Sign In or Create an Account.
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
The Karachi nuclear plant, where China built two Hualong One reactors.Str/Xinhua via Getty Images
China is constructing more reactors at home than any other country by far, and it’s gotten quite good at building its standardized designs for large light water reactors faster and more cheaply than anyone else in the business. Yet Beijing has been slow to make export deals, so far selling just six reactors to two separate power plants in Pakistan. But the People’s Republic is stepping up. With a growing number of countries now seeking to build their first or latest nuclear stations, China is now bidding on major projects. Beijing went head to head with Washington in Riyadh when offering to build Saudi Arabia’s first atomic power station. Now China has submitted what Serbian President Aleksandar Vucic called “an incredible proposal” to build what would be the country’s first nuclear project in a European country, according to NucNet. It’s part of a broader investment scheme that includes $1.1 billion to boost production of artificial intelligence, automobiles, and robots, Bloomberg reported.
That’s far from the country where green technology is finding ways out of China. On Tuesday, InsideEVs reported that Jeep-owner Stellantis is considering manufacturing Chinese-branded cars in Mexico and Canada. Stellantis already owns a majority stake in the Chinese joint venture Leapmotor, and maintains a small North American factory footprint for the brand. The company is using one of its factories in Spain to produce Leapmotor cars in Europe, and now it’s also in talks with the Chinese automaker Dongfeng about adding its more expensive Voyah models to its lineup in France. Still, Stellantis CEO Antonio Filosa warned that such vehicles won’t be hitting American streets anytime soon. “I believe that there is space in Mexico. There is, maybe, space in Canada. We’ll see,” Filosa told CNBC. “Now there is no space in the United States. We don’t see that.” Maybe not for long. As Heatmap contributor Andrew Moseman put it in January: “Chinese EVs are at the gates.”
The United States achieved energy dominance over Europe as the continent started buying loads of liquified natural gas from America to replace pipeline fuel that once flowed west from Russia once the war in Ukraine began. The Iran War looked set to only deepen that advantage as the blockade of the Strait of Hormuz kept shipments of Qatari LNG at bay. But North America’s other big energy producer is muscling in. On Tuesday, The New York Times reported that Canada had struck a deal to export up to a million metric tons of LNG to Germany each year from a Pacific Coast terminal in British Columbia. The first deliveries would be due in the early 2030s, and the contract would continue for 20 years. Officials told the newspaper the deal would be announced today.
Sign up to receive Heatmap AM in your inbox every morning:
Last week, I told you about Otovo, a U.S. -Norwegian startup that billed itself as a kind of AAA for rooftop solar panels and other home energy systems. Founded by the former chief executive of the bankrupt solar installer Sunnova, Otovo aims to serve the very customers “orphaned” by the Chapter 11 and left without a go-to company to fix faulty panels, batteries, or generators. So far, Otovo has built a base of about 30,000 customers subscribed to its repair service, two-thirds of whom are in Europe. On Wednesday morning, I can report exclusively for this newsletter, the company plans to announce that it acquired the customer book from SunSystem Technology. The customer base covers nine U.S. states, nearly tripling Otovo’s footprint to 14 states in total. The deal marks Otovo’s seventh acquisition since its relaunch less than a year ago.
Last week, the Department of Housing and Urban Development published an interim final rule axing a key step from the environmental review process for large, federally-backed developments. Environmental assessments conducted by HUD staff on projects with more than 200 units will now, according to E&E News, “no longer need an additional review by the field environmental clearance officer.” The change, set to take effect June 22, is meant to streamline affordable housing construction.
The National Oceanic and Atmospheric Administration’s effort to smooth the permitting rules for companies looking to start a whole new sector the deep seafloor is similarly picking up pace. The Metals Company, the U.S.-Canadian startup that helped pioneer the latest effort at establishing a global industry, is the well-known frontrunner racing for U.S. approval, even as the United Nations body that regulates commerce in international waters has yet to lay out its own ground rules for tapping the ocean floor for minerals. As I told you back in March, that U.N. entity, the International Seabed Authority, promised to broker a deal for a global permitting regime this summer. In the meantime, E&E News reports that at least eight ventures are now vying for federal permits in the U.S.
Amazon, Google, Meta, and Microsoft were among the companies to sign onto a new initiative designed to support investment in next-generation energy and materials technologies meant to reduce the environmental impact of data centers. The Data Center Innovation Initiative, organized by the nonprofit investor group Elemental Impact, “will test and validate critical technologies in data center environments, creating potential pathways for future adoption across broader energy and industrial sectors.” Other participants include Salesforce and Bill Gates’ Breakthrough Energy. “Data centers are uniquely positioned to serve as catalysts for clean energy and sustainable building materials,” Nat Sahlstrom, Meta’s vice president of energy and sustainability, said in a press release. “By sharing what we learn together, we can support entrepreneurs to scale faster and move these innovations to real-world impact.”
Update: This article originally misidentified a signatory of the Data Center Innovation Initiative. It has since been corrected. We regret the error.
