Power Markets

The U.S. announced on Wednesday that it is requesting input from U.S. state governments on their interest in hosting a site for the development of nuclear fuel lifecycles, including storing nuclear wastes and spent fuel reprocessing. The U.S. Energy Department calls these sites Nuclear Lifecycle Innovation Campuses. They could provide federal funding for the deployment of advanced reactors as well as co-located computer centers. Campuses could be used to enrich uranium. By April 1, the department is seeking input from all states. Donald Trump is looking to quadruple the U.S. nuclear power capacity to 400 gigawatts in 2050, as electricity...

U.S. Electric Grid Operators on Saturday increased precautions to prevent power shortages and rotating blackouts, as the?cold weather that affected nearly half of the country's residents increased stress?on their operations. The PJM interconnection, the largest regional?grid in the United States that?serves 67,000,000 people in the East & Mid-Atlantic, reported a temporary spike in spot wholesale prices on Saturday morning to almost $3,000 per megawatt-hour from levels as low as $200 per MWh. Stormy weather and temperatures around 0 degrees Fahrenheit (-18 C), pushed up demand for electricity and caused some operators to close down natural gas production in key basins....

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch for the accuracy of these reports. - ?U.S. On Thursday, President Donald Trump sued JPMorgan Chase CEO Jamie Dimon and the bank for $5? President Donald Trump sued JPMorgan Chase and CEO Jamie Dimon for $5? TikTok finalized a deal with Oracle, Silver Lake, and MGX, each holding 15% stakes, and ByteDance, less than 20%. As a major winter storm threatens to cause power outages this weekend, the U.S. Energy Department?ordered? grid operators to tap into backup data power...

General Fusion, a nuclear energy startup in the U.S., announced on Thursday that it would go public with a deal worth about $1 billion. The company will be partnering with blank-check firm?Spring Valley Acquisition Corp. III. This is due to a growing demand for?cleaner electricity. General Fusion reported that the deal included $105 million in private equity investment oversubscribed by SVAC III and approximately $230 million in cash held in trust for SVAC III. General Fusion expects to complete the merger?by the middle of 2026 and list the stock on Nasdaq with the ticker GFUZ. The Canadian company is developing...

The?U.S. The Department of Energy is seeking interest from U.S. States as early as this week on the storage of nuclear waste as a reward for incentives to build reactors. The Trump administration wants to quadruple the U.S. nuclear capacity to 400 gigawatts in 2050, as electricity demand increases for the first decade due to data centers and cryptocurrency. The new strategy represents a major shift in policy aimed at solving an old problem that has plagued the U.S. Nuclear Industry for decades: how to dispose of its radioactive waste. The administration believes that overcoming local opposition to waste disposal...

On?Friday, the United States and Slovakia signed an agreement to further cooperation in the country's nuclear energy program. They said that this would reduce Slovakia's reliance on Russian designed reactors. The agreement calls for the construction of a 1,200 megawatt state-owned nuclear unit, designed in the U.S. Since?last year, Slovakia has been in talks with Washington to build a large nuclear plant with Westinghouse, a nuclear developer. Energy Secretary Chris Wright said at an event held at the headquarters of the agency in Washington, "Today's Civil Nuclear Agreement reflects our shared dedication to strengthening European energy sovereignty and security for...

The White House on Saturday urged the U.S. largest electric grid to hold an "emergency auction" to prevent rolling blackouts, as data center energy demands are growing faster than the country's ability to build new generation plants. The Trump Administration initiative calls for PJM Interconnection, a company that serves 67,000,000 customers across 13 states, including Washington, D.C., and conducts an emergency auction to address escalating prices of electricity and increasing reliability risks in the mid-Atlantic area of the United States. PJM will unveil its plan on Friday. PJM has been criticized for its slow response to the rising demand and...

The White House reported that regional fears about a U.S. strike on Iran were eased when President Donald Trump stated that Tehran assured him protesters wouldn't be executed. However, he still has "all his options" on the table. Israel and the United States carried out their last major strike on Iran in June, targeting mainly key nuclear facilities. Which nuclear sites were hit? The three uranium enrichment plants in Iran - two at Natanz, and one hidden inside a mountain near Fordow – as well as the sprawling Isfahan complex that includes a number of?facilities?that are part of the nuclear...

Two sources familiar with the situation have confirmed that governors of states in the United States experiencing a rapid increase in data center construction are expected to visit the White House this Friday, and sign an agreement with Trump's administration to reduce rising electricity prices. The agreement sets price caps on future auctions for the PJM grid, which covers 67 million people across the mid-Atlantic region and inland states. It also forces new data center operators such as Amazon and Google to pay a larger share of the cost to expand the grid. The White House event is part of...

The Energy Information Administration, in its "Short-Term Energy Outlook" on Tuesday, said that the U.S. electricity consumption will continue to rise in 2026 and 2027. The EIA's projected electricity demand will?rise? from a record of 4,198 billion kilowatt hours (kWh) in 2020 to 4,256 billion in 2026, and 4,364 in 2027. The demand for electricity is increasing due to the data centers that are dedicated to artificial Intelligence and cryptocurrency. Also, homes and businesses are using less fossil fuels to heat and transport. EIA predicts that power sales for residential customers will reach 1,519 billion kWh in 2026, while commercial...

Microsoft announced on Tuesday a plan to reduce water consumption at its U.S. Data Centers and the potential impact of rising power prices on the general public. Politicians?across America?are urging an expansion of the data-center?capacity?and new energy production in order to keep the U.S. competitive in AI. Local communities, however, are concerned about the impact of the energy-hungry data centers on their utility bills, and how they will use water, land and other resources in the area. Microsoft has said that it will pay high utility rates to cover its power costs, and work with local utilities when necessary to...

The U.S. greenhouse gases emissions increased for the first two years at a faster rate than the U.S. economy. They rose by 2.4% by 2025. This was largely due to the increase in power sector demand and the use of fuel for heating buildings. According to the research firm, the increase in emissions was primarily due to increased emissions from direct fuel used to heat buildings. These emissions rose 6.8% from 2025 to the previous year. The power sector also saw a 3.8% increase in emissions as a result of coal-fired generators being added to meet the demand for?data centres...

Officials said that Russian drones bombarded the southern Ukrainian city Odesa overnight. They killed three people and injured 25 others, as Moscow intensified its strikes to push Kyiv into giving up 'fighting. The attack was part of a winter campaign by Moscow to strike Ukrainian energy infrastructure. Kyiv is under pressure from the United States to accept a peace agreement to end the almost four-year-old war. Volodymyr Zelenskiy, the Ukrainian president, said that Russia launched over 50 drones in Odesa. He described this as an "brutal attack" on the city. Ukrainian and Russian negotiators are preparing for a new round...

MOSCOW, January 25. The town that is home to Russia's largest naval base had to switch over?to an emergency generator after old power lines collapsed during bad weather. This cut off electricity and some heating. Severomorsk is the most important naval command in Russia. It's located on the Kola bay of the Barents Sea. The Russian Navy's most important command is located in the closed town of Severomorsk, which is home to Russia's largest fleet of ballistic missile submarines. It also controls a vast arsenal of nuclear warheads and missiles as well as repair yards. Andrei Chibis, governor of the...

Ukraine's energy network on Thursday experienced its most difficult day since a widespread power outage hit the system in November - 2022. The situation is still "extremely difficult, Energy Minister???Denys?Shmyhal? said. In the nearly four-year old war, Russia has been targeting Ukraine's energy systems. But the attacks intensified recently, causing heavy damage to networks and knocking power and heat out for large swathes. The power was cut to thousands of apartment blocks in Kyiv during two nights of strikes this month. Shmyhal is also the first deputy premier and he said that the recent difficulties were due to a number...

China has halted imports of Russian electric power, the?Kommersant?newspaper reported Friday. Citing sources who are familiar with the situation, and citing high prices, Russia stated that it was prepared to resume sales, and talks were in progress. The Chinese government did not respond immediately to a comment request. The Russian energy ministry said that the first priority was to meet the rising demand for electricity in Russia's Far East but it could resume supplying to China if the terms agreed. It said that "Russia could resume electricity exports from China if Beijing makes a similar request and mutually beneficial terms...

The?government announced on Thursday that Vietnam's PM Pham Minh Chinh wanted talks with Russia about building a nuclear plant to be completed?this month. He also urged officials to seek out new?partners, after Japan pulled its support from a second project. Vietnam restarted its nuclear energy programme in 2017 after it was suspended in 2016. Hanoi has negotiated agreements with Russia and Japan for the construction of two power plants, each with a combined capacity between 4 and 6.4 gigawatts. The aim is to sign the agreements with Russia in September and the agreement with Japan by the end last year....

Volodymyr Zelenskiy, president of Ukraine, said that the U.S.-Ukrainian negotiators would revisit the most problematic issues in the peace talks to end Russia’s war, including the question of the fate of the nuclear power plant occupied by the Russians. Kyiv faces 'U.S. Kyiv is under?U.S. The delegations have gathered in Paris to discuss peace and security assurances for Ukraine, in the event of a ceasefire between Ukraine and Russia. Russia has not been supportive of the U.S.-backed initiative. Zelenskiy announced on X that a third meeting with the U.S. delegation would take place in just two days. He said that...

Odesa, Ukraine's southernmost port city, and the surrounding area suffered major blackouts on Saturday following a massive overnight?Russian assault?on power grid which left more than one million households without electricity. Volodymyr Zelenskiy, the president of Ukraine, said that Russia attacked Ukraine using more than 450 drones as well as 30 missiles. Zelenskiy, a Telegram user, wrote that the attack had a major impact on our energy system in the south, and particularly on Odesa. He added that thousands of families across Ukraine were without electricity. Yulia Svyrydenko, the Prime Minister of Ukraine, said that it was a major attack on...

The authorities of the Central Asian nation announced this week that Tajikistan had imposed energy restrictions, including on some industrial users. This was due to low water levels in hydroelectric power plants. According to the economy ministry, electricity users representing nearly 20% of Tajikistan GDP will be affected. The majority of streetlights will be turned off and the power supply to public sector institutions will also be shut off after hours. Tajikistan is the poorest successor state of the Soviet Union, with a population nearing 11 million. It faces power shortages almost every year. A particularly warm and dry fall...

The Russian operators of the Zaporizhzhia Nuclear Power Plant in Ukraine have confirmed that a second external powerline has been restored. The plant, Europe's biggest with six reactors, was taken by Russian troops during the first few weeks of the invasion of Ukraine in February 2022. Russia and Ukraine accuse each of other's military actions which compromise nuclear safety. The plant does not produce electricity at the moment, but it needs external power in order to cool down the nuclear fuels and prevent the possibility of a meltdown. In a statement cited by Russian news agencies the station's Russian operators...

The Ukrainian Foreign Ministry condemned on Friday what they called Russian attacks on critical substations that supply external power to Ukraine's nuclear reactors. A ministry statement released late Friday stated that Russia had carried out "targeted attacks" on these substations. It added that "Deliberate attacks on civilian energy installations which directly affect the safe operations of nuclear facilities bear the hallmarks and are a grave breach of international humanitarian laws." The ministry referred back to a Thursday statement by the U.N. nuclear monitor, the International Atomic Energy Agency. It reported that military activity had "caused damage to critical substations for...

The Zaporizhzhia Nuclear Power Station in Ukraine has been reconnected to external power by engineers who repaired a damaged line of high voltage, the station's Russian-installed managers announced on Thursday. In the first weeks after the Ukraine war, Russian troops seized the plant, Europe's biggest with six reactors. The plant currently does not produce electricity but it needs external power in order to cool down the nuclear fuel, avoiding the possibility of a meltdown. The International Atomic Energy Agency, U.N. nuclear watchdog, has prioritized the safety of this site, given the nearby fighting. Russia and Ukraine have often accused each...

Vitali Klitschko, the mayor of Kyiv, said that Russian missiles fired at night ignited fires in several districts and scattered debris, shattering glass and damaging cars. Klitschko, who posted on Telegram, said that emergency services were dispatched at several sites to clean up the debris left by the air weapons, but there had been no reports of casualties. Witnesses heard what sounded as if air defence units were in operation. It was not immediately known the size of the attack and the primary target. Klitschko claimed that the attack was carried out using ballistic missiles. Russia has not yet commented....