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Energy

Dominion Energy headquarters.
AM Briefing

A $400 Billion Megamerger

On Thacker Pass, the Bonneville Power Administration, and Azerbaijan’s offshore wind

Energy

The Department of Energy Is Spending a Tiny Fraction of Its Money

Deep cuts to the department have left each staffer with a huge amount of money to manage.

Green
Spotlight

How Trump’s Speed-to-Power Push for Data Centers Could Backfire

Will moving fast and breaking air permits exacerbate tensions with locals?

Yellow
Hotspots

South Carolina County Mulls Lifting Solar Ban

And more of the week’s top fights around development.

Yellow
Earth.

Silica Skies

On Cleveland’s rejection, Cuba’s energy crisis, and U.S. LNG exports

Blue
A suburban house.

Philanthropy Needs a New Grassroots Strategy for Clean Energy

Invest in Our Future’s Peter Colavito on why funders and advocates should pay more attention to the solar farm down the road.

Green
AM Briefing

Hot Rock, Hot Stock

On the transformer shortage, sodium batteries, and a space grid

Fervo's IPO.
<p>Heatmap Illustration/Fervo</p>

Current conditions: It’s pouring in Boston today, with temperatures that could feel as low as 47 degrees Fahrenheit • Severe flooding in Turkey’s Samsun province has sent a dozen people to the hospital • Bear season in Yellowstone has started earlier than usual, raising the risk of more violent encounters between hikers and grizzlies.


THE TOP FIVE

1. Trump kicks off summit with Xi Jinping in China

President Donald Trump formally began talks with Chinese president Xi Jinping today as the leaders of the world’s two largest economies seek some kind of rapprochement after more than a year of escalating battles over trade. The discussions are expected to cover a range of topics, including Taiwan’s sovereignty and the market dominance over critical minerals that Foreign Policy called Beijing’s “most potent” tool in the trade negotiations. Indeed, China’s control over critical minerals means Xi “will have the upperhand,” according to the Council on Foreign Relations, which noted that Trump folded last year in his trade battle with Xi once Beijing threatened to restrict flows of rare earths.

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Energy

Fervo’s Hot Rocks Are Now a Hot Stock

Talking with SVP of strategy Sarah Jewett about the competition, expansion plans, and how to get more Americans informed and onboard.

Fervo's IPO.
<p>Heatmap Illustration/Fervo, Getty Images</p>

Just three years ago, enthusiasm for geothermal energy was lukewarm at best. In a sign of just how marginal it seemed, the firehose of federal money directed at clean energy investments under the Biden administration contained just $84 million for geothermal, specifically for next-generation technologies. By contrast, the next-generation nuclear industry received roughly 40 times more.

Geothermal electricity generation uses heat from the Earth’s molten core to spin turbines that generate carbon-free, 24/7, renewable energy — a pretty attractive offer in today’s age of rampant climate change and soaring demand. Though the technology has been in use since 1913, it’s been stymied since then by the industry’s dependence on finding rare and unique underground reservoirs of hot water.

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