Northvolt, once seen as Europe’s best hope for a strong battery industry, has filed for bankruptcy in Sweden. The company, which aimed to create the “world’s greenest battery,” struggled to meet its ambitious goals. This marks a major blow to Europe’s efforts to compete in the global electric vehicle (EV) battery market. Why Did Northvolt […]
On March 14, 2025, Prime Minister Mark Carney announced the end of Canada’s federal consumer carbon tax, effective April 1. This move marks a major shift in the country’s climate strategy. While the government insists it’s still committed to cutting emissions, the big question remains—how will Canada meet its climate goals without a direct tax […]
Geothermal energy has great potential, but it has been underused for years. Although it’s been available for over a century, its global impact has been limited. New drilling and resource management technologies, many from the oil and gas sector, are now lowering costs and tapping into deeper reservoirs. These innovations could make geothermal a crucial […]
China has reopened its voluntary carbon credit market after eight years. This has caused sharp price swings. A Bloomberg report showed that the new China Certified Emission Reduction (CCER) credits rose to 107.36 yuan ($14.82) per ton. This price was 21% higher than mandatory carbon allowances. However, it then fell to 72.81 yuan, a 17% […]
Uranium Energy Corp (UEC) is making big strides in the uranium industry. With strong financial results, strategic acquisitions, and a growing focus on sustainability, the company is positioning itself as a leader in clean energy. In the second quarter of the fiscal year 2025, UEC reported impressive revenue, expanded its domestic uranium production, and strengthened […]
The Large Energy Users Pledge was announced on March 12 at the CERAWeek energy conference in Houston, Texas. Big companies like Google, Amazon, and Meta have joined a pledge to triple nuclear energy use by 2050. These tech giants have teamed up with Dow, Allseas, OSGE, and Occidental to push for more nuclear power. This […]
Taiwan Semiconductor Manufacturing Company (TSMC), the largest semiconductor foundry in the world, reported strong revenue growth in the first two months of 2025. The company earned NT$553.3 billion (US$16.81 billion), a 39.2% increase from last year. This growth is driven by the high demand for AI chips, especially from NVIDIA. AI Demand Fuels TSMC Revenue […]
The Environmental Protection Agency (EPA), under the Trump administration, canceled $20 billion in climate grants that were part of the Greenhouse Gas Reduction Fund (GGRF). This program was created under a previous administration’s climate law to support clean energy projects. The money was meant for community organizations, nonprofits, credit unions, housing agencies, and solar energy […]
Orano, a leader in uranium enrichment, is expanding its Georges Besse II plant in Tricastin, France. This expansion will provide a steady supply of enriched uranium for European utility companies. To support this, Orano signed a €400 million loan agreement with the European Investment Bank (EIB). The funding will increase the plant’s capacity and enhance […]