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Sparks

Stockholm to Ban Gas-Powered Cars from Its Center

Sweden’s capital has a bold plan to boost EV adoption.

Stockholm.
Heatmap Illustration/Getty Images

As cities from New York to Paris to London do battle over driving restrictions in their downtowns, The New York Times reports that Sweden’s capital is proposing one of the boldest measures yet: Beginning in 2025, it will ban most diesel and gas-powered cars from Stockholm’s city center. Drivers who break the rule, which will take effect on January 1, 2025, will be fined about $90 — far more than similar drivers in London’s Ultra Low Emission Zone, who must pay around $15 per day for the privilege of soiling the air.

Lars Strömgren, Stockholm’s vice mayor for transport, told the Times that “Petrol and diesel cars are prohibited, period ... one goal is to push technology and innovation within the transportation sector.” And it seems that the country will need all the help that it can get: Sweden’s conservative national government has for the past year worked to reverse the country’s environmental progress, lowering gas taxes and relaxing fuel requirements. Still, according to Mobility Sweden, a majority of Sweden’s new car registrations in the first half of the year have been to plug-in hybrid and fully electric vehicles.

Predictably, Sweden’s transport industry is also unhappy with the ban. “Since 2010, we have reduced emissions by 34%,” the Swedish Confederation of Transport Enterprises said, according to The Guardian. “But the Green Party and their colleagues in the city of Stockholm are now in far too much of a hurry.” The Confederation did not specify when, exactly, would be an opportune time to clean the country’s air.

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Sparks

The Fed Has No Relief for Renewables Developers (or Trump)

The U.S. central bank left its interest rate target unchanged for the fifth time in a row.

Donald Trump and Jerome Powell.
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Interest rate relief isn’t coming anytime soon for renewables. As widely expected, the Federal Reserve chose to keep rates unchanged on Wednesday, despite intense pressure from President Trump and two Republican Fed governors to lower rates.

The Fed maintained the benchmark short term rate at a range of 4.25% to 4.5%. During the press conference that followed the rate announcement, Fed Chair Jerome Powell gave no indication that the board will lower rates at the Fed’s next meeting in September, either. That’s contrary to Trump’s claims to reporters after the meeting. “We have made no decisions about September,” Powell said. “We don’t do that in advance. We’ll be taking that information into consideration and all the other information we get as we make our decision.”

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Sparks

After Trump Phone Call, DOE Cancels $5 Billion for Grain Belt Express

The Department of Energy announced Wednesday that it was scrapping the loan guarantee.

A cut wire.
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The Department of Energy canceled a nearly $5 billion loan guarantee for the Grain Belt Express, a transmission project intended to connect wind power in Kansas with demand in Illinois that would eventually stretch all the way to Indiana.

“After a thorough review of the project’s financials, DOE found that the conditions necessary to issue the guarantee are unlikely to be met and it is not critical for the federal government to have a role in supporting this project. To ensure more responsible stewardship of taxpayer resources, DOE has terminated its conditional commitment,” the Department of Energy said in a statement Wednesday.

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Sparks

Meta’s Major AI Energy Buildout

CEO Mark Zuckerberg confirmed the company’s expanding ambitions in a Threads post on Monday.

Electrical outlets and a computer chip
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Meta is going big to power its ever-expanding artificial intelligence ambitions. It’s not just spending hundreds of millions of dollars luring engineers and executives from other top AI labs (including reportedly hundreds of millions of dollars for one engineer alone), but also investing hundreds of billions of dollars for data centers at the multi-gigawatt scale.

“Meta is on track to be the first lab to bring a 1GW+ supercluster online,” Meta founder and chief executive Mark Zuckerberg wrote on the company’s Threads platform Monday, confirming a recent report by the semiconductor and artificial intelligence research service Semianalysis.

That first gigawatt-level project, Semianalysis wrote, will be a data center in New Albany, Ohio, called Prometheus, due to be online in 2026, Ashley Settle, a Meta spokesperson, confirmed to me. Ohio — and New Albany specifically — is the home of several large data center projects, including an existing Meta facility.

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