Energy

Energy

Regulator Helps Constellation Energy Fast-Track Three Mile Island Revival

Photo via Doug Nicotera/ZUMAPRESS/Newscom

The plan is to bring the infamous power plant back online sometime next year to service a nearby glut of power-hungry Microsoft data centers.

2 min read

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Energy

Exxon Pours Billions into Meeting Rebound in Carbon Capture Demand

Exxon is spending big to connect customers to its 900-mile-wide network of underground carbon transfer pipelines, one executive told the FT.

2 min read
Photo via Weston Hancock/ZUMAPRESS/Newscom

Energy

Oil Prices Slide amid Fresh Hope for US-Iran Peace Deal

Oil prices may eventually reach $200 a barrel unless a supply crisis sparked by the Iran War is resolved, experts warn.

2 min read
Photo via Kendall Warner/TNS/Newscom

Energy

NextEra Energy Predicts Dominion Takeover Will Reduce Customers’ Power Bills

The smaller company in the deal, Dominion Energy, powers the world’s data center capital in northern Virginia.

2 min read

Energy

Shell Pumps Out Banner Profits Despite Iran War’s Seismic Upheaval

Photo via Ian L. Sitren/ZUMAPRESS/Newscom

The boom was thanks in large part to the rapid price swings, which sparked huge demand from big buyers such as airlines and utilities players.

2 min read

Photo via Maksim Konstantinov/ZUMA Press/Newscom

Energy

UAE Kicks OPEC to the Curb as Iran War Strains Oil Market

It’s a devastating blow for an oil cartel that had been slowly fracturing for years amid the US shale oil boom.

2 min read
Photo via IMAGO/Rüdiger Wölk/Newscom

Consumer

American Joins Airlines Buckling Up for Soaring Fuel Costs

Fuel typically accounts for a quarter of carriers’ expenses, but that proportion’s likely to dramatically spike this year.

1 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Alptraum via iStock

Energy

Sweating It Out: Data Centers Plus Summer Heat Raises Power Bills, Blackout Risk

The US electrical grid isn’t ready for the double whammy of peak air conditioner usage and peak data center power needs. What happens now?

4 min read

Geopolitics

What’s Next for Oil Tankers Stranded in the Persian Gulf?

Photo via Hindustan Times/Sipa USA/Newscom

The Strait of Hormuz is supposed to be opening for business under a new ceasefire agreement. So far, that doesn’t seem to be happening.

2 min read

Energy

New BP Chief Pledges “Consistency” after Years of Anything But

Photo via Bulkin Sergey/ZUMA Press/Newscom

The oil price shock caused by the Iran war has turbocharged BP shares, pushing them up roughly 33% so far this year.

2 min read

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