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Crude oil exports from the Strait of Hormuz have returned to pre-war levels as producers use pipelines and ship transfers, though refined product flows remain constrained and prices elevated.
Commonwealth Fusion Systems secured a major superconductor deal with a Japanese manufacturer, advancing its tokamak fusion device toward commercial viability as private companies race to make nuclear fusion energy a reality.
Major European corporations including IKEA and EDF urged the EU Commission to maintain strict truck emissions standards, countering manufacturers’ calls for a three-year delay in carbon dioxide reduction targets.
Amazon has secured a 20-year nuclear power agreement with Constellation Energy to supply 690 megawatts from Maryland’s Calvert Cliffs plant, with over $3 billion in infrastructure investments planned.
Leipzig’s 16 hydrogen garbage trucks achieved only 45.6% availability after two years of operation, falling short of the 80% rate for conventional vehicles and raising questions about hydrogen’s commercial viability for waste collection.
Chinese automaker Geely has acquired a 30% stake in NIO Power, the battery-swapping division of EV manufacturer NIO, signaling major industry confidence in battery exchange technology.
