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Energy Department will spend $2 billion to squeeze more electricity from aging power grid

Energy Department will spend $2 billion to squeeze more electricity from aging power grid

The Energy Department is set to announce it will spend almost $2 billion to try to squeeze more electricity out of the nation’s aging and stressed power grid
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Energy Department Allocates $2 Billion to Modernize Aging U.S. Power Grid Amid Rising AI Demand

Energy Department Allocates $2 Billion to Modernize Aging U.S. Power Grid Amid Rising AI Demand

The U.S. Energy Department announced it will invest nearly $2 billion to enhance the nation's aging power grid, aiming to extract more electricity and prevent blackouts. This initiative comes as President Trump's administration addresses the escalating energy demands from artificial intelligence (AI) data centers. The funding will support 31 projects across 26 states, projected to generate over 23 gigawatts of additional electricity capacity, enough to power 16 million homes. These projects will integrate new technologies, such as sensors, to monitor real-time weather conditions, ensuring safe transmission and rerouting power from congested areas. The upgrades are expected to improve power reliability and reduce electricity costs for approximately 100 million Americans. Energy Secretary Chris Wright emphasized that these investments will optimize existing infrastructure, increase electricity flow, and deliver affordable, reliable power for future prosperity. The funding originates from the bipartisan infra...
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Mott MacDonald Seeks Thermal Transition Leader to Expand Southwest Energy Business

Mott MacDonald Seeks Thermal Transition Leader to Expand Southwest Energy Business

Mott MacDonald Seeks Thermal Transition Leader to Expand Southwest Energy Business
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Sierra Club Report Criticizes Mississippi Power for Failing to Reduce Costs and Pollution

Sierra Club Report Criticizes Mississippi Power for Failing to Reduce Costs and Pollution

A new report from the Sierra Club, titled the "Dirty Truth Report," criticizes Mississippi Power for its failure to lower costs and reduce pollution. The report, which grades utilities nationwide on their plans for coal retirement, gas expansion, and renewable energy adoption, gave Mississippi Power a score of 44 out of 100. Nationally, the 76 utilities scored an aggregate of 7 out of 100, marking the lowest score in the report's history. According to the report, Mississippi Power plans to add 548 MW of new gas by 2035 and retire all 1,844,723 MW of its coal, but it plans to add 0 MW of renewable energy. The Sierra Club emphasizes that renewable energy remains the most cost-effective way to generate electricity, while fossil fuels are expensive and harmful to public health.
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U.S. Department of Energy Invests in Indiana Power Line Project to Save Hoosiers Millions

U.S. Department of Energy Invests in Indiana Power Line Project to Save Hoosiers Millions

The U.S. Department of Energy (DOE) announced significant investments to enhance electric grid reliability, including a specific project in Indiana. This initiative is projected to save Hoosiers millions of dollars annually. The DOE is allocating $1.9 billion and launching a $3.35 billion cost-share program to support 31 projects across 26 states. One key project focuses on improving the connection, or 'seam,' between Indiana's two regional grid operators: Midcontinent Independent System Operator (MISO) and PJM Interconnection. The DOE is investing $175 million in the Indiana project, with an additional $350 million contributed by private partners. This project aims to reduce congestion costs and is expected to generate annual benefits ranging from $50 million to $150 million for ratepayers. The nationwide effort, named SPARK (Speed to Power through Accelerated Reconductoring and other Key Advanced Transmission Technology Upgrades), will involve rebuilding over 1,500 miles of transmission lines and deployi...
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Phillips 66 Expands Texas Processing Capacity and Integrates UK Assets

Phillips 66 Expands Texas Processing Capacity and Integrates UK Assets

Phillips 66 Expands Texas Processing Capacity and Integrates UK Assets
The Columbus DispatchThe Columbus Dispatch
Ohio receiving $273M federal grant to update electric grid infrastructure

Ohio receiving $273M federal grant to update electric grid infrastructure

Ohio will use over half a $273 million federal grant from the U.S. Department of Energy to upgrade its electric grid and boost power capacity.
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Senator Heinrich Introduces Legislation to Boost U.S. Grid Resiliency with Investment Tax Credit

Senator Heinrich Introduces Legislation to Boost U.S. Grid Resiliency with Investment Tax Credit

U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the U.S. Senate Energy and Natural Resources Committee, has introduced the Grid Resiliency Tax Credit Act. This legislation aims to incentivize the construction of new electric transmission infrastructure across the nation. The bill proposes a targeted 30% investment tax credit (ITC) for large-scale transmission projects and grid-enhancing technologies. These projects must meet specific criteria, including being at least 100 miles long, having a capacity of at least 500 MW, and a voltage of at least 345 kV AC or 200 kV DC. The tax credit would also apply to generator-tie lines, network upgrades for connecting additional electricity supply and storage, and innovative technologies like advanced transmission conductors. The credit would be available for 10 years, starting in 2026, for qualifying projects placed in service or beginning construction before December 31, 2036. The legislation is endorsed by various organizations, including the National Rura...
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TerraPower's Wyoming Fission Power Project Faces Setback as General Contractor Exits

TerraPower's Wyoming Fission Power Project Faces Setback as General Contractor Exits

TerraPower's Wyoming Fission Power Project Faces Setback as General Contractor Exits
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Russia Initiates Commercial Exports of Vostok Oil Amidst U.S. Shale Dominance

Russia Initiates Commercial Exports of Vostok Oil Amidst U.S. Shale Dominance

Russia Initiates Commercial Exports of Vostok Oil Amidst U.S. Shale Dominance
TheStreetTheStreet
Bank of America resets its oil price target with strong warning

Bank of America resets its oil price target with strong warning

A new note from Bank of America just changed what Wall Street expects from oil prices for the rest of 2026.
ReutersReuters
Oil holds near two-week lows on easing supply concerns

Oil holds near two-week lows on easing supply concerns

By Anushree Mukherjee LONDON, Sept 23 (Reuters) - Oil prices held near their lowest in more than two weeks on Wednesday, kept in check by improving Gulf crude supplies and growing hopes for a diplomatic resolution to the US-Israeli war on Iran.