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Climate Tech

Entech's logo and boilers.
Climate Tech

This AI Software Saved New Yorkers $5 Million in Heating Costs

Entech’s S2 platform debuted last year to help make century-old boilers more efficient.

AM Briefing

Great Tokamak Mountains

On Chinese nuclear, Mongolian uranium, and screwworm spreading

Blue
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
Fusion.

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
AM Briefing

Oklahoma!

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

Gentner Drummond.
<p>Heatmap Illustration/Getty Images</p>

Current conditions: The southwest monsoon known as “hagabat” has started in the Philippines, dumping up to 4 inches of rain on the archipelago • A strong geomagnetic storm, ranked just two levels below the most powerful type of event of this kind, is underway, threatening radio signals, GPS, and other human instruments that are sensitive to shifts in the Earth’s magnetic fields • San Antonio, where the glorious New York Knicks defeated the Spurs last night, is bracing for rain through the weekend.


THE TOP FIVE

1. U.S. oil stocks drop to the lowest level since 2004

To put it in terms a movie lover could understand, President Donald Trump’s Iran War is drinking the U.S. government’s milkshake. Federal stocks of oil have dropped to their lowest level since 2004. Commercial crude stocks fell by 8 million barrels to 433.7 million last week, according to The Wall Street Journal. Unless the Strait of Hormuz reopens soon — which looks less likely now that Iran has called off negotiations with the U.S. and Israel — prices could hit $200 per barrel by summer, said Bob McNally, president of the Rapidan Energy Group consultancy and a former White House adviser. “You start to raise the risk of spillover into other sectors, the economy and financial system … it detonates fragilities in the broader economy and financial system,” he told the Financial Times.

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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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