RelaxFoto.de/E+ via Getty Images The U.S. will need at least 10 GW of additional large nuclear capacity in the coming years to supply surging energy demand while also meeting climate goals, Southern Co. (NYSE:SO) CEO Chris Womack said Thursday at the Reuters Global Energy Transition conference. The typical reactor inContinue Reading
Ocean Power Technologies (NYSE:OPTT) on Thursday announced the signing of an Original Equipment Manufacture agreement with Teledyne Marine, a division of Teledyne Technologies (NYSE:TDY), a supplier in the maritime technology inclusive of connectors, instruments, and vehicles. “This strategic partnership aims to enhance OPT’s product offerings and drive innovation within the industryContinue Reading
Massimo Giachetti/iStock Editorial via Getty Images Nasdaq (NASDAQ:NDAQ) said on Wednesday that its previously announced agreement to sell Nasdaq’s Nordic power trading and clearing business to the European Energy Exchange was terminated, the company said in a statement on Wednesday. The company didn’t provide a reason for why the dealContinue Reading
vchal/iStock via Getty Images NuScale Power (NYSE:SMR) is continuing a big run after the U.S. Department of Energy said it would fund up to $900M to aid in the deployment of small modular nuclear reactors. Since the announcement a week ago, the stock has soared 30%, including another 10% moveContinue Reading
Gargolas/iStock via Getty Images Texas geothermal company Fervo said Tuesday that Southern California Edison (NYSE:EIX) signed power purchase agreements for power from its advanced geothermal project under construction in southwest Utah; financial terms were not disclosed. In terms of megawatts, Fervo said the deal for 320 MW – the equivalentContinue Reading
This post is co-written with Jhanvi Shriram and Ketaki Shriram from Krikey. Krikey AI is revolutionizing the world of 3D animation with their innovative platform that allows anyone to generate high-quality 3D animations using just text or video inputs, without needing any prior animation experience. At the core of KrikeyContinue Reading
pedrosala/iStock via Getty Images Higher electricity bills are ahead for most of the U.S. this summer, as the Energy Information Administration forecasts the average monthly residential power bill in the U.S. rising to $173 in June, July and August, up 3% from a year ago. The biggest bumps in electricityContinue Reading
