Energy & Utilities

Five UW–Madison projects receive DOE funding

The projects advance commercial fusion energy and critical mineral extraction

Oil prices ease as U.S. and Iran halt strikes

Bombing halt cited in 5% drop in per barrel cost

Oil prices return to $100 per barrel

Increased fighting in the Iran war has spurred the price gain

Gas prices hit $4 per gallon

Before the war, the average price was around $2.98 a gallon

Realta gets up to $55M from Wisconsin for new HQ, R&D at Oscar Mayer site

The company secured major financial incentives to develop a facility that will house its next-generation fusion device at northeast Madison’s OM Station

Trump proposes 20% fee on cargo passing through Strait of Hormuz

According to a report, the fee would threaten the global oil surplus

Oil prices climbing after weekend of attacks in Middle East

During some points of the conflict, which began at the end of April, prices of oil per barrel have reached over $100

Loss of clean energy projects will cost U.S. nearly 470,000 jobs

Projects that were closed, cancelled or downsized would have generated over $90 billion in the U.S. GDP growth during construction

Wisconsin’s power demand could jump 40% by 2032 — data centers are the driver

A report estimates peak electricity demand in Wisconsin will grow from 14.2 gigawatts to more than 20 gigawatts by 2032

Iran oil sale authorizations revoked by U.S. after attacks on tankers

The U.S. and Iran had reached an interim ceasefire last month and have announced an end to the war more than once
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