California utility PG&E said it's it's in talks to sell a minority stake in its power generation unit to KKR.
Why it matters: PG&E, which serves millions of California residents and businesses, needs capital to help finance its grid upgrade and wildfire prevention work, as it seeks to prevent a repeat of the 2019 Camp Fire that caused deaths and sent the company into bankruptcy.
Copper prices have been on a tear, converging with a broad rally in commodities, and flirting with their highest levels since 2022.
Why it matters: Copper's versatility in construction, electronics, transportation and now AI applications makes it a go-to for industrial purposes, and as a useful gauge of economic health that's coined it the nickname "Dr. Copper."
Vaulted Deep, a startup that injects carbon-rich organic wastes deep underground, just landed a major deal with corporate giants looking to jumpstart CO2 removal markets.
Why it matters: The agreement with Frontier, whose members include Meta and Alphabet, signals confidence in the scalability of Vaulted's tech.
Investment giant Brookfield Asset Management will develop 10.5 gigawatts of renewable energy between 2026 and 2030 to serve Microsoft's power needs, the companies announced today.
Why it matters: The plan for projects in the U.S. and Europe is mammoth by corporate procurement standards.
And it comes amid concern that rising data center power thirst for generative AI and other uses will prolong fossil fuel reliance.
Stunning stat: The deal is roughly eight times bigger than the largest single corporate power purchase agreement in history, they said.
The big picture: It involves wind, solar, and "new or impactful carbon free energy generation technologies."
A new report released Tuesday by Senate and House Democrats alleges that large oil companies attempted to deceive the public about the effects of climate change for decades.
Why it matters: The documents backing the report are finally seeing the light of day after a three-year investigation, which was stuck in limbo after Republicans took back the House in 2022.
The White House today unveiled final rules to speed up permitting for infrastructure projects — including transmission and low-carbon energy.
Why it matters: Accelerating timelines that often drag on for years would help realize the goals of the Democrats' 2022 climate law and the bipartisan 2021 infrastructure deal.
Spire Global, a firm that utilizes data from its satellites and leverages artificial intelligence to generate weather forecasts, is turning to the financial sector for customers.
Driving the news: The firm on Monday announced a deal with an unnamed financial firm that it says is priced in the multimillion-dollar range. It signals how quickly new technology is reshaping a critical industry.
