Extreme heat in France caused a transformer malfunction, cutting power to 100,000 people. This incident, alongside IT system failures in England, highlights how climate change-driven heatwaves strain electrical grids and critical infrastructure, reducing efficiency and posing risks.
Russian missile and drone attacks killed at least 11 civilians and injured 40 in Ukraine on Monday. The strikes hit the nation's energy grid during a severe heatwave, causing power outages in eight regions as demand for electricity surged due to high temperatures.
Basic, a Chinese SiC device manufacturer founded in 2016, prepares for its public debut, aligning with China's efforts to lead in SiC technology, despite current market oversupply, with anticipated demand growth driven by 800V architectures and data center adoption by 2027-2028.
Iran faces an estimated US$270 billion in damages, nearly equivalent to its losses in the 1980s Iran-Iraq war. With negotiators meeting and a ceasefire holding, the question is whether economic ruin can achieve what sanctions and military pressure could not, potentially impacting shipping.
New York's Attorney General, joined by five other states, is suing the Trump administration over a $1 billion deal with TotalEnergies to terminate an offshore wind project. The states argue the deal, which requires the French company to invest in fossil fuels instead, harms their economies and climate goals.
New York's Attorney General, joined by five other states, is suing the Trump administration over a $1 billion deal with TotalEnergies to terminate offshore wind leases. States argue the deal harms economies, climate goals, and union jobs.
Kevin O'Leary urges young professionals to save by cutting daily expenses like coffee and sandwiches, investing the money for long-term wealth. He also warns the US lacks the power infrastructure to sustain its AI boom, contrasting it with China's rapid energy expansion.
Cuba's national energy grid failed, causing widespread power outages in eastern provinces and ongoing blackouts in Havana, amid a prolonged economic crisis exacerbated by a U.S. energy blockade and reliance on limited Russian oil supplies.
