Trump administration has spent nearly $4B to cancel offshore wind farms
The Trump administration has now convinced developers to abandon 12 offshore wind leases. The latest will cost taxpayers $1.2 billion.
SpaceX’s Terafab will rely on natural gas power plants, not Tesla solar panels
SpaceX and Tesla are building a massive semiconductor fab in Texas that will depend on natural gas power plants, not Tesla solar panels.
Ford needs another Taurus, and the $30K Fathom EV pickup isn’t it
Ford’s CEO has described the new Ford Fathom as a “Model T moment” for the company. But the EV pickup is unlikely to live up to lofty expectations, and maybe it doesn’t have to.
Trump EPA wrongly canceled $20B in climate funds, appeals court rules
Climate nonprofits can again access their federal funding more than a year after the Trump EPA ordered Citibank to freeze their accounts.
SpaceX has bought $329M worth of Tesla Megapacks so far this year
The purchase illustrates just how interconnected Elon Musk’s universe of companies are.
Texas halts new data centers as governor calls for audits
Texas Governor Greg Abbott has paused new data center development until an audit has been completed.
Base Power raises another $1B to save the grid using backyard batteries
Base Power’s $1 billion round will help the startup ramp production of its home batteries.
SpaceX won’t remove all of xAI’s unpermitted turbines for another year
SpaceX is building a new power plant for xAI’s Colossus data centers, but it won’t remove existing, unpermitted turbines for many more months.
Florida plans to build air taxi pads using $200M intended for EV chargers
Florida wants to use federal EV charger funds to build an air taxi network connecting golf courses, luxury apartment buildings, and airports.
When will fusion power startup Commonwealth Fusion Systems go public?
There are fresh signs that fusion power startup Commonwealth Fusion Systems will list in the next two to three years.