Rising Nuclear Investment in the U.S.
Bloomberg Intelligence predicts nuclear power will see $350 billion in U.S. spending through 2050, boosting reactor output by 63%.
The U.S. Energy Department is also considering diverting plutonium from nuclear weapons stockpiles to support power plants.
Major Grid Expansion Plans
California-based PG&E Corp announced plans to spend $73 billion by 2030 on transmission upgrades. The utility is preparing for a surge in electricity demand from data centers, estimating 10 gigawatts of new demand in the next decade.
Meanwhile, the Federal Trade Commission denied a petition to reopen its consent order regarding a $5.2 billion deal between Quantum Energy Partners and EQT Corporation.
DOE Launches Advanced Nuclear Fuel Program
The U.S. Department of Energy selected Oklo Inc., Terrestrial Energy Inc., TRISO-X LLC, and Valar Atomics Inc. for a new pilot program to develop advanced nuclear fuel lines. Officials say this step strengthens America’s nuclear fuel supply chain and reduces reliance on imports.
Corporate Moves in Energy
Diversified Energy Company PLC plans to shift its primary listing to the New York Stock Exchange while maintaining a secondary listing in London. Leaders say the move reflects a stronger focus on U.S. investors.
The Department of the Interior announced a coal lease sale in Tuscaloosa County, Alabama, generating $46 million in revenue. The deal opens access to 53 million tons of metallurgical coal, a critical resource for U.S. steelmaking.
🌍 World Energy News
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Japan’s Aerospace Push: Japan launched a ¥1 trillion ($6.8B) Space Strategy Fund, aiming to revive its aerospace industry through major investments in space tech.
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India’s Coal Dilemma: Private coal producers in India are pressing the government to allow equipment imports from China to cut costs and expand capacity.
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Jobs & AI Growth: Nvidia CEO Jensen Huang said Gen Z has opportunities in trade schools as data center expansion creates thousands of technical jobs.
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EV Market Race: India’s Simple Energy plans a massive retail expansion ahead of its IPO, seeking to compete with larger rivals in the electric two-wheeler market.
