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Climate Tech

A future fusion plant.
AM Briefing

Great Tokamak Mountains

On Chinese nuclear, Mongolian uranium, and screwworm spreading

Climate Tech

AI IPOs Could Create a Wave of New Funding for Climate Tech

All that cash has to go somewhere. Why not philanthropic funding for decarbonization?

Green
AM Briefing

A Safer Harbor

On desalination, Japanese nuclear, and Latin American hydroelectricity

Blue
Climate Tech

Funding Friday: Helion Just Tripled Its Valuation

Plus more of the week’s big money moves in critical minerals and electric vehicle charging.

Green
Donald Trump.

Trump's Billion-Dollar Coal Gamble

On flesh-eating parasites, Italian nuclear, and China’s “wasted” renewables

Blue
Gentner Drummond.

Oklahoma!

On depleted U.S. oil stocks, Taiwan geothermal, and hybrid sales

Blue
Daily Briefing

What’s Powering Clean Energy

Notes from Heatmap’s second Energy Entrepreneurship Summit.

A tokamak.
<p>Heatmap Illustration/Getty Images</p>

I’m writing from Washington, D.C., today, after having the privilege of watching (and moderating) Heatmap’s second Energy Entrepreneurship Summit this morning. We heard from folks leading in a variety of technologies — geothermal, batteries, fusion, conventional nuclear — but I was struck by a few common themes.

The first was the new wave of excitement about fusion energy and how, in some ways, the artificial intelligence boom has reinvigorated the fusion conversation. Much like fusion, AI was a long-prophesied technology that made steady, iterative improvements over time — and then, one day, delivered a transformative product in the form of ChatGPT. I’m not sure if fusion has yet had a raw technological improvement on par with the transformer, the neural network innovation that preceded today’s AI chatbots and agents, but fusion startups have reported significant improvements in recent years. The industry believes — as do some fusion-pilled policymakers — that they will have commercial reactors on the grid by the mid-2030s.

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AM Briefing

Schoolhouse Hot Rocks

On offshore wind's defense, Three Mile Island, and virtual power plants

The Capitol.
<p>Heatmap Illustration/Getty Images</p>

Current conditions: Heavy hail storms across Belgium, France, and Italy have injured at least 30 people • Powerful winds are churning up dust storms that are blanketing broad swaths of Delhi, India’s capital region • The United Nations just warned that El Niño weather patterns have an 80% chance of returning by September, threatening to supercharge weather extremes.


THE TOP FIVE

1. New York sues the Trump administration over shady offshore wind deals

New York Attorney General Letitia James led a group of Northeast states in a lawsuit against the Trump administration to pay TotalEnergies nearly $1 billion to abandon its two offshore wind leases in the United States. The lawsuit comes on the heels of reporting by Heatmap’s Emily Pontecorvo that found, contrary to the administration’s announcements, the U.S. government’s agreement with Total didn’t actually require any new investments in fossil fuels, as the administration strongly implied, and that the payment may not have actually met the requirements to be drawn from a federal coffer designed to fund legal settlements. “After repeatedly losing in court, this administration cooked up a sham deal to pay a foreign energy company hundreds of millions of taxpayer dollars to abandon offshore wind and invest in oil and gas instead,” James said in a press release. “We are fighting back to stop this illegal agreement that threatens to erase over a thousand union jobs and cheat millions of New Yorkers out of clean, affordable energy.” New Jersey, Connecticut, Maine, Massachusetts, Rhode Island, and Vermont joined the litigation.

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