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“This is Sky Valley Fire. Evacuation alert for Bolt Creek Fire. GO! No time for delay. Load up your family and pets and LEAVE NOW.”
Imagine getting an alert like this on your phone. Your heart immediately starts pounding; your hands shake. Is it real? Could this actually be happening? All the while, as your head spins, you’re losing precious minutes of time.
Luckily for many of the people who received this actual message last year in the Seattle suburbs, the “go now” alert was a mistake. But if you live in an area with anything greater than a “low” risk of wildfire, you should have a plan in place for what to do if that alert does come. It’s far better to “overreact” and leave immediately than to risk your life — and the lives of first responders.
The good news is, wildfire evacuation plans can begin long before your phone ever buzzes with that dreaded alert. Preparing for fire season ahead of time takes, cumulatively, as little as 90 minutes — but when a fire is encroaching, the math becomes far more urgent.
Importantly: Do not wait for an evacuation notice if you feel like a fire is approaching or like you could be in danger. Trust your gut and leave immediately. Though agencies do their best to protect people with advanced notices, fire is fast and unpredictable. In fact, many survivors of the deadly fire in Lahaina, Hawaii, say they did not receive evacuation orders before the flames had closed in on them.
Here’s what to do if there’s a fire in your area:
If you are experiencing smoke from a wildfire at your home, you should be paying attention to its development — the hazards of wildfires, after all, start with the smoke. If the fire is within 20 miles of you, you should definitely start paying attention; and if it is within 10 miles of you, it’s a threat. This threat increases if you are downwind or uphill.
Do not underestimate how fast a fire can move: 6 miles per hour in forests and up to 14 miles per hour in grasslands, depending on conditions. Embers, which can ignite homes, can also travel several miles, and wind direction can also quickly shift. If a nearby wildfire is approaching the 10-mile range of your home but you haven’t received a voluntary evacuation notice or don’t feel directly endangered yet, still review this evacuation checklist from the U.S. Forest Service. If you do receive a pre-evacuation alert or notice of some kind or want to take further steps to prepare, also:
Make sure you are signed up for emergency alerts or have another way of receiving updates, such as an agency website or Twitter account or a radio tuned into the correct station. Turn the sound on and up on your phone so you’ll hear the alarm or it will wake you up if you’re asleep.
Keep your car charged or filled to half a tank of gas or more. Scope out potential evacuation routes ahead of time, planning alternative routes in case roads are blocked or closed. Authorities say you should memorize at least two ways out of your neighborhood and avoid sketchy shortcuts that might be dangerous or blocked. Otherwise, take the quickest route to the main road, highway, or freeway out of the area.
Make a plan of where you’ll go if you need to leave your home for an extended period of time. A family or friend’s house? A hotel? A community emergency shelter? Open Red Cross shelters can be found here.
Open your garage door so you’re easily able to leave if you lose power.
Round up pets and secure them so they’re easy to put into carriers and transport to the car if you need to evacuate, and so you don’t waste precious time trying to chase them down when they’re scared. As the U.S. Forest Service notes, “this is especially important with cats.”
Prepare livestock and horses, if applicable, by reviewing this checklist.
Load up your car so you are prepared to leave on short notice. Remember to pack your go-bag (here is a version of the list in Spanish); suitcases of clothes and medicine (enough for at least a few days); pet supplies like collars, food, and water bowls; important files and back-up disks; insurance and bank papers; special or sentimental items; valuable jewelry or heirlooms (or store them in a fireproof safe); photo albums; and household items like keys and purses.
Too much to remember? Washington State suggests running through the Five P’s of evacuation: People, Prescriptions, Papers, Personal Needs, and Priceless Items.
Strongly consider leaving immediately. Roads can get congested after a mandatory evacuation order is issued, potentially creating dangerous situations where you’re trapped in your car near the fire. It will also get more difficult to see as the fire gets closer and the smoke gets thicker (always evacuate with your headlights turned on). Evacuating early also gives you time to calmly prepare a plan and collect essential items. If you’re on the fence, keep in mind it’s always better to leave too early than too late.
If you have time to prepare your house ahead of your evacuation, here is a checklist from the Western Fire Chiefs Association that you can use to get ready. Keep in mind that “the accepted sequence for safe evacuation is people first, then pets, livestock, and finally property,” Idaho Firewise writes. Major steps include:
Close all windows and interior doors to prevent the spread of fire indoors if the flames reach your home, and remove any curtains from windows. Close shutters and blinds. Leave your exterior doors unlocked so firefighters can get inside if need be.
Turn on all the main lights in your house as well as outdoor lights. This will allow firefighters to be able to see and navigate around your home in smoky conditions.
Push flammable furniture away from walls and windows and to the center of the room.
Shut off gas and turn off pilot lights. Don’t forget about pilot lights in gas fireplaces.
Attach hoses to outdoor water sources — firefighters will potentially use these to defend your home. The Western Fire Chiefs Association also recommends turning the nozzle to “spray” and propping a non-flammable ladder against your house to provide roof access. Fill buckets or garbage cans with water and leave them around your property if you’re able. However, you should not leave any water running, KQED notes, since that decreases the flow available to firefighters.
Prepare yourself for evacuation. California’s ReadyForWildfire.org recommends wearing “long pants, [a] long sleeve shirt, heavy shoes/boots, [a] cap, [a] dry bandanna for face cover [or a leftover COVID mask], goggles, or glasses,” and notes that “100% cotton is preferable.”
Finally, check on, text, or call neighbors and make sure they’re aware of the fire and also prepared to leave. Let them know you are choosing to evacuate. Also email, text, or call family who live outside the area and might be worried about you to let them know of your plans.
There is only one thing to do: Leave as fast as you can.
If you get an evacuation notice (or hear the high-low siren that also signals an evacuation order in California), do not waste time checking to see if the alert is real, gathering up items around your house, or making efforts to prepare your home. Your only focus at this point should be on getting to safety as quickly as you can.
Grab your go-bag and pets and get in your car; drive with the headlights on and follow the directions of any fire or emergency officials. If you need to evacuate on foot, quickly change into long pants, a long shirt, a cap, and heavy boots, and take essential items in a backpack or easily carried duffel bag. Know what to do if you get trapped near a wildfire. Be careful of downed powerlines or other hazards. And stay out of the area until officials say it is safe to return.
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Everything is getting more expensive — except for government debt.
Across the developed world, yields on government debt are rising, driving up the cost of borrowing with potentially particularly dire effects for renewable and clean energy.
“Nearly every issue of government bonds at every maturity for all G7 countries is trading at a higher rate today than it was in February, pushing up the amount that governments must pay to sell new debt,” the Financial Times reported on Sunday.
These government bonds — especially U.S. government bonds — serve as benchmarks for lending across the economy. The 10-year Treasury is currently trading at a yield of 4.8%, up from 4% in February before the war in Iran began.
The rising yields are due in part to the ongoing war being waged by the United States and Israel, which has driven up the prices of core commodities and touched off inflation across the globe. A number of wealthy countries, including the United States, are also running large budget deficits, which means there’s lots of government debt floating around. Inflation erodes the value of that debt, however, driving up the returns investors demand for government bonds and driving down what they’re willing to pay.
I have written extensively about how high borrowing costs exact an especially steep toll from renewable energy development. That’s because the bulk of spending on a renewable project — say a solar farm — comes up front as capital expenditure that often has to be financed through borrowing. For a gas-fired power plant, on the other hand, the spending is split more evenly between upfront costs and operational costs (namely fuel), which can be paid for out of cash flow from operating the plant. Where the cost of operating a gas plant is at the mercy of natural gas prices, for a renewables project, interest rates can dominate the economics.
Sure enough, that inflationary pressure showed up in the second-quarter results of America’s renewables companies. Solar installer Sunrun, for instance, has seen declining sales growth. In an August earnings call, Sunrun CEO Mary Powell said the company’s results were “reflecting a higher capital cost as interest rates have inched up.” Wind developer Orsted, meanwhile, told investors that it had incurred a nearly $200 million loss on its U.S. offshore wind business “as a result of an increase in the long-dated U.S. interest rates.”
But macroeconomic indicators like deficits, inflation, and interest rates show just one side of the picture. After all, it’s not just governments that borrow, and it’s not just money that’s necessary for any sort of big project, including renewable and clean energy.
At the same time governments are borrowing more, bond market investors are also being offered hundreds of billions of dollars of debt from hyperscalers and other technology companies looking to build out data centers to power artificial intelligence. Bond markets will have to ingest over $500 billion of AI-related debt issuance this year, according to Morgan Stanley, and they’ll be called upon again to help fund an estimated $1.2 trillion in capital expenditures in 2027. Across the economy as a whole, “more than half of the capex growth this year can likely be ascribed to the buildout related to AI,” Federal Reserve Chair Kevin Warsh said in a speech last week.
That boom is driving economic activity — and high prices — throughout a number of sectors, including materials and labor.
Cleveland Fed President Beth Hammack told CNBC in June that inflation was “too high,” citing “insatiable” demand from data center developers for inputs such as electric switchgears. (Hammack was a dissenting voice at the July meeting of the Federal Open Markets Committee, voting for a higher interest rate against the Fed majority who decided to keep rates unchanged.)
And it’s not just software engineers who are seeing high salaries as a result of the AI boom. The technology buildout has also raised the wages of laborers and tradespeople essential to both data center and energy projects, especially for specialized trades like electricians.
“Skilled workers were difficult to find in a range of fields, notably technicians and tradespeople,” the Federal Reserve reported in its July report on economic conditions.
While this is great news for electricians and their families, it’s also the type of thing that can make central bankers nervous.
The “AI investment surge could trigger nonlinear price increases,” Dallas Fed President Lorie Logan said in July. “The risk is that the pressures broaden as AI demand touches construction, power generation, and other sectors.”
That’s the silver lining for renewable energy — and all energy developers. While the costs of capital, materials, and labor are going up, electricity itself has never been in greater demand.
The energy developer and utility NextEra told investors on its July earnings call that it’s been able to sign new contracts on existing assets at a $20 per megawatt-hour premium over recent prices, a process known as “recontracting,” indicating solid demand for power.
Overall, NextEra chief executive John Ketchum said, “Hyperscalers and other large load customers are increasingly focused on speed, certainty, and scalability. That plays directly to our strengths.”
Chirag Lala, vice president of research at the Center for Public Enterprise, explained to me that it’s this demand that’s balancing out the higher financial and material costs renewable developers face. “That’s why we are still getting solar and battery builds. There’s demand on the system,” he told me.
The industry is in a kind of tug of war between financial and structural factors pulling it back, and demand factors pushing it forward. “That buildout could absolutely be faster and bigger if a variety of structural and financial variables were mitigated,” Lala said.
The Supreme Court will decide once and for all.
Good evening from New York, where a district court judge struck down a law the state passed in 2024 to extract $75 billion from fossil fuel companies to fund its response to climate change. The ruling is a sign that so-called “superfund”-style laws may not be the winning strategy many climate advocates had hoped.
You may know the New York law as the Climate Change Superfund Act, and it mirrors similarly-named legislation passed in Vermont and introduced in about a dozen other states. The law’s backers — environmental groups, consumer advocates — pitched it as a new approach after earlier attempts to sue energy companies directly for damages had either failed or were stuck in procedural arguments over whether the cases belonged in state or federal court.
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Unlike those lawsuits, the climate superfund laws don’t accuse the companies of doing anything wrong. They are modeled on the federal Superfund program, which allows the Environmental Protection Agency to request funding from companies to clean up industrial waste years after the contamination occurred, and despite the fact that the pollution was lawful at the time. The theory was that this federal precedent might give the states a leg up when energy companies inevitably fought the policy.
That comparison does not seem to have meant much to Judge Brenda Sannes. Instead, her decision focused on the similarities between the climate superfund law and a lawsuit New York City brought against Chevron and other oil companies that federal courts dismissed several years ago. Sannes concluded that just like the city’s lawsuit, the superfund law would in effect regulate interstate greenhouse gas emissions, which is a federal responsibility under the Clean Air Act.
Notably, Sannes also disregarded the Trump administration decision to rescind the 2009 endangerment finding for greenhouse gases, which underpinned the federal government’s responsibility to regulate carbon under the Clean Air Act, writing that it had “no impact” on her analysis.
To me, the idea that these climate lawsuits and superfund laws are akin to emissions regulation has been one of the more confounding aspects of covering these court fights. None of the suits concern greenhouse gas regulations in any traditional sense — they are about oil companies’ deception and responsibility for climate change-related damages. Still, several courts have agreed with oil companies that the financial penalty levied on them amounts to a form of oversight of emissions.
Climate advocates are not giving up just yet, and are urging New York Attorney General Letitia James to appeal. A press release from the group Fossil Free Media argued the ruling was “based on a deeply flawed analysis” and was “an early, appealable decision in a developing legal fight.” James has not yet issued a response.
Regardless, the superfund concept will get another test in the federal court for the district of Vermont, where the same groups challenging New York’s law — the American Petroleum Institute, the Chamber of Commerce, Republican states, and the Trump administration — are also challenging Vermont’s version.
Much more rides on an upcoming Supreme Court case, however. The high court has agreed to hear oral arguments in a lawsuit brought by Boulder County, Colorado against Exxon and a Canadian oil sands company, Suncor. The county originally filed the case in 2018, and it’s one of the ones that’s been held up for years in procedural arguments. Last year, the Colorado Supreme Court decided it could finally advance toward a trial, leading the oil companies to appeal to the federal Supreme Court. They are asking the justices to decide once and for all whether federal law preempts states from seeking relief for climate damages.
Oral arguments begin on October 5.
On Palisades’ progress, Taliban minerals, and New York’s climate superfund
Current conditions: Tropical Depression Five is barreling northwest from the Caribbean to Houston • In the Pacific, Hurricane Karina has strengthened into a Category 4 storm, but it’s unlikely to make landfall anywhere • The surface temperature of the Yellow Sea is nearly 85 degrees Fahrenheit, fueling storms across South Korea.
President Donald Trump is among the few politicians in America willing to stand 10-toes-down in defense of the need to build out more data centers. In a post Monday on Truth Social, the president admonished communities that reject data centers as misguided and foolish. “The only reason that communities throughout the U.S.A. should not want data centers is if they want to end up being backwards and poor,” Trump wrote. “If they want to be successful and rich, with far lower taxes and jobs all over the place, let data reign.” Still, he said “plenty of other places” want them. “If we kill the Golden Goose, you will only have yourselves to blame,” he wrote. “China could not be happier with this anti data center movement.” It’s not a popular stance. Heatmap Pro’s latest polling shows that three-quarters of Americans now oppose data centers built in their backyards.
The U.S. District Court for the Northern District of New York struck down the state’s Climate Change Superfund Act on Monday, ruling that the 2024 law is invalid under the federal Clean Air Act. The law set up a cost recovery scheme whereby fossil fuel companies would pay into a fund used to finance climate change adaptation-related infrastructure projects. The state’s argument rested in part on the Trump administration’s decision earlier this year to rescind the Environmental Protection Agency’s endangerment finding on greenhouse gases, which gave the agency authority to regulate climate pollution. That move “cannot be reconciled” with the administration’s argument that the CAA preempts New York’s law, the state said. Judge Brenda K. Sannes dismissed that reasoning in her decision, citing the Supreme Court’s ruling in American Electric Power v. Connecticut from 2011, which, as my colleague Emily Pontecorvo put it, “established companies’ protection from federal public nuisance claims over greenhouse gas emissions. That decision sprang from the Court’s earlier 2007 decision that the Clean Air Act covers greenhouse gas emissions — which the EPA is now contesting.”
The case was one of at least four the Trump administration has pursued against states attempting to make fossil fuel companies cover the costs of adapting to climate change. Judges have already ruled against its attempts to prevent Hawaii and Michigan from suing fossil fuel companies, however a case against a similar superfund law in Vermont is still pending. “New York’s law would have expropriated $75 billion from energy companies around the world during an energy emergency and in direct defiance of American foreign policy and federal law,” Adam Gustafson, principal deputy assistant attorney general of the Justice Department’s Energy and Natural Resources Division and the administration’s lead attorney in this case, said in a statement. “We will continue to fight for affordable, reliable energy for all Americans.”
A sign of how much an industry is really booming is whether startups begin popping up to provide ancillary services. Here’s a prime example of the artificial intelligence buildout’s energy boom: The AI energy software provider Verse told Heatmap exclusively for this newsletter that it now has 30 gigawatts of power under its platform’s management. The company’s flagship product, Aria, is an intelligence platform for data center companies that brings utility bills, contracts, power purchase agreements, and live power usage data under one dashboard. The company also helps manage on-site assets such as batteries. “You can't solve for speed, cost, risk, and carbon while your supply contracts, your load, and your flexible assets sit in separate silos,” Seyed Madaeni, Verse’s chief executive and co-founder, said in a statement.
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When Holtec International starts the Palisades nuclear plant back up, the facility in western Michigan will be the first in the nation to return to life after a permanent shutdown. Once complete, the Palisades restart will set off a series of other projects, including some to repower defunct nuclear plants in Pennsylvania and Iowa. That makes each milestone in the Palisades project notable — but the one it reached Monday is particularly promising. Holtec started loading fuel into the reactor, setting the stage for it to return to service potentially before the end of the year, months before the official March 2027 start date. “Loading fuel into the Palisades reactor is an important milestone and a reflection of the tremendous effort of the men and women who have brought this plant to this point,” Fadi Diya, Holtec’s chief nuclear officer, said in a statement. Palisades’ completion won’t just kick off more restarts. Holtec also plans to build its first two 300-megawatt small modular reactors at the site. Based on the industry’s standard pressurized water technology, the company has received hundreds of millions from the Department of Energy to support its construction.

Commerce can, at times, be the ultimate salve. Raw materials flowed from the U.S. to British factories even after the American Revolution and the War of 1812. Japanese and German automobiles dominate American roads decades after those nations’ defeats in World War II. As memories of war fade, Americans buy nearly $200 billion in Vietnamese goods each year, helping to transform the Southeast Asian country into a top manufacturing hub. Now the Taliban is making its pitch to Washington’s wallet. The Islamist group now leading Afghanistan said it would “absolutely” welcome U.S. investments in the rural, mountainous, and underdeveloped Central Asian country’s mining, infrastructure, or agriculture industries. “Relations between Afghanistan and the United States should not be assessed through the lens of the past 20 years of war, but rather on the basis of future co-operation,” Taliban foreign minister Amir Khan Muttaqi told the Financial Times at his office in Kabul. “Our economic policy is open.”
Meanwhile, from China to the U.S., lithium producers are posting what Bloomberg called “bumper profits.” Demand for energy storage is soaring, especially as countries seek to insulate themselves from the effects of the Iran War energy shock. As a result, Chinese companies such as Tianqi Lithium and Ganfeng Lithium Group reported their strongest net income in three years during the first six months of 2026. North Carolina-based Albemarle said global lithium demand had grown 45% compared to a year earlier. Australia’s PLS Group, meanwhile, “swung a $377 million profit in the 12 months to June 30 from a loss the year before,” the newswire reported.
You don’t need to be an expert in emerging markets to recognize the potential for solar. Countries that haven’t yet extended grid networks into rural areas can electrify villages using panels that are increasingly cheap and flooding into places such as sub-Saharan Africa, as I told you last week. You won’t need deep connections in those countries to start investing in that renewable energy potential, either. The startup Odyssey Energy Solutions, as my colleague Katie Brigham put it, “acts as a middleman between local installers and global capital providers that want exposure to developing markets but typically wouldn’t take the risk of financing small companies in unfamiliar environments.” This morning, the company told Katie exclusively, it’s announcing that it has raised another $74 million to fund its buildout.