Blue Freeze | Exxon Mobil Pauses Major Clean Hydrogen Project
Exxon Mobil paused plans for a blue hydrogen project at its Baytown, Texas, complex, which would have been among the world’s largest, citing insufficient market demand.
Queued Up | Shifting Ground for Large Loads
Enverus Intelligence® Research (EIR) estimates an average load growth of about 12 GW in PJM by 2035, driven primarily by data center load expansion. PJM’s independent market monitor filed a complaint arguing the grid operator has clear authority to delay interconnection of large new data centers until sufficient generation and transmission are available. The filing […]
Building Steam | Blackstone’s $1.2B Gas Play
Blackstone announced last week it will invest about $1.2 billion to build the Wolf Summit Energy Project in West Virginia as forecast load growth in the region continues to drive demand for baseload generation. In contrast to earlier announcements of data centers partnering with generators, this plant will instead sell power to a utility: Old […]
Solar Eclipse | What Pine Gate’s Bankruptcy Says About Renewables
Utility-scale solar and storage developer Pine Gate Renewables filed for bankruptcy last week, underscoring the growing pressure on renewable developers. The announcement follows months of speculation around the financial health of independent developers navigating a rapidly changing policy landscape. Developers have faced mounting challenges this year after the One Big Beautiful Bill Act (OBBBA) slashed project economics across the wind and solar sectors. The […]
Fission Vision | Why Data Centers Are Going Nuclear
Our latest research shows interconnection queues across major independent system operators have swelled with speculative requests from landowners betting on the AI boom, driving up utility timelines and pushing developers away.
Gas Plus CCS Powering Data Centers | Google’s New Blueprint
Google’s agreement last week to buy power from a 400 MW natural gas plant with carbon capture isn’t just a one-off deal — it could be a model for powering the AI boom. As our latest CCUS Fundamentals finds, this approach offers the lowest-cost, reliable source of low-carbon energy, setting a cost benchmark for the […]
From Sun to Core | Renewables Peak, Nuclear Builds Steam
Enverus Intelligence® Research (EIR) just released its long-term capacity expansion forecast, projecting rapid growth in solar capacity from 2025-35 alongside a steady battery buildout to bolster grid reliability. That outlook is already materializing. Torch Clean Energy recently selected Fluence Energy to deliver a 640 MWh battery system at its Arizona solar plant, aligning with the […]
From Green Light to Red Line | DOE Cancels $8B in Clean Energy Awards
The U.S. Department of Energy canceled nearly $8 billion in clean energy awards, with 99% of the cuts falling on blue states. California lost $3.3 billion and Oregon $1.5 billion, wiping out major hydrogen, CCUS and grid projects. Hydrogen funding took the biggest hit at $2.95 billion, including the collapse of California’s ARCHES hub, the […]
Still Smoking | Coal’s Comeback in the Age of Clean Power
“Beautiful, clean coal will be essential to powering America’s reindustrialization and winning the AI race,” Energy Secretary Chris Wright said earlier this week. With power demand accelerating, largely driven by artificial intelligence, and coal still accounting for 15% of U.S. generation last year, historical retirement targets for conventional generators are becoming increasingly unrealistic. The administration […]
Gas Deals Heat Up | Elevated Multiples Fuel M&A Activity
M&A activity in the natural gas-fired power sector accelerated in 2025, fueled by the rapid growth of AI and data center demand. The PJM Interconnection region emerged as a prime target for investors, with strong plant economics and strategic proximity to hyperscale infrastructure. Blackstone recently announced the nearly $1 billion acquisition of the 620 MW […]