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Recognizing their desirable attributes and long-term potential to meet data center demands for power, several technology companies have announced their intention to team up with nuclear developers. At the same time, three companies with shuttered nuclear plants have notified the U.S. Nuclear Regulatory Commission of their plans to restart those facilities, which were closed for economic reasons.
The increasing reliance on battery-powered devices plays a substantial role in the unfolding environmental crisis. With industries and consumers dependent on single-use and rechargeable batteries, the global waste problem continues to escalate. Lithium-ion batteries, while effective, contribute significantly to environmental degradation due to resource extraction, manufacturing emissions, and disposal challenges. Radio frequency (RF)-based wireless power technology is emerging as a viable alternative.
German multinational chemical company BASF has commissioned that country's largest proton exchange membrane (PEM) electrolyzer. The company said the 54-MW facility will have an annual capacity of as much as 8,000 metric tons of hydrogen.
The Trump administration has released a second loan disbursement of $56.8 million to Holtec International as part of an up to $1.52 billion loan guarantee for the restart of the 800-MW Palisades Nuclear Plant in Michigan. The funding, a key step in reviving the shuttered facility, reinforces a loan guarantee initially issued under the Biden administration and marks the first publicly announced loan guarantee action under the Trump administration.
LS Power, a development, investment, and operating company focused on the North American power and energy infrastructure sector, on March 14 announced it has applied to build about 700 MW of new generation supply as part of PJM's Reliability Resource Initiative (RRI), which is designed to expedite connecting shovel-ready, high-reliability projects to the grid.