energy
WASHINGTON (Reuters) – The Biden administration on Tuesday released guidance to help companies secure clean energy tax credits under the 2022 Inflation Reduction Act, finalizing a program to extend subsidies long available for wind and solar to other low carbon sources. The move is part of outgoing President Joe Biden’s…
Russia attacked Ukrainian cities and energy infrastructure on Wednesday, causing power outages.Zelenskyy called the Christmas Day missile and drone attack “inhumane.”Mass attacks on Ukraine’s energy have been a hallmark of Russia’s full-scale invasion.Russia launched an attack on Ukrainian cities and energy infrastructure on Christmas Day in what President Volodymyr Zelenskyy…
By Kate Abnett and Julia Payne BRUSSELS (Reuters) – Governments hunting for ways to aid Europe’s struggling industries should take aim at the continent’s high energy taxes, which are eroding competitiveness, the head of Europe’s electricity lobby told Reuters. The European Union is drafting a package of measures to support…
(Reuters) – President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts and credits at accelerating America’s transition to a green energy economy. The Congressional Budget Office expects the cost…
By Mrinalika Roy and Seher Dareen (Reuters) – Geothermal energy startups are on the upswing with Big Tech companies looking to feed their power-intensive AI data centers, but long-term investments remain uncertain as oil majors double down on . Meta (NASDAQ:) and Alphabet (NASDAQ:)’s Google are among the tech companies…
By Gavin Maguire LITTLETON, Colorado (Reuters) -The collapse of France’s government on Wednesday could have far-reaching consequences for Europe’s energy markets and send regional electricity costs soaring. France is by far the largest electricity exporter in Europe, accounting for roughly 60% of net electricity exports so far in 2024, according…
By Gavin Maguire LITTLETON, Colorado (Reuters) – The collapse of France’s government on Wednesday could have far-reaching consequences for Europe’s energy markets and send regional electricity costs soaring. France is by far the largest electricity exporter in Europe, accounting for roughly 60% of net electricity exports so far in 2024,…
Investing.com — RBC Capital Markets on Tuesday reiterated an Overweight rating on and Energy sectors heading into 2025 and upgraded Communication Services. The Financials sector has staged a strong performance following the 2024 election, with RBC analysts having predicted significant tailwinds in the event of a Republican sweep. Positive factors…
AI models consume tons of energy and increase greenhouse gas emissions.Tech firms and governments say an energy revolution must happen to match the pace of AI development.Many AI leaders are rallying around nuclear energy as a potential solution.Advances in AI technology are sending shockwaves through the power grid.The latest generation…
By Tom Balmforth (Reuters) – When Russian missiles hurtle towards the Ukrainian power plant and employees scramble for the bomb shelter, a handful of workers stay above ground in a control room protected by sandbags to keep the system running manually. The facility, the location of which energy officials asked…
