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DOE holds emergency meeting on Iran crisis
Businessphilstar26d ago

DOE holds emergency meeting on Iran crisis

The Department of Energy yesterday convened independent oil firms for an emergency meeting to assess the status of their supply as well as secure their commitment to implement measures aimed at mitigating the impact of sharp fuel price hikes in the coming days.

This US state could be the new data center capital of the world by 2030
TechnologyBusiness Insider1mo ago

This US state could be the new data center capital of the world by 2030

Google executives meet with officials at a Google data center in Midlothian, Texas. Fortune via Reuters Connect Northern Virginia is home to the world's largest data center market. That could soon change, as Big Tech ramps up data center construction across the US. West Texas, Tennessee, Wisconsin, and Ohio are emerging as key markets. The old saying "Everything is bigger in Texas" now applies to data centers. The Lone Star State is on track to unseat Virginia as the world's largest data center market by 2030, new research from Jones Lang LaSalle shows. The shift indicates how drastically the data center development boom has reshaped the US's digital infrastructure map and the landscape as a whole. Amazon, Microsoft, Google, and Meta plan to spend more than $600 billion on AI infrastructure expansion in 2026 — a number so dizzyingly high that Wall Street is on high alert for signs of an AI bubble. More than half of all data center construction in the US now happens outside the industry's traditional hubs, according to JLL's North America Data Center Report — Year-End 2025. Tennessee, Ohio, Wisconsin, and Texas are now considered the top emerging markets for data centers. Texas alone has 6.5 gigawatts of data center capacity under construction. That amount of power is roughly equivalent to more than three Hoover Dams or over 17,000 Tesla Model 3s when using the US Department of Energy's standard, and it accounts for about one-fifth of the 35 gigawatts of data center capacity the US added to its pipeline. That 35 gigawatts is roughly equivalent to the annual electricity consumption of the UK or Italy, and adding it would nearly double the existing data center capacity in the US, according to JLL. Part of Texas's appeal is its sprawl. The state houses some of the most ambitious data center projects in the country. Oracle and OpenAI's flagship Stargate data center is in Abilene, Google is planning a $40 billion expansion in West Texas, and Meta is building a massive new site in El Paso, just to name a few. Texas also has abundant energy resources, which is good news for data center developers. The AI boom has driven electricity demand to new heights and strained the nation's power grid. In Texas, several data centers — including Stargate — are being built alongside on-site power plants. Northern Virginia has been the data center industry's central hub for more than 15 years, going back to the early days of cloud computing. That has changed rapidly as Big Tech spreads out across the country in search of available power, cheap land, and the best tax incentive packages for the coming wave of AI data centers. Have a tip? Contact this reporter via email at ethomas@businessinsider.com or on Signal at 929-524-6964. Read the original article on Business Insider

Philippines Allows Euro-2 Fuel Imports Amid Supply Crisis
Businessjerusalem-postRapplerphilstar6d ago3 sources

Philippines Allows Euro-2 Fuel Imports Amid Supply Crisis

The Philippine Department of Energy has permitted the temporary use and importation of Euro-II compliant petroleum products for specific sectors to maintain continuous fuel supply and allow flexibility amid the Middle East crisis.

149,000 4Ps beneficiaries get electricity discounts in Western Visayas
Businessinquirer22d ago

149,000 4Ps beneficiaries get electricity discounts in Western Visayas

GUIMBAL, Iloilo–Some 149,896 beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) across Western Visayas are set to avail of discounts in their electricity bills via the lifeline rate program of the Department of Energy (DOE). The program was launched here on Friday, graced by Energy Secretary Sharon Garin and Energy Undersecretary Mylene Capongcol. According to

As Demand Grows, US Nuclear Energy Industry Faces Looming Crunch In Reactor Fuel Supply
Politicszerohedge1mo ago

As Demand Grows, US Nuclear Energy Industry Faces Looming Crunch In Reactor Fuel Supply

As Demand Grows, US Nuclear Energy Industry Faces Looming Crunch In Reactor Fuel Supply Authored by John Haughey via The Epoch Times, The Department of Energy (DOE) has invested billions in incentivizing domestic production of enriched uranium for the commercial development of advanced nuclear reactors, including $2.7 billion issued last month to three companies to build centrifuges and processing plants necessary to produce fuel for reactor cores. Yet, a fuel crunch that could hobble President Donald Trump’s “nuclear renaissance” initiatives looms as soon as 2028, several experts warned during the two-day U.S. Nuclear Industry Council’s 13th annual Advanced Reactors Summit in Seattle that concluded Feb. 12.  “If America wants to lead in advanced reactors, we have to do the nuclear fuel here. Make no mistake about that,” Centrus Energy Senior Vice President Patrick Brown told more than 400 nuclear industry professionals on Feb.12. “Unfortunately, we’re really building from zero.” Right now, he said, less than 1 percent of the nuclear fuel that the nation’s 94 commercial reactors annually consume is produced domestically, and that is exclusively dedicated to the Pentagon. The nation’s commercial nuclear energy industry is “completely reliant on foreign imports” of enriched uranium, he said, primarily from Kazakhstan and Canada. Those imports include up to 5 percent from Russia that won’t be available soon. In response to Russia’s invasion of Ukraine in 2022, Congress in 2023 banned U.S. companies from importing Russian uranium. That ban goes into effect on Jan. 1, 2028. Brown said with the global nuclear fuel market already constrained, domestic industry’s scramble to revive enrichment—a process American companies invented and once dominated—is now a race to have supply available to meet demand as new reactors come online. Because that demand—spurred by the president’s May 2025 executive orders to license 10 new reactors by 2030 and quadruple commercial nuclear energy output by 2050—is likely to outpace domestic fuel production until the early 2030s, he said a timing shortage will emerge in 2028.  “That’s when we'll see that the problem is there’s not enough non-Russian supply” of enriched uranium to replace even the relatively small amount it now produces in a tight market where restrictions on one supplier impacts the entire market. “Fortunately,” Brown said, the industry and the Trump administration recognize there is an approaching gap between burgeoning demand and static supply, and has deemed restoring domestic capacity to enrich uranium a national security priority akin to “a second Manhattan Project.” The entrance of Urenco's uranium enrichment plant in Gronau, Germany. Urenco USA also operates a commercial enrichment plant in New Mexico and is among the few companies in the United States authorized to do so. Volker Hartmann/DDP/AFP via Getty Images Industry Must Respond The nation’s domestic nuclear fuel supply chain got a $2.7 billion boost when the Department of Energy on Jan. 5 issued awards to three domestic companies to enrich low-enriched uranium and high-assay low-enriched uranium. Securing $900 million awards each to build uranium enrichment plants are California-based General Matter in a former Paducah gaseous diffusion plant in western Kentucky, North Carolina-headquartered Orano Group’s Federal Services operation in Oak Ridge, Tennessee, and Maryland-based Centrus Energy’s uranium enrichment plant in Piketon, Ohio. Brown said unlike the array of demonstration projects the Department of Energy is sponsoring, such as the Energy Reactor Pilot Program that has 10 companies vying for federal funding if they can demonstrate functionality of their designs by July 4, 2026, enriching uranium is not a new process. “We’re not here to do science experiments, right?” he said. “We’re here to go big or go home. We’re not going home. The era of demonstration is over. We are moving onto large-scale commercial production.” Centrus is already licensed to produce low-enriched uranium and high-assay low-enriched uranium in its Ohio plant, he said. Its Technology and Manufacturing Center in Oak Ridge, Tennessee, is the only domestic manufacturer of centrifuges needed for the enrichment process. It’s ready to gradually scale-up production. “We have the site. We have the facility,” Brown said. “We have the room to expand” at the Piketon plant, which is demonstrating with 18 centrifuges what could be replicated by thousands. “Our technologies are proven and are actively producing [high-assay low-enriched uranium] today,” he said. The Department of Energy award is designed to induce a long-term “demand signal” for investors and utilities, he said, by assuring them there will be ample domestic supply of enriched uranium available should they incorporate nuclear power into their grid expansion plans. However, Brown said, the Piketon plant and other projects nationwide are not expected to reach peak production until the early 2030s, meaning there could be more demand than supply until production can catch up. While the Department of Energy funding is critical in seeding domestic capacity to be self-sufficient in producing nuclear fuels, how swiftly that can be achieved is now up to the industry itself, he said, encouraging operators to begin negotiating “off take” agreements with Centrus and others engaged in uranium enrichment so they can secure their fuel supply and processors can commit to ramping up with confirmed orders. “This is the chicken-and-the-egg problem that [the Department of Energy] was trying to solve. They said, ‘Build the capacity and the advanced reactor development will come while we’re building it,’” Brown said. “That’s the message. So we need firm contracts to proceed to build further. So let us know. We’re ready.” Tyler Durden Sun, 02/15/2026 - 14:00

Trump Extends Iran Deadline, Promotes Talks Amid Market Turmoil
PoliticsAPReutersBBC+78bloombergNYTwsjFTle-mondewapoThe GuardianNPR+70 more2d ago81 sources

Trump Extends Iran Deadline, Promotes Talks Amid Market Turmoil

US President Donald Trump has extended a deadline and promoted progress in talks with Iran, stating he is suspending attacks on Iranian energy plants. These diplomatic developments continue as military strikes persist, causing market volatility and stock drops.

Why US money may not be enough to break China’s rare earths dominance
BusinessSCMP28d ago

Why US money may not be enough to break China’s rare earths dominance

The United States was out in force in Cape Town this month, throwing down a direct challenge to China at Africa’s biggest mining conference, the Investing in African Mining Indaba. While Chinese firms showed their technological leadership with automation and green energy solutions, officials from the State Department, the Department of Energy and several US development agencies were among the record number of American diplomats and financiers at the event in South Africa. Analysts said the US...