Friday afternoon 🍨👇
About $50 billion in onshore wind investments and 150,000 jobs are at risk from the Trump administration's halt of approvals for new projects, according to a document prepared by @USCleanPower obtained by @business.
bloomberg.com/news/articles/…
The story of Fermi is in some ways the story of the AI moment: Co-founded by a former Texas governor and a brash entrepreneur, Fermi offered companies racing to build data centers the two things they crave most: open land and an astonishing amount of power.
Fermi’s stock, meanwhile, has tumbled 84% from its peak. The company’s more than 5,000-acre site in the Texas panhandle remains mostly unfinished. And some analysts see a cautionary tale of the market’s AI enthusiasm running ahead of reality.
Everyone seems to be talking about mahjong these days. From London to Mumbai, events are popping up everywhere.
And so I took a foray into the world of mahjong and discovered why everyone's hooked on this old tile game:
bloomberg.com/news/features/…
Fervo Energy might be the one clean tech startup having a good time in Trump's America.
The company's commercial geothermal pilot came online in 2023, just as ChatGPT became a household name and the AI race took off in earnest. And tax credits have remained intact.
“We’ve been incredibly lucky,” CEO
@TimMLatimer told me when I visited Fervo's Cape Station project in Utah. “It’s one thing to get lucky on timing, but it’s another to make sure you don’t ruin the opportunity.”
My story on one of the most closely-watched startups in clean energy and the challenges it faces as it scales up its ambitions (free gift link): bloomberg.com/news/features/…
From California to Texas, electric utilities are struggling to manage mounting fire risk in a warming climate. They are spending more than ever before on lawsuits and settlements, as well as on preventative measures, such as undergrounding lines. 1/5
The breadth of the company’s campaign underscores the massive threat wildfires have become for PacifiCorp and utilities across the American west. In fact, it's one of the thorniest issues facing Buffett’s successor Greg Abel as he begins his reign as Berkshire CEO. 4/5
This much is clear: As climate change has made wildfires more frequent and destructive, the issue of who pays for their costs has come to a head. My story with @a_rajbhandari on the all-out offensive to rewrite who pays for wildfires: bloomberg.com/news/features/… 5/5
Proud that our work on the Hidden Costs of AI received an honorable mention for the IRE Philip Meyer Award. This was a huge collaborative effort between Tech, Data and power reporters to uncover AI’s hidden impacts on communities. Congrats all! ❤️‍🔥
ire.org/2026/02/03/ire-annou…
California Governor Gavin Newsom joins Bloomberg Businessweek Editor Brad Stone for an exclusive interview in San Francisco.
Watch live at 2.15 ET: bit.ly/45FAish
It's been a year since the Los Angeles wildfires that caused as much as $131 billion in property and economic losses. As the costs of repairing that damage are coming into clearer focus, so are the battles over who is going to pay the bills. @johngitt explains bloom.bg/4jselCR