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The exponential growth of AI is fueling an unprecedented surge in natural gas power plant construction, threatening global clean energy targets and driving up electricity costs. In response, clean energy advocates are battling on multiple fronts, including state-level legislative mandates and a strategic pivot to influencing utility regulators to allow tech giants to build their own renewable energy infrastructure directly into the grid. This fight for grid access is seen as the decisive factor for future energy policy.
General Fusion, the 24-year-old British Columbia-based company, has completed its SPAC merger with Spring Valley Acquisition Corp. III, making it the first publicly traded fusion stock. Trading on Nasdaq under GFUZ is expected to begin Monday, marking a significant milestone in the quest for commercially viable fusion energy.
Trump's US energy dominance vision, despite record domestic production, failed to insulate consumers from global oil shocks caused by the Iran war, leading to significant price hikes. While natural gas shows more resilience, the overall approach ignores market realities and demand reduction.
