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The Trump administration is backing geothermal energy development through funding and policy support, establishing a new Geothermal Center of Excellence while pursuing an energy dominance strategy.
U.S. dams could generate an additional 15.2 terawatt-hours annually through retrofitting, powering over 1.4 million homes with untapped clean energy at lower costs than traditional hydropower projects.
The UK government will provide £250 annual energy bill discounts to households within 500 meters of new power pylons, as part of extensive grid modernization infrastructure projects across the country.
Energy Vault’s gravity storage project in China demonstrates the technology can work at utility scale, but faces steep competition from conventional lithium-ion batteries on cost and efficiency metrics.
U.S. oil and gas rig counts increased this week to 591 total rigs, with crude oil production rising to nearly 14 million barrels per day, according to Baker Hughes data.
BP has secured a license to develop an offshore gasfield in Venezuela with partners linked to the Trump administration, marking one of the first major foreign investments in the country’s energy sector following recent political changes.
