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The US Department of Energy has opened a $1.9 billion funding round under its SPARK program to accelerate grid modernization by replacing aging transmission wires with advanced conductors, a strategy that can double line capacity at half the cost of building new infrastructure.
Fervo Energy closed a $421 million non-recourse financing package for its flagship Cape Station enhanced geothermal project in Utah, with first power expected in 2026 and an IPO filing reportedly underway.
Federal judges have struck down all five Trump administration stop-work orders on Atlantic offshore wind projects, clearing the way for 7.5 GW of capacity to power 2.5 million homes.
Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI pledge to fund their own power generation for AI data centers, but experts question enforceability as moratorium bills spread across U.S. states.