residents in the Northeast as early as winter of 2028. During an appearance Monday on the Fox Business Network, Wright touted his agency’s decision last week to award Williams Companies $42 million through the wartime Defense Production Act to speed up construction of the Constitution Pipeline. “We wanted to get this in by winter of 2027 but delays and still opposition from energy-subtraction Democrats has unfortunately slowed the effort,” Wright said. “The delay right now is the governor here in New York State. We’ve been talking with her. We hope she’ll go along with this. Maybe after the election, I think she will.” The governors of all six New England states, he said, “are all on board with it.”
In a statement to me, Hochul spokesperson Ken Lovett called the announcement “nothing more than a political ploy to divert attention from Trump’s tariffs and his reckless war in Iran that have not only failed to bring down prices as the president promised, but have dramatically driven up home energy costs and gas prices at the pump.” He added that, “while the president continues to obsess over blocking renewable energy projects in order to focus on gas, oil, and even coal, Governor Hochul is focused on driving an all-of-the-above energy strategy designed to keep the lights on and costs down for New Yorkers.”
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Albertans are the richest Canadians on average, thanks to the province’s oil and gas industry. They’re also — after the Quebecois, of course — among the Canadians with the strongest claim to a distinct identity from the national Anglo norm, often drawing comparisons to Texans within the U.S. Monday offered the biggest test yet of just how differently Alberta sees itself. Turns out whatever regional resentments Albertans may have against Ottawa after a decade of Liberal Party rule that frequently sought to restrict the oil and gas sector hasn’t been enough to merit secession. Voters overwhelmingly rejected a nonbinding referendum calling for a real vote on whether to split away from Canada and establish an independent Alberta. At least part of the reason may be that Prime Minister Mark Carney has put a new focus on beefing up Canada’s domestic energy industries in a bid to increase exports and make the country less reliant on an increasingly aggressive U.S. That includes building new pipelines. But a new analysis by Reuters warns that a successful infrastructure buildout won’t lead to another jobs boom in oil. Much of the growth in oil sands output, instead, “is likely to come from automation and efficiency gains rather than large-scale hiring,” the newswire reported, citing industry forecasts and nearly a dozen interviews with company officials, workers, politicians, and academics. Carney admitted as much when asked by the reporter during a visit to Alberta’s Fort McMurray this month: “I wouldn't use the term ‘boom.’ I would use ‘sustained growth.’”
Europe, meanwhile, is trying to keep its own populist blowback to rising prices contained. Right as violent protests over cost of living spread from France to Italy, the Italian government has struck a deal with the European Commission that Prime Minister Giorgia Meloni expects to slash household energy bills ahead of next year’s elections. Under the agreement, according to the Financial Times, Italy will be allowed to compensate gas-fired generators to keep wholesale electricity prices from rising above €59 per megawatt-hour, roughly $66. The European Union’s market rules require that the last and most expensive source of electricity tapped to meet demand serves as the wholesale price. But the EU’s executive chamber allowed for Italy to ease its rules after prices surged 45% higher than in nuclear-powered France and renewables-rich Spain last month.
China’s exports of solar panels fell 6.4% last month compared to the same period last year, according to Reuters. That marks the fifth straight year-on-year decline in 2026. It’s a sign that China is cracking down on its glut in solar manufacturing. But Beijing isn’t looking to lose its edge over the fastest growing electricity source in the world. Last week, Bloomberg reported that China had added 12 pieces of solar-related manufacturing equipment to its list of items restricted from export. That could make it much more difficult for U.S. manufacturers comply to stand up factories given the Trump administration’s 232 import restrictions on Chinese solar equipment, which take effect later this year. The results of the Department of Commerce’s Section 232 investigation into polysilicon, which my colleague Emily Pontecorvo and I covered here, are meant to be the Trump administration’s lifeline to solar manufacturers who lost a key incentive when federal tax credits expired, ending a bonus program for developers that use domestically-made panels.
One area where China has appeared to be gaining an edge — green hydrogen production — may still remain a competitive industry for Western manufacturers. Chinese electrolyzers, the machines needed to separate the H from H2O with electricity, cost less than half of those made outside the country, according to data from the International Energy Agency. But trade levies erase much of that advantage, ultimately reducing capital expenditures by only 8% for European projects using Chinese equipment, Hydrogen Insight reported.
Call it mine-to-battery manufacturing. As demand for batteries booked, Ivanhoe Electric had planned to differentiate itself by taking a fully integrated, farm-to-table approach, owning and operating its own copper mine, refining the metal, and ultimately turning that copper into cathodes for batteries all at its same site in Arizona. Now, however, there’s an even bigger sector demanding copper: Data centers. New data center projects are driving so much demand for copper that the company is considering selling its copper to buyers other than itself, Bloomberg reported.
The company simplifies the process of getting consistent, apples-to-apples bids.
With commercial electricity prices steadily climbing, many businesses and real estate owners are increasingly eager to generate and store their own power onsite, cutting their bills and making costs more predictable. But figuring out whether solar and storage can actually pencil out — and under what conditions — can be a nightmare. Ask a handful of developers for a quote and you might get a rooftop solar array from one, a ground-mounted solar and battery system from another, and a gas turbine from a third, each with its own size, price, and financing terms.
That leaves buyers comparing apples to oranges. And for businesses evaluating a portfolio of potential projects, the process gets even messier. “These are very local-centric systems. Different interconnection requirements, different permits, different suppliers,” Gareth Evans, CEO of the onsite energy planning and procurement startup Veckta, told me. “There are hundreds of solar developers in every state.” The hard part, he added, is “knowing what supplier to go with, how to ask them the right questions in the right language, in the right format, so that you’re getting consistent bids back that you can compare and contrast.”
That’s the tension San Diego-based Veckta has built its business around. And on Tuesday, the startup announced an oversubscribed $11 million Series A to scale its solution. Origin Ventures led the round, with participation from others including the climate-focused investor VoLo Earth Ventures, which led Veckta’s $3.3 million pre-seed round in 2022.
The company starts with a single input: a property address. Veckta’s software analyzes over 5,000 data points, including utility rates, grid emissions, outage risk, local equipment and construction costs, and available incentives to assess — in under a minute — whether an onsite energy project makes financial sense. That helps buyers define their needs, from system size and installation type to contract terms, and ensures that potential suppliers are bidding on the same requirements. The result is a set of comparable proposals, without the upfront cost of hiring a consultant or supply chain expert.
Veckta’s platform includes more than 3,000 vetted suppliers. As bids come in, the startup automatically compares them based on factors including the supplier’s track record, warranties, equipment offerings, compliance with foreign entity of concern requirements, and ability to leverage federal and local incentives. From there, Veckta makes its recommendations. “Supplier A is your best option if you want U.S.-made equipment with the longest warranty, best guarantee, and they’ve done these projects before,” Evans explained, by way of example. “Supplier B is disqualified because they’ve never done a project in your state.”
Out of the roughly 34,000 customer sites Veckta has analyzed, Evans said 37% would see positive returns today by installing solar panels, battery storage systems, or both. That translates to $3.1 billion in potential project value, concentrated largely in markets with high electricity rates such as the Northeast and California, and among businesses facing steep peak-demand charges. But as utility rates continue to rise and installation costs fall, he expects onsite power to become cost-competitive with the grid at “almost 100%” of sites within five years. The startup estimates that would unlock a whopping $12 billion in potential project value.
Veckta wouldn’t capture all that itself, of course. Rather, it generates revenue in two ways: buyers pay an upfront platform fee, and the winning supplier pays a success fee once a contract is signed. Evans told me the startup has been net profitable for the past year, though he would not share specifics. So far in 2026, customers have signed contracts for onsite energy projects at 128 sites. These typically range from 250 kilowatts for businesses like car dealerships and retail stores to 10 megawatts or more for manufacturing facilities, warehouses, or cold storage facilities. “That ranges from Fortune 500s right down to your individual business owner,” Evans told me.
With this latest raise, Veckta plans to expand its supplier network and grow its sales, marketing, and customer support teams. It also wants to help customers capture additional revenue streams from their onsite energy systems, such as by connecting them with demand-response programs, using batteries to provide grid services like frequency regulation, and selling renewable energy credits.
Named customers include rental car company Enterprise Mobility, real estate investment trust Regency Centers, and auto dealership group Lithia & Driveway. About 80% of the projects the platform facilitates today involve rooftop solar paired with batteries, but the company has begun to branch out.
“We’ve done waste-heat-to-energy, we’ve done EV chargers, done backup generators, and then the latest is, we’ve just finished our first pilot on roof replacements,” Evans told me. “We are firm believers that for any complex purchase that is a non-commodity that you can’t just buy off the shelf, we are best placed to help our customers competitively source those deals.”