Airstrikes, Artillery Fire Launched Against Southern Lebanon as Israeli Attacks Continue

Blue Energy & GE Vernova Bet On Gas Bridge-To-Nuclear For AI Power Blue Energy announced a collaboration with GE Vernova to develop the world's first gas-plus-nuclear power plant in Texas. The project will use two GE Vernova gas turbines to deliver roughly 1 GW starting around 2030. Steam supply will later shift to GE Vernova Hitachi BWRX-300 small modular reactors for up to 1.5 GW of nuclear capacity by 2032.  Work at the Texas site could begin as early as this year, with a final investment decision expected in 2027. The plan is...

Power Transformer Lead Times Hit Record Highs As US Grid Equipment Shortage Deepens By West Garrett of Industrial Sage Summary: Power transformer lead times now average 128 weeks — nearly 2.5 years — with generator step-up transformers averaging 144 weeks Prices for power transformers have risen 77% since 2019, driven by surging demand and constrained raw material supply Cleveland-Cliffs is the only domestic producer of grain-oriented electrical steel, the specialized material transformers require Demand for generator step-up transformers has grown 274% since 2019, outpacing any increase in manufacturing capacity For industrial developers, equipment availability has replaced...

'Non-Market': The One Word That Blew Up The G20 Communiqué On Tuesday we reported that China had derailed the G20's joint communiqué in Asheville, with a senior US official telling the FT the impasse "came down to a few words." It turns out one word did most of the damage. According to Bloomberg - operating out of Hong Kong because they were banned from the event by Treasury - the decisive sticking point was the term "non-market" in a sentence on trade imbalances. Chinese officials read it as a coded attack...