Exclusive: Zach Dell's Base Power raises another $1 billion to put a battery in your backyard: www.wsj.com/business/ene...

Exclusive | Zach Dell Is Raising Money to Put a Battery in Your Backyard

Base Power, co-founded by Michael Dell’s son, lands a $13 billion valuation as electricity demand and battery storage are booming.

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The cost of building all kinds of power generation is going up, which is more bad news for future electricity costs. My latest, free link: www.wsj.com/business/ene...

America’s Demand for Power Is Soaring—and So Are the Costs of Building Out the Grid

Equipment backlogs, permitting delays, tariffs and yearslong waits to connect to the grid are pushing up the expense.

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A huge heatwave, drought, wildfires and new AI data centers. Here's a look at the risks to the power grid this summer. Free link: www.wsj.com/business/ene...

The ‘Five Alarm’ Risks Facing the Power Grid This Summer

High temperatures, new AI data centers and drought conditions pose challenges to the electricity system.

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There's been a huge question mark around large nuclear reactor construction construction in the U.S. The Trump administration is trying to unstick it with $17.5B in loans for utility-Westinghouse partnerships to get AP1000 parts ordered. My latest, exclusive (free link): www.wsj.com/business/ene...

Exclusive | U.S. Bets Billions of Dollars in Low-Cost Loans Can Revive Nuclear Power

The Energy Department will let utilities tap government funds to kick-start reactor orders.

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Trump Media/$DJT may-or may not-spin off Truth Social before, during or after a merger with fusion firm TAE Technologies. Kevin McGurn, the new interim CEO, who helped spark the fusion deal, has to figure out how and whether to separate disparate businesses. My latest: www.wsj.com/business/tru...

Trump Media’s Latest Pivot Is a Leadership Shake-Up

Kevin McGurn helped drive the company’s unexpected foray into fusion energy. Now, he will have to figure out how to manage a diverse group of businesses as its CEO.

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The U.S. now has a couple of commercial nuclear power projects under construction for the first time in years. Free link: www.wsj.com/business/ene...

America’s First Commercial Nuclear-Power Projects in a Decade Just Broke Ground

Bill Gates-backed TerraPower and Google partner Kairos are building nuclear plants in Wyoming and Tennessee.

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Higher global oil prices are hiking electricity costs in the more remote parts of the U.S. Utilities in Hawaii and Alaska, where a lot of oil-fired power generation is used, are passing along those higher fuel costs to customers. Latest story, free link: www.wsj.com/finance/comm...

Hawaii and Alaska Are Feeling the Brunt of the Energy Shock

Electricity bills are rising in those oil-dependent regions, while lower natural-gas prices have insulated most of the rest of the country.

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The $6 billion Trump Media-TAE Technologies planned merger started with a casual catchup between college friends. Here's a look inside an unexpected fusion matchup. #energy #fusion My latest, free link: www.wsj.com/business/how...

How Trump Media Joined the Nuclear Industry’s Quest to Create a Star on Earth

Fusion company TAE Technologies was facing a funding crunch last year when it found an unlikely partner.

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A nuclear-power developer thinks it can add 10 gigawatts by squeezing more out of existing plants. Backers include former Intel CEO Pat Gelsinger and Isabelle Boemeke aka Isodope. Free link: www.wsj.com/business/ene...

Exclusive | A Nuclear-Power Startup Says It Can Rouse the Slow-Moving Industry

Alva Energy has the support of former Intel chief Pat Gelsinger, whose venture firm led its recent $33 million fundraising round.

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Siemens Energy will spend $1 billion to boost U.S. manufacturing for grid and power generation equipment. That includes restarting gas-turbine manufacturing in North Carolina. The CEO is also cautious about what gas turbine demand looks like in the 2030s. Free link: www.wsj.com/business/ene...

Siemens Energy to Spend $1 Billion to Boost Manufacturing of Electrical-Grid Equipment

Investments include restarting manufacturing of gas turbines, the monster machines needed to supply reliable power for the AI-data-center boom.

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Can the U.S. build big nuclear reactors again? The Trump administration is betting $80 billion on the idea, which could mean eight AP1000 reactors across four sites. My latest, free link:https://www.wsj.com/business/energy-oil/can-the-u-s-make-big-nuclear-reactors-1ab24db9?

Big tech needs access to the grid for AI data centers. In many cases, crypto got there first. Free link: www.wsj.com/business/ene...

AI Data Centers Are Banging on Crypto’s Door

Developers desperately need access to electricity—and bitcoin miners are in a prime position to assist.

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Rick Perry's $17 billion startup Fermi has started building a huge data center and power campus in Amarillo. It aims for four big nuclear reactors. But first, it will build gas power. Free link to my latest: www.wsj.com/business/ene...

Rick Perry’s Nuclear Ambitions Begin With Gas Power

Fermi, a buzzy startup that recently went public, is positioned to benefit from the AI data-center boom and a potential nuclear-power renaissance.

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AI data centers need a lot of electricity. The grid is backlogged. Some are building their own power plants-‘grab yourself a couple of turbines...’ Latest article, link past the paywall: www.wsj.com/business/ene...

AI Data Centers, Desperate for Electricity, Are Building Their Own Power Plants

Utilities are pushing to increase supply, but meeting the surge in demand won’t be easy or fast. Tech companies aren’t waiting around.

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Facebook parent Meta Platforms and Constellation Energy have a nuclear deal. Meta will buy the output of an Illinois reactor for 20 years, which will help cover relicensing costs, maintenance and operations. It's a PPA, so power stays on the grid. Free link: www.wsj.com/business/ene...

Nuclear Power Giant’s Stock Surges on 20-Year Deal With Meta

The tech giant will buy the power generation of an Illinois nuclear plant under a deal with Constellation Energy.

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New from @davidarmstrongx.bsky.social: When I was diagnosed with cancer, I set out to understand why a single pill of Revlimid cost the same as a new iPhone. I’ve covered high drug prices as a reporter for years. What I discovered shocked even me.

The Price of Remission

When I was diagnosed with cancer, I set out to understand why a single pill of Revlimid cost the same as a new iPhone. I’ve covered high drug prices as a reporter for years. What I discovered shocked ...

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A big, decommissioned coal plant was just imploded to make way for (of course) big data centers and what would be the country’s largest natural gas-fired power plant. My latest, free link: www.wsj.com/business/ene...

Exclusive | A Big Coal Plant Was Just Imploded to Make Way for an AI Data Center

The country’s largest natural-gas power plant is planned east of Pittsburgh.

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Interesting read from Rachel Louise Ensign. “All this means that economic growth is unusually reliant on rich Americans continuing to shell out.” Free link: www.wsj.com/economy/cons...

The U.S. Economy Depends More Than Ever on Rich People

The highest-earning 10% of Americans account for almost 50% of all consumer spending.

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Work continues at projects that have already started construction on land or offshore, but Trump has created confusion about what’s next for wind power. (Free link) www.wsj.com/business/ene...

Trump Paralyzes the U.S. Wind Power Industry

The president, who despises wind turbines, has paused federal permits and leasing for such projects, putting company plans in limbo.

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On tariffs risk from Jinjoo Lee: "As surging power demand from places such as data centers is set to strain the system, transformers, the nuts and bolts of the power system, look particularly vulnerable." Free link: www.wsj.com/economy/trad...

How Tariffs Could Shock America’s Power System

Transformers used in power grids are especially vulnerable to trade disruptions.

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Constellation is buying Calpine, a matchup to create a massive power generator at a time when the tech industry has an insatiable appetite for power. In the cash-stock-debt deal, Calpine investors will hang onto shares in Constellation for at least 18 months. Free link: www.wsj.com/business/dea...

Constellation Energy Agrees to Buy Calpine for $16.4 Billion

The merger combines two of the country’s largest power generators as demand for electricity surges.

wsj.com

Renewable energy was a punching bag during President-elect Trump's campaign, and developers have been in a scramble post-election. #energysky New year, new story, free link: www.wsj.com/business/ene...

Green-Energy Firms’ Pitch to Trump: You’re Going to Need a Lot of Power

Instead of touting projects as “clean and affordable,” renewables firms are highlighting their projects’ ability to meet energy needs.

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For an increasing number of homeowners, taxes and insurance make up more than half of the monthly mortgage payment. (Raises hand in Texas). Free link: www.wsj.com/economy/hous...

Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners

These ballooning expenses are rewriting the math of homeownership.

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The Energy Department’s Loan Programs Office will make a $15 billion loan--its biggest yet--to PG&E for grid work. Story by Scott Patterson and Katherine Blunt, with link past the paywall: www.wsj.com/us-news/clim...

Exclusive | Biden Administration Agrees to Record $15 Billion Loan to PG&E

The Energy Department loan would finance the California utility’s efforts to upgrade the power grid and reduce emissions.

wsj.com

Interesting story from the Washington Post on Elon Musk's shift in attitude on climate change. Gift link: wapo.st/3ONQkHA

Musk’s politics hadn’t seeped into Tesla. Then he axed its eco car of the future.

The Tesla CEO was once an outspoken voice on climate change. But Musk now argues many risks are overstated, a stance that could influence Trump and help his businesses.

wapo.st

“Have Yourself A Merriam Little Christmas” Merriam, a career-oriented lexicographer from the city, returns to her small town for the holidays and meets Webster, a ruggedly handsome librarian, who shows her the true DEFINITION of Christmas. Hit us up @hallmarkchannel.bsky.social @netflix.com 🙏

Catchup read if you missed it yesterday - profile of Energy Secretary pick Chris Wright, by @benmorenne.bsky.social www.wsj.com/politics/pol...

Trump’s Energy Secretary Pick Preaches the Benefits of Climate Change

Fracking CEO Chris Wright points to positive changes produced by global warming, in contrast with what some oil giants say.

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JB Straubel of Redwood Materials is an EV/battery optimist. “It feels a bit like we are inventing the next generation of refineries-so to speak.” By Tim Higgins, free link: www.wsj.com/business/aut...

In the Desert With an EV Entrepreneur Who Insists Trump Will Be Good for Business

JB Straubel brims with optimism for the electric-vehicle market he helped create and his plans for again disrupting another industry: mining.

wsj.com

Somewhere south of Marathon. Yes, there we forced family photos as well.

For the weekend, the WSJ 'Wicked' review. (FWIW my crew of moms and girls loved it). Link past the paywall: www.wsj.com/arts-culture...

‘Wicked’ Review: A Movie Musical of Old-Fashioned Magic

Cynthia Erivo and Ariana Grande star in director Jon M. Chu’s lavishly entertaining adaptation of the Broadway hit set in the land of Oz.

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