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Date: Mon, 9 Mar 2026 08:15:09 -0400
From: Heatmap AM <editors@heatmap.news>
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On France=E2=80=99s power record, Qcells=E2=80=99 solar, and wave energy

heatmapAM_logo_fullcolor_whitebg (https://d2QWfV04.na1.hubspotlinks.com/Ctc=
/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxVR3pyd0W6N1vHY6lZ3k=
tW4VL1jb715tbMW44DGNS8qywbMW3kvZ7w6ZkhMNW59CJkP4JMxYJW4WHCSr2_B4yXW600Z503F=
xLDFVDS2W58mpfD6W7lCPXV7HmZQzW7lTZ1S5z2n2lW3FnSks7_f2W2W51_Zgg4zL2d1VRmW9M6=
MGm2SW2CkNVD5jDMNLW5JQ0bG5Y7ccvW1w0Py91D2h3pW8ClzB9983gkcN8M8KZ1_XjbVW5l0_s=
P7RbYkwW1X6qKK67n12fW7mqLSZ16FjwyW2pSKL155z0c8Vz9h3R4MQPM-f6dmcJz04 )

ALEXANDER C. KAUFMAN =E2=80=A2 MARCH 9, 2026

Current conditions: Spring-like temperatures have arrived in New York City,=
 with a high of 62 degrees Fahrenheit today =E2=80=A2 The death toll from t=
he flooding in Nairobi, Kenya, has risen to at least 42 =E2=80=A2 Heavy rai=
n in Peru threatens landslides amid what=E2=80=99s already been a deadly we=
t season.

THE TOP FIVE

1. Oil prices top $100 per barrel

It only took a week. But, as I told you might (https://d2QWfV04.na1.hubspot=
links.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxW63pyd=
0W7lCdLW6lZ3n_W6PltNC6LcJzrW8VTK286503WDW4_DN0q5YxztsW8qrmm-8LysSqW3btMKv5J=
8wTrVG5q773TQDFTW98mc-v6yns2sW96LVsq8WSyB4W42W8017yMZNPW3QD-pq1TzPGrW2CqLXX=
2JzZ-rN3kXGyPtQSbKW8nMhR24_PPHtW3G2GLC6pVnX8W52tHXv5HsjBYN8b6Kkq6cThpW97_Nv=
S7fZrX3W5Z6YzQ5lg6QRVjSDlc1b9kyTW99fnTz8Zc31CW1Dg7P21q0vXZW29GnK_3R2STQW2vG=
J2b6pmt2LW5KDWkZ4B92H2f6KFsCj04 ) happen sooner than later, oil prices surg=
ed past $100 per barrel for the first time since 2022 as the war against Ir=
an continues. The latest hit to the global market came when Kuwait and the =
United Arab Emirates started cutting production (https://d2QWfV04.na1.hubsp=
otlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxTY5n=
4LbW50kH_H6lZ3q3W88xb833RWBJ_W64WRy42f2F_sW2xLXmM67Smv-W7Yjl9k6RsTYjVR66qM6=
wdx9TW7ZM5Ln718zcSW3J6Pxh65ZmLjW1LCBn85lBHPPN7YQVG8z4LP-N93T5Hf3fpwnW6ffGlP=
46JbNLW6MyVf11-dkZcW13l_tQ197SBkW90VsQB1ww7H_W3svghn8cpxpKW8DQBtq7qvRWJW9jV=
jf083Skw_VRTfL_2xq3QgN35tPRt41l7dN311m8YnMbB7W8hCZJG9hvgTmW3v3L163s-hBSW83F=
zQ18H3Vt3W6M0GLx4lXsrpW9ckNtt24bpBKW2MJXyg1qzqlZW6FdTbC2sPLrDW31W7nc5m38V4W=
3Qn1kQ4TRHnMW9bK0CT2rwwr0W4YJRK41VSbmHW1gltKB4GJXLbf77MdXP04 ) over the wee=
kend at key oil fields as shipments through the Strait of Hormuz ground to =
a halt. In a post (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04=
/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWK3pyd0W8wLKSR6lZ3mgN1Gmkkggrfw8W5=
hVWw27ZsPGxW6hk2-h6Z-ymVV_8B044RxCq9W16gCNf6LD6yfN7NqfVwk_tYFW5Krg1Q8g-TPJW=
3QT97D1CVkrcW7ZxgND4tX17CW5lMlsb1bDPrKVm4gPJ1Fks8fW1YMHqY6QYSKLN6_8B4VZh0Yp=
W7GV5Tm7JvDjPW59GCYl5bqk1SW2YwwVg7Hyf99W4-27zW4GM1VwW3NxNP64PD2RQW1sQMMG5zW=
d6DW7RlZL87z8z9fW5N9bdh7qJYD0W2Xk2NX3x-s1kW4_t6Jm7Wq2s7N90jc2_VtY7rW8-5pD-7=
ZljCXW6dH3FB18x5RxW7qbFvC6TNjY_W2j-T-J962tn-f2qrk-x04 ) on his Truth Social=
 network, President Donald Trump said prices =E2=80=9Cwill drop rapidly whe=
n the destruction of the Iran nuclear threat is over,=E2=80=9D calling the =
rise =E2=80=9Ca very small price to pay for U.S.A.=E2=80=9D In response (ht=
tps://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4Qf=
VCvW7CpFKy5LqSY5MVmxWq3pyd0W7Y8-PT6lZ3n0TjDMD7nR2R2W7nlGZ73dXVnKW4mNNZv8ZMm=
lhW5JN3YL8kp3x5MPQCX0Kmfm6W1kFDXz1-xDJ7W2tFXsb264mxgN7KrvfB1rx3yW5pvQzj2Z8r=
PSW87ZBV-5fTy-tW99pn6P5D4p7hW5qGVPS7mY1FhW6MBqk98wPVt_W7-9ScP5qp1hrW3qRTTw8=
VbjwDN917q8j1hk-nW7W8g331GMty5W7WQtz97D1YWKN501ZlkRbkQhW7m_JZl1_J1ZVN45wDY2=
y75Z7W71Bkth8j7tgnVdJvj58K-3BvN3HKlRd88pc_W5Xp6Dr3l_R3_W16Qq102XXT0Wf3bj37v=
04 ) , oil analyst Rory Johnston said Trump=E2=80=99s statement would only =
spur on the market craziness. =E2=80=9CNo one who has any idea how the oil =
market works is buying it =E2=80=94 all this does is make it seem like Trum=
p believes it, which means the base case length of this disruption is growi=
ng ever-longer,=E2=80=9D he wrote. =E2=80=9CTick. Tock.=E2=80=9D

The war=E2=80=99s effect on energy markets isn=E2=80=99t just an oil story.=
 As Heatmap=E2=80=99s Matthew Zeitlin wrote (https://d2QWfV04.na1.hubspotli=
nks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxW63pyd0W=
7lCdLW6lZ3q4W7-nc1P6R45NnW6WDCb796KNqDN95h4g2j3zRcW82_QZx15pMsBW4yxL394JkMt=
bW2z6vKx4lVRLkW7d3Qdw1JRp3KW79bh5617xc61W1-V2Ly7XH9m6W7Y_yQP95QrBTW7bv9b86W=
-wQbW87pCR76PKScyW3ZhCZQ4mXW2YW1hClCd47rVtBW5hm0ly4pSXp5W4wm-dq5w8nv8W437XP=
L2mDlCCM-lRyGnj8nPW1QsZcf8kcRFQN2Vjl76x2FqHVB19fp8wlt-wW7FbcD83-15BLN5jXSVT=
NfldzW2lkF8q8tZxVyf8Bt1z004 ) , it=E2=80=99s also a natural gas story. Simi=
larly, as Matthew wrote last week (https://d2QWfV04.na1.hubspotlinks.com/Ct=
c/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxW63pyd0W7lCdLW6lZ3=
q6W5YJZ6F5cv8q3W1BHBg540HjNDW5nLXpw8t3WvPW5TMDVW2By6B8W48G-KQ4wfn35W26Jl9G7=
bzr2yVpy0_64ZVyMyVJgK6x9bmZ9cW46T5Vd3DbXS3W5y613H6KQmmZW26zvnM1DKh6BW497zFn=
6zHm9NN7GqySRL8Dm9N5KcHgHS3zGbW8ZDBsV1gv5f8W6lFJYt1X1rdFVfcbp44wVpx-W2dWjG_=
2HMSk0W3G_THF2NVMthW9jkVJf61BnXFVMpQcK2scx29W15Yrm55Y2FZzW7LHy3d2x1XGCW1fJg=
5X2RSYc7f7F7twF04 ) , the winners of the market chaos run the gamut from co=
al to solar panels.

2. The U.S. generated a record amount of electricity last year

Make America generate again. Photo: EIA

The numbers are in. Last year, the United States generated 4,430 terawatt-h=
ours of electricity. That=E2=80=99s up 2.8% from 2024, which previously had=
 been the highest annual total (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X=
+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWq3pyd0W7Y8-PT6lZ3ntW=
5tfZhj1MZ8pMVkY8hR1fXJy6W7_DtGz3Y6Qp2W2zZCtN1sRWzMW7JSpnc87cW8mW8d1Rsn3658W=
yW5XJX1L1blBBbW5XxLbM7KbJt2W9hMmR34VC4d-W3N8bWj3CNd-rW432Ym120bJYFW2-n4mB6Y=
XbwkW4XXPw41dCgH7W24s20f7BxTfQW5FnFCC3SWkSfW7LdGRN10SP9TF3prgBxDsLqW6wkjff8=
PrqDpW4Lgjdw3mHWNCW7FxR8H4GxRztW8GnPf03dW35xN3BbvDSvXsfNW7xNqmS67h2xXN25KSN=
Pg7x2GW3B-T8-4bT78MW2fY7Q12hs50qf6cVvS204 ) in the Energy Information Admin=
istration=E2=80=99s record books, which date back to 1949. Residential elec=
tricity sales grew 2.2%, while commercial surged by 2.9% and industrial ros=
e by just 0.7%.

3. France=E2=80=99s power mix reaches 95% low carbon

France produced a record 521.1 terawatt-hours of low-carbon electricity in =
2025 as upgrades to existing nuclear reactors allowed the fleet to produce =
more power, according to data from the grid operator RTE. The latest report=
 is not yet public on RTE=E2=80=99s website, but NucNet (https://d2QWfV04.n=
a1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5=
MVmxVd5n4LbW5BWr2F6lZ3kNW4wKbxb8kbyl9W5RXbd-2bTqkKW8_YFqB23T56nW60trD_6LqWx=
hW7CfTgz9kT2kVW2wKHGX7G7RqnW3g66GQ5Wy1hqV-V0Ty6RxHnGW4l-5zS5tQGV_W74Xt_P1G_=
cYJW2nRTZ425_ql-W7VnmkD8K-Gr_W5rClD55d50RZW6383D34jVQzTW5mNyG_2WNs-9Vyb11C2=
XFmN9W3xglDG2QcMgRW8BT9wc32dC1KN3wr-tm-6DJqW3hfXmx4hB0vVW3kxH1M4sSF9vN4W-Z4=
pqG992VF5f0p1BNwGbW1SWwBG2ysLhGW37c8KF4LW1PmVZf9yg6czBq3MhSTkynhNwVW8-nYj03=
bcZmlW8rFwG_6HbQK1W43SfQh7lcbmcW8BQcl_7T2t9sN42x4v12kyY2W1B7zWH7YYv_ZW5T6MV=
L1JPpFwd-VjVT04 ) reviewed the findings. The electricity mix has largely re=
mained steady for the last two years. France first achieved a 95% low-carbo=
n grid back in 2024, RTE data (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+=
113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWK3pyd0W8wLKSR6lZ3q2W7=
bmT-D1kSjYTVnh2DS90F5JPW51q1nH6XMPwYW3HZMbg7zLLSZN2w9zC-lB4rzW2GCxrL2Cg9dMW=
8CYQpk1CzJwnVPG5kB3wSCjMW14zYwW5lybcSW7pDLsM7C_m6DVtX5wb3g155QW4Ws4CS5n_FwV=
W15HVk082sWZLW75yjN92QzKkLW7h8tKB4Vt7B0N9lxLwrG0gZ8W2b-d1n8TpC7NW3XrXJk1zkh=
94W2HFy5R5wgYdcW2DGp_Y8hcHg2W8tHdmp11QnrSW1Ytd8s2y5bQtN9m4FVD85YhPW7ZgZWY4Q=
v6pYW4tz5LK5qNtfwW52jXf83hSF-ZW6mKyQy9bkJRhW14HzBw1mZN6Ff81VlS204 ) shows.

A MESSAGE FROM HEATMAP LABS (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+11=
3/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWK3pyd0W8wLKSR6lZ3nPW2F2=
cYG1PMpGfW4KCvPQ6qpxxdW4btFtl70YGf2W4xR8Fr9b_Mr6W4W6JtP6MRbt7W1y0Gw06NLq-HN=
1pvRZG47747W6RQMMq2dpgbnW1HZv1r3_gFvZW83_Zgy3vVbcRW3wRpkm1mxD5MW4L6LCB6HdGv=
hW5B3tzq5gRXDrW2c774w7VXzc2W8SpfYr36TfYbW903f7z2JbF34W6zYJhd5syf7sW6p-BSy98=
NF5cW46b7DL1ctKvzW7FQt3Q3M9kDCW1fJ54b1vcnnHW1xfS3J52SKtYW8C99LF1zTWNvW2zXfD=
42H2t5lVmy3jc1c-4yPW1BY-tq1yrPyXW1bjd6264txbjVmFYYb2n8WFzf7pK0XP04 )

Climate & Energy Tech Investment Shift (https://d2QWfV04.na1.hubspotlinks.c=
om/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWK3pyd0W8wLKS=
R6lZ3nPW2F2cYG1PMpGfW4KCvPQ6qpxxdW4btFtl70YGf2W4xR8Fr9b_Mr6W4W6JtP6MRbt7W1y=
0Gw06NLq-HN1pvRZG47747W6RQMMq2dpgbnW1HZv1r3_gFvZW83_Zgy3vVbcRW3wRpkm1mxD5MW=
4L6LCB6HdGvhW5B3tzq5gRXDrW2c774w7VXzc2W8SpfYr36TfYbW903f7z2JbF34W6zYJhd5syf=
7sW6p-BSy98NF5cW46b7DL1ctKvzW7FQt3Q3M9kDCW1fJ54b1vcnnHW1xfS3J52SKtYW8C99LF1=
zTWNvW2zXfD42H2t5lVmy3jc1c-4yPW1BY-tq1yrPyXW1bjd6264txbjVmFYYb2n8WFzf7pK0XP=
04 )

Where Climate Capital is Flowing in 2026 (https://d2QWfV04.na1.hubspotlinks=
.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWK3pyd0W8wL=
KSR6lZ3nPW2F2cYG1PMpGfW4KCvPQ6qpxxdW4btFtl70YGf2W4xR8Fr9b_Mr6W4W6JtP6MRbt7W=
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XP04 )

Hear from Obvious Ventures, Azolla Ventures, HASI, and FischTank PR on clim=
ate investing in 2026: Where capital is going and what founders need to do =
to raise, communicate, and win. Register here. (https://d2QWfV04.na1.hubspo=
tlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWK3py=
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zf7pK0XP04 )

4. Qcells starts up solar production in Georgia again

Qcells has resumed solar panel assembly at its plant in Cartersville, Georg=
ia, following a series of delays. By the end of this year, the South Korean=
-owned company said it plans to have the capacity to pump out 3.3 gigawatts=
 of solar panels per year. =E2=80=9CWe are proud to be back to work manufac=
turing the American-made energy the country needs right now,=E2=80=9D Marta=
 Stoepker, head of communications at Qcells, said in a statement (https://d=
2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7Cp=
FKy5LqSY5MVmxTY5n4LbW50kH_H6lZ3mDVWk_Pr6MfVrNW8_TRb_7dCmWkV1vPMK18Gbd2W74qJ=
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xb_bz85hsTKW2fpqcP5x8CswW69gXV65mjwd4W38g94n5KGCFHW1Tdqhx4KDlxVW6jxmcw4q62F=
ZW3qlkn_5xHdT1W7rfgcb1vnqTsW2_3DM82Cr_cPW7Xfb9M5mC6ZpW29BjDy3dxdfMV4YqS61Wp=
qNzW1Pz1p51cQstvW6j4yTL53sddHVpjBn14Hn6FHW5VfpTm4Mg3KWW5hxqVg6ZXZmXf4DR6Px0=
4 ) . =E2=80=9CLike any company, hurdles have and will occur, which require=
s us to adapt and be nimble, but our overall goal remains the same =E2=80=
=94 to build a complete American solar supply chain.=E2=80=9D The moves com=
es as MAGA warms to solar power as part of a broader =E2=80=9Crenewables th=
aw=E2=80=9D that Heatmap=E2=80=99s Jael Holzman reported (https://d2QWfV04.=
na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY=
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mnXW7Gtnt_9lxp8YW6wTgQ41lkg_NW3k2v064MZbfTN4lN8pTs8B8DW6B8r2F1zWJ36W9gLJHh1=
b-7n3W5fX2526nLs3cW1WDCqB1cBY02W2zCp488mPwlkW6bs3Rd293BTKW5jMwxZ7cPCNtN7ZNC=
g3kwYvfW5yN8sK6ttDCtW9hKNw25bP389W3PsHq0270GCXW8XvhW43m2c6lW830rB365SbzvW7F=
nFxB1nYSl7f3FYJ7F04 ) is part of a legal strategy.

Roughly two hours away, SK Battery America laid off nearly 1,000 workers at=
 its factory northeast of Atlanta as automakers cool on electric vehicles. =
Friday marked the last working day for 958 employees, according to a federa=
l filing the Associated Press (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+=
113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxTY5b5l4W50kH_H6lZ3pRW4=
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dtqc6W751XxT69LPgbW92L9642GXF9Tf2v8D-404 ) reviewed.

5. Wave energy startup breaks records in pilot project

A wave energy startup hoping to harness one of the trickier sources of rene=
wable power just broke a record with its latest pilot project. Last month, =
Eco Wave Power deployed its EWP-EDF One technology Jaffa Port in Israel. Th=
e pilot test lasted nine days last month under moderate conditions with dai=
ly average wave heights between one and two meters. Throughout the test, th=
e project generated about 2,000 kilowatthours of electricity. =E2=80=9CNot =
only did we continue stable production during moderate wave conditions, but=
 we also experienced the highest waves recorded at our site to date,=E2=80=
=9D Inna Braverman, Eco Wave Power=E2=80=99s chief executive, said in a sta=
tement to the trade publication Offshore Energy (https://d2QWfV04.na1.hubsp=
otlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxTY5n=
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62lMzTW17WDTk6-XvbLW9lJV3d6gzgN8W3LzJ_C2JnLwXW8nl-7F5WXDJdW6ZgvJP4-gDWRW4VJ=
b2f78XPFsW7kwzzl4C2dm5W7cryQv6BBQb4W1x-dbr4DPjpcW1SB4sr8sgnkPW4KfnHq9hkVn9W=
7yzhHW8zf8JHW1Fxlx76_n437VL-9_G1LJGlrVhjwLX8fCSH0W3p28s93C6CHFW3QMtMd4--t2q=
W1JpZj06B8PhHW8hrk2m2WVWVnW1cJgpD8Jn-2-W4Nw0MQ1TXCvGdpXhn404 ) . =E2=80=9CA=
chieving record average and peak power production during 3-meter wave event=
s provides meaningful validation of our technology=E2=80=99s performance po=
tential as we scale toward commercial projects.=E2=80=9D

THE KICKER

Scientists discovered a molecular trick used by a unique group of plants to=
 convert sunlight into food. Hornworts are the only known land plant that p=
ossesses internal compartments that concentrate carbon dioxide similarly to=
 algae. A new study by researchers at the Boyce Thompson Institute, Cornell=
 University, and the University of Edinburgh suggests that genes from the p=
lants could be used to breed more resistant crops such as wheat. =E2=80=9CT=
his research shows that nature has already tested solutions we can learn fr=
om,=E2=80=9D said Fay-Wei Li, a co-author of the study, said in a statement=
 (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKT=
m4QfVCvW7CpFKy5LqSY5MVmxWq3pyd0W7Y8-PT6lZ3l8V80rZG67JtRDW1bRXNM21bSFpVDDzK0=
3S3xJLW5J-mnT6S26B1W8FW-J-74dqvXW66-lSV96wfxqW6m4v1y4W-FpbW88nP3D5DzVdVW6Bd=
RqL7txVFyVHDRDM92hs74W11DGRd98DM_7W76jvb21lMX5jW3X-l6r2rfjLpW22Gxqd3c7g1LW1=
tTZjj3GpqRvW6J66pP83Z4MTW5NNMvg4YfZ9XW5W9Tm21Vk7w6V7x0Fw4dQyQ-W33tx6l3wX61g=
W8FqstS24lkTLN5Xs1v1mWn9PW5yLyZL52fLVcW6_b7wc1l5lMRW5_Yn873Yr2j-W22ZDPf2Z6S=
C2f7Ztx9204 ) . =E2=80=9COur job is to understand those solutions well enou=
gh to apply them where they're needed most =E2=80=94 in the crops that feed=
 the world.=E2=80=9D

Opportunities

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B-x04 )  today to see the premier intelligence platform for project permitt=
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  <td valign=3D"top" style=3D"width:600px;padding-bottom:20px; padding-top:=
10px;">
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  <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 MARCH 9,&n=
bsp;2026</span></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-2" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-right:10px">
   =20
   =20
      <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;">Spring-like temperatures have arrived in New York City, with a high of=
 62 degrees Fahrenheit today =E2=80=A2 The death toll from the flooding in =
Nairobi, Kenya, has risen to at least 42 =E2=80=A2 Heavy rain in Peru threa=
tens landslides amid what=E2=80=99s already been a deadly wet season. </spa=
n></em></span></span></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-3" class=3D"hse-section" style=3D"padding-left:10px; p=
adding-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; 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: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>Oil prices top $=
100 per barrel</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:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7713829086802" 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_17713829086802_" 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%">It only took=
 a week. But, <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2=
QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWq3qn9qW7Y8-PT6lZ3l-W2YSdK94=
p2bLYW889s5K1xdXJQN2cRxRLj-hQpN6cksDpL5tLyW28w8Y64h6tKHN1bGyv1Pm1vYW6TcDGP6=
n-Qj7N8fcKt43LQy4W8zhWvl7lXwbDW94wLnB7P_WmlW5qYr7-7MFrfcVHr-YY4cJnzHW1r2_Zm=
8Yb7Z9W2j02Rv7zQHmVV6ClX93ZFMn8W8Ff8JT55rZKWW3YTZJT1nKWyzW8CxPXb34Y0W-W6Y0D=
1T8sHZcyVYrV9_7xzkcbN6nctxq8rjJDW1H_b_-7Y6zhkW2NQr7424zBBkW13zPyL8NvbTdW1jJ=
c5J6fKqZtW8jLnL82GxW_3f4frP-M04" style=3D"color:#000000" data-hs-link-id=3D=
"0" data-hs-link-id-v2=3D"UyjWg7pb" target=3D"_blank">as I told you might</=
a> happen sooner than later, oil prices surged past $100 per barrel for the=
 first time since 2022 as the war against Iran continues. The latest hit to=
 the global market came when Kuwait and the United Arab Emirates started <a=
 href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8=
XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxVd5nXHCW5BWr2F6lZ3lVW4y1kLj79cSRRW3pGdGt7pqw=
n8W3P5PLJ1rpZhtW2M2C_B7M0CLQW2M_526460_GZW6rz4VQ343_bgW31SzMh4V2zqQW1JWczG1=
d66htW4RZh-q3fN9pxW2MZ7-21tzP6lW6dHzgk6_FMzfN5D4pLqM5R7QW4VhhlZ7yxqgFW38_9j=
F6q3s5zW3LX_349h_c61W6TRGht1S3PRgW4Z39tb2mX2-mW2MqGdj8hZr6nW7PwvQf3BpR4fW39=
7lJy52G4BCW2V66sg1-jkqkN2KY8PP38BrxW2jKV0p7PssyNW253ns45ZpxDZW4VKwGl4W4ny9W=
3QH1ZD6k-pDbW591fRd5pPrwHW6kjhRk8V-cP-N5-_pRvvZkYcW52Kv_Y3YFGb_W4h6rVc8lPC2=
rW1hGrH51vTxc_W6HmYKh3lKK37W5SGctb1g2h4Df8LS30R04" style=3D"color:#000000" =
data-hs-link-id=3D"0" data-hs-link-id-v2=3D"zYtAJJl2" target=3D"_blank">cut=
ting production</a> over the weekend at key oil fields as shipments through=
 the Strait of Hormuz ground to a halt. In a <a href=3D"https://d2QWfV04.na=
1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5M=
VmxWK3qn9qW8wLKSR6lZ3lbN7MGRJTLTZxCV1nryx5xnTG_W1LbkTQ1PMRHNW6s7vg44PWVgSW8=
rRc0-4ySHv-W32BBZx4tRxpfVcsnDt4KhxB7W2_H2K6527QH4W8G60Qw5ChLB7W7P-_156rSCYr=
W8-VHcx4_CV0rV8gvb42DKd6SN1_5fDDymm1-W6qGY4V1GY-j7W9cQxWn4g97lHW6W8yT-5tWs-=
NN2qSs6K1YMb9W5dcvpf4CdWsCW522JXn1M6MXZW1J2q6d4C0l9XN5ktzTtTGqYGW3Jm2Gn2nHd=
fSMLx0b3lW_FnW8SH4RD3FcFsmW3Rfy325fHBN_W8rsBrr1FVmlMV-__yM30dpqVW671HGJ8h8v=
M0f5yHknn04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-=
v2=3D"UMke8n6G" target=3D"_blank">post</a> on his Truth Social network, Pre=
sident Donald Trump said prices =E2=80=9Cwill drop rapidly when the destruc=
tion of the Iran nuclear threat is over,=E2=80=9D calling the rise =E2=80=
=9Ca very small price to pay for U.S.A.=E2=80=9D In <a href=3D"https://d2QW=
fV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy=
5LqSY5MVmxWK3qn9qW8wLKSR6lZ3n5W477FtW3DsH-YW6RSFRK99VV39W40TkkR5QQ43TW3wHrS=
Z8N93nPV-MsB11TT1g5W1H6Jn_6DP1RDVRgH6H1tcwJ8W4nCSbq8cp-hJW4YfZqS5MRXrbW1fbq=
Vw4JxZSkN5WcHnP74ktTW74KzR-4wtpntW67Yb-j2Kp63BW24fmdx6G-g9yW4NYcMT4V-YzyW7D=
6jCk4fMJsKW5rNsBP86gsgwTPVtr4Scw87W6KvHm-26M7WkW3sVrJn8tD_5PW4ZH5Wf33yPm3W4=
X2dGY24DLfqN5lRnFQ7NGbGW6GrfHn8WrCJdW8yCsx83tbknqW4BTzVJ7h-ckPW6NlV3G4jFk_6=
VBcb1B44NSpTf8qj7j404" style=3D"color:#000000" data-hs-link-id=3D"0" data-h=
s-link-id-v2=3D"o3c+AiGM" target=3D"_blank">response</a>, oil analyst Rory =
Johnston said Trump=E2=80=99s statement would only spur on the market crazi=
ness. =E2=80=9CNo one who has any idea how the oil market works is buying i=
t =E2=80=94 all this does is make it seem like Trump believes it, which mea=
ns the base case length of this disruption is growing ever-longer,=E2=80=9D=
 he wrote. =E2=80=9CTick. Tock.=E2=80=9D</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">The war=E2=80=99s effect on energy markets is=
n=E2=80=99t just an oil story. As <a href=3D"https://d2QWfV04.na1.hubspotli=
nks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWq3qn9qW=
7Y8-PT6lZ3l6W4ggJNg49TfM4W8zkjqg1LhkjWVJnjH13xy5-0W8Ln-rc2R5g0qW89cxtC5CBLt=
MW3W0H6C5ttZXJW4XcD2p2VDmfqW1gjt3v1K9866W5krnGv39vMjpMZR_-LZB4QDW3V-V5G3rLj=
qFW12MF0C95nwN0VCQqHD1cSbpDW4V9rf58JSKcLW5CZ8bJ3QdzRdW6x0QCb5Rr1xWW48LtD03C=
J-BYW8xHmzv87NtjgN29wM5dz1GCSW32m9cQ13fPhxW4sxVk91Mk6CkW8tPj3X7x_YYvW5yH0Tg=
72lfCYW38dwQK5VvcfMW8cNhhq6wY8tfN4_BPXW2X67Sf5GsWPn04" style=3D"color:#0000=
00" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"gTmWWdyq" target=3D"_blank"=
>Heatmap=E2=80=99s Matthew Zeitlin wrote</a>, it=E2=80=99s also a natural g=
as story. Similarly, <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X=
+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWq3qn9qW7Y8-PT6lZ3lgN=
3Q9c4nvWpssW8Rvj3c187PPqW3BQ5RP8YKl9YW4jHl324j5v3YW4s7_sf2ZL8bwW5kT_8w36vxj=
NW2pyBxF6lnlsnMnS-DNbcYVXW2Tt2Mn22ljkpW8wCMG_7KZk7dW4LQvrx6bK9BSN1NyvxhLcWy=
hV9psk96VKX8dW8HRNXY1L7vH8W2-zF7R4YHMp6N3GQHZ4QPzkSVkh2x27vsmxwW8HG5WN6m6xZ=
WVJ8QGb4n38jrW8QVtd86p8qmDN17wr55Qf7qLW7bNpvs1WrqWFW1WGjGk408ph0Th8MS3BGrvJ=
N4GqT9P5zWhzW42H5Br4R2wv3f1mVmdn04" style=3D"color:#000000" data-hs-link-id=
=3D"0" data-hs-link-id-v2=3D"MlYe6paG" target=3D"_blank">as Matthew wrote l=
ast week</a>, the winners of the market chaos run the gamut from coal to so=
lar panels.&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-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>The U.S. generated a record amount of electricity las=
t year&nbsp;</strong></p></div></div></td></tr></tbody></table>
<div id=3D"hs_cos_wrapper_module_17730242449881" 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 2026-03-08 at 21.41.53" src=3D"https://hs-23=
917781.f.hubspotemail.net/hub/23917781/hubfs/Screenshot%202026-03-08%20at%2=
021.41.53.png?width=3D1120&amp;upscale=3Dtrue&amp;name=3DScreenshot%202026-=
03-08%20at%2021.41.53.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">Make America generate again. Photo: E=
IA</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%">The num=
bers are in. Last year, the United States generated 4,430 terawatt-hours of=
 electricity. That=E2=80=99s up 2.8% from 2024, which previously had been t=
he <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBx=
KZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWq3qn9qW7Y8-PT6lZ3k-W7G_X591gp-fDN3kDTD=
r75WBVW96DnrC7hcFhcW3ZNS-j2C_3TfW2zHPmX2GjKYlW4vBM5Q6BPcw6W4fVhgz7Y2f-KW4bV=
49v5lwR47W5YdsVH7d0kkdW6Nhj8381R5Y2N82HkzwcsjJgW1mWTJS7pV0bRW3CZSXV958KQ6W9=
793j_4r6R4gW42S1zr5nDd5SW5KWCWq3qyrMYW65rQJ24clc19W2SS98Z7Sddc7W8_XBfG1HyD5=
HW8WPD3C4MdzFYF87VtlgfRtQW3jzHKH2VshDYW5q_-4z5TqwcVW7C0Ms97cjm75W16lXxF7Gkd=
NwW1JxCVC4l-WLVf4d_zxM04" style=3D"color:#000000" data-hs-link-id=3D"0" dat=
a-hs-link-id-v2=3D"JsI5KRQ0" target=3D"_blank">highest annual total</a> in =
the Energy Information Administration=E2=80=99s record books, which date ba=
ck to 1949. Residential electricity sales grew 2.2%, while commercial surge=
d by 2.9%&nbsp;and industrial rose by just 0.7%.</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=
_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_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>France=E2=
=80=99s power mix reaches 95% low carbon</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: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 data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<p style=3D"line-height:150%">France produced a record 521.1 terawatt-hours=
 of low-carbon electricity in 2025 as upgrades to existing nuclear reactors=
 allowed the fleet to produce more power, according to data from the grid o=
perator RTE. The latest report is not yet public on RTE=E2=80=99s website, =
but <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWB=
xKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxVd5nXHCW5BWr2F6lZ3pzW4NhRQW8sfQ2CW8CzY=
QC2nJlFjW2c-Z1L78z2q7W4MwymK7qV4s0W3Pcg1H3v_GlPN96YXkHq25lLW3Mmcd71mhgLPW5w=
wDCH7_y2x-W4lnL3T7K55PTVdQ-hC7MJxrxN5mxdnPtTXXnW7KFLHX8wfTV4N3FQzjBTQ6NLW54=
-Bty51rlYKN619QPKTZFCYW1BJQKv2K6Z42W48tSMp1gbfPvN5B7BxNXq4DxN5dt50xlxrRNW6C=
yk946vHsDRW4yDwPP7-gn1jW1vm_tS6XCQdGW1F0Qdp6msKS7W327d661l9RlBW4PBcvT4rMC1_=
W5WCMwH6-hGl5W9lThN18HvWSPW7jLRZw60bLSrW23p8T918SD_LW19m29R13xL2xW4VV1pY5fG=
GKJW7DZzR71Vw-gHW6rZFcH4-VNbyW3fkGHS6M7j2cf7q1Bl004" style=3D"color:#000000=
" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"iiweE3I0" target=3D"_blank"><=
em>NucNet</em></a> reviewed the findings. The electricity mix has largely r=
emained steady for the last two years. France first achieved a 95% low-carb=
on grid back in 2024, RTE <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/=
Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxX03qn9qW95jsWP6l=
Z3pFW5YJk8b1HSnJvW5sx70s9hP957W5N92g45YQYn_W79NSdJ41ZPbZW8W8Bbq5JPMRTW4CtmH=
p5zWf2xW7wV-bC4wnGHlW8b7MWt6gd8XXW8ZRXSh15FtzXW7T26Lx4SJs_4W6P4d9l90SR7sW8M=
VyN52DbllLW7m5f1W1KKPSsW6Q9PmS4z8r8mW6gHjgC3lXbztW5swlPR14BwZtW8cJy2J6_Byj9=
W23JHK37VNCnJW1lHg_J2JFdCGW1HmTz17MpVbSMfnd3DMg0MSV6-CBt6NZVrBW62DXs841j7Dz=
W39Cdtn5K-Q2HW34xhTw45yqGCW2NFNX73217pmW7tp5kF6Ps8_zW3rC7Qg3JYc1RW4M_wg21NG=
jDjF37ZywBFRGSf6Y2YZK04" style=3D"color:#000000" data-hs-link-id=3D"0" data=
-hs-link-id-v2=3D"dHvJ839g" target=3D"_blank">data</a> shows.&nbsp;</p>
</div>
</div></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_17730578705787" 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-1773057870578-0" 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_17730578705782" 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;">
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            <td style=3D"height:0;line-height:0">&nbsp;</td>
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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=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7730578705783" 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/MWBxKZPQ8XJVKZKTm4=
QfVCvW7CpFKy5LqSY5MVmxWK3qn9qW8wLKSR6lZ3lLW3K0VPh2CGq32W3qpld858LCMfW2cvrnW=
15lLb5Vt92hb5-TZVqW90dJ5V281ttyW5G4fF28K3p0QW1MDsVv8HsDHNMd-xbv-b2y8W6KhzLX=
5RnK2SW1QyQhb8h4m5YW8ZL1QT2N7MTyW4yJtLb2QQkXHW5BNWtT3gcsjZW6qfDrZ87YCRbW5-h=
VLy5RdmmYW5XZV1-1_F2t-W4TjjFX8GrB6FW2mf6T47tzJtdW72L9wz4m-2ppW74qLKp4ZQwrSW=
2byyLq934BFHW2q31k85HqRrPW2B8b-n3JVZ5sN71nspCxJtP8W4tNc0G767Tj_W1H2Gwv24pWz=
WW5Gz23V91qWr7W4gd8yY1BDz5Bf91yhPC04" style=3D"text-decoration:none; font-w=
eight:bold; color:#1d5693" rel=3D"noopener" data-hs-link-id=3D"0" data-hs-l=
ink-id-v2=3D"IfBJ3x1f" target=3D"_blank">A MESSAGE FROM HEATMAP LABS</a></s=
pan></h2></div></div></td></tr></tbody></table>
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_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">
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      <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">
        <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04=
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9hrzTm8fP3_yW4s3S4P7KJ_T8W385fYQ6ZlhQXW7zS0p65z25CwW4Jd36w4JFNCJW8Smgkr3Xpg=
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byCW7mRM377DBqdjW2C2hCB24KnbKW3cWtP78Xjl4qW2bZKfW7vnwlGW95xP9L7krgz6N9fpGS3=
ytKmhW8QKgpM7XQ9XBW3hnBfH5zc_tBW37BHVt3Q_RkxW63KwZQ907gscW6Q05g915nl_1W2J42=
g03sqkNvN2fDhJ1kJglsW3SkmlS6T5jbbW7G4xZQ1bKx95f3lfjyP04" target=3D"_blank" =
style=3D"color:#00a4bd" data-hs-link-id=3D"1" data-hs-link-id-v2=3D"XV9rX5c=
l">
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s://hs-23917781.f.hubspotemail.net/hub/23917781/hubfs/House%20Ads%20-%20AM%=
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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=
ord-break:break-word; padding:10px 20px"><div id=3D"hs_cos_wrapper_module_1=
7730578705785" 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"><p style=3D"font-size:18px; line-height:15=
0%"><a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWB=
xKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWK3qn9qW8wLKSR6lZ3kJN4XNFG0kmRPyVTtlFf=
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t-decoration:none; font-weight:bold" data-hs-link-id=3D"2" data-hs-link-id-=
v2=3D"ibJk+5EY" target=3D"_blank"><span style=3D"font-weight: bold; font-fa=
mily: Arial, sans-serif;">Where Climate Capital is Flowing in 2026</span></=
a></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_17730578705786" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wra=
pper_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_17730578705786_" 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/MWBxKZPQ8XJVKZKTm4QfVCvW7C=
pFKy5LqSY5MVmxWK3qn9qW8wLKSR6lZ3pXN5SJLd1kPHvlW2YxMxl3vw-k5VB2Ymf8q7rvDW4lY=
wCz8SCdWvW8HMNCl5Q9QK1W6j9gp82Cbr2JW7Fppx_2fx-hKW7blPFC4LN3RyN1ljf8g_ym2gW1=
MtXtd1q71-6W4qlYg44WRfqRW89qqgF4vMnGFW7w_hmz5GLGpMW5Yc_Q1490CDYW719Rnp86nGB=
0W9cCyXY8yF8SmW20hbPq8PqF6BW4zytK11pV1b6W6JnCXn1fCyT3W1bYLGb3Vxy62W1dbXLp6b=
46LlW4TrVbS855G2DW7zBVqy45VhKMW6Qy09P63L0StW1V0HMq26Z7sfW6sypyX3B53NmW98RRs=
m30fdXWW6_81Kq5jv-M_f86GgfF04" style=3D"color:#000000; text-decoration:none=
" data-hs-link-id=3D"3" data-hs-link-id-v2=3D"2Jb3CbRS" target=3D"_blank">H=
ear from Obvious Ventures, Azolla Ventures, HASI, and FischTank PR on clima=
te investing in 2026: Where capital is going and what founders need to do t=
o raise, communicate, and win. <span style=3D"text-decoration: underline;">=
<strong>Register here</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=
7730579045121" 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;">
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            <td style=3D"height:0;line-height:0">&nbsp;</td>
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    </div>
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  <div id=3D"section_17549147556788" 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-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>Qcells starts up solar production in Georgia aga=
in</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: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%">
<p style=3D"line-height:150%">Qcells has resumed solar panel assembly at it=
s plant in Cartersville, Georgia, following a series of delays. By the end =
of this year, the South Korean-owned company said it plans to have the capa=
city to pump out 3.3 gigawatts of solar panels per year. =E2=80=9CWe are pr=
oud to be back to work manufacturing the American-made energy the country n=
eeds right now,=E2=80=9D Marta Stoepker, head of communications at Qcells, =
said in a <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV=
04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxTY5nXHCW50kH_H6lZ3kxVM3FfP11WrSB=
W5t7-1p8MvtNsW4dk_Rd7gDHZsVjfSNY4dnF49W6qknf54cVNzlW1-cWqS2DqdfMVsqR1_5P8_W=
WW2l39s52_qK_qW1_QJLP6brP9HW9hRS4c7wZpwnN6rhr-mZv0fxW73_Qtm8bFmgLW13zXrz7mv=
GzQW64KGVd4HVbbxN2qdbCgW8v_wW1C1X6W2k6cwLW1QLtXV7PtRp2W2bx9Yz3zH0SlW8KLrBh7=
2x9wNW8b80Y_4pjd2RW4yXyX48qDXzJW6Qszfd4QKcfHW5Y5KXZ9fNL-BW89fNDG22QWSCW7_9l=
87759FxXW8Xf6-l6DRsvQV9Bz4W3HHMSPVRNryZ4w4n6YW630Xg98Hqk2WW5rMpLL2lDKpGW3r5=
66B2pLTdjW5mYtjx1f78lqf8y75pK04" style=3D"color:#000000" data-hs-link-id=3D=
"0" data-hs-link-id-v2=3D"q3/aD0dR" target=3D"_blank">statement</a>. =E2=80=
=9CLike any company, hurdles have and will occur, which requires us to adap=
t and be nimble, but our overall goal remains the same =E2=80=94 to build a=
 complete American solar supply chain.=E2=80=9D The moves comes as MAGA war=
ms to solar power as part of a broader =E2=80=9Crenewables thaw=E2=80=9D th=
at <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBx=
KZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWK3qn9qW8wLKSR6lZ3kYW4nsvFn2N2F13W9ltLR=
P2bKcBfW4sxPCK2qrM2mW74dM4t2J8cLkW5dg52G6xvzqqVf6Gv335b2BcW7MbDmJ6-x0C5W3bM=
BRy6gBQgVTMSqP2GXXl4W3YTRNy385KC-W8FCKFv7-lY7-W1Z8_vv610q16N2ytmWHZGmP5W2gv=
Vms7TBTpJW7414bv92lcMmW3cyVT-20jmpkW5zWnH94G-WZ5W21CK8h8Tg6GVVsfKtT3qDKRjW5=
r3NNK4HpvS-W42jC7J3BhggCW3l8Qc-6ZqyrZW3q1Nl13hpDjRW4ML_2H1rRMCKW4cMbws8485b=
WW6q9DV76nm7f2W1mtKVZ5R3TYLW7mtR3t7Mdd7yf580GlM04" style=3D"color:#000000" =
data-hs-link-id=3D"0" data-hs-link-id-v2=3D"TW6Zjem6" target=3D"_blank">Hea=
tmap=E2=80=99s Jael Holzman reported</a> is part of a legal strategy.&nbsp;=
</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">Roughly two hours away, SK Battery America la=
id off nearly 1,000 workers at its factory northeast of Atlanta as automake=
rs cool on electric vehicles. Friday marked the last working day for 958 em=
ployees, according to a federal filing the <a href=3D"https://d2QWfV04.na1.=
hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVm=
xTY5bYhvW50kH_H6lZ3npW2w2NBL1jPDBMW4-Kz_k2mKZZYW89w3Pr6cZtx-W3Kcx9Q9fXb4yW8=
Vf9951wPp0FW3Tp1Dr2-0q2yW8nLNX57V59qpW2G1Mp_2YVS5MW9lHl7T9h-43GW58cfbH3Dywp=
FW1nKFnT3wN6V1W7dGSd47_4dGVVgLNwT3X3yZ2W8ZxzNQ9cSllTW4fZrp-77M54KW6csZbY26q=
fd9W92qJN06BP5-8W4hxLd08pFNd3W3G2pGZ46lG_rW1-qmyS2cwGx4W8fZKSG2jfVSHW1TJstZ=
3kj4d6Vfy4wt658SNBN1VJ_DhxZS_kW2r8Vy_59rgxGN1F668CSysWLW5bdGBd63Xvd3W62t6VQ=
28yrJ4W90JJt286TzFTW3KZZpj3SLMd9W9b5wMG3mLL3cW3MS6Z-1Z2_Jvf11cw4H04" style=
=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"4EM6Sess" ta=
rget=3D"_blank">Associated Press</a> reviewed.&nbsp;</p>
</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. </span><strong>Wave energy=
 startup breaks records in pilot project</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"><div aria-labelledby=3D"primary-D0960F0VALC-1771505317.455249-sen=
der primary-D0960F0VALC-1771505317.455249-message_text primary-D0960F0VALC-=
1771505317.455249-alt_text primary-D0960F0VALC-1771505317.455249-date_time =
primary-D0960F0VALC-1771505317.455249-reaction_count primary-D0960F0VALC-17=
71505317.455249-reply_count primary-D0960F0VALC-1771505317.455249-link_coun=
t primary-D0960F0VALC-1771505317.455249-attachment_count primary-D0960F0VAL=
C-1771505317.455249-has_draft_reply primary-D0960F0VALC-1771505317.455249-p=
inned_state primary-D0960F0VALC-1771505317.455249-edited_state primary-D096=
0F0VALC-1771505317.455249-later_state primary-D0960F0VALC-1771505317.455249=
-broadcast_state primary-D0960F0VALC-1771505317.455249-broadcast_thread_roo=
t_message primary-D0960F0VALC-1771505317.455249-translated_state" aria-sets=
ize=3D"-1" style=3D"line-height:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<p style=3D"line-height:150%">A wave energy startup hoping to harness one o=
f the trickier sources of renewable power just broke a record with its late=
st pilot project. Last month, Eco Wave Power deployed its EWP-EDF One techn=
ology Jaffa Port in Israel. The pilot test lasted nine days last month unde=
r moderate conditions with daily average wave heights between one and two m=
eters. Throughout the test, the project generated about 2,000 kilowatthours=
 of electricity. =E2=80=9CNot only did we continue stable production during=
 moderate wave conditions, but we also experienced the highest waves record=
ed at our site to date,=E2=80=9D Inna Braverman, Eco Wave Power=E2=80=99s c=
hief executive, said in a statement to the trade publication <a href=3D"htt=
ps://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfV=
CvW7CpFKy5LqSY5MVmxVd5nXHCW5BWr2F6lZ3p8W5x0WBm9hgRTQW3bBvgB6Zjg7BW53QgW68WD=
YJmW4BFX9Y67wqHWW8D6CtV4kr11vW7vzfvn2QYz6QW5tKTH67Bmn1MW6n_cCX6m-nSPW7Y4Zyp=
72-5f2W3mpdKK25pMhwW6j6x3t51JqhkN2vGFhRrf73BW87nV6h91Djg_N6SpFgN2FS-hW10Yjl=
x7dHCqGVCVbnq2Hh1W5VD5qt85dW8LwN2fWgMCcX7ZdVDFgCD8yD7VnW6Bbd0j29dmtsW3jwsFz=
5B5BszW7BvXjj96fnt-W20ykz7782LtnW7b9HcL4wnkslW7QkJbR841GcSW9hvGTy6hdpbtN3zV=
rTrNTtQFMCGSRF64m7cW5-LYZw7d9lzYW8K4ZB82bGs5wW61qN-95grtFyW94DcnV99KxZVW35Z=
pcX8JDQZtW88zcdG8_HWfrf4_9VJT04" style=3D"color:#000000" data-hs-link-id=3D=
"0" data-hs-link-id-v2=3D"1g/Ma9yC" target=3D"_blank"><em>Offshore Energy</=
em></a>. =E2=80=9CAchieving record average and peak power production during=
 3-meter wave events provides meaningful validation of our technology=E2=80=
=99s performance potential as we scale toward commercial projects.=E2=80=9D=
</p>
</div>
</div></div></div></td></tr></tbody></table>
</div>
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    <!--[if (mso)|(IE)]></tr></table><![endif]-->
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adding-right:10px">
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th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
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=3D"0" style=3D"width:600px">
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    <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;"=
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e=3D"none" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"vertic=
al-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 #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;">
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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>
  <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=
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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=
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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"><div aria-labelledby=3D"primary-D0960F0VAL=
C-1772455746.018939-sender primary-D0960F0VALC-1772455746.018939-message_te=
xt primary-D0960F0VALC-1772455746.018939-alt_text primary-D0960F0VALC-17724=
55746.018939-date_time primary-D0960F0VALC-1772455746.018939-reaction_count=
 primary-D0960F0VALC-1772455746.018939-reply_count primary-D0960F0VALC-1772=
455746.018939-link_count primary-D0960F0VALC-1772455746.018939-attachment_c=
ount primary-D0960F0VALC-1772455746.018939-has_draft_reply primary-D0960F0V=
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ited_state primary-D0960F0VALC-1772455746.018939-later_state primary-D0960F=
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39-broadcast_thread_root_message primary-D0960F0VALC-1772455746.018939-tran=
slated_state" aria-setsize=3D"-1" style=3D"line-height:150%">
<div data-hsprotectaria-roledescription=3D"message" style=3D"line-height:15=
0%">
<p style=3D"line-height:150%">Scientists discovered a molecular trick used =
by a unique group of plants to convert sunlight into food. <strong>Hornwort=
s are the only known land plant that possesses internal compartments that c=
oncentrate carbon dioxide similarly to algae</strong>. A new study by resea=
rchers at the Boyce Thompson Institute, Cornell University, and the Univers=
ity of Edinburgh suggests that genes from the plants could be used to breed=
 more resistant crops such as wheat. =E2=80=9CThis research shows that natu=
re has already tested solutions we can learn from,=E2=80=9D said Fay-Wei Li=
, a co-author of the study, said in a <a href=3D"https://d2QWfV04.na1.hubsp=
otlinks.com/Ctc/X+113/d2QWfV04/MWBxKZPQ8XJVKZKTm4QfVCvW7CpFKy5LqSY5MVmxWq3q=
n9qW7Y8-PT6lZ3nlW1vv2qT6h8XV_W6Bv43R197bv7N8XR96njrDpFN80W5xWLyj7jVRwxRP1pl=
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G4z994yF8W5D1_w95yQ74sW1G4tn86dYB3GW4ch9wZ2z-fPQf8qC5BF04" style=3D"color:#=
000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"NWHbYGq3" target=3D"_bl=
ank">statement</a>. =E2=80=9COur job is to understand those solutions well =
enough to apply them where they're needed most =E2=80=94 in the crops that =
feed the world.=E2=80=9D</p>
</div>
</div></div></div></td></tr></tbody></table>
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-left:10px; padding-right:10px">
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th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
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e_17394601289042" class=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrap=
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inherit;" data-hs-cos-general-type=3D"widget" data-hs-cos-type=3D"module"><=
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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>
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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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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"><h1 style=3D"margin:0; font-family:Arial, =
sans-serif; font-size:22px; line-height:150%">Opportunities</h1>
<p style=3D"line-height:150%"><span style=3D"font-family: Arial, sans-serif=
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