AGP Executive Report
Last update: 36 minutes agoStorage: Lydian Energy’s 150-MW, 600-MWh Faraday battery project is now operating in Utah, supplying storage under a long-term PacifiCorp agreement and supporting a nearby Meta data center. U.S. Permitting: The Senate advanced a bipartisan bill 73-25 to speed energy-project approvals; it would also require large data centers to cover more of the grid costs they create. Clean Power Links: Azerbaijan, Bulgaria, Georgia and Türkiye signed an agreement to expand cross-border electricity trade from clean sources and connect their power grids. Nuclear: U.S. regulators approved construction of four X-energy small modular reactors at a Dow site in Texas, a first for an advanced reactor project at a U.S. industrial facility. Energy Security: Russian strikes hit energy infrastructure in eight Ukrainian regions, while fuel-price shocks tied to disruption around the Strait of Hormuz pushed electricity futures higher in Japan and Europe. Electrification: IEA chief Fatih Birol urged governments to raise electricity’s share of final energy use to 35% by 2035, citing energy security and market volatility.
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