Mark Chediak
@mchediak.bsky.social
Journalist for Bloomberg News writing about utilities, renewables and climate disasters. Opinions are my own.
Guam and the Northern Marianas Islands are being threatened by a super typhoon for the second time this year.
US Northern Marianas Threatened by Second Super Typhoon in 2026
Guam and the Northern Marianas Islands are being threatened by a super typhoon for the second time this year.
bloom.bg
The largest #wind farm in US history started up this month in New Mexico. It'll be America’s last landmark wind project for years, as the industry grapples with a myriad of headwinds. My latest 👇 🎁Link: www.bloomberg.com/news/article...
America’s Biggest Wind Farm Arrives Just as Industry Heads for Declines
The pace of onshore turbine installations is set to slow until 2030 as the renewables sector faces a myriad of headwinds.
bloomberg.com
www.bloomberg.com/news/article...
Read the 14-Point Draft Memorandum Between the US and Iran
The US and Iran are expected to formally sign a memorandum of understanding on June 19 in Switzerland, paving the way for 60 days of talks aimed at ending their war for good and putting strict new lim...
bloomberg.com
Artificial intelligence data centers are on the verge of reaching their limits. That’s forcing a reckoning among hyperscalers, data center operators, chip makers and power equipment producers. As they scale up, they are having to reimagine how data centers are designed, built and powered. 🎁 link:
The Race to Rethink Data Centers for AI’s Power Surge
With energy demand already straining infrastructure, AI players are reimagining the data center from the ground up.
bloomberg.com
Breaking news -> Nextpower agreed to acquire battery company Prevalon Energy for as much as $365 million, marking the solar-tracking provider’s move into energy storage and the fast-growing AI data-center market. #batteries #Greensky
Solar Company Nextpower Eyes AI’s Power Needs With Battery Deal
Nextpower Inc. agreed to acquire battery company Prevalon Energy for as much as $365 million, marking the solar-tracking provider’s move into energy storage and the fast-growing AI data-center market.
bloomberg.com
Friday afternoon scoop 👇 About $50 billion in wind investments and 150,000 jobs are imperiled by the Trump administration’s effective halt to approvals for new onshore projects, according to a trade group report reviewed by Bloomberg News. www.bloomberg.com/news/article...
Wind-Permit Stall Is Threatening $50 Billion in US Developments
About $50 billion in wind investments and 150,000 jobs are imperiled by the Trump administration’s effective halt to approvals for new onshore projects, a trade group said.
bloomberg.com
NEWS -> SpaceX is planning to build a massive, 10-gigawatt solar manufacturing facility near Austin as part of Elon Musk’s ambition to power artificial intelligence data centers in space. #solar www.bloomberg.com/news/article...
SpaceX Aims to Build 10-Gigawatt Solar Factory Near Austin
SpaceX is planning to build a massive, 10-gigawatt solar manufacturing facility near Austin as part of Elon Musk’s ambition to power artificial intelligence data centers in space.
bloomberg.com
Massive utility deal news. Hat tip to the Financial Times. www.bloomberg.com/news/article...
NextEra Energy Is Said to Be in Talks to Acquire Dominion
NextEra Energy Inc. is in discussions to acquire utility rival Dominion Energy Inc. in a mostly stock deal aimed at helping address the growing demand for power from data centers, according to a perso...
bloomberg.com
👋 The US residential #solar industry knew this year would be tough after President Donald Trump’s One Big Beautiful Bill ended a lucrative homeowner tax break for buying panels. So far, it’s looking even worse than feared. My latest 👇 🎁 Link: www.bloomberg.com/news/article...
The Bust in US Home Solar Has Worsened After Trump Ends Subsidies
The US residential solar industry knew this year would be tough after President Donald Trump’s One Big Beautiful Bill ended a lucrative homeowner tax break for buying panels.
bloomberg.com
President Donald Trump said that US government officials, including Secretary of State Marco Rubio, are in discussions with Cuba’s Communist regime as the island nation faces worsening economic conditions
Trump Says Rubio in Talks With Cuba as It Faces Economic Crisis
President Donald Trump said that US government officials, including Secretary of State Marco Rubio, are in discussions with Cuba’s Communist regime as the island nation faces worsening economic conditions.
bloom.bg
Another finance challenge associated with tax credits that the IRS is slowing. When a developer completes a solar project, the tax credits must be shifted from the developer to the future asset owner. This transfer must be approved by the IRS. This process, I am told, has been locked up for months.
Mark Chediak@mchediak.bsky.social · 6mo agoNew from me: Big investment banks are hesitant to offer so-called tax-equity financing to wind, solar and battery projects because of uncertainty over new restrictions on ownership ties to China. It's obstacle for the US renewable industry. Gift link: www.bloomberg.com/news/article...
New from me: Big investment banks are hesitant to offer so-called tax-equity financing to wind, solar and battery projects because of uncertainty over new restrictions on ownership ties to China. It's obstacle for the US renewable industry. Gift link: www.bloomberg.com/news/article...
US Clean Energy Deals Face Financing Risk as Big Banks Hold Back
JPMorgan Chase & Co. and Morgan Stanley are among leading investment banks hesitating to provide a critical source of financing for US renewables projects.
bloomberg.com
Lawyers can't reach clients in ICE detention. I've heard it anecdotally, but scale of issue is horrifying. Bloomberg Law is a legal trade pub so many may miss this. Screenshot from their CA newsletter summarizes "bleak" situation for justice and rule of law. news.bloomberglaw.com/litigation/l...
I recommend Minnesota Public Radio live. I’m learning a lot I’m not getting elsewhere.
Please read my latest on the US offshore #wind industry. Lots of news last week! 👇🏼
Bloomberg News@bloomberg.com · 7mo agoThe Trump administration loses in courts and still has the upper hand over offshore wind companies.
A year after the LA wildfires, the price tag for the costliest blazes in US history is still climbing. Who pays is uncertain. Our story on how risk and damage have spread beyond burned neighborhoods and the fight to limit losses and shift liability: www.bloomberg.com/features/202...
One Year After LA Fires, Recovery Is a Battleground
The price tag for the costliest blazes in US history is still climbing and disputes over who will pay are escalating.
bloomberg.com
A side story is there’s a ton of insider trading on these prediction markets. New accounts making hundreds of thousands on their first and only trade, that maduro would be ousted. Seems like insider trading is legal if not encouraged on these platforms
Delcy Rodríguez, vice president of Venezuela under Nicolás Maduro before his capture by US forces, will work with the US to transition to a democratically elected government, President Donald Trump said
Venezuelan Vice President to Help US With Transition, Trump Says
Delcy Rodríguez, vice president of Venezuela under Nicolás Maduro before his capture by US forces Saturday, has been sworn in as president and will work with the US to transition to a democratically elected government, President Donald Trump said.
bloom.bg
Happy New Year #energysky! What are the big themes you are tracking this year?
🚨 New: “Presidency Boosts Trump’s Net Worth By $3 Billion In A Year” “Vaulted him 118 spots on The Forbes 400, where he lands at No. 201 this year.” @danalexander21.bsky.social for @forbes.com
Trump Jumps 118 Spots On The Forbes 400 List Thanks To Presidency
Donald Trump lost money during his first term. Out of office, he found a formula for profiting off politics—now he’s piling up billions.
forbes.com
Parsons, Kansas, will be the site of the world's first 1-mile deep nuclear reactor, a California startup says. And it will hold a groundbreaking ceremony next week: www.kcur.org/environment-... #Kansas #ksleg #ArtificialIntelligence #datacenters #AI #advancednuclear #NuclearPower
Kansas will get the world’s first mile-deep nuclear reactor and the groundbreaking is next week
Deep Fission says it plans to install a nuclear reactor underground at an industrial park in southeast Kansas. State and local government leaders are on board. It’s part of a national push for new nuc...
kcur.org
👀👀
Ence Morse@ence.bsky.social · 9mo agoWe spent a year investigating billionaires for @washingtonpost.com. We found: the wealthiest 100 Americans gave $1.1 billion to influence the 2024 elections — 140x more than they did in 2000. And almost all of that giving boosted Republicans. washingtonpost.com/politics/int...
NEWS - Trump and Mamdani agree that NY utility ConEd needs to lower utility bills. 🎁 Link: www.bloomberg.com/news/article...
Trump Calls on New York’s Con Ed to Cut Rates in Meeting With Mamdani
President Donald Trump said he talked about the need for New York utility Consolidated Edison Inc. to lower rates during a meeting with New York Mayor-elect Zohran Mamdani at the White House.
bloomberg.com
Do not miss this stunning investigation that reveals how a Koch-funded machine and Silicon Valley's new found interest is behind the dangerous advanced nuclear hype in the US. 🎁🔗 www.bloomberg.com/news/feature...
The Risky Movement to Make America Nuclear Again
A Silicon Valley startup called Oklo is leading the charge to bring nuclear power back to the US with small reactors. Its backers have wealth and political connections that could undermine nuclear saf...
bloomberg.com
Nighttime polar orbiter satellite photos of Jamaica before and after #Melissa show how the power grid was affected. Melissa knocked out power to about 77% of Jamaica’s customers, said Minister of Local Government Desmond McKenzie. Photos from worldview.earthdata.nasa.gov
“.. a nagging worry is beginning to grow louder on Wall Street: What if these kinds of collapses, capable of taking bonds from par to cents on the dollar in a matter of days or weeks, are not an aberration after all?” 👀 @bloomberg.com www.bloomberg.com/news/feature...
Solar panel installations in China slowed again in August to hit the lowest since late 2022, as producers turned to overseas markets amid sluggish domestic demand
China’s Solar Installations Fall to Near Three-Year Low
Solar panel installations in China slowed again in August to hit the lowest in nearly three years, as producers turned to overseas markets amid sluggish domestic demand.
bloom.bg
President Donald Trump said his administration will use funds collected from tariffs to assist US farmers, who have thus far been hit hard by his trade policies
Trump Says Tariff Revenue Will Fund Relief for US Farmers
President Donald Trump said his administration will use funds collected from tariffs to assist beleaguered US farmers, who have thus far been hit hard by his trade policies.
bloom.bg
Chinese carmaker BYD just broke the speed record for a production car, and it's all electric. 308 mph.
