/ Energy News

The government says the new Canada Strong Fund will work in partnership with private industry to serve as an investment vehicle for the major national projects this government has expressed interest in.

Carney described the sovereign wealth fund as a "national savings and investment account" that will help grow wealth for future generations of Canadians.

Meta Platforms has signed an agreement with Overview Energy to secure power from the startup's space-based solar energy infrastructure ​for the Facebook parent's data centers by the end ‌of the decade.

Initial orbital demonstration ​of the system is expected in 2028, with commercial ⁠power delivery in 2030, the companies said.

Two offshore wind developers will give up federal leases and instead commit funds to fossil fuel projects under agreements with the Trump administration, the Interior Department said Monday.

Bluepoint Wind, which is partially owned by investment firm BlackRock, Inc., and Golden State Wind will relinquish their leases and be reimbursed for costs, according to the department.

After months of negotiations, Big Red has finally pinned the necessary debt and equity to move ahead with the development.

To fund the project, Bank of America sold $14 billion in bonds tied to the project in a debt sale, of which Pimco acquired $10 billion, according to Bloomberg, while the rest was covered by other investors.

Shell is acquiring ARC Resources Ltd. in a US$16.4-billion deal, boosting its holdings in a basin that supplies gas to LNG Canada as the British company mulls an expansion of a liquefied natural gas export terminal it partially owns in Kitimat, B.C.

The deal, announced Monday, will increase Shell’s production by roughly 370,000 barrels a day.

Projects led by TerraPower and Kairos Power have officially broken ground in Wyoming and Tennessee, respectively, signalling renewed momentum in nuclear energy development.

TerraPower (backed by Bill Gates) has initiated work on a next-generation reactor that uses liquid sodium as a coolant and Kairos Power is building a smaller demonstration plant designed to supply electricity to Google, reflecting growing collaboration between tech giants and clean energy firms.

The Democratic governor of ​Maine, Janet Mills, on Friday vetoed a bill that would have made it the first U.S. state to impose a moratorium on large new data ‌centers, even as local opposition to the electricity-hungry facilities grows.

The decision reflects the difficult trade-off facing political leaders, who must weigh the impact of data centers, opens new tab on the environment and household energy bills against the millions of dollars in investment and tax revenue they can bring.

Enbridge Inc. is embarking on a $4-billion expansion of its pipeline system for transporting natural gas in British Columbia after receiving approval from the federal government.

The Sunrise expansion project will increase capacity by 17 per cent at Enbridge’s T-South system, focusing on southern B.C. but also bolstering the U.S. Pacific Northwest.

Houston-area electric utility CenterPoint Energy has a line of sight to 12.2 GW of “firmly committed” new load and expects the increased utilization of its system to reduce costs for residential and commercial customers, officials said Thursday in a first quarter earnings presentation.

In total, it expects 8 GW of data center load to be energized by 2029, with another 4.2 GW to follow.

GE Vernovareported strong order growth across all three of its business segments in the first quarter of 2026, including in a wind segment hit by what it called weak developer demand and unfavorable U.S. tax and tariff policies.

GE Vernova’s gas turbine backlog reached 100 GW in the first quarter, up sharply from 83 GW at the end of 2025.

French utility Engie is in talks with the Trump administration about ​a possible refund for its offshore wind ‌project leases amid the president's opposition to the technology, CEO Catherine MacGregor said on Tuesday.

Any deal would ​follow French oil major TotalEnergies redirecting nearly $1 ​billion (850 million euros) from offshore wind leases ⁠to U.S. oil and natural gas production.

Construction of what could be the world's first commercial plant to generate power with fusion, the ‌process that powers the stars, is set to start in the U.S. in 2027, and the search for more sites is under way, the head of Commonwealth Fusion Systems said in a Reuters NEXT Newsmaker interview on Tuesday.

Commonwealth, based in Massachusetts, has raised about $3 billion in private money, more ​than any other firm looking to build fusion plants and start generating power in the early 2030s.

President Donald Trump invoked the Cold War-era DefenseProduction Act on Monday to shore up federal funding for a host of energy projects — involving oil, gas, coal and the grid — as the White House moved to buffer climbing electricity and fuel costs.

The president signed a series of determinations under Section 3 of the 1950 law, which gives presidents sweeping emergency authorities to control domestic sectors.

Energy Secretary Ed Miliband and Chancellor of the Exchequer Rachel Reeves announced a series of steps to delink power and gas prices Tuesday. That includes offering older wind and solar farms to sell power at fixed prices, while increasing taxes on those who choose not to.

President Donald Trump invoked the DefenseProduction Act to provide federal funds for a wide range of energy projects, as his administration faces pressure to help curb rising oil, gasoline and electricity costs.

Trump on Monday signed five presidential determinations under the law, targeting domestic coal power, liquefied natural gas, domestic petroleum and power-grid infrastructure — areas where he said insufficiencies threaten national defense.