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In April, the Senate approved a House resolution using the Congressional Review Act to clear the way for a mining operation near Minnesota’s Boundary Waters, in what my colleague Jeva Lange called a declaration of “open season on public lands.”
Over the past 12 months ending in July, 56 fusion companies raised a total of $4.5 billion, a 69% jump over 2025’s total. That’s according to the latest data from the Fusion Industry Association’s annual report. Total funding since 2021 now stands at $14.2 billion, a sevenfold increase. Twice as many companies are now competing as when the report was first published six years ago. This year’s figures include major financing rounds from Commonwealth Fusion Systems, which raised $863 million last August; Inertia Enterprises, which brought in $450 million in February; Helion Energy, which raked in $456 million last month; and the European champion Proxima Energy, which netted $518 million this month.
A satellite image of Chile’s Chuquicamata copper mine. DigitalGlobe via Getty Images via Getty Images
Back in January, I told you when the price of copper hit a record high. We kept track, too, of Chilean miners’ plans to ramp up production last month. But Chile’s output of copper fell sharply in May, according to a Mining.com analysis of data from Codelco, the country’s national miner. Production from major miners such as BHP dropped over 18% year-on-year to 106,300 metric tons. The fall comes as key mines in the South American nation face declining ore quality.
The move comes right as one of China’s biggest solar manufacturers switched from using silver to copper in its panels in response to what Bloomberg described as the surging prices of the precious metal.
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The world’s first commercial satellite powered by nuclear energy has launched into space after escaping the Earth’s atmosphere on a SpaceX Transporter-17 vessel. Miami-based City Labs, the company behind the launch, specializes in designing, developing, and manufacturing micro power technology based on the radioisotope tritium. The technology is meant to provide long-lasting, maintenance-free power for medical, industrial and space applications. “This is a historic step for commercial nuclear power in space,” City Labs CEO Peter Cabauy told World Nuclear News. The system “demonstrates that safe, compact, and regulatory-approved nuclear power systems are ready for routine commercial deployment.” The technology “enables persistent, always-on” operations “that are not constrained by sunlight or battery life.”
New York is behind on its development of clean energy. Its offshore wind buildout has stagnated. The state has limited space and sunlight for large-scale solar. And while Albany is positioning itself as the state leader on nuclear power with plans to construct more reactors upstate, those efforts are long term, and only just began. But one source of green power is expanding faster than expected: rooftop solar. New Yorkers installed 8 gigawatts of distributed solar capacity, putting the state ahead of schedule moving toward its legally-binding goal of 10 gigawatts by 2030. “New York continues to set the bar high as we mark another milestone for solar within our communities across the state,” New York Governor Kathy Hochul, a Democrat, said in a statement. “This is low-cost, reliable clean energy that is delivering cost savings for families and businesses while expanding the availability of renewable energy which benefits our environment, our economy and contributes to New York’s diverse energy resource mix.” That’s optimistic. But as Heatmap’s contributor Jesse Jenkins explained on our Shift Key podcast in 2023, there are limits to how big an impact rooftop solar can have on emissions.
China, as I told you last week, has been investing heavily in green hydrogen. The statement in Beijing’s latest Five-Year Plan confirms that green hydrogen, ammonia, and methanol “will play a significant role in decarbonizing China,” Hydrogen Insight reported.
Current conditions: China and Taiwan are bracing for Super Typhoon Bavi to make landfall as possibly the strongest storm either country has faced in years • Utah’s Babylon fire has torched at least 103,000 acres already, and was just 25% contained as of this morning • New York City faces flooding as the thunderstorms that began yesterday continue into Saturday.
Here comes the sun.PJM
