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Industry

Trump energy policy backlash raises dual burden of electricity and gasoline costs

An analysis said U.S. electricity rates and gasoline prices have risen since the start of the Donald Trump administration, while a fossil fuel-focused energy policy could increase the country’s long-term burden. The Natural Resources Defense Council said the policy is raising power costs and fuel consumption and discouraging clean energy investment. It cited higher household electricity bills, surging gasoline prices, and risks of lost investment, jobs and higher social costs from air pollution.

Industry

Google secures 20-year nuclear power supply, adds 890 MW to meet data centre demand

Google will secure an additional 890 megawatts of generation capacity from existing U.S. nuclear power plants to meet rising electricity demand from AI data centres. Google and Constellation Energy signed a 20-year power purchase agreement to supply 890 MW to the PJM grid by upgrading equipment at six nuclear plants across Illinois, Pennsylvania and New Jersey. Constellation plans to invest at least $4.3 billion, with initial supply in 2028.

Crypto

U.S. crypto industry shifts strategy after Clarity Act fails, targets Senate elections

The U.S. cryptocurrency industry is shifting its focus from persuading lawmakers to intervening in elections after Senate legislation stalled. Coinbase-founded advocacy group Stand With Crypto released its first list of endorsed Senate candidates, backing Republicans in Ohio and Iowa and Democrats in New Hampshire. It said endorsements are based on candidates’ crypto policies, not party. Fairshake PAC launched a $30 million campaign targeting Sherrod Brown as overall crypto political spending nears $200 million.