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Climate Tech

Qcells workers.
AM Briefing

A Solar Bright Spot

On grid investments, CANDUs, and green steel

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
Wind and solar power.

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
AM Briefing

Trump's Billion-Dollar Coal Gamble

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

Donald Trump.
<p>Heatmap Illustration/Getty Images</p>

Current conditions: Tropical Storm Amanda has formed in the eastern Pacific off Baja California, marking the first big storm of the season • Typhoon Jangmi is pummeling Japan, leaving 60,000 without electricity • Western and central Argentina are bracing for a deluge of up to 8 inches of rain this week.


THE TOP FIVE

1. Trump offers nearly $1 billion in funding for coal

President Donald Trump just upped his bid to revive America’s dying coal-fired power sector. In the first of three funding announcements Thursday, the Department of Energy said it would spend up to $425 million to support the supply chain and expand the capacity of at least 13 coal plants. The agency said in the same press release that it would give $75 million to build a new coal export facility at the West Gateway Terminal Project in Oakland, designed to ship more than 10 millions tons of coal overseas each year. Then the Energy Department unveiled another $350 million to support construction of America’s first new coal plants in over a decade: one in Anchorage, Alaska, and the other in Mt. Storm, West Virginia. The money will also support an upgrade of Puerto Rico’s only coal plant, the infamous 510-megawatt facility in Guayama, and the recommissioning of a 205-megawatt Cumberland, Maryland-based plant that shut down in 2024. Since taking office, Secretary of Energy Chris Wright has repeatedly ordered coal plants set to shutter to remain open, despite steep costs to utilities that the companies are now challenging in court. But coal plants themselves have played the biggest part in thwarting his plans, given that — as Heatmap’s Matthew Zeitlin wrote last year — they keep breaking down.

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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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