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Sparks

The Capitol.
Sparks

An Emergency Trump-Coded Appeal to Save the Hydrogen Tax Credit

Featuring China, fossil fuels, and data centers.

Sparks

Why Your Car Insurance Bill Is Making Renewables More Expensive

Core inflation is up, meaning that interest rates are unlikely to go down anytime soon.

Sparks

Trump’s Offshore Wind Review Has Dominion In Its Crosshairs

The Coastal Virginia wind project is already halfway done — but that hasn’t stopped the administration from seeking to interrupt it.

Yellow
Sparks

A Key Federal Agency Stopped Approving New Renewables Projects

The Army Corps of Engineers, which oversees U.S. wetlands, halted processing on 168 pending wind and solar actions, a spokesperson confirmed to Heatmap.

Yellow
Claudia Sheinbaum and Justin Trudeau.

Tariffs on Canada and Mexico Are Officially Off

The leaders of both countries reached deals with the U.S. in exchange for a 30-day reprieve on border taxes.

Green
Another Boffo Energy Forecast, Just in Time for DeepSeek

Another Boffo Energy Forecast, Just in Time for DeepSeek

PJM is projecting nearly 50% demand growth through the end of the 2030s.

Blue
Sparks

China’s DeepSeek Ends the Party for U.S. Energy Stocks

It’s not just AI companies taking a beating today.

The Deepseek logo.
<p>Heatmap Illustration/Getty Images</p>

It’s not just tech stocks that are reeling after the release of Chinese artificial intelligence company DeepSeek’s open-source R1 model, which performs similarly to state-of-the-art models from American companies while using less expensive hardware far more efficiently. Energy and infrastructure companies — whose share prices had soared in the past year on the promise of powering a massive artificial intelligence buildout — have also seen their stock prices fall early Monday.

Shares in GE Vernova, which manufactures turbines for gas-fired power plants, were down 19% in early trading Monday. Since the company’s spinoff from GE last April, the share price had risen almost 200% through last Friday, largely based on optimism about its ability to supply higher electricity demand. Oklo, the advanced nuclear company backed by OpenAI chief executive Sam Altman, is down 25%, after rising almost 300% in the past year. Constellation Energy, the independent power producer that’s re-powering Three Mile Island in partnership with Microsoft, saw its shares fall almost 20% in early trading. It had risen almost 190% in the year prior to Monday.

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Sparks

Trump in North Carolina: Let’s Overhaul FEMA

The president is on his way to Los Angeles next.

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

On his fifth day back in office, President Trump is making the rounds to recent disaster zones —- North Carolina, which is recovering from Hurricane Helene, and later Los Angeles, where fires are still burning. In the immediate aftermath of both catastrophes, Trump was quick to blame Democrats for their response. Touching down in North Carolina earlier today, he sounded the same tune as he proposed overhauling or even eliminating the Federal Emergency Management Agency, which is responsible for disaster preparation and recovery nationwide.

On the tarmac, Trump told the press that his administration was “looking at the whole concept of FEMA,” saying he would rather states be solely responsible for disaster recovery. Later, at a hurricane recovery briefing, Trump said that he planned to sign an executive order that would “begin the process of fundamentally reforming and overhauling FEMA — or maybe getting rid of FEMA.” Trump dodged questions on details of the order or a timeline for implementation.

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