Energy

271 manufacturing projects for clean energy tech and electric vehicles have been announced since the IRA passed.

Executives at some of the biggest utilities in the U.S. have warned that failure to meet this demand will jeopardize the nation’s economic growth.

The U.S. aims to reduce emissions by at least 50% by 2030. But a new report estimates that the actual reduction will be less than that: 32% to 43%.

Offshore wind, the industry’s most promising area for growth, faced setbacks last year.

The state is, at times, producing more energy than it can use. That has led it to explore storage options and trim financial incentives.

The U.S. is way behind Europe and its own offshore wind power targets, but the Charybdis — a giant ship nearing completion in Texas — could give a jolt to the industry.

"The physical, emotional, and economic toll on consumers grows," said Rep. Nydia Velázquez, who has asked the U.S. Department of Energy to help.

The rate increases will hit electric vehicles, batteries, semiconductors and certain steel and aluminum products starting as early as this year.

Activists have long sought to put pressure on the money that undergirds oil, gas and coal. But a report shows how global banks continue to finance fossil-fuel-related endeavors.

The tariff rate on Chinese EVs is set to jump from 25% to about 100%, sources said, adding that batteries and solar panels from China would also be affected.

Oklo’s business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants.