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Date: Tue, 17 Feb 2026 08:03:19 -0500
From: Heatmap AM <editors@heatmap.news>
Reply-To: editors@heatmap.news
To: alvarochf@traceseis.com
Message-ID: <1771333384307.a1c1c71c-5137-469d-9a98-f2a0ef57b7ae@bf56x.hubspotemail.net>
Subject: New York Quits
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On microreactor milestones, the Colorado River, and =E2=80=98crazy=E2=80=99=
 Europe=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=
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=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
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=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=
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=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD

heatmapAM_logo_fullcolor_whitebg (https://d2QWfV04.na1.hubspotlinks.com/Ctc=
/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH3pyd0W6N1vHY6l=
Z3k_W80VlNH8-_rHPW6Rnnnn3WrBB8W4NsJrW8txr2rW3m1CDX3mR0BkW5-Wnwc2ZQ_CFW2SdLv=
74ktqVWW5MnHxs4QrMvqW2cnTCL7xd_6PVNSMLz2Zm9WHW41W_lk11ZDGrW2H5HcT6gycjQVxGr=
Gr4Ff55zN6Y2RgX3y1N6W2qXywF8t8CjlW4Hh7jf2ggdWdW8-rWT56w5_TrN7yBfQQ94YYfN1-y=
MVkvQlcwN9dHMRWPGMxNW2bg50R6FN78BW9b4ZBs8WyTTzW209cwP30nzY0f2FJmbC04 )

ALEXANDER C. KAUFMAN =E2=80=A2 FEBRUARY 17, 2026

Current conditions: A train of three storms is set to pummel Southern Calif=
ornia with flooding rain and up to 9 inches mountain snow =E2=80=A2 Cyclone=
 Gezani just killed at least four people in Mozambique after leaving close =
to 60 dead in Madagascar =E2=80=A2 Temperatures in the southern Indian stat=
e of Kerala are on track to eclipse 100 degrees Fahrenheit.

THE TOP FIVE

1. New York abandons its fifth offshore wind solicitation

What a difference two years makes. In April 2024, New York announced plans =
(https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6=
z65Vy1HZW6mk3Cf5KF2_lN4bXfKT3pyd0W95jsWP6lZ3m1W1DnL2l24TdC1W2VkqCM3CrvxKW5C=
X5Dr5LDzGmW8SDRQy6FFstHW5TdC7y2Lz6dQW34JLdZ7Yf11VW5-BSmz48rshhW62J1zG8RfKdr=
VhsJsn2Z6F60N8-lRYp84ngvW6qyDNt7bCvl6N871XbBdyHgFW8msMHt4jTZ4LVj6N7d1J1STQW=
5DPzBZ5wgrDrW1rSmRm31qsCLN3w9WpfQ_JjCMDmXGdcVjdQW1Yh35r5TZ2ZdW5p1k1J8V5T1bW=
38N4QJ34rFcRW85n_R76xPdBkW36Tdrj56_129W8qKfPs6rVhvXW6Y8nln74nY8JW8YfHH71cbd=
hqW1JMfW332mzrvW3TK_q-6BQkfcW80WsPP2HB2FzW1-Xk3J37w8tpf6K9k4d04 ) to open a=
 fifth offshore wind solicitation, this time with a faster timeline and $20=
0 million from the state to support the establishment of a turbine supply c=
hain. Seven months later, at least four developers, including Germany=E2=80=
=99s RWE and the Danish wind giant Orsted, submitted bids (https://d2QWfV04=
.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5K=
F2_lN4bXfJn5n4LbW69t95C6lZ3kWW5KftB39lP1gQW2KtY4K8xglKkVDCngk6VPTbYW3G-NDD1=
f_FczW6jgbft4FdhdfW36cCHT1vn4mWW1cZnGR5Y8ZbnW1vfJ7m3cZvSyW45Kwwh95b3SLN2Mpr=
17ksc6-W81SMsC33vKFFW6RMG-L7-TLzmW4K34Cs4Hzm5ZW8CZpXD5kQTrnW6QplmZ8GyzZZW7J=
_FpY698FyNW5Nl9RW6KGmzLVGj7Z05tlZ15V45HHs2ytRC6W2cmRHZ4G8KSrW6TCJ544D8YnJW7=
n9pDz7zbxdzW8qg51L2TnK-rW7WPrbd9f_kdCW25ZFzV25r3lnW5bBbcT72dBx3W7cJZXM1xP8Y=
HW73PTbL4-kFqHW5BSzS-1mlW7cW5w-2JQ8r0W0MVNMVb04pF4qdW8BMBNV1kp4vQW3cxM0L1pw=
K4mVdJ0pL696BW6W773fF_5L_yZ_W24qHny7fH8rff5vK8NP04 ) . But as the Trump adm=
inistration launched a war against (https://d2QWfV04.na1.hubspotlinks.com/C=
tc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKg3pyd0W7Y8-PT=
6lZ3ldW98c_v54zvLfwW3cN-4Z7FVBQ6W5yn8hb25D2vrW7CY8RF7vgFTbW1dVmc35QsR6BW7Rk=
Xz24xbds6W92l9Kr6DMz9zW7LFLMq5j9d4FVBnzfL960v6bW5Kvbmm2HFBg7W2c95_L91hRm_W8=
B98CD94lb6yW1BFBXB4lGQXzW256tqR7VgS4KW50Mf732VdZp2W37r8Mn2zmlD_W7bDQzv3S5Yp=
XW5gdYKy1tk1ldVDtG3B2xcJYpW8XLGXC7Njy1KW3Cfs0R7QFsDZW2m6Jc32PQXkyW5SqBxm1Jz=
2HxW5RT-lQ5nyMLHW51TGdT1mTdsyW54Rmd61Rr7bcf1K_WGK04 ) offshore wind, develo=
pers withdrew their bids. On Friday, Albany formally canceled the auction. =
In a statement, the state government said the reversal was due to =E2=80=9C=
federal actions disrupting the offshore wind market and instilling signific=
ant uncertainty into offshore wind project development.=E2=80=9D That doesn=
=E2=80=99t mean offshore wind is kaput. As I wrote last week (https://d2QWf=
V04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3C=
f5KF2_lN4bXfKg3pyd0W7Y8-PT6lZ3q6W4nXbKb5fwDRLW3JLLBt6hCFn0W1TMqTY7dlvDGW4XD=
tg58BsPmjVTTsqw1CD23SW3RW6Qy2_bzb1W5x07nb4h1lqVW1yBGkX6fZtbgW5L-cs21wjp0SW8=
fwqvY8RLvcVW894k7G42PVmFN5nvDtc3RbWxN4PBMjRC4HVJW5crG9c6w2YyJVjrSR27zgdkFW7=
pV9ww7ql-jhN8rTjq3GvXLwW8JFxQj6Lxth-W8HdlfP1k7rdkW8yt9-V45-nbsW52F9qk3QDMgH=
W63_2QW9f5mH7W3RZK3t2RNPS6W3ryzb78qGkNzW5J702k56Ns-tW8zHJGm20VCMNf9dHYPx04 =
) , Orsted=E2=80=99s projects are back on track after its most recent court=
 victory against the White House=E2=80=99s stop-work orders. Equinor's Empi=
re Wind, as Heatmap=E2=80=99s Jael Holzman wrote last month, is cruising to=
 completion (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrw=
t11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKg3pyd0W7Y8-PT6lZ3nLW1v8jtP4X5CRCW7sb=
h9f43PcJZN348b_GTjwwfW2V1kM95tpcKwN6ZXpsYbdgXwW43rzbX6VTzFqVvTCfp7hG_zmVkKd=
C16RJdkRW1yMN5q8TMGdbW1fhV3p8g7CgfW5B4w-96MF-cBW1s4zm75g1J6pMX3QKKbZlPBW2TW=
3Rt9b0ql2N1LQpqzz9sr6W2BKksX5kXlcXN2z31FQ-bVXnW5cCkC25x2y0PW7syhct1YsVhbW4g=
tFgL3ScsHVW5HH08m6LW0P5W3vZSFk4QQBC8W4n1_k-89mNt3W2Zcn2G2YnqDMW5GFH2b8FlVL_=
VPjF6J3Hv8GLf3hnhhb04 ) . If numbers developers shared with Canary Media (h=
ttps://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z6=
5Vy1HZW6mk3Cf5KF2_lN4bXfKT3pyd0W95jsWP6lZ3mYW3rd_mS2M3N__N44dSXdLdVRNVGnPGP=
1YwsNfW93b64T8YWsS4W8CXX968xkCRNW97_0qX2Nf07CW7xw_B96ZDwZtW8xZjyn1LNMjwW1yy=
l025F6LYjW8TPRc08417vBW5JDKjl1rpSfmN3_MnPV6mk5_W17RYXW8VXKl9N1wHXgJnlVTcW5z=
hhS98LN3xgW4L----7NdknmW2R5Dvr8qRkHwVc8dyy8HX6fQVbmXt58dnZTNV7Rcp73hl7rHW96=
bJDX5RGYWzW95hkjL7kkN5_W5shF2g2LMydjVk0rhv6M6T29W3mKYc84tt9rdW2620qz21WgVLW=
5xKrvD59b_HjW4WnwrH1G3V7wW8f48G85Zct5kW6SHc2h3ZHm49f4KwCDF04 ) are to be be=
lieved, the few offshore wind turbines already spinning on the East Coast a=
ctually churned out power more than half the time during the recent cold sn=
ap, reaching capacity factors typically associated with natural gas plants.=
 That would be a big success. But that success may need the political winds=
 to shift before it can be translated into more projects.

2. U.S. natural gas production set to hit new highs in 2026 and 2027

Appalachia, the Permian, and the Haynesville regions are leading the way fo=
r increased gas output. Photo: EIA

President Donald Trump=E2=80=99s =E2=80=9Cdrill, baby, drill=E2=80=9D isn=
=E2=80=99t moving American oil extractors, whose output is set to contract =
(https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6=
z65Vy1HZW6mk3Cf5KF2_lN4bXfKg3pyd0W7Y8-PT6lZ3pTW4VCnHh33qXYYW2vhzqm7SjsZyW3X=
-Nzk6rg4gZW8wVyGL8WJYTMW3LjpFV51hDlWW12R8Sh2b10NSW4n6L0y68MQqnVcQq3H6SQdsVW=
1lhSkK6p1d61W69Cw9r8lgK-KVhKLGw2Tdh8wW4MJY2y8tFktbN8spjLSBrXgQVHjFz78k4VXsV=
QXYZV4qtx75VB1L_B21CVlDW8l3FtY5xh5G3W5v5XG45M6QZCN16g41ghW_J9N4vJMGmyF7ZRN6=
CfV9tfZT1KW43xl9L4BDjxkN8kwVNFbxhZWN4fz3gY1-3QyW6lrfyR8SWds6W2vXx3F95qK19f2=
B297F04 ) this year amid a global glut keeping prices low. But production o=
f natural gas is set to hit a record high in 2026, and continue upward next=
 year. The Energy Information Administration=E2=80=99s latest short-term en=
ergy outlook (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCr=
wt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKg3pyd0W7Y8-PT6lZ3q1W2RJrcw8pmRRwW4t=
yDCP5X1gg9W1Ft-gT8_FClFW76Jdhj5zHqqwW5BRblj2-hGBDW8WHKqZ2r4b2kW75gHBP5CGq61=
W2XnR644y8F7JW3y0lVK5cFwGFW34j8Jp51wybDW63sD36571tbLN1X8HWXtDRTCW59rvfb4p4c=
lhVzvtbg425hTtN6xMrgQJWX88W3Pxj5s5SVG30VpkK087vy3bSW1WrMg61hsrZmW5CQC4g4nwW=
S3W1rlD_y8GFq8FW1FZCy-6_QDtyW3KL2z17b803WW4F2zKl4qTgqJW5KtWJd5f4ZMMW5q3_g38=
39P00W3x50HW3DqFYjf2Rrc4-04 ) expects natural gas production to surge 2% th=
is year to 120.8 billion cubic feet per day, from 118 billion in 2025 =E2=
=80=94 then surge again next year to 122.3 billion cubic feet. Roughly 69% =
of the increased output is set to come from Appalachia, Louisiana=E2=80=99s=
 Haynesville area, and the Texas Permian regions. Still, a lot of that gas =
is flowing to liquified natural gas exports, which Heatmap=E2=80=99s Matthe=
w Zeitlin explained (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV=
04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKg3pyd0W7Y8-PT6lZ3k_W5JhhfF3N=
vtx5W40gv4v7Z2JtGW1GpZ6775D7YdW3-qp--8mg8q5W6g70Sv91Jfs4W2PwddN87Y8H5W5z0_D=
h42RXD3Vnc2kC3D_xjVW6n3-Dl8W15jcW4jGSPs1dbJf7W2YPrh914N238W2YLwJH4HlyLJVnW5=
426ryBXKW8R1KlV2K2SQHW7zn6M78QW1KgN6knnb6LBFDHW5ZKpyJ54zCTpW9f8B2v3v3lf7N2q=
LNW5Cxq-FW3BBFw15vbjXjW4dFqly2hnmwLW6wK_9M8WcXfYW3sx4dW6B-0ZVW769TR7998NhKW=
8Dpwp98VKH09VbjYPL98wV7Rf5M3dYx04 ) could raise prices.

3. Two microreactor startups hit major milestones

The U.S. nuclear industry has yet to prove that microreactors can pencil ou=
t without the economies of scale that a big traditional reactor achieves. B=
ut two of the leading contenders in the race to commercialize the technolog=
y just crossed major milestones. On Friday, Amazon-backed X-energy received=
 a license (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt=
11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfHP5n4LbW50kH_H6lZ3n6VLbcP13dVndMW3Wfdc=
66Kt5KpW7-8-CC3Qq0mkW3cvgFF8j9R3hW1qmNWy5pRXZMW9jg5X85MpRwKV4ky9v6GgjxfV_k4=
Lk84BKkRW50RQzL7P0_f_W6cZzK74r5MvDN5n58nBf5zBhW6Pjqcq3QvFVwN33YLGK1l9kWW2Yj=
S_L3F7bKnW9bdpkB77YzfJW8nPKM620_nY2N7qGfP7762g7N85ypC5lzS_pW7gDPCd68BY32W99=
VXXc5PN3hSW1Mxj2L4-XML0W3N-D1G1BY1PnW2sqCl94mpd6dVf0F-92PlGxmW8Mb8Cs73lY46W=
8qBKj-52gh97W1Jk2yj94Zr6xW1pdb345Kg_mdN6k40M5ChfQSW27-hCb5HrBfQW36gyF06q1yc=
5W7PBV9w5YvYDPf4bfbHM04 ) from the Nuclear Regulatory Commission to begin c=
ommercial production of reactor fuel high-assay low-enriched uranium, the r=
are but potent material that=E2=80=99s enriched up to four times higher tha=
n traditional reactor fuel. Due to its higher enrichment levels, HALEU, pro=
nounced HAY-loo, requires facilities rated to the NRC=E2=80=99s Category II=
 levels. While the U.S. has Category I facilities that handle low-enriched =
uranium and Category III facilities that manage the high-grade stuff made f=
or the military, the country has not had a Category II site in operation. O=
nce completed, the X-energy facility will be the first, in addition to bein=
g the first new commercial fuel producer licensed by the NRC in more than h=
alf a century.

On Sunday, the U.S. government airlifted (https://d2QWfV04.na1.hubspotlinks=
.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJn5n4LbW=
69t95C6lZ3nnW2WNM_244KmqZW1yXL41665pZ9W4WW-S93r8vpWW3Xc5HM6T1WNDW9dHvP-8klF=
hYW5D9LMW1CFM8xW1kQhSQ1DVj0qW1HS2W73Ftg9qW5NfhrH4fsj5xW27vtlx8lPwktW1Pc_Kn4=
6YrjwW43V5B37Bf9TbW3gZtl92X5_80W17pm071p5lQjW99X1jV1sL4ZqW4-2Gk44F5KCzVw209=
X1WKPT_MCCX6T1dJc3W2zxR9S69YtGdW6wx8bP3jrnvQW75n9H38D1nH2W2_1qKb3S2kw5W5YJj=
yD2zLf1jVrswn67h1NhtW1xkt5C5Vn_kLW3YJz1W5Jg89RW72L5Zn5SgPgdN16rbCtgjVQ-W5St=
ZZG1p4-DHW3q9gtS4TKS6WW49dnTx7gm_lcVZC3h73-1kkgW7Q5TBw91Dq1gW68RZl71-bpljW3=
Y0-lK78qVZzW8cfPYd58sQqZf3-71dd04 ) a reactor for the first time. The Depar=
tment of Defense transported one of Valar Atomics=E2=80=99 5-megawatt micro=
reactors via a C-17 from March Air Reserve Base in California to Hill Air F=
orce Base in Utah. From there, the California-based startup=E2=80=99s react=
or will go to the Utah Rafael Energy Lab in Orangeville, Utah, for testing.=
 In a series of posts on X (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113=
/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKg3pyd0W7Y8-PT6lZ3mfW7=
0pf8K3lTrL3VLxvMr7Qzw_QW46cQSC6R-DHxW2970zD2v5WcBW8ghSz88Bp5l4W46flyB36sxhr=
W4tZj7M1Qkvt4W3qdGQs1x4GWTW1w6vYm7dNzdKN7DZt93htT8hW7j1bK27Fr5DYVdT1fF4Xlv3=
SW72lVMc7sNZ4mW6M7_Qh8zWw26W4Jnt9y2T0q0SW2xPlgd3VZpmDW3S7V5c5M9KF-W5NC0yW5d=
LmzwW5vpmQG8V7bJNW1nypwq9bdDvrW3WChBp6lJHNWW1dzwSN4kwDphW9jcrK84PDyNRW2F7Nx=
M94BT_yVGM8sQ8Jm3f6W5PLTSR22vJxlf7fKQKW04 ) , Isaiah Taylor, Valar=E2=80=99=
s founder, called the event =E2=80=9Ca groundbreaking unlock for the Americ=
an warfighters.=E2=80=9D His company=E2=80=99s reactor, he said, =E2=80=9Cc=
an power 5,000 homes or sustain a brigade-scale=E2=80=9D forward operating =
base.

A MESSAGE FROM HEATMAP PRO (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113=
/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH3pyd0W6N1vHY6lZ3mtW6=
LlzL38m0gLSW8jHLrL6TjdJ3W51bjvs2Fc1hzW7t_lkv2MVngFW3VY48M6kKXKxMzQhjk8dlTSW=
8bv0fr2SKp8wW2n3-w03cY1GTW6zljmN3jvF43W8nvwDh11TThrW4SPT7b3ZKGDgVf8XGB7VHx9=
mW3bxbNs14wZ-DN4V3rpBCcqWNW5rWT639m5zF0W1kGSWx95_t0LW55xk4d7_QKVxW5nnlpn71b=
Kz9W6ljdrv9ggDJYW60Xbpr4l-LV1W2NwX5r39yCSJW49Kk4R2h0lr8f33_1nx04 )

AM - Protest 600 200 copy (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/=
d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH3pyd0W6N1vHY6lZ3mtW6L=
lzL38m0gLSW8jHLrL6TjdJ3W51bjvs2Fc1hzW7t_lkv2MVngFW3VY48M6kKXKxMzQhjk8dlTSW8=
bv0fr2SKp8wW2n3-w03cY1GTW6zljmN3jvF43W8nvwDh11TThrW4SPT7b3ZKGDgVf8XGB7VHx9m=
W3bxbNs14wZ-DN4V3rpBCcqWNW5rWT639m5zF0W1kGSWx95_t0LW55xk4d7_QKVxW5nnlpn71bK=
z9W6ljdrv9ggDJYW60Xbpr4l-LV1W2NwX5r39yCSJW49Kk4R2h0lr8f33_1nx04 )

Want to Get Your Project Approved? (https://d2QWfV04.na1.hubspotlinks.com/C=
tc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH3pyd0W6N1vHY=
6lZ3mtW6LlzL38m0gLSW8jHLrL6TjdJ3W51bjvs2Fc1hzW7t_lkv2MVngFW3VY48M6kKXKxMzQh=
jk8dlTSW8bv0fr2SKp8wW2n3-w03cY1GTW6zljmN3jvF43W8nvwDh11TThrW4SPT7b3ZKGDgVf8=
XGB7VHx9mW3bxbNs14wZ-DN4V3rpBCcqWNW5rWT639m5zF0W1kGSWx95_t0LW55xk4d7_QKVxW5=
nnlpn71bKz9W6ljdrv9ggDJYW60Xbpr4l-LV1W2NwX5r39yCSJW49Kk4R2h0lr8f33_1nx04 )

Siting battles for data centers and renewable energy projects are not rando=
m. Using county- and zip-code-level risk factors, Heatmap Pro=C2=AE identif=
ies the early warning signals that consistently predict where and why oppos=
ition will emerge. Learn more. (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X=
+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH3pyd0W6N1vHY6lZ3=
mtW6LlzL38m0gLSW8jHLrL6TjdJ3W51bjvs2Fc1hzW7t_lkv2MVngFW3VY48M6kKXKxMzQhjk8d=
lTSW8bv0fr2SKp8wW2n3-w03cY1GTW6zljmN3jvF43W8nvwDh11TThrW4SPT7b3ZKGDgVf8XGB7=
VHx9mW3bxbNs14wZ-DN4V3rpBCcqWNW5rWT639m5zF0W1kGSWx95_t0LW55xk4d7_QKVxW5nnlp=
n71bKz9W6ljdrv9ggDJYW60Xbpr4l-LV1W2NwX5r39yCSJW49Kk4R2h0lr8f33_1nx04 )

4. Colorado River negotiations end without a plan for shoring up water supp=
ly

After years of attempting to sort out new allocations from the dwindling Co=
lorado River, negotiators from states and the federal government disbanded =
Friday without a plan for supplying the 40 million people who depend on its=
 waters. Upper-basin states Colorado, Utah, Wyoming, and New Mexico have so=
 far resisted cutting water usage when lower-basin states California, Arizo=
na, and Nevada are, as The Guardian (https://d2QWfV04.na1.hubspotlinks.com/=
Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKz3pyd0W8wLKS=
R6lZ3n2W5lxXVc5Sv2RTVMLDYH7-DC6MW5gNkPR99BXN7W87y1G86kr7ctW1PYl8g8kxgRpW1f2=
x1q7nWD4FW7gt5R18kGSs4N1FfbWTpVBbSW4WrCPv44dmNxW9lVn3d65V_J2VcL_007Dr2_NW6_=
Pw-n3qj4wnW2_SbK17yVz-2W7m3lKY4jsmKNW2JlGcR8NjFWpW3CmsHz2Lpc8FW7s_tzm7C4Hjl=
W6yFdgF3XtWBZVKbLdZ8SzPgsW4Q6Nk76NwJLWW6hTHFt38Nlx1W5DvBm_5Nb8TxW1cN2J39lVr=
fMW7Sg86B5Tj-ctW6L0qF83WmvctV57hQn8fCyTRW1073z24zzgpsW19V_9_56qhcQdcm2HM04 =
) put it, =E2=80=9Cresponsible for creating the deficit=E2=80=9D between su=
pply and demand. But the lower-basin states said they had already agreed to=
 substantial cuts and wanted the northern states to share in the burden. Th=
e disagreement has created an impasse for months; negotiators blew through =
deadlines in November and January to come up with a solution. Calling for =
=E2=80=9Cunprecedented cuts=E2=80=9D that he himself described as =E2=80=9C=
unbelievably harsh,=E2=80=9D Brad Udall, senior water and climate research =
scientist at Colorado State University=E2=80=99s Colorado Water Center, sai=
d: =E2=80=9CMother Nature is not going to bail us out.=E2=80=9D

In a statement Friday, Secretary of the Interior Doug Burgum described =E2=
=80=9Cnegotiations efforts=E2=80=9D as =E2=80=9Cproductive=E2=80=9D and sai=
d his agency would step in to provide guidelines to the states by October.

5. France laments Europe=E2=80=99s =E2=80=98crazy=E2=80=99 hydrogen regulat=
ions

Europe=E2=80=99s =E2=80=9Cregulatory rigidity risks undermining the momentu=
m of the hydrogen economy. That, at least, is the assessment of French Pres=
ident Emmanuel Macron, whose government has pumped tens of billions of euro=
s into the clean-burning fuel and promoted the concept of =E2=80=9Cpink hyd=
rogen=E2=80=9D made with nuclear electricity as the solution that will make=
 energy technology take off. Speaking at what Hydrogen Insight (https://d2Q=
WfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk=
3Cf5KF2_lN4bXfJH5n4LbW6N1X8z6lZ3mgW53Ng086nvNcgW3qgjGP8h6WTNW5c8nvR8DsLsvW7=
H_Nv069CJBWVCY2Zt7vt-BtW179Dc-1WnDD8N6D296jmQv0yW8ZwZcj54k-x6W7mDm6x64JNyWW=
8RZc2j97rN7RW5tlBqy4ZR-nyW5NHP1k5Lr-xmW2kKk1b3WxP7gW4dJkH34y_9R9W3sgZCq368n=
NFV_gwbB5DL9z5W67NqHb2pNGQ4W5RBMSH1QkRT3W7XR8wT49XXPvW3Bcbs537Y2RkW8S1dff5x=
bsmfN5wPDr_SQkcQN8BGfs3WxJDxW6_Yy4Z8LjVd7W7fGlnh666cp2Vx9w_l4pRJwDW1T3vww1V=
0lpZW2ymWSr1ysgJYW4K59Cd1KpJdBW17TLL-2typxSW115h7D8423ltN737nxfDQ-dCW6Sy7Mk=
8pRmxFW5_VXDz1QqmMMW7THPSB6GMTzXW8n-lFY3VQ2mKW1y0bTr6lHnw_W8vh6DG2n54zNf6_d=
6JP04 ) called =E2=80=9Ca high-level gathering of CEOs and European politic=
al leaders,=E2=80=9D Macron, who is term-limited in next year=E2=80=99s pre=
sidential election, said European rules are =E2=80=9Ca crazy thing.=E2=80=
=9D Green hydrogen, the version of the fuel made with renewable electricity=
, remains dogged by high prices that the chief executive of the Spanish oil=
 company Repsol said recently (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+=
113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJn5n4LbW69t95C6lZ3l=
BW1psdrW7qj7dMW30s1Qy1JHb2CW4zvGZf9jcxv_W4x4Dg-7wT6ZkW7Ll6nf7jFk5mW5vV2MK73=
rWRlW2zxBJx43vSJ2W5yQL6j5CMxXYN7rrcBv8wnw7W5fZ9Ln21n0khW19lrw07NgLp3W5PnSW3=
6ncD90W5V3Tg41QbbsrW11SBMJ7Nh0H6W5QJ9638YcdlwW7Rr5fV6gVqcRVLkJv32nK4vKW250P=
VX2nqFHPW7jr1MB8jgXgnVtTdV920bKNDN5vNZNy4WpS-W4KZ8x71PG0mdW4B2y0G8VgRmCW3v0=
FWq49QBf3W3BsSbs3T_Z5kN533Gwh8GWn5W8zT0L_2BSCZYW6YK4MV8Y8wVPN4YVpZGYVZBhN6J=
Y05nDkl1VW3355rM4p4tCCN1tl9nwc3M67MNnwFp9kPy1W8dZ937765VmpW4WLlGt1DtwSfN35M=
srVJdBJlf22dpl004 ) will only come down once electricity rates decrease. Th=
e Dutch government, meanwhile, just announced plans (https://d2QWfV04.na1.h=
ubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4=
bXfJn5n4LbW69t95C6lZ3kPW5xL0mf6z3_vwW2C6WSy68PzlsW4DX8pW3QxggTW5f-ZMy5-tLxr=
W2b1C_k4_r9-1W60yqkp5_32K0W2mmmB67yXc9VW9j5nlH13glQkW8_bHB24XZ4NJW8PkPrm8bh=
lblW1RbCwV8wFj7dW6_TfHj3tPmnhVN30Q-7MJ5c7N6W-xnv2fX2cW2Qps3t5dmgqwW3bN8nQ37=
Vv9lW4p1PNF1CRd5nW5g4-mV7CW03kW8njlS-6l8y07W66w_7f21Jjj8N8RY4NStmplpW6HCgg3=
3TTnZNN5b5PWLDhJ2lW2njjBx4VlqG4W8rmyvy31kTkLW99R-hL7Y-NcVW64-Xqf4fby96W6YBB=
S48N0BMgW5z5KRj1FLW7fN2N3TrV3sPhbW4XT1KG4l0MFJVxSrTJ3Bbyk-W7sLYT33KfJm4W4kg=
0XC7p8ps6W27SSk42nkv6fW4nxJfM3hqBQbf91JNKj04 ) to pump 8 billion euros, rou=
ghly $9.4 billion, into green hydrogen.

THE KICKER

Kazakhstan is bringing back its tigers. The vast Central Asian nation=E2=80=
=99s tiger reintroduction program achieved record results (https://d2QWfV04=
.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5K=
F2_lN4bXfHP5n4LbW50kH_H6lZ3mPW4MFj7G7D1kl3W11CrKJ8FRNbPW8LY6QT12F8VdW80Hc8C=
7BgV7SW1VkM_r4wFlR-W7TFpH04hw7mNVPYTpW6L4fqYW6HTPd83rFZdqW3T7FyF2g_9XBW49Nx=
W96gvPw4W70ZcW68spD0KN6PMl1Nb1p--W73_xXr1YXrwlW7BPK556FhLnMW8mk9Zp7P7LbHW1Z=
VX3v2CTCLcW1rqNn36PhYpnW2N6X0Y8R5CQVW10Nwxd6Q7-PqW1ZYRv-7tM9kkW47r-9k3z1Qcq=
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4 ) in reforesting an area across the Ili River Delta and Southern Balkhash=
 region, planting more than 37,000 seedlings and cuttings on an area spanni=
ng nearly 24 acres. The government planted roughly 30,000 narrow-leaf oleas=
ter seedlings, 5,000 willow cuttings, and about 2,000 turanga trees, once c=
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he government plans to eventually reintroduce tigers, which died out in the=
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6e6;line-height:1px;max-height:0px;max-width:0px;opacity:0;overflow:hidden;=
" lang=3D"en">On microreactor milestones, the Colorado River, and =E2=80=98=
crazy=E2=80=99 Europe=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=
=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
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=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD &nbsp;
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wrapper_widget hs_cos_wrapper_type_dnd_area" style=3D"color: inherit; font-=
size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget" d=
ata-hs-cos-type=3D"dnd_area">  <div id=3D"module_1730982401850" class=3D"hs=
e-section hse-section-first" style=3D"padding-left:10px; padding-right:10px=
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      <tr style=3D"background-color:#ffffff;">
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<![endif]-->
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  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
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<div id=3D"module_1730982401850_0" class=3D"hse-column hse-size-12">
  <div id=3D"hs_cos_wrapper_module_17309824018411" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_module" style=3D"color: inherit; =
font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widg=
et" data-hs-cos-type=3D"module"><table class=3D"hse-image-wrapper" role=3D"=
presentation" width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
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rd; text-align:center; padding:10px 20px; font-size:0px">
        <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04=
/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH3qn9qW6N1vHY6lZ3lVW3zClpr25Y8=
kzW7TBWVz1PqbDJW1QR_qP2HJkpjW36-bYX7QNlXlV9ndvC38X_6XW3h-QCn3--XwVW1vw9H-7L=
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164rX9W59ljtz705zRLW18xCZR5h0P1wW7C7xWb4lMkH9W7Sy9_f7z28J-W8rqHgK2q_-4QW4vj=
49H7KD9ShW79f5fq5M_tG1W64X00-1k60_RV6mrZb7KXvl2f83td3K04" target=3D"_blank"=
 style=3D"color:#00a4bd" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"l+cg9g=
oY">
        <img alt=3D"heatmapAM_logo_fullcolor_whitebg" src=3D"https://hs-239=
17781.f.hubspotemail.net/hub/23917781/hubfs/Logos/heatmapAM_logo_fullcolor_=
whitebg.png?width=3D1000&amp;upscale=3Dtrue&amp;name=3DheatmapAM_logo_fullc=
olor_whitebg.png" style=3D"outline:none; text-decoration:none; border:none;=
 max-width:100%; font-size:16px" width=3D"500" align=3D"middle" class=3D"st=
retch-on-mobile">
        </a>
      </td>
    </tr>
  </tbody>
</table></div>
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    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
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  </div>
  <div id=3D"section-1" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-right:10px">
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff; padding-bottom:20px; pad=
ding-top:10px" bgcolor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;padding-bottom:20px; padding-top:=
10px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-1-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_modul=
e-1-0-0" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_=
module" style=3D"color: inherit; font-size: inherit; line-height: inherit;"=
 data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=3D=
"hs_cos_wrapper_module-1-0-0_" class=3D"hs_cos_wrapper hs_cos_wrapper_widge=
t hs_cos_wrapper_type_rich_text" style=3D"color: inherit; font-size: inheri=
t; line-height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-t=
ype=3D"rich_text"><p style=3D"font-weight:normal; text-align:center; font-s=
ize:16px; line-height:125%" align=3D"center"><span style=3D"font-family: Ar=
ial, sans-serif; color: #666666;">ALEXANDER C. KAUFMAN =E2=80=A2 FEBRUARY 1=
7,&nbsp;2026</span></p></div></div></td></tr></tbody></table>
</div>
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    <!--[if (mso)|(IE)]></tr></table><![endif]-->
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  </div>
  <div id=3D"section-2" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-right:10px">
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#b3ebbb" bgcolor=3D"#b3ebbb">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#b3ebbb">
      <tr style=3D"background-color:#b3ebbb;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-2-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:30px"><div id=3D"hs_cos_wrapper_module-2-0=
-0" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_modul=
e" style=3D"color: inherit; font-size: inherit; line-height: inherit;" data=
-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=3D"hs_c=
os_wrapper_module-2-0-0_" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_=
cos_wrapper_type_rich_text" style=3D"color: inherit; font-size: inherit; li=
ne-height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=
=3D"rich_text"><p style=3D"line-height:125%"><span style=3D"font-size: 20px=
;"> <span style=3D"font-family: Arial, sans-serif;"><em><span style=3D"font=
-weight: bold;">Current conditions: </span><span style=3D"font-weight: norm=
al;">A train of three storms is set to pummel Southern California with floo=
ding rain and up to 9 inches mountain snow =E2=80=A2 Cyclone Gezani just ki=
lled at least four people in Mozambique after leaving close to 60 dead in M=
adagascar =E2=80=A2 Temperatures in the southern Indian state of Kerala are=
 on track to eclipse 100 degrees Fahrenheit. </span></em></span></span></p>=
</div></div></td></tr></tbody></table>
</div>
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<!--[if (mso)|(IE)]></td><![endif]-->
    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
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  </div>
  <div id=3D"section-3" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-right:10px">
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff; padding-bottom:10px; pad=
ding-top:10px" bgcolor=3D"#ffffff">
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    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;padding-bottom:10px; padding-top:=
10px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-3-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_modul=
e-3-0-0" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_=
module" style=3D"color: inherit; font-size: inherit; line-height: inherit;"=
 data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><table rol=
e=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"vertic=
al-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:4px solid #1c86f5;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:4px solid #1c86f5;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_mod=
ule-3-0-9" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_typ=
e_module" style=3D"color: inherit; font-size: inherit; line-height: inherit=
;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=
=3D"hs_cos_wrapper_module-3-0-9_" class=3D"hs_cos_wrapper hs_cos_wrapper_wi=
dget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; font-size: inh=
erit; line-height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-co=
s-type=3D"rich_text"><h1 style=3D"margin:0; font-family:Arial, sans-serif; =
font-size:22px; line-height:150%">THE TOP FIVE</h1>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%; font-weight:bold">1. <strong>New York abandon=
s its fifth offshore wind solicitation</strong></p></div></div></td></tr></=
tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px"><div id=3D"hs_cos_wrapper_module-3-0-1"=
 class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" =
style=3D"color: inherit; font-size: inherit; line-height: inherit;" data-hs=
-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=3D"hs_cos_=
wrapper_module-3-0-1_" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_rich_text" style=3D"color: inherit; font-size: inherit; line-=
height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"r=
ich_text"><p style=3D"line-height:150%">What a difference two years makes. =
In April 2024, New York <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ct=
c/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfHP5nXHCW50kH_H6=
lZ3pVW9lr0H-6Cj_vXW916LFK5065-xN5N1-1vmyRvvW7hFtNz72dSQjVc9fCg8VK9g8W2-1yl3=
4GRRZTW19TMsp4xD51CW7--fJV8krsLnN5Wh09LWvbQhW5VjxMs5G8ZWDN8-1ZSCd9WsWW63yHZ=
J5nXsxlN1z4QMPddSxyW2gC8d38FVCFnW4xnD3x1fZS63W4_34Mr2HSxCPW4jslcQ4SjxmQN6pg=
XYK1jwB9W5m8rPX6QgTKHW7pbw6T5VZlm6W9gVQ_S51x2rxW4m8L907NTRJhN8f_6Wm4QNqLW4b=
5Pf238pSG7W5KqytF7S6VJ9W2Z_mKd5d2-D7W4xJly0716t7TW33vn5y2kydQHW4-LtNB2hkldZ=
W8F5-D221rMdsW7J54lM6598RkW5rWSZP4h3928f5-wqNv04" style=3D"color:#000000" d=
ata-hs-link-id=3D"0" data-hs-link-id-v2=3D"5DRom357" target=3D"_blank">anno=
unced plans</a> to open a fifth offshore wind solicitation, this time with =
a faster timeline and $200 million from the state to support the establishm=
ent of a turbine supply chain. Seven months later, at least four developers=
, including Germany=E2=80=99s RWE and the Danish wind giant Orsted, <a href=
=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5=
M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH5nXHCW6N1X8z6lZ3lbW2MpxJj2Bqy--W1ZtF9C2nVTzJ=
W76N8H61_CtYRW3x_tmH7dQty8W71Lmb41DVkMZW94gLmh2Q8GwmW40Bn6r90x_mLW6pL2h_2X_=
qtfL_yV_SsGLSW2wsb6Y6Xw_79W6g2xQr71QdY5W8X46K4760vz8W1l_xhV6CDZq0W6DP4TV5Kd=
bGXVw4LlQ7PwkZLN7WdHq85gly1Vr_YkL9gv3DHW2p74Rr4SFYlqN3lB5pf3n9qqN8R0_qnm8Q_=
1W40cKd34tzgcBW3m9Nrc8b1hLHN1sYcxXLyQ2MW1W3znF9cMw68W1V2pKF1TCPWyW2pVw165hN=
YjfW5RRknn82r_vKW7sfgWW7_xyVWW9grj-g6V-791W29XF153yFkY0W927QjJ8W3gVLW2M_rLX=
7qm1g7W1mBXCD7MZPqTW6qt17W2sQXfRVXsJ3K2ngHBgW2yPZJ885SMxjW5Blhg04q8cLKW1hwY=
f27K9MM2f2DCmTj04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-li=
nk-id-v2=3D"OJk0SnNy" target=3D"_blank">submitted bids</a>. But as the Trum=
p administration <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113=
/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKz3qn9qW8wLKSR6lZ3lRW3=
Lwkgn8cljqDW42k2JB4xd-KFW4hSGYc17HLx5W2nlrjh7GHcBqW4ddKp72PT8JfW2JM2-j34n6r=
GW5LfHsk5sBtYdW7sHmJ87dCj5nW2VSWHD8wq0CQN4RzTcd45b-rW7yCbsD3nhlRxVTgVkh36Bp=
NPN4Ggx_36J9HpVJ073575YgRzW12jYy67Y5K8QVH5KZD81JLV3N4lW6FpFcfyXVbGMqC8nB54r=
W3NtGxJ23f4J6W9hg34p4GjnCrW1b5c3B3CTPf-W7NvfQC3GN-TFW7BkSW673Ml8TW1KpLB15zK=
MNYVJhXkH7RrJlwW1L3Vxj1Fpg4dW55wZrB80-MpbN51-6XHshjMpdSD2hK04" style=3D"col=
or:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"txa8OfKa" target=3D=
"_blank">launched a war against</a> offshore wind, developers withdrew thei=
r bids. On Friday, Albany formally canceled the auction. In a statement, th=
e state government said the reversal was due to =E2=80=9Cfederal actions di=
srupting the offshore wind market and instilling significant uncertainty in=
to offshore wind project development.=E2=80=9D That doesn=E2=80=99t mean of=
fshore wind is kaput. As <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/C=
tc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKz3qn9qW8wLKSR=
6lZ3nMW2G_q6N7nlw18W2SWpDk37h0dMW1sBvJn97xPXBW9jgrlT36cb8wN5bg2Y1L9-g8W1k_f=
tH2kq3PJN2V8vRlJhQwBW2g18f97vWMzcW4wc0Qh52Fw-XW3sfdvr6XwSTNVHMMQR8BMctJW97g=
hZ_2bhs3KW4Fn2rx6KZv1lW33dCBJ5wB5VkW1HNTHn1pnySCW2HKDyg6x26VVW4ckFfk7TZMzTW=
5VwGvj4-QHbTW1-M-0p8bBrHhW5XFfC26smZbvW4X1bjN9fSbf7W1VSJ2p2l5LzcW6lhy_R2Wtj=
MNW4PLKBt4ryQhqW7WXc9h7Sj5rTW1HPfDw30qMltW4CcYZj6Xp23SW85QSDz90vCkKf3xcDbs0=
4" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"l6q7=
r8+8" target=3D"_blank">I wrote last week</a>, Orsted=E2=80=99s projects ar=
e back on track after its most recent court victory against the White House=
=E2=80=99s stop-work orders. Equinor's Empire Wind, as Heatmap=E2=80=99s Ja=
el Holzman wrote last month, <a href=3D"https://d2QWfV04.na1.hubspotlinks.c=
om/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKz3qn9qW8w=
LKSR6lZ3m1W3MHzgP8fJXc_N8p8jNz-rN5rN4D3TqKl575_W7tZzvh5H4L6vW3q30V11f5xGvW2=
Y1rnm3q1WBJW8TgcpJ8Q8y5VW15nbg673YZk7W4vx68D4lc09FW3rp9b66dYqTZW3Vt32h7mmmG=
8W3fsthP7HLMfsVY0Sxm6t9mspW4_B0104Dw9T_VCsfTj5sk-5QW8M5Zlr3DmnT4W50S_Ky81cG=
7dW6ZH0Qy7YqNJ5W8gBg7J3tTGCgW4fFfVw75lYHpW33pGDZ3z5l64N5RCWDhcjc0YVqsxSf54C=
WY6W8xMF446VlPgGW6rNLKj4n8vDkW69mP3p9lFBjtW43ygJg5xLFkYW6LBB_T5r2FLddprmVY0=
4" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"zynf=
vR3Z" target=3D"_blank">is cruising to completion</a>. If numbers developer=
s shared with <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2=
QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfHP5nXHCW50kH_H6lZ3k-W5hy8=
475M0wR_W28YkY_2vx7RNW8pkPnY3YZhBvW1g-khw7DJFsJW6lhpmw1bNJV8W2-qLD56dg2n8W2=
CFSD_4t3mQpVDsM3F4fWlNSW8h88N-7sdp6CW5VJJ7T1fh3K_W5TCcvL7Jv24BW495y-j1chy1K=
V_qmYw4fbpT8W8wT3Jh2FwjZzW3fk4sd9g3s92W8WTRDB7jYRQJW5GNs7172NBsLW8dgS5H5-0d=
VnW6Ns7Wj4YYpStW2l_2263PqDyFW2Nkp_V2CDchlW8WL_Js27Y_CJW9bblVB3Rhll9W29ZLhk4=
_KXyyW1rFm7m5KlFZjW7SM87W4svHYnW1YQy8j4THQhkW2L1-J42CQpWlN1bgjxFs5VYhW5pTsS=
r2BtYJDW2V7_px2m70gQW6w42kS5LXtfJf1_YXGv04" style=3D"color:#000000" data-hs=
-link-id=3D"0" data-hs-link-id-v2=3D"F4MER79P" target=3D"_blank"><em>Canary=
 Media</em></a> are to be believed, the few offshore wind turbines already =
spinning on the East Coast actually churned out power more than half the ti=
me during the recent cold snap, reaching capacity factors typically associa=
ted with natural gas plants. That would be a big success. But that success =
may need the political winds to shift before it can be translated into more=
 projects.</p></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module-3=
-0-8" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_mod=
ule" style=3D"color: inherit; font-size: inherit; line-height: inherit;" da=
ta-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><table role=
=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"vertica=
l-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:6px solid #e6e6e6;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:6px solid #e6e6e6;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_mod=
ule_17168972411022" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17168972411022_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; font-we=
ight:bold">2. <strong>U.S. natural gas production set to hit new highs in 2=
026 and 2027</strong></p></div></div></td></tr></tbody></table>
<div id=3D"hs_cos_wrapper_module_17712906768791" class=3D"hs_cos_wrapper hs=
_cos_wrapper_widget hs_cos_wrapper_type_module" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"module"><table class=3D"hse-image-wrapper" role=3D"pr=
esentation" width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
  <tbody>
    <tr>
      <td class=3D"hs_padded" align=3D"center" valign=3D"top" style=3D"font=
-family:'Times New Roman', Times, serif; color:#000000; word-break:break-wo=
rd; text-align:center; padding:10px 20px; font-size:0px">
        <img alt=3D"Screenshot 2026-02-16 at 20.06.36" src=3D"https://hs-23=
917781.f.hubspotemail.net/hub/23917781/hubfs/Screenshot%202026-02-16%20at%2=
020.06.36.png?width=3D1120&amp;upscale=3Dtrue&amp;name=3DScreenshot%202026-=
02-16%20at%2020.06.36.png" style=3D"outline:none; text-decoration:none; max=
-width:100%; font-size:16px" width=3D"560" align=3D"middle">
      </td>
    </tr>
  </tbody>
</table></div>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7528405697962" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div=
 id=3D"hs_cos_wrapper_module_17528405697962_" class=3D"hs_cos_wrapper hs_co=
s_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"rich_text"><p style=3D"text-align:right; font-size:12=
px; line-height:150%" align=3D"right">Appalachia, the Permian, and the Hayn=
esville regions are leading the way for increased gas output. Photo: EIA</p=
></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px 20px"><div id=3D"hs_cos_wrapper_mod=
ule_17302028083781" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17302028083781_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%">Preside=
nt Donald Trump=E2=80=99s =E2=80=9Cdrill, baby, drill=E2=80=9D isn=E2=80=99=
t moving American oil extractors, whose output is <a href=3D"https://d2QWfV=
04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf=
5KF2_lN4bXfKg3qn9qW7Y8-PT6lZ3kCW6QYbKw58zp3lW6G9wH5902HNZW95_QRf6KLtf-W1Ql3=
jP3ScTWvVwWTq17zNw14W296qN93zKHDzW8XZk2m96054SVZ3vhf1Fp1-WW6LLcXM3kyQy8W1PM=
llB394Y8dW1SblP11XkjSBW4q9TDY56qWCZW9dZN_x73hDpXW6NXvFw7yqwZFW5D-N3Y86Fdg1W=
9fPjC24bd7GqW8L9xXq1hD23dW5_31X37DPQ5QW7tnhgZ7h3fsJW1jKLTR2vd-ZGVc5Hlv7xldf=
tW5SqD1F5p67BkVYn7cj7XqnvdW3yLWBl8_c8nqW1sPLQ47d8VwrN3v_SvPcCL4Jf9lNqgx04" =
style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"TVg/n0B=
p" target=3D"_blank">set to contract</a> this year amid a global glut keepi=
ng prices low. But production of natural gas is set to hit a record high in=
 2026, and continue upward next year. The Energy Information Administration=
=E2=80=99s <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWf=
V04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKg3qn9qW7Y8-PT6lZ3lsW1XhJvw2=
7Qrl9W5vkx553q1BDgW1fTHvV58b9W0W6F9CLw5hyqzHW6KBDnX3zVd1KW3JQH0j6YF8KxVWj2r=
Y3g_S-nW28lCbZ8GKmrxW5_YFDS7qtqrMW7VVQtL38lffkW3jNFJh9fPy_LW4TVTH83__DykW7C=
_8lK66TyKTW7j4x3D8f3r92W377PQG2Zzwg7W8X_MM55-RPqgW6hdzcm4rGpP3N9fXzdzWS-MwW=
4nbyDH4m_h0MW796w3x8N5czsN4VPb-j4Qm29W3MY94Q3jS1gGW1s-z1r6Xyy6nN6hQz5wkF5tM=
W3mjwFD49l0WDW1K2PgT8zLR5Mf53-Pkl04" target=3D"_blank" rel=3D"noopener nore=
ferrer" data-hsprotecturl=3D"https://www.eia.gov/todayinenergy/detail.php?i=
d=3D67166" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=
=3D"ANgO80AK">latest short-term energy outlook</a> expects natural gas prod=
uction to surge 2% this year to 120.8 billion cubic feet per day, from 118 =
billion in 2025 =E2=80=94 then surge again next year to 122.3 billion cubic=
 feet. Roughly 69% of the increased output is set to come from Appalachia, =
Louisiana=E2=80=99s Haynesville area, and the Texas Permian regions. Still,=
 a lot of that gas is flowing to liquified natural gas exports, which <a hr=
ef=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pd=
W5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKg3qn9qW7Y8-PT6lZ3p9V6BXzR3-9B6vW4zd9J75K8PY=
FW1sXHwB7jzQLvW7XVbls4DFTLMW5cpBFJ2cpMlmVknlM8599-79W91MDh26732dyW8r71Wl23T=
V42W25F0913Gmc_rW8WPqdh548jFcW6cS6zF7RplMXW2szl_26JJJnFN1lZgXVTQX3LW3-J42k3=
nT6sBW46vTNq6xbpgxW1lXKQy11CSL4W5nMGR78twqNTW1kF62N1ZvVRSN3V5qVdhNRcwW6HdkL=
07X4YZQW2v8ccj18rCYZW55x1TR4c3fGfW75dyqm6lT4ybV7xhDm7yRzljW3Gbf347kDQ8VW6k8=
Hn42cXdLlf8TH7Dg04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-l=
ink-id-v2=3D"PtFwEyol" target=3D"_blank">Heatmap=E2=80=99s Matthew Zeitlin =
explained</a> could raise prices.&nbsp;</p></div></div></td></tr></tbody></=
table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7307336053001" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
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erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><tab=
le role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"=
vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:6px solid #e6e6e6;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:6px solid #e6e6e6;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_mod=
ule_17168973895873" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17168973895873_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; font-we=
ight:bold"><span style=3D"font-weight: bold;">3. </span><strong>Two microre=
actor startups hit major milestones</strong></p></div></div></td></tr></tbo=
dy></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px 20px"><div id=3D"hs_cos_wrapper_mod=
ule_17273490830932" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17273490830932_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><div aria-labelledby=3D"primary-D0960=
F0VALC-1771331636.674169-sender primary-D0960F0VALC-1771331636.674169-messa=
ge_text primary-D0960F0VALC-1771331636.674169-alt_text primary-D0960F0VALC-=
1771331636.674169-date_time primary-D0960F0VALC-1771331636.674169-reaction_=
count primary-D0960F0VALC-1771331636.674169-reply_count primary-D0960F0VALC=
-1771331636.674169-link_count primary-D0960F0VALC-1771331636.674169-attachm=
ent_count primary-D0960F0VALC-1771331636.674169-has_draft_reply primary-D09=
60F0VALC-1771331636.674169-pinned_state primary-D0960F0VALC-1771331636.6741=
69-edited_state primary-D0960F0VALC-1771331636.674169-later_state primary-D=
0960F0VALC-1771331636.674169-broadcast_state primary-D0960F0VALC-1771331636=
.674169-broadcast_thread_root_message primary-D0960F0VALC-1771331636.674169=
-translated_state" aria-setsize=3D"-1" style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">The U.S. nuclear industry has yet to prove =
that microreactors can pencil out without the economies of scale that a big=
 traditional reactor achieves. But two of the leading contenders in the rac=
e to commercialize the technology just crossed major milestones. On Friday,=
 Amazon-backed X-energy <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ct=
c/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJ45nXHCW5BWr2F6=
lZ3p4VzHqrD6qNsg2W1zNBQP2_Y9Z1W7ZYQkx4_6GWvW7Hwg3J1VTzdRN2HvSyGJlpY1W3TBBHD=
9c6-z8W3VlJXF2vH5gbW8JtP5p1gq62PW6tfnDH5dD0zBW4HX77l5mfbL5W1lSrrx7YtpqyVyv8=
8Y1F5MC-W2bglrm7km5BgW5SXh0L4dH4vQW3QZlYB4dQmLYN4LdgDl7wcqDW799PZ34PlPwWW18=
RQJ93g1MGhW48cd1W7Zx0P7VGhFfr3d3LHPW6jwtB25dV-xPW63Kb1R7L9h6GVd0jzv5l7WymW7=
qwsvn5rtWCHW92HQdV98LFbWW92pTcj7SfF8qW6d8FBK1wFRgqW1_3l7F8-MvKgW5w2Z-T2dxVl=
XW5tGvNl9gn3gZN50G4hbf_h8gW1G0K2y556vCVW6GQ1M54Ps1SvN5wW7WF2NsTGf6dP3wY04" =
style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"/Omhg32=
F" target=3D"_blank">received a license</a> from the Nuclear Regulatory Com=
mission to begin commercial production of reactor fuel high-assay low-enric=
hed uranium, the rare but potent material that=E2=80=99s enriched up to fou=
r times higher than traditional reactor fuel. Due to its higher enrichment =
levels, HALEU, pronounced <span style=3D"font-style: italic;">HAY-loo</span=
>, requires facilities rated to the NRC=E2=80=99s Category II levels. While=
 the U.S. has Category I facilities that handle low-enriched uranium and Ca=
tegory III facilities that manage the high-grade stuff made for the militar=
y, the country has not had a Category II site in operation. Once completed,=
 the X-energy facility will be the first, in addition to being the first ne=
w commercial fuel producer licensed by the NRC in more than half a century.=
&nbsp;</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">On Sunday, the U.S. government <a href=3D"htt=
ps://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65V=
y1HZW6mk3Cf5KF2_lN4bXfJH5nXHCW6N1X8z6lZ3mnVf60PR8Y3h52W8KG6fY5rxvCkW4BL6p83=
6h8rVVdkYCH51Bjm7W8dxQ1V8y9P64W79MRF64kN91PVdkp-08Jtw5PW1ZBZ8d2-B-clVKbSbs4=
sf269W20LSmX5n7lvQN5T37kCynQxbW4l_HhP3gLs6nN8yxvHTtfSv5W2btL2_8dnK7gVl8MFP2=
PZD4JW4ksRGP7gp-X5VV5Hq04lK2NFW3wYy2p3xxLqJN2gj1KCbV_rhW268jDC5z6LyWW3m5xm1=
2lVW7WW2Mf14r8JcrvCW15PzzZ1XClzrW3RH6Lk19xmxpVvCVwt7M2438W7chC151M3Q9xW3YQL=
LX3v9mFxW6Kyx2s2Crn52W8TSBDC72Qp9BW7PS6Hx46-TM6W1876vt66cLBsW5Vr10Z2tj2h6W1=
1yBxL4Gc-Y1N8DnCpfzDLfKN7jC-F-GczGTN4WrJ2g7Hjs_V6lg-X6VGdJcMpJc9XKBd8tf6_m7=
lC04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"Q=
+/AJNA4" target=3D"_blank">airlifted</a> a reactor for the first time. The =
Department of Defense transported one of Valar Atomics=E2=80=99 5-megawatt =
microreactors via a C-17 from March Air Reserve Base in California to Hill =
Air Force Base in Utah. From there, the California-based startup=E2=80=99s =
reactor will go to the Utah Rafael Energy Lab in Orangeville, Utah, for tes=
ting. In a series of <a  href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/=
X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKz3qn9qW8wLKSR6lZ=
3kqW606Q6S380qMkW49V8VF4ycB75W5NQv5G36KzMKW85tK9p2kxBrqW7HKLB93G6NbPW1d35kq=
3pkrR6N47BzB56hlfNW1T-0b33plznJVpv5rG3jg-mDN7Bdd8rlT528W3_7VcS44RStNW2mQs98=
2Nz8xlW4s_2_D3P8qTGW1WFpwQ8715C3M4HzsTkc8l9W6rPXrm5RLy_9W2yJ8qg84G0mLW1XZLh=
F6s0spjW5t208F8kwfDDVVMykJ4G5dhyW2Sg1YL6_PxCJW6zBPz_7JyF0TN2yhRGF9g6R5W3J5T=
CL37gz2ZW7th4_T8whWK-W6Br06g3ZzhBKW5K9qBY27crTmW31gvNw628mLHf30mM6-04" styl=
e=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"bTEOC/LL" t=
arget=3D"_blank">posts on X</a>, Isaiah Taylor, Valar=E2=80=99s founder, ca=
lled the event =E2=80=9Ca groundbreaking unlock for the American warfighter=
s.=E2=80=9D His company=E2=80=99s&nbsp;reactor, he said, =E2=80=9Ccan power=
 5,000 homes or sustain a brigade-scale=E2=80=9D forward operating base.</p=
></div></div></td></tr></tbody></table>
</div>
<!--[if gte mso 9]></table><![endif]-->
<!--[if (mso)|(IE)]></td><![endif]-->
    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
  =20
  </div>
  <div id=3D"section_17685677172268" class=3D"hse-section" style=3D"padding=
-left:10px; padding-right:10px">
   =20
   =20
      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff; padding-bottom:10px" bgc=
olor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;padding-bottom:10px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-1768567717226-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_modul=
e_17685677172262" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrap=
per_type_module" style=3D"color: inherit; font-size: inherit; line-height: =
inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><=
table role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=
=3D"vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:4px solid #1d5693;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:4px solid #1d5693;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
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</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7685677172263" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div=
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s_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"rich_text"><h2 style=3D"margin:0; font-family:'Times =
New Roman', Times, serif; color:#696969; font-size:12px; line-height:150%">=
<span style=3D"color: #1d5693; font-family: Arial, sans-serif;"><a href=3D"=
https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z=
65Vy1HZW6mk3Cf5KF2_lN4bXfJ-3qn9qW7lCdLW6lZ3ppW4XGQd88-sH2sW84C5Jk37YQgxW1R0=
JGn5KRqzGW2fW5pZ3-JffGW7NgH2Q4ZXQP2N2BpKQP3V2HgW8KptRf3V5kkNW1MMh361vMMVwN2=
t8GmMFlQ9fW6mk0Rn1J3MqHVHG8bJ5YY5_1W8t2mhn2f0nmLW8vRPLB63jvXdW8pJJxC2xxPLVW=
397bpk24JssjW3MdYBB9bZ49MW8GtW282488X_VF5YJH7NWRCnW3Zb2St67VtXwW2KbVd-3qbV3=
xW4SQFtY2FL26pW1XwWLH1MnyryW8Vt73j9cpZCyW3bp7qB8xlq1nf5F1P2n04" style=3D"te=
xt-decoration:none; font-weight:bold; color:#1d5693" data-hs-link-id=3D"0" =
data-hs-link-id-v2=3D"5k/XMxi5" target=3D"_blank">A MESSAGE FROM HEATMAP PR=
O</a></span></h2></div></div></td></tr></tbody></table>
<div id=3D"hs_cos_wrapper_module_17685677172264" class=3D"hs_cos_wrapper hs=
_cos_wrapper_widget hs_cos_wrapper_type_module" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"module"><table class=3D"hse-image-wrapper" role=3D"pr=
esentation" width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
  <tbody>
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      <td class=3D"hs_padded" align=3D"center" valign=3D"top" style=3D"font=
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rd; text-align:center; padding:10px 20px; font-size:0px">
        <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04=
/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJ-3qn9qW7lCdLW6lZ3llW4DM90837FD=
xnW1RFpxH43PNQ6W6_2b8F90k6zrW42cfcG39W2C4VC01nt3k5FjsW13Ppws4pHSNfW26CSWr4S=
BXmMN7CFF-hjlBDnMKRqY7ny_M6W94656z2dv9wSW39JWLR4-BdwMN4R_bMjM8-3FVbTzzW8kGM=
5gW8PFNpr44wf1DW7wQ2rc6xBmBmVNLm672J3HrnW15ct3624T8-TW5PSFNw7PnfjSW3Pyb0_76=
2rfRW3lJtxK85MGncN459b18YwWY5W8yS2XF1nFTYnW7n2NdP1pmyJXW2ZTdY-23n5H8f5-CQml=
04" target=3D"_blank" style=3D"color:#00a4bd" data-hs-link-id=3D"1" data-hs=
-link-id-v2=3D"hhkMe4al">
        <img alt=3D"AM - Protest 600 200 copy" src=3D"https://hs-23917781.f=
.hubspotemail.net/hub/23917781/hubfs/AM%20-%20Protest%20600%20200%20copy.jp=
g?width=3D1120&amp;upscale=3Dtrue&amp;name=3DAM%20-%20Protest%20600%20200%2=
0copy.jpg" style=3D"outline:none; text-decoration:none; border:none; max-wi=
dth:100%; font-size:16px" width=3D"560" align=3D"middle">
        </a>
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</table></div>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7685677172265" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div=
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nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"rich_text"><p style=3D"font-size:18px; line-height:15=
0%"><span style=3D"font-family: Arial, sans-serif;"><a href=3D"https://d2QW=
fV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3=
Cf5KF2_lN4bXfJ-3qn9qW7lCdLW6lZ3pwMmfBbsVM2kqW3TnSk58PHfFKV8Fg4D1M254qVKmw-y=
7Yd3mxW6q28SY7FvKpkW5BTmbr1wT3b4W1L1ZzG7MY5tVW2vkXpV47rtBXW5bl-tr4ywK_9W46l=
pZK4Zd9d6W8-hTDQ2kKQ9fW1YRNg64Qz11_W4YL7JD75jKkVN5_gYfLkFmmPW5v9Xxq3z8G5yN7=
ZlNkr3L3f9W8j6f3t99_-BbW3grNDM1ZCCJ0W4FTl3n8mZtCPVvGhYM8FLjtLW1sK50S8xDC-xW=
9d3w5y7d23cmW6yr5NX2brNhmW7m8n9b4hZql3f2PT30H04" style=3D"color:#000000; te=
xt-decoration:none; font-weight:bold" data-hs-link-id=3D"2" data-hs-link-id=
-v2=3D"iSc/rORF" target=3D"_blank">Want to Get Your Project Approved?</a></=
span></p></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:0px 20px 10px"><div id=3D"hs_cos_wrapper_modu=
le_17685677172266" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wra=
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<div id=3D"hs_cos_wrapper_module_17685677172266_" class=3D"hs_cos_wrapper h=
s_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inherit=
; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"wi=
dget" data-hs-cos-type=3D"rich_text"><p style=3D"font-size:14px; line-heigh=
t:150%"><span style=3D"font-family: Arial, sans-serif;"><a href=3D"https://=
d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW=
6mk3Cf5KF2_lN4bXfJ-3qn9qW7lCdLW6lZ3kYW3YR5H341FxdWW5WrbNX603ZPCW29T4t54LnRg=
wW4cdmYF8H2ycrN6NTPLsQ1m9sW5F7m0K38KNGLW6S_TsH35gw23Vy194V4lymsWW7xklGf44_w=
pKW7V6s8g6XyWj0W9dMqgb38nNMJW6P4v5-3tZ99mW7sJVV0925P55Vnmd5P2XVmfhW7mx0Hs3s=
hJMKW40Cyzz6t4PMLW2x9lGC70WqlWW4vVHw57zNpD7W7cBhM_6P15sZW2Dkpg-8r-pnxN4nsYr=
2TprwsW2jXqK-5Bf6g-W1C97JG6ZxY-6VdxbS_3Z98cPf1xpkbM04" style=3D"color:#0000=
00; text-decoration:none" data-hs-link-id=3D"3" data-hs-link-id-v2=3D"bfF5V=
lKh" target=3D"_blank">Siting battles for data centers and renewable energy=
 projects are not random. Using county- and zip-code-level risk factors, He=
atmap Pro=C2=AE identifies the early warning signals that consistently pred=
ict where and why opposition will emerge. <span style=3D"text-decoration: u=
nderline;"><strong>Learn more</strong></span>.</a></span></p></div></div></=
td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7685677172267" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><tab=
le role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"=
vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:4px solid #1d5693;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:4px solid #1d5693;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
</div>
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    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
  =20
  </div>
  <div id=3D"section_17549147556788" class=3D"hse-section" style=3D"padding=
-left:10px; padding-right:10px">
   =20
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff; padding-bottom:10px" bgc=
olor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;padding-bottom:10px;">
<![endif]-->
<!--[if gte mso 9]>
  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
<![endif]-->
<div id=3D"column-1754914755678-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_=
module_17412689178444" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_module" style=3D"color: inherit; font-size: inherit; line-hei=
ght: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"modu=
le"><div id=3D"hs_cos_wrapper_module_17412689178444_" class=3D"hs_cos_wrapp=
er hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inh=
erit; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=
=3D"widget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; fo=
nt-weight:bold">4. <strong>Colorado River negotiations end without a plan f=
or shoring up water supply</strong></p></div></div></td></tr></tbody></tabl=
e>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px 20px"><div id=3D"hs_cos_wrapper_mod=
ule_17412689339535" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17412689339535_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><div data-qa=3D"message-text" style=
=3D"line-height:150%">&nbsp;</div>
<div data-qa=3D"message-text" style=3D"line-height:150%">
<div data-qa=3D"block-kit-renderer" style=3D"line-height:150%">
<div aria-setsize=3D"-1" style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">
<div style=3D"line-height:150%">After years of attempting to sort out new a=
llocations from the dwindling Colorado River, negotiators from states and t=
he federal government disbanded Friday without a plan for supplying the 40 =
million people who depend on its waters. Upper-basin states Colorado, Utah,=
 Wyoming, and New Mexico have so far resisted cutting water usage when lowe=
r-basin states California, Arizona, and Nevada are, as <a href=3D"https://d=
2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6=
mk3Cf5KF2_lN4bXfKT3qn9qW95jsWP6lZ3ltW6PH_qm6_1sZfN8RGpHRhtFR_N98pW7kMnsH_F7=
4Xj-mp8xxW5T_qLk2PDVfmW7LNxnr4pRnL1W15lDb54lT2BjW4DJRG360wympW3Z_yVx4xsvNpW=
6yclbg8nRBNkW8CHsQj5jXflJW2fmF2G2vmjjXW3tBzjw6xFWLnW35Hm5M2ns1ZKW5LjZt-1s-2=
PnW5MCWbp75MD7ZVQHCMt6nNZZpW8T-05v3VXnT_W2c9Cjd8VfX6DN7KZK0B_CbymW2c6KfP6PT=
jcZW7HSLvh1Wv9PFW7lvcJm16LtBJW2rbSSb1TlbWbW6vVZSh4d4BNjW4mv0696fX0PdW6d3jkm=
8mjLRVW6Z4y2233WyV_N3b2gKG5CmjyVkspyd5dz4yyf560t9q04" style=3D"color:#00000=
0" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"yN+S/nL8" target=3D"_blank">=
<em>The Guardian</em></a> put it, =E2=80=9Cresponsible for creating the def=
icit=E2=80=9D between supply and demand. But the lower-basin states said th=
ey had already agreed to substantial cuts and wanted the northern states to=
 share in the burden. The disagreement has created an impasse for months; n=
egotiators blew through deadlines in November and January to come up with a=
 solution. Calling for =E2=80=9Cunprecedented cuts=E2=80=9D that he himself=
 described as =E2=80=9Cunbelievably harsh,=E2=80=9D Brad Udall, senior wate=
r and climate research scientist at Colorado State University=E2=80=99s Col=
orado Water Center, said: =E2=80=9CMother Nature is not going to bail us ou=
t.=E2=80=9D</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">In a statement Friday, Secretary of the Inter=
ior Doug Burgum described =E2=80=9Cnegotiations efforts=E2=80=9D as =E2=80=
=9Cproductive=E2=80=9D and said his agency would step in to provide guideli=
nes to the states by October.</p>
</div>
</div></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7658043840841" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><tab=
le role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"=
vertical-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:6px solid #e6e6e6;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:6px solid #e6e6e6;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px 20px 10px"><div id=3D"hs_cos_wrapper_mod=
ule_17168975037365" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wr=
apper_type_module" style=3D"color: inherit; font-size: inherit; line-height=
: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"=
><div id=3D"hs_cos_wrapper_module_17168975037365_" class=3D"hs_cos_wrapper =
hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inheri=
t; font-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"w=
idget" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%; font-we=
ight:bold"><span style=3D"font-weight: bold;">5. France laments </span><str=
ong>Europe=E2=80=99s =E2=80=98crazy=E2=80=99 hydrogen regulations</strong><=
/p></div></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px"><div id=3D"hs_cos_wrapper_module-3-0-7"=
 class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" =
style=3D"color: inherit; font-size: inherit; line-height: inherit;" data-hs=
-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=3D"hs_cos_=
wrapper_module-3-0-7_" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_rich_text" style=3D"color: inherit; font-size: inherit; line-=
height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"r=
ich_text"><p style=3D"line-height:150%">Europe=E2=80=99s =E2=80=9Cregulator=
y rigidity risks undermining the momentum of the hydrogen economy. That, at=
 least, is the assessment of French President Emmanuel Macron, whose govern=
ment has pumped tens of billions of euros into the clean-burning fuel and p=
romoted the concept of =E2=80=9Cpink hydrogen=E2=80=9D made with nuclear el=
ectricity as the solution that will make energy technology take off. Speaki=
ng at what <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWf=
V04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH5nXHCW6N1X8z6lZ3kYW2pd_CP6=
wJ_qDN18jpGZ144r_W7cZwMl8K_DcdW6BH9np520DQlN279Rc1bP_cyN7vDL-88zfrtW2J9dlt1=
4vwK3W9lhx128cFS1jVCP1-P76Z89rW7s8zvS4HPfBVW7pq7sS4WHf1hVcwsJy5Z6r3qW7XcScS=
7r8BYwW5LlrYx2rVcWCVGD9Pj6hfw2mW1ZH8Mn88-VDPW1wZmTY10fLgFW77VGRm7Qg5qCW32wQ=
kG5DccNGW3rw6xg1hwZ0LW8XHTvY3JxhcRW2NbfKV8tZp6lV1cn9-2sGW95W3_6zVN6S3LRGW7V=
Nxh05x5-7DW6m6Y-68RmqdMW14_YXR5n0ThFN1-GXVH4zxdWW50MzCP6PClvmW42WTHQ8FKFMRW=
6D1ydJ9fHDw-W6hFr4w4rBJ0JN5Y1-wjbrFL3VWzCWS5pDXmwW4kTkr71svxMkW7-RQVH5Nr8Gr=
V4H_BK2qZvcvW7d_PkQ5k24gCf63spKs04" style=3D"color:#000000" data-hs-link-id=
=3D"0" data-hs-link-id-v2=3D"GtuVjG7e" target=3D"_blank"><em>Hydrogen Insig=
ht</em></a> called =E2=80=9Ca high-level gathering of CEOs and European pol=
itical leaders,=E2=80=9D Macron, who is term-limited in next year=E2=80=99s=
 presidential election, said European rules are =E2=80=9Ca crazy thing.=E2=
=80=9D Green hydrogen, the version of the fuel made with renewable electric=
ity, remains dogged by high prices that the chief executive of the Spanish =
oil company Repsol <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+1=
13/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJH5nXHCW6N1X8z6lZ3lD=
N4k6CQfDtYcDW37WCpk85FrlZW4CrZ668QBHHhW8_kLck1Ghv8dW285pnv1Sfj7nW5tfnlw12g_=
q2W2lV0Lj6-4HHFW429DYK6Mw_hWW63Nwsb47-lGzW8lnm_994DmpJW52SD_01v9S_jW5-thzT1=
vKY4mN2m_ZglwF1v-W8k25Lw5kmWZhW57Htnx8q_kySW47Q0g56tv2gWW15d3lF4S-BdzW4zhJr=
m7HjqS0W5hlmCD1_4XPdW6kMRRh6CvdkGW7P0n4q2vj-jpW4wMl9z2w7vpvW4tXx6-5S2lmYW1K=
Xf1b4gBByGW2b79Kp7rd5XVW2sP0MF7kncSSW7R3gms8QvCdtW3l0vdg6Wm8F5W101t3k8wZwkJ=
N7bZrCgQMc8dW7fhKB_5CjvWLW22Tx1y78RPk0VL0cl54FQYkyW2JngMz8Qy2TLW4fRg9Z7gbQ4=
7W74Gf_L3dHpYKW82SDxP2-6qWlW2bB_Ts5yjKwrf2jhbPn04" style=3D"color:#000000" =
data-hs-link-id=3D"0" data-hs-link-id-v2=3D"c6XDejtM" target=3D"_blank">sai=
d recently</a> will only come down once electricity rates decrease. The Dut=
ch government, meanwhile, <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/=
Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfJn5nXHCW69t95=
C6lZ3kCW19ZFC-2ntsJPW3PF1Jn4sc6bpW33xvb32hQTpGW7fxdV41hcw8DW6M00fn6Gl28yN6C=
mdjP3lMWgVCxvBK7-2NQpW73ZSTz10G8DyW7nXGQt8ThR-0W6Stn_V6X6Z0XW557vn37GQf11W5=
z9L_83H9jR0N7stfWqNRYL0W2w4NYV3RyqQyVN1GJ67L_VFGW4XzRsD1m7-wnW5W4TLC5Mr7h6W=
9jCJ0x1SRP1hW8QLB995DlfymW2SP_sw4lPmMqW32b_173wScVCW3mtXLf7cJZF0W6-ZqGv5Q0S=
bsW2_6Xvr7gz36GW1db5LS4hhSFRW6-bfqn7npBLtW1YK0N93BtBPQN3HRq74dZ8rPW63qZT07R=
WXYtW1yY7Wx3GZVCHW6tzv3z6LhQg3VBQVRf79JKr8W5S0ZhR2vTblvW63pX281zlYwwN80SnND=
MjblfW7hd3mj6C5_Hqf14CQvs04" style=3D"color:#000000" data-hs-link-id=3D"0" =
data-hs-link-id-v2=3D"+61hafl3" target=3D"_blank">just announced plans</a> =
to pump 8 billion euros, roughly $9.4 billion, into green hydrogen.&nbsp;</=
p></div></div></td></tr></tbody></table>
</div>
<!--[if gte mso 9]></table><![endif]-->
<!--[if (mso)|(IE)]></td><![endif]-->
    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
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  <div id=3D"section-4" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-right:10px">
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
   =20
    <!--[if (mso)|(IE)]>
      <table align=3D"center" style=3D"width:600px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
      <tr style=3D"background-color:#ffffff;">
    <![endif]-->
    <!--[if (mso)|(IE)]>
  <td valign=3D"top" style=3D"width:600px;">
<![endif]-->
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  <table role=3D"presentation" width=3D"600" cellpadding=3D"0" cellspacing=
=3D"0" style=3D"width:600px">
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<div id=3D"column-4-0" class=3D"hse-column hse-size-12">
    <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D=
"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_modul=
e-4-0-0" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_=
module" style=3D"color: inherit; font-size: inherit; line-height: inherit;"=
 data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><table rol=
e=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"vertic=
al-align:top" width=3D"100%">
  <tbody><tr>
    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:4px solid #1c86f5;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:4px solid #1c86f5;wid=
th:560px;">
          <tr>
            <td style=3D"height:0;line-height:0">&nbsp;</td>
          </tr>
        </table>
      <![endif]-->
    </td>
  </tr>
</tbody></table></div></td></tr></tbody></table>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:20px"><div id=3D"hs_cos_wrapper_module-4-0-1"=
 class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" =
style=3D"color: inherit; font-size: inherit; line-height: inherit;" data-hs=
-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div id=3D"hs_cos_=
wrapper_module-4-0-1_" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos=
_wrapper_type_rich_text" style=3D"color: inherit; font-size: inherit; line-=
height: inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"r=
ich_text"><h1 style=3D"margin:0; font-family:Arial, sans-serif; font-size:2=
2px; line-height:150%">THE KICKER</h1></div></div></td></tr></tbody></table=
>
  <table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7678798381002" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
_type_module" style=3D"color: inherit; font-size: inherit; line-height: inh=
erit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><div=
 id=3D"hs_cos_wrapper_module_17678798381002_" class=3D"hs_cos_wrapper hs_co=
s_wrapper_widget hs_cos_wrapper_type_rich_text" style=3D"color: inherit; fo=
nt-size: inherit; line-height: inherit;" data-hs-cos-general-type=3D"widget=
" data-hs-cos-type=3D"rich_text"><p style=3D"line-height:150%">Kazakhstan i=
s bringing back its tigers. <strong>The vast Central Asian nation=E2=80=99s=
 tiger reintroduction program </strong><a href=3D"https://d2QWfV04.na1.hubs=
potlinks.com/Ctc/X+113/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXf=
HP5nXHCW50kH_H6lZ3kJW96tpLZ7lg7PgVtWl-N7D73_QW4GJBdX5ymCJ8W4h9_kK8Sktb1N7yq=
s51dV5YlW7pGYmh3f8Xl0W6FzDBZ7LkVrqW8pwn2y6_19nKW3CQQWm77FMhpW9gwPFQ3LYZqSW5=
NYbrV30XtzwW5N5yl25b5sv6W8mqK7G3Yd1DWW5m1ktf5p3yNTW8PZB9s8FyTg2W7B3YtK7mKw1=
RW6p7DdP7JvZFRW7Vmz4H8xVmqNW6D4GGb3c0600W1fmL7_80yRNkN3pQ39Z7mnhvW25sWfs1NP=
ZtZW4QkctT2mGJSDW44ZJzZ4DwTfDW5MqsmQ93vxPXW5wD9Zj4sn9C7W7vhcqs2SBG3TVcxdPZ3=
5qVgfW47wbyV8cLqpNW2RQTfc26d7ZtW6wTp7g26h8ZRW6tkXK53_8b58f633PTR04" style=
=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"uCM+Hspm" ta=
rget=3D"_blank"><strong>achieved record results</strong></a><strong> in ref=
oresting an area across the Ili River Delta and Southern Balkhash region, p=
lanting more than 37,000 seedlings and cuttings on an area spanning nearly =
24 acres</strong>. The government planted roughly 30,000 narrow-leaf oleast=
er seedlings, 5,000 willow cuttings, and about 2,000 turanga trees, once ca=
lled a =E2=80=9C<a  href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113=
/d2QWfV04/VWCrwt11V5pdW5M-6z65Vy1HZW6mk3Cf5KF2_lN4bXfKT3qn9qW95jsWP6lZ3mWW4=
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3W4drGzS7N3YpRW7p6VlN85m2jZW6k3tLq1vBqV4N4nYnypnmJWFW1XkMbq2YN_8xW2sLt4c21g=
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xjnvN7t6M14Z-x-ZW4YWfWS8vkRSrVqxzwg7qW50lN7vMDz1JjGf5W5Y7Wgv4H8J5_Vtb8Vt4vD=
kDnW3gW65J1WBtC_W2NX12T3Yy43CW4X3t1h8ygbfGW77KnG733X49nN6KL8-8Y2PXtW8Cr_LS4=
Mx2Cgf515JQl04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-=
id-v2=3D"+zErmhw1" target=3D"_blank">relic</a>=E2=80=9D of the Kazakh deser=
t. Once the forests come back, the government plans to eventually reintrodu=
ce tigers, which died out in the 1950s.&nbsp;</p></div></div></td></tr></tb=
ody></table>
</div>
<!--[if gte mso 9]></table><![endif]-->
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    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
  =20
  </div>
  <div id=3D"section_17394601289044" class=3D"hse-section" style=3D"padding=
-left:10px; padding-right:10px">
   =20
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      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
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"font-family:'Times New Roman', Times, serif; font-size:22px; color:#000000=
; word-break:break-word; padding:12px 20px"><div id=3D"hs_cos_wrapper_modul=
e_17394601289042" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrap=
per_type_module" style=3D"color: inherit; font-size: inherit; line-height: =
inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><=
table role=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=
=3D"vertical-align:top" width=3D"100%">
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    <td align=3D"center" style=3D"font-family:'Times New Roman', Times, ser=
if; color:#000000; font-size:0; word-break:break-word">
      <p style=3D"font-size:1px;border-top:4px solid #000000;width:100%;mar=
gin:0 auto;"></p>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" style=3D"font-size:1px;border-top:4px solid #000000;wid=
th:560px;">
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            <td style=3D"height:0;line-height:0">&nbsp;</td>
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</tbody></table></div></td></tr></tbody></table>
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"100%" class=3D"" style=3D""><tbody><tr><td class=3D"hs_padded" style=3D"fo=
nt-family:'Times New Roman', Times, serif; font-size:22px; color:#000000; w=
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7394601289043" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper=
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<p style=3D"line-height:150%"><span style=3D"font-family: Arial, sans-serif=
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rial, sans-serif;">&nbsp;</span></p></div></div></td></tr></tbody></table>
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