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His intellectual influences include longtime climate action skeptics — and Bill Gates’ favorite author.

Donald Trump’s nominee for Secretary of Energy, Chris Wright, is a nerd — and he’ll tell you about it. “I’m Chris Wright, and my short bio is, I started out as a science geek, I transitioned to a tech nerd, and then I’ve been an energy entrepreneur my whole life,” he told energy journalist Robert Bryce on the Power Hungry podcast in 2020. “In addition to an energy nerd, I’ve been a climate nerd for quite some time,” he said in a talk hosted by Veriten, the energy consulting firm in 2023.
This is a far cry from Trump’s first Energy Secretary, the former Texas Governor Rick Perry, who famously failed to remember on the Republican primary debate stage the third of the three agencies he sought to eliminate (it was the Department of Energy) and who reportedly didn’t know that the Energy Department’s responsibilities — and budget — then lay heavily with maintaining the country’s nuclear stockpile.
But Wright’s extensive energy experience — studying nuclear fusion at the Massachusetts Institute of Technology and working early in his career on solar and geothermal engineering (his company, Liberty Energy, the fracking powerhouse he founded in 2011, has invested in the next-generation geothermal company Fervo, and Wright sits on the board of the nuclear company Oklo) — has not won him any plaudits from environmental groups or Democrats who focus on climate change. After Trump announced his nomination, the Sierra Club called Wright a “climate denier who has profited off of polluting our communities and endangering our health and future.” Illinois Rep. Sean Casten, one of the House’s most vocal proponents of climate action, also called Wright a “climate denier who prioritizes the wants of energy producers over the needs of American consumers.”
Few Republicans — and certainly few high-level Trump appointees — are as conversant in climate and energy data as Wright. That may make him an even more effective advocate for Trump’s “energy dominance” strategy, built around increased production of fossil fuels and, almost certainly, fewer subsidies for clean energy and electrification.
Typically when a person gains some notoriety by coming out against immediate, large-scale climate action and restrictions on fossil fuel extraction, climate advocates try to link that person to the fossil fuel industry and its long history of deliberate and knowing climate denial. Wright’s associations, however, are perfectly straightforward: Liberty Energy fracks oil and gas in the United States and Canada on behalf of large oil companies. He thinks the company’s contribution to the good of the world consists of its producing more hydrocarbons — full stop.
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Wright calls this philosophy “energy sobriety,” fully conceding that climate change is real while also diminishing the urgency of mounting a response. In seemingly countless speeches, interviews, and legislative testimonies, as well as in Liberty Energy’s annual “Bettering Human Lives” report — its version of an environmental, social, and governance review — Wright is perfectly comfortable acknowledging climate change while also patiently assaulting many key pillars of climate policy as it’s practiced in the United States, Europe, and other countries in the developed world seeking to sharply reduce greenhouse gas emissions.
While Wright’s written and spoken record adds up to tens of thousands of words and hours of talks, it can be distilled into a few core ideas: Energy consumption makes people better off; energy access, especially in the developing world, is a greater global challenge than climate change; and existing alternatives to hydrocarbons are not capable of replacing the status quo energy system, which still overwhelmingly relies on fossil fuels, with little prospect of a rapid transition.
He cites a wide range of thinkers, including members of a group of scholars — including the Danish political scientist Bjorn Lomborg (whose book, False Alarm, is “fantastic,” Wright said in a Liberty talk), University of Colorado science policy scholar Roger Pielke, Jr. (“a real intellectual”), and the Canadian energy scholar and historian Vaclav Smil (“the greatest energy scholar of my lifetime by far”) — who share elements of this deflationary view of climate change.
Lomborg and Pielke have long been bêtes noires of the climate movement, mostly as the subjects of years of furious back and forth in every form of media for the past two-plus decades. (Though in Pielke’s case, there was also an investigation in 2015 over alleged conflicts of interest led by House Democrat Raul Grijalva, who is retiring from Congress this year.) Lomborg has for decades argued that climate change ranks relatively low on global challenges compared to, say, global public health, while Pielke contends that many climate change policy advocates overstate what the Intergovernmental Panel on Climate Change actually says about the connection between climate change and extreme weather, a point that has made him the object of intense criticism for going on 15 years.
Smil, meanwhile, is deeply skeptical of any effort to wean the world from fossil fuels considering their role in the production of steel, cement, plastics, and fertilizers — the materials that he describes as essential to the modern world. Smil also counts among his fans Bill Gates (“Vaclav Smil is my favorite author”), who is also one of the biggest funders and promoters of climate action through his research and investment group Breakthrough Energy and funding for companies like TerraPower, which is currently building the country’s first next-generation nuclear facility in Wyoming.
Pielke called both Wright and Doug Burgum, Trump’s nominee for Secretary of the Interior and the designated head of a planned National Energy Council “super competent. They know energy, and that’s a fantastic starting point,” he told me.
“There is polarization of the climate debate, and the idea that fossil fuels are evil and the fossil industry are arch-villains — that’s part of the framing from the progressive left about how climate wars are to be fought,” Pielke said. “I’m not particularly wedded to that sort of Manichean evil vs. good framing of the debate.”
But the differences are real. Wright strongly contests much of what is the mainstream of climate policy. While he acknowledges that increased concentrations of carbon dioxide cause higher temperature, he says it’s “actually sort of slow-moving in our lifetimes” and a “relatively modest phenomenon that’s just been wildly abused for political reasons,” he said in a talk to the conservative policy group American Legislative Exchange Council.
While the Department of Energy has only limited authority over energy policy, per se, especially the permitting and public lands issues that typically concern fossil fuel companies, Wright does have some levers he can pull. He will likely act quickly to approve more export facilities for liquified natural gas, though the Energy Department’s recently released study of LNG’s long-term effects — particularly on domestic energy prices — may complicate that somewhat. Beyond that, he will inherit a massive energy research portfolio through the national labs, putting him in charge of developing the energy technology that he says are currently insufficient to replace oil and gas.
“I’ve worked on alternatives. I’d love it if fusion energy arrives,” Wright said in an interview with the conservative website Power Line. “I love energy technology, and I think there’s good things going on, but it’s now become political.”
He believes that reaching net zero greenhouse gas emissions by 2050 is “neither achievable nor humane,” he wrote in the foreword to the 2024 edition of “Bettering Human Lives.” He also disagrees with the idea of subsidizing the world’s predominant forms of alternative energy, solar and wind.
“Wind and solar are never going to be dominant sources of energy in the world,” Wright told Bryce on the 2020 podcast. The “main impact” of subsidies for wind and solar, Wright said in another 2023 podcast episode with Bryce, “is just to make our electricity grids less reliable and electricity prices more expensive, and to do nothing for the demand for oil and very little for the demand for natural gas.”
“Oil and gas make the world go round,” he added. “[People] want higher quality of lives. That’s what drives the demand for oil and gas.”
Bryce, a persistent critic of green energy policies, told me in an email that he thinks Wright is “the right person for the DOE. He’s not apologetic about being an energy humanist. Regardless of what anyone thinks about climate change, it is obvious that we are going to need a lot more energy in the future, and the majority of that new supply will come from hydrocarbons.”
While Wright’s arguments certainly have wide purchase among his peers in the energy industry executive corps, he nevertheless stands out from the rest for his willingness to express them. In contrast to the stance taken by large, multinational energy companies, which are willing at least to pay lip service to carbon reduction goals and have, at times, embraced branding and marketing strategies to make them seem like something other than oil and gas companies (e.g. ExxonMobil’s algae-based fuel initiative and BP’s notorious “Beyond Petroleum” campaign), Wright and his company see their contribution to a better world as their work extracting oil and gas.
Other executives “don’t want to deal with the criticism that will come with taking a higher-profile stance,” Bryce told me. “They don’t have time or the inclination. It takes a lot of time, courage, and conviction to engage with the media, get on the speaking circuit, and do so in a thoughtful way.”
Wright’s emphasis on the energy poverty faced by poor countries could potentially serve as a diplomatic bridge to the developing world, especially in Africa, where some observers think there’s space for the United States to start funding natural gas development through the International Development Finance Corporation. For Wright, expanding energy production — and specifically fossil fuel development — is crucial to providing cheap energy to the developing world. He mentions in almost every talk the billions of people who use wood, dung, or other biofuels on open fires to cook indoors, causing 3 million premature deaths per year.
“The biggest problem today is a third of humanity doesn’t have hydrocarbons,” Wright told Bryce in 2023. In a 2023 speech to the American Conservation Coalition, a conservative environmental group, he described strictures against financing fossil fuel development as “not just ignorant or bad policy” but “immoral.” His solution: distributing propane stoves as widely as possible, in part through his Bettering Human Lives Foundation.
Here might be the greatest challenge for advocates of climate action: Even if most of the world’s leaders have accepted the reality of anthropogenic climate change, much of the world, especially outside North America and Europe, is still eagerly increasing its use of fossil fuels. In the United States, coal plant shutdowns are being pushed out further and natural gas investment may soon pick up again to power new demand for electricity. Globally, coal use is set to grow over the next few years. That’s thanks in large part to demand from China, the world’s largest emitter and second-largest cumulative emitter behind the United States, defying predictions that demand there was near peaking. The biggest new source of oil demand is India, a country with a per-capita gross domestic product less than 1/30th of the United States.
And so the greatest danger to aggressive action to lower global emissions may not be Chris Wright and his “sober” ideas at the helm of the Department of Energy. It may be that much of the world agrees with him.
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With investment in AI booming, any business that can promise quick generation is looking pretty good right now.
It’s a good time to be selling stuff to data center developers.
That was the message from the beginning of earnings season for the renewables and the energy industry: If you can promise power to data centers quickly, you’re doing good business. (If you’re just a software business that investors think will be displaced by large language models, the value of your company has probably fallen by a quarter so far this year).
Caterpillar, while better known for its gargantuan mining and construction equipment, also sells gas turbines and reciprocating engines — basically giant car engines that run on natural gas. Its power generation business is now by far its biggest segment, outpacing oil and gas and industrial, and its revenue of $3.2 billion in the fourth quarter was 44% more than a year earlier.
“Sales increased in large reciprocating engines, primarily data center applications. Turbines and turbine-related services increased as well,” the company said in its earnings release late last month. And it’s not likely to stop: “We anticipate growth in power generation for both CAT reciprocating engines and solar turbines driven by increasing energy demand to support data center build-out related to cloud computing and generative AI.,” the company’s chief executive officer Joe Creed said on a call with analysts. We “talk to hyperscalers and large data center customers weekly and make sure we stay in line with their plans.”
And those hyperscalers are going to spend even more in 2026.
Big tech companies have some $600 billion in capital expenditures planned for this year, with the growth in spending coming largely from data centers.
And while the vast majority of the cost of owning an AI datacenter is the chips, you need power to run a data center, and the more quickly you can get that power, the sooner your data center can be up and running.
This “speed-to-power” problem has thus put a massive premium on any power generation technology that can be deployed quickly.
Like fuel cells.
Bloom Energy, the long-tenured fuel cell company, reported around $780 million in quarterly revenue in the fourth quarter, up 36% from the year before. “Our growth has been fueled by seismic changes in customer attitude towards power,” the company’s founder and chief executive, KR Sridhar, said on the company’s earnings call Thursday. “On-site power has moved from being a decision of last resort to a vital business necessity. This shift has led large power users to seek Bloom to fulfill their needs. Our demand from data centers and commercial and industrial or C&I customers is secular and growing.”
Bloom has been kicking around for two decades, but it took the data center boom for the company to really, well, bloom.
Large turbines for natural gas power are sold out through the end of the decade; meanwhile, Bloom claims to be able to get fuel cells on site before the data center itself is fully constructed. “We can ramp up and provide that additional power to that customer before they are ready,” Sridhar said. “Typically, it takes more than a year to stand up a greenfield data center. It takes more than a year to stand up a factory, from permits all the way to full implementation. We can be ready for them before then.”
While on-site power can be crucial to actually beginning operations, data centers tend to want to connect to the grid eventually, which means more demand for services from utilities and large scale developers of power. The utility and developer NextEra has long promoted the “speed to power” narrative, pointing out that it’s far easier to procure and assemble solar panels and batteries than it is gas turbines.
“Battery storage now represents almost one-third of our 30-gigawatt backlog, with nearly 5 gigawatts originated over the past 12 months. We don’t see this demand slowing. Nearly every region in the country needs capacity, and battery storage is the only new capacity resource available at scale,” NextEra chief executive John Ketchum said on the company’s earnings call late last month.
He also said that he would be “disappointed” if the company’s plans for 15 gigawatts of “data center hubs” doesn’t double to 30 gigawatts by 2035. These hubs, Ketchum said, will be powered “through a mix of new renewables, battery storage and gas generation.”
The Minnesota-based utility Xcel said it expects to have 3 gigawatts of contracted data centers by the end of this year and six by 2027.
“If you think about where we sit in sustainability goals as a company, where these hyperscalers and data centers and customers of data center developers wanna be, it’s a highly sustainable product,” Xcel’s chief executive Bob Franzel said on the company’s earnings call Thursday.
As for the companies actually making the solar panels and batteries that could power data centers, they largely haven’t reported earnings yet, although the American solar manufacturer First Solar did get a scare recently when its share price dropped 13% last Thursday — and no, not because of a change in tariffs or tax credits or permitting rules. It was because Elon Musk said he wanted to build 100 gigawatts of solar panels a year. The speed to power question, at least for Elon Musk, is not limited to Earth.
“We think the best way to add significant capability to the grid is solar and batteries on Earth and solar in space,” Musk said on Tesla’s fourth quarter earnings call last week.
And it’s blocking America’s economic growth, argues a former White House climate advisor.
Everyone is talking about affordability and the rising cost of energy to power our lives — with good reason. Leading up to Winter Storm Fern, natural gas prices skyrocketed more than 50% in just two days. Since President Trump took office, electricity prices have risen by 13%, despite his promise to cut them in half in his first year. Now, 16% of U.S households are behind on their electricity bills, and that number is expected to rise throughout the winter.
And we all know that much more energy will be needed in the years ahead to meet our electrification needs. The Trump administration and its well-funded allies in the fossil fuel industry are blocking our ability to put the cheapest, most reliable energy onto the grid. They are standing in the way of progress, pushing a false narrative that our country needs more dirty, expensive energy to bring costs down.
Our state and local leaders, environmental advocates, and businesses are the ones pushing to build more. They are the ones focused on a pro-growth agenda that invests in the U.S. economy and meets new energy demand with clean energy. Now is the time for all Americans to stand together, not in anger or frustration, but with hope, inspiration, and resilience. We already have the technologies, policies, and practices we need to deliver a cleaner, safer, and more affordable world. We just have to build it.
It’s time to push for common-sense policies that quickly scale up the cheapest forms of energy — solar, wind, and battery storage — to protect our health and natural resources. And it’s high time we let families keep their hard-earned money rather than pay to keep dirty coal and other volatile and expensive fossil fuels — including natural gas — alive.
Our federal government is propping up polluting sources of energy that are draining our economy. They are forcing coal plants to stay open while costing ratepayers millions. In fact, Trump’s U.S. Department of Energy just extended its order to keep Michigan’s JH Campbell coal plant running for four more months, forcing consumers to pay a whopping $113 million in costs so far, despite the state’s utility saying that “no energy emergency exists.”
Trump’s Environmental Protection Agency is stripping states and Tribes of their authority to protect water resources that their communities depend on to allow more oil and gas pipelines and other fossil fuel infrastructure to be built, doubling down on the very problem that is driving prices up. Retail natural gas prices have risen 11% year over year, far outpacing inflation. Moreover, gas price spikes have been a major factor in rising retail electricity bills, particularly in the Northeast and Southeast. We’re seeing similar cost increases as a result of Trump’s liquified natural gas export policies and his constant attacks on the Inflation Reduction Act.
Let me be clear: Renewable energy is the fastest and cheapest option to add power to the grid. Period. Full Stop. Already nearly 80% of planned power plant capacity is tied to renewable sources, according to Cleanview.co. Solar made up 98% of new capacity this fall. States with the highest levels of wind and solar generation, like Iowa and Oklahoma, have the lowest utility bill rate increases in America. States like New Mexico are already ahead of schedule to meet their clean energy goals, while also keeping rates down.
So don’t buy what the Trump administration is selling. We can have long-term, stable economic growth built on cheap, clean energy that doesn’t trash our watersheds and destroy the places we love. In Nevada and Utah, the Sierra Club worked alongside Fervo to secure a new deal to supply 24/7 carbon-free energy to a large Google data center built with new environmental principles for advanced geothermal. And in Michigan and Illinois, a broad coalition of environmental leaders worked with industry stakeholders to achieve common sense permitting reform to facilitate faster adoption of more affordable energy onto the grid in the Midwest.
We all know from experience that the fossil fuel industry will do everything it can to force us to stick with the status quo. They aren’t going to stand idle and give up their foothold on dirty energy, which they have long enjoyed. That’s why we must deliver pro-growth solutions and stand up against those blocking progress to line their pockets with families’ hard-earned money.
It’s time for us to take charge and build a clean, affordable energy future. We need to call on our policymakers in states and cities to stand up for their constituents. And we need business leaders to invest in our economic future. Now is the time to demand the healthy, low-cost, clean energy future that empowers all of us.
Plus, consolidation in carbon removal.
On Wednesday, I covered a major raise in the virtual power plant space — a sector that may finally be ready to make a tangible impact on the grid after decades of theorizing. Beyond that, investors continued to place bets on both fusion and fission, as the Trump administration continues pushing for faster deployment of new nuclear reactors. This week also saw fresh capital flowing to fleet electrification and climate-resilience solutions, two areas that have benefited less, shall we say, from the president’s enthusiasm.
The fusion startup Avalanche Energy raised $29 million to develop its tabletop-sized microreactors and scale its fusion test facility, FusionWERX, in Washington State. Led by RA Capital Management and joined by existing climate tech-focused backers such as Congruent Ventures and Lowercarbon Capital, this funding round follows what CEO Robin Langtry described to me as multiple breakthroughs in stabilizing the company’s fusion plasma and ridding it of impurities such as excess oxygen.
“Now we really have a very straight technical path to get to this Q > 1 fusion machine,” Langtry told me, referring to the point at which a fusion reaction produces more energy than was used to initiate it, often called “scientific breakeven.” Now that the pathway to commercial viability is coming into focus, Avalanche is starting to invest in expensive, longer-lead-time equipment such as superconducting magnets and systems to manage the fusion fuel, which it expects to arrive at the FusionWERX facility in early 2027. At that point, the startup will begin running tests that could achieve breakeven.
Avalanche is pursuing a technical approach called magneto-electrostatic fusion, a lesser-known method that uses strong magnetic and electric fields to accelerate ions into fusion-producing collisions while keeping the plasma contained. The startup aims to commercialize its tech, which Langtry says has numerous defense applications, in the early 2030s. In the meantime, much of the latest funding will go toward scaling the FusionWERX facility, where other fusion entrepreneurs and academics can test their own technologies — offering the startup a nearer-term revenue opportunity.
The Paris-based small modular reactor company Newcleo announced an $88 million growth investment, as existing European investors doubled down and new EU-based industrial backers jumped aboard, bringing its total funding to over $760 million. The startup, which is now eyeing expansion into the U.S., differentiates itself by running its reactors on recycled nuclear waste and cooling them with liquid lead, which is intended to be safer and more efficient than conventional standard water- or sodium-cooled reactors.
The startup is already investing $2 billion in a strategic partnership with the Sam Altman-backed SMR company Oklo to develop the infrastructure needed to produce and reprocess advanced nuclear fuel in the U.S. Newcleo’s CEO, Stefano Buono, told The Wall Street Journal that he expects to benefit from the Trump administration’s push to expedite domestic nuclear development, which he hopes will help Newcleo speed up its own commercialization timeline. Currently the company plans to complete its first commercial units sometime after 2030.
The company also has a number of creative collaborations underway with Italian firms. These include partnerships with the shipbuilder Fincantieri, which is exploring the potential of nuclear-powered vessels, engineering giant Saipem which is looking to develop floating nuclear plants, and the metals equipment company Danieli, which aims to use SMRs for green steel production.
Mitra EV, a commercial vehicle fleet electrification platform, just raised $27 million in a funding round that includes an equity investment from Ultra Capital and a credit facility from the climate-focused investment firm S2G Investments.
The startup focuses on small- and medium-sized businesses, which often face capital constraints and lack a dedicated fleet manager. While the financials of fleet electrification often pencil out for these companies, the real barriers frequently lie in the maze of logistics — acquiring electric vehicles, building charging infrastructure, coordinating with utilities, and navigating a web of incentive programs. Mitra EV aims to streamline all these tasks through a single platform, claiming to offer immediate cost reductions of up to 75%.
The new capital will help Mitra to expand its suite of offerings, which includes EV leasing, overnight charging infrastructure, and access to a network of shared fast-charging hubs designed specifically for fleets. For now the company operates exclusively in California, but it plans to deepen its presence across the state before expanding into additional regions. Other states such as Oregon, Colorado, Michigan, and New York have also adopted zero-emissions fleet mandates, creating ready markets for the company if it continues to grow.
The software startup Forerunner raised $39 million to scale its platform for local governments to manage and mitigate environmental risk. The company’s AI-powered tools help to centralize detailed geospatial data such as land parcels, infrastructure, inspection records, permitting information, hazard zones, and more into a single system, allowing communities to run stronger risk assessments, stay compliant with environmental regulations, and coordinate responses when floods, storms, or other emergencies hit. The startup works with over 190 local and state agencies across 26 U.S. states.
The round includes a $26.3 million Series B led by Wellington Management, alongside a previously unannounced $12.7 million Series A led by Union Square Ventures. Forerunner first gained traction by helping governments manage floodplains, and this new capital will help fuel its expansion into new areas such as infrastructure management, wildfire risk, and code enforcement.
All of this is unfolding as the Trump administration slashes staff at the Federal Emergency Management Agency, even as extreme weather events are becoming more frequent. The result is mounting pressure on state and local governments, who often still rely on fragmented, outdated systems to get a comprehensive view of their communities and the environmental hazards they face.
Carbon removal company Terradot has acquired the assets, intellectual property, projects, and removal contracts of one of its former competitors, Eion. Both are pursuing a method of carbon removal known as “enhanced rock weathering,” which accelerates the natural process by which CO2 in rainwater reacts with silicate rocks, forming a stable bicarbonate that can permanently lock away CO2 when it’s washed out to sea.
While typically this process takes thousands of years, spreading crushed minerals like basalt or olivine on agricultural fields can dramatically accelerate the process — though precise measurement and reporting remains a challenge. Terradot’s early projects have focused on basalt rocks in Brazil, whereas Eion operates in the U.S. doing olivine-based weathering. This deal could signal a forthcoming wave of mergers and acquisitions in the sector, where there’s a plethora of startups vying to commercialize novel methods of permanent carbon removal.