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On geothermal's billion, ammonia energy, and tidal power

heatmapAM_logo_fullcolor_whitebg (https://d2QWfV04.na1.hubspotlinks.com/Ctc=
/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJGs3pyd0W6N1vHY6l=
Z3nSW54JD66319c6CW839T5N1C51nLW8TJ3Y35h6882W6GnVgF5crC57W1WhqBM8QnjlQW3xCCX=
K7Y92yTW6w8P4X72mG4WW8j-Jx858tjkLW4yjfj_86YZtrW7SS8Ph9b_j1YW1DpyMP6qGjjCW5h=
wxq-3tvZ5wW5l_dJs1dcBHyW7BnCf57Vhss0W1rYmXy75LmTZW9g5wHZ3bGrT2VBSvcf6mY_TCW=
5f-3BZ8ng01yN5tz7dQlLcmQW3J4W3r87CcXfW4w0sSG2L1NTKN80gk98nn1cpf3-wScY04 )

ALEXANDER C. KAUFMAN =E2=80=A2 MARCH 19, 2026

Current conditions: The heat dome in the Southwest is so widespread that 70=
 million people are experiencing temperatures that bump up against records =
for this time of year =E2=80=A2 A Hawaii-linked atmospheric river known as =
the Pineapple Express is poised to deluge the Pacific Northwest with rain =
=E2=80=A2 A moderate geomagnetic storm alert is in effect due to coronal ma=
ss ejections, bursts of plasma and magnetic fields from the Sun that cause =
disruptions to satellites, radio signals, and GPS.

THE TOP FIVE

1. Projectile lands near Iranian nuclear power plant

Fishermen near the Bushehr Nuclear Power Plant. Photo: Morteza Nikoubazl/Nu=
rPhoto via Getty Images

Once again, war has come uncomfortably close to a civilian nuclear power st=
ation. But on Wednesday, the International Atomic Energy Agency warned (htt=
ps://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2x=
wLTmW1c61D75LRfqZN3NdJFz5n4LbW50kH_H6lZ3lJW4XvMbs6Yx88QVd64X12b4s-jW1Pz2jN2=
gTCTDW91J_d57_MqbbW6knfMD1RRPLWW8HmGg_6jW8dhW3Vxn778JhlcrW1Kccxf3zyY1qW7G4F=
dp4B81Z1W5PJ4zZ4PPV3VW1q25pC7ZR50sW8dnQnY3m8V-5W3Z2lPm4qQRK3W1hl8rX4WWw8jVQ=
b-vx6pKt-jW5QbqSj6xmtt0W7qYQZn5v55pxW358-T42MD_zGW5T_pzd3kD4T0W4Bpkcr7SkWRf=
W6nqcTY5xy4WnW3vPpwv7pPn4CW2sdQ7z1Q5_fxW8RZ_pp6f20-3W5d4Ff-7xbHmFW5K95t86BB=
q9JVhfWWc56btfZW2r6tlX8D2zJjW5Pb9hL52BHkmVBfvgt1QVNqMW5TC-Dh1GmqjLW5XHQqR5Q=
gdbVf29WZ6004 ) that a missile landed roughly three football fields away fr=
om Iran=E2=80=99s Bushehr Nuclear Power Plant. Located on a peninula juttin=
g into the Perisan Gulf, the single-unit station =E2=80=94 built with a Rus=
sian reactor that came online south of Tehran in 2013 =E2=80=94 is Iran's f=
irst and only active nuclear station. =E2=80=9CAlthough there was no damage=
 to the reactor itself nor injuries to staff, any attack at or near nuclear=
 power plants violates the seven indispensable pillars related to ensuring =
nuclear safety and security during an armed conflict and should never take =
place,=E2=80=9D Rafael Mariano Grossi, the IAEA=E2=80=99s director general,=
 said in a statement. The Zaporizhzhia nuclear plant in eastern Ukraine sim=
ilarly became a scene of intense combat during the early days of the Russia=
n invasion. Grossi visited the front lines at the time and helped oversee t=
he safe shutdown of Europe=E2=80=99s largest nuclear power plant. It=E2=80=
=99s sitting idle today, still under Russian occupation.

The price of oil and natural gas, meanwhile, soared on Thursday as Iran lau=
nched drone attacks (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV=
04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJHF3pyd0W95jsWP6lZ3kzW3j8Qsf8l=
SdhXW7tbyMG16K8V9W5gDpyg504sH2W86JQ699fvBRsW6mP3s05pJxNYW6DmRv519mRnmW4zdmp=
k7H8PGlW18CyWc5xxvtsW50JQ696kBFgqW9jlcGw4CmckpW1MY1Hz6-QHNdW4r8TSC1kryWmW7T=
2WZ-6X0GQQW1LbhB-6RQtCdW1plvhf7SBgx5W7hKL2D5fJRYfW78_56R7cNbJpW4LMb0G55Msn3=
W8nqPZ56GWflxN6fqYNBdQGNMW85-6Lk8Qc_nhW5yD1h82b4kR5MxqjYCslyR6W8byKd99bT5F_=
W5Cz9nT3dc9P1W20D51J4NSLXCW2Xjlwg75nJT_W3T1_p01-663FW4JSM5R3xd8RxW4nc87T2ZL=
c5mf5QCB1z04 ) on energy facilities in Kuwait, Saudi Arabia, and the United=
 Arab Emirates. President Donald Trump said Wednesday night that he had war=
ned Israel to end attacks on Iran=E2=80=99s South Pars gas field. But if Te=
hran =E2=80=9Cunwisely=E2=80=9D decided to attack Qatar, the U.S. will =E2=
=80=9Cmassively blow up the entirety of the South Pars Gas Field at a momen=
t of strength and power that Iran has never seen or witnessed before.=E2=80=
=9D In a post (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVX=
Wdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJH23pyd0W7Y8-PT6lZ3n_W3mwzz633q9f1W3=
t5Mmf17hyt9W8_PQ2h4lN8CVW3MhVMS8PvPzsW3ms1P_4nXrsxD8Fj7g4jmRW4xdgsD4h1JZbW2=
Lnk_s7kW6QTW6Bt3B56G76CjW87Qj_66w2vs7W3Zj7Qx8fnLLkW8TYMCh5qjLlkVgnmdd483RNM=
W2_B9Zs2bR29LW31GTLz5cKnwPW2tBDLM4YzNHrW3QN9Z83MgxzwW8RZ7hN28DwlWW1LJpz85nW=
5H8W8Cr6X37SpbCSW3dtw445ZHntgW4JKvPV4hmzs1W5gS3J04yChLsW7m8z6C2M_yl9W3YhF2t=
6TQfGJW51pN8Z7mZsK8f69mMwq04 ) on X, Emma Ashford, a senior fellow at the S=
timson Center, warned: =E2=80=9CWe=E2=80=99re now getting into the tail-end=
 scenarios that usually only merit a sentence at the end of a paper, they=
=E2=80=99re so unlikely and disastrous.=E2=80=9D

2. Chinese automakers are preparing for a rapid North American rollout

In January, Canada reversed years of trade policies to protect its shared a=
utomotive industry with the United States from fast-rising Chinese competit=
ors, slashing tariffs to start phasing in imports. To start, Politico (http=
s://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xw=
LTmW1c61D75LRfqZN3NdJHl3cyRWW8wLKSR6lZ3kGW4gR8Hw48MZhbW17w0XN6cJx1BW4hKSPL4=
J1LyCW6qzXlq88Kd5LW3HTtCj3PdPHdW1yyc4z409GHlW5J35-w55fK08W6xhPss8CxxHgW1qkJ=
z6884zzKW2b_DBb775yWlW3syJyZ6RLcWwW6MdKhW6xqsrfW3XmhV04Hy0wPW6F-tyl5JzfrWW3=
pxJKH2rB05qW1FGXPW5mvmgFW5C4ycz67CPnrW4PJGNf8YbrLTVkvl0M4Fp5WYW58_YdT3LBnjq=
W49h-Qr28GhlGW4t9Ypj7RJ488W1Bsj5N91ZzQpW6NQr3_2qZzMgW8N3hc_8BcLpvW6tsl0Q3Z7=
G3yW3VXD8J6V39ptW6tSK975sSmMSf4hNn4j04 ) reported, Chinese companies can im=
port 49,000 vehicles each year at a tariff rate of 6%. Over five years, ann=
ual imports could grow to 70,000 vehicles. At least three Chinese automaker=
s are laying the groundwork to enter the Canadian market as soon as this ye=
ar, according to an Automotive News (https://d2QWfV04.na1.hubspotlinks.com/=
Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJHF3pyd0W95jsW=
P6lZ3nJW3rpkPR31mnBZW7PSYpg6G2pwDVJ7tNd49-HNPW1Ggjny5RptfKW59R5BC4Gx_NwF9fm=
pDtc0nNN685wGPs9G61W8nrrx_7fXwgnVWB4X35WgT1KW9k4GVW6J2J4zW2PGt1M532_FJW6k3D=
KB77nLW6W1f3-Q82BGFM-N9795NKQg6CvW6tdJhL73f8mwW47TGlT294rZ_W8_g1Jj1D3Sb9W3t=
Kl2X8NlQSpW57LNJy1TDH8dM9mRnPFVrmQF1PlBC3Xl5dW59W9D45Gq66FW6Ps_262JlJKzW80c=
dW12BmVVXVxXD1J3vyMwXW79t7952QtB-NTTyr83gCLswW8dTjMp1k6Y2PW6s701f5BclvWN89t=
wcmCRfrnf4V-Ggj04 ) report this month citing an advisory firm brokering dis=
cussions between Chinese manufacturers and Canadian car dealers.

Chinese electric vehicles are booming across the world in part due to the e=
normous scale at which the companies can deploy their technologies. =E2=80=
=9CBYD is really a great example of that. They invest so much in R&D that i=
t=E2=80=99s really hard to compete with them on some of these things,=E2=80=
=9D Ilaria Mazzocco, the deputy director and senior fellow with the Trustee=
 Chair in Chinese Business and Economics at the Center for Strategic and In=
ternational Studies, told Heatmap=E2=80=99s Robinson Meyer (https://d2QWfV0=
4.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75=
LRfqZN3NdJH23pyd0W7Y8-PT6lZ3mJW4kFf4H4r52jFW4TG0xj8zKt1LW7DBxHl1qJppFW3jHrV=
y514NQGN3cdGK9rT4-cW6yqytg1j2khDW1rT6Jy8zgvr7W6dd_Zb6wq4VdN2dnSG9X5lP0W486y=
P17j2Nt3W65w09p4pfL_YW8cGkhS5jCX6ZW5cDKVC47q8GLW1-tMDz8TRbFjW3tgC1X51s2rbW4=
fs--L99hMDCW2qh74h6Q5RTCW3ZrSRP2G747MW8Cg5_S3LJNZbW52dwfN36hFRdW5C0ZB71jZmK=
BW3bPyQt628DdHW8TCj_b3t2qZvW3WbH5y2NyD-GVYVlHc7bjcl4W7N-h-765ZXbzf1SsphY04 =
) on an episode of Shift Key in December.

3. Ormat and Fervo raise a combined $1.3 billion

Ormat Technologies is, to put it in the parlance of today=E2=80=99s youth, =
the =E2=80=9Cunc (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/=
VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFz5n4LbW50kH_H6lZ3lyW5g-_Mm2BJ3_=
bW2fYl9m6YsSxfN4fxVSCG22JWN4n481vr8TNGW4_6g0q9377_xW7H6SyD5qhtCVN7hzmnwrstD=
2Vp-L5R4gf5qvVGXths8cQ9_yV2QtDt4sHxNMW292gWq5jBv6BN6S_-ZKNWYNZW1NJYfH6Ww7B1=
W3Zb6nR7_WfVzW4HgGwK2tCXVTW5yGpJV4VBZWDW5fh7vK1v99kpW3TY2cq3_TzZbW3z6Y-g27-=
ygTW8cGKT63sXGP-W8C5Gf47RgDt8W3Fx8cJ7-Zn--W33BvXw498MDXF7ChYKW2pJ6VPyMn54MV=
QtHW3rCKvk3f74JhW2BDD0K1X2JNZW48zd5h6SfRMFW5-J15l8dW0hxW1hJxfq7jDRGGF5jZzb1=
7pc3VlP92m3gG-Ylf6mQDvM04 ) =E2=80=9D of geothermal, a seasoned player that=
=E2=80=99s been around for far longer than the upstarts but has found ways =
to vibe (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WK=
DLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFz5n4LbW50kH_H6lZ3mbN3mPJ4JqYL-fW8rDyqF8_=
Vj75W8P48hM3_HvdKW35Hg346fKn1MW5y2VpB2Zz0YSW43gCXy2PwXzZW8Kl2Kb8z5pvXW2qNMB=
r7z0MqhW3bX5nv53rBWnW272qvS8K76kGW5V-T-D4sJ_sPW2XVz4S8QQD-tW92lgv31YKvZZW35=
73QL8KQymFW7l_jCc8srtJ2W20n5mq1B1Xy5VScM347s5wszN2SBsz6w1cCzW8hQpP11LzP7TW4=
8vm1X8DlMX7W7P1lW54QGnHFN4WfH-NLzgb5W75jCht1qWSh-W93H1XV7S4cgwW1lPfM64Z1HSs=
W6LHbKT1FTghnW7xS46c3R1shbN8hxhvwFm0-MW4NQp9z1QVcGtVvxVSN1LlbMNN412Z9FWj9Gy=
N3Z4R1XTGvDYf3PQ-fP04 ) with the new entrants to its industry. But as inter=
est heats up (forgive the pun) in geothermal, the Nevada-based subsidiary o=
f an Israeli company is raising money to invest in an expansion. On Wednesd=
ay, the company pulled in (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/=
d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFT7lFdnW5BWSxg6lZ3ntW3m=
LwSw3RZYjzN1lcx5Xgg1rMW3nlhYb31yqqyW5nBWfb1BS3p2VX9sPZ9fRm7mN66zbgF_2lK5W58=
P3md87nvgRW7FFlxs6tlHnvN1qHkkjKyd7GW8zg_tk432snxW86x1Nx378g6vN4-QSWg4WTzbW2=
Fl6Kr1hqDBQW8CT4zG3hX1XzN59j9Pw7HXHmN4L0J2TlHqxfVdSqp69lrgvmN1jFWnfcfpnBVFY=
B9Y99md6VN7qw40X9M-K_VXfY4N1PhkdcW9cLKF74xFnHZN6dgFSx3FzgSN7VPDY0qBvN8N1gyx=
p38dR29VCZ4wf5dD5NSW7SgxrG5sS6MmW7Yc99N6GR6D9W9gXcW58xGZ53W71fMVd2My1wQW2Xd=
7HR2DXPp_W1NKhC86nRcvtW23dhVZ3gdDV7W5pvsyp56K4PBW75qJXY2WD7bkN2d1KwxQxDgxW1=
BYH1G2FRVj5W5zqn681j-3XxN4qBn8l_ZtWjW3yCHbv4RR9BZW3lWqx330mcZZW1zg97w8h7VpF=
W8kwn9t2mFDMKW794R7Z3vMXrvW1nn_mF3jnRbhW5c53rN5wvgx5W4xVl8s7Dnl-pW8Xc3P65fg=
F2-W578hwY13BrZhW97nHmf3Zgtr8f5VfjT404 ) $875 million in its latest fundrai=
se as investors piled onto what was originally announced as a $750 million =
transaction. While much of the hype around geothermal has focused on next-g=
eneration companies that promise to expand the reach of the energy source b=
y tapping into dry hot rocks, conventional resources =E2=80=94 underground =
hydrothermal reservoirs that can be drilled into =E2=80=94 are generating m=
ore excitement as investors look to deploy new sources of clean power as qu=
ickly as possible to meet surging electricity demand. (Read the 101 explain=
er Heatmap=E2=80=99s Matthew Zeitlin (https://d2QWfV04.na1.hubspotlinks.com=
/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJH23pyd0W7Y8-=
PT6lZ3mKVLxMBW2rLfXPW6WKr6C17K7CFW76hPqn6v-L92W8Jr5jd12r2VlW3hDncM778mKvW8C=
MMph6H8jlMVqDXDN6sbCLwN38M3vjkLB4zW55vKRd9c3dnSN1n-bwRlFXJWW7CrFSL7d0ZWDW4H=
-90G3ZQkRxN1-kvXdjkSJzW4-8fHm16TqZhW4rMwrR4wVyCLW2wM7ZY6xT8kLW2-Dv4q9kNhWRW=
8zpRqC6ttTG6W3gmxvN5LlxNZN4hsF_--5Yf2W3lRppv85WY7WW6-j_Ny5Qvb7yW4D0kNz8Spy-=
bW6brvNt39DJFpW42Pmz865LHDsW98hkql3yXx35f4kBcWx04 ) wrote on different form=
s of geothermal power last year.) =E2=80=9CRather than being treated purely=
 as a niche renewable segment, geothermal is increasingly positioned as: A =
source of firm, dispatchable power, a complement to variable renewables, an=
d a potential solution for growing electricity demand, including from data =
centers,=E2=80=9D Alexander Richter, the founder of the geothermal trade pu=
blication ThinkGeoEnergy (https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d=
2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJHF3pyd0W95jsWP6lZ3lBW6ZW=
Lfy8Sk7NvW4jlNnP1rGHQ8W989SfD72Jxf_N1YMV9JFDY5WW9lhttK86Ls70W7vRvsg6J827DW6=
wvzBC5Bl5CCW8pdfp57Ktc7wW3JJB_Q575bgzW1q0d-k4crgydVgj3C97SDM89W5W9T0W5GjgyR=
W1Ljrh53877bCVq23GD5LkSjLW626nGp5GzB6gW253Qp94NTD5SW1vsBXC3_dWflVT1MRR78tkH=
yW77wfHM6B_PwlW16VWbX1299YYW5_FSSk4N5ZzwW6WTKrJ8srWq2W6J91LC3bxV1vV-d7QG3gQ=
Tw6W1-bJWV9b7Sz8W1LKvDg50kmqsW2N5SyB4MtJMTW3dgf_T8V0xHjVg-dPz5Kqm6NW2_fzyJ2=
Hp23qf5Vq5yg04 ) , wrote on Wednesday. =E2=80=9CAt the same time, the Ormat=
 transaction highlights that capital is flowing first to de-risked, scalabl=
e platforms, rather than uniformly across the sector.=E2=80=9D

That doesn=E2=80=99t mean the darling of next-generation geothermal, Housto=
n-based Fervo Energy, isn=E2=80=99t still the industry=E2=80=99s big magnet=
 for investment. On Thursday, the company announced the close of a $421 mil=
lion round of non-recourse debt financing to fund the first phase of its fl=
agship Cape Station power plant. Non-recourse financing is a deal structure=
 in which lenders rely entirely upon cash flow from the project to pay back=
 the money used to build it, shielding investors from liability if somethin=
g goes wrong. =E2=80=9CNon-recourse financing has historically been conside=
red out of reach for first-of-a-kind projects,=E2=80=9D David Ulrey, Fervo =
Energy=E2=80=99s chief financial officer, said in a statement. =E2=80=9CCap=
e Station disrupts that narrative.=E2=80=9D The project in Beaver County, U=
tah, is set to deliver its first power to the grid later this year, and rea=
ch 100 megawatts of operating capacity in early 2027.

4. Trump=E2=80=99s Homeland Security nominee vows to reverse Kristi Noem=E2=
=80=99s FEMA policies

Oklahoma Senator Markwayne Mullin, the Republican President Donald Trump no=
minated to lead the Department of Homeland Security, said he would =E2=80=
=9Cabsolutely=E2=80=9D repeal a policy the agency=E2=80=99s outgoing chief,=
 Kristi Noem, adopted to throttle the Federal Emergency Management Agency. =
Since June, Noem has required that her office approve any contracts or gran=
ts of $100,000 or over, creating what The New York Times (https://d2QWfV04.=
na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LR=
fqZN3NdJHl3pyd0W8wLKSR6lZ3lfVpBnty5S1xWyN4f4mKjrP0_kN5R3Nbv1N56tW3q9xN75DBX=
05W4H11gc3F3KQbN914M9Cnn_1KW7f8Xgd5V7sCfW5ZCnR16B-GYJW4xJDYw1Bl5tYW3QWFmc9b=
s3qgW5F7QPH3PZtrFW5cV06m407sXbW4j5nT02l5T25W5dNrdK6MBWSgW84nFzL7M35BQW4PLWq=
R5dBy01W882zYT23s6wjW8yWyzM8LlDX0N8VPrQ86314_W5mSwcB3GQ9BXW6L3-Yt6L1YJdW8gB=
-0C4qRxp7W14lp8G2lHf8NW2HHD-q22zHWbN4MK-f7xX9fqW6fZp-Z8Zps_6W6b87JZ8V6t-nW5=
3Dbzr40sdQwf69f75T04 ) called =E2=80=9Csignificant delays and uncertainty f=
or disaster-struck states and communities waiting for recovery assistance.=
=E2=80=9D The policy delayed FEMA projects by at least three weeks, accordi=
ng to an investigation Senate Democrats released this month. =E2=80=9CThat=
=E2=80=99s called micromanaging,=E2=80=9D Mullin said at a confirmation hea=
ring on Capitol Hill. =E2=80=9CI=E2=80=99m not a micromanager.=E2=80=9D

5. GE Vernova conducts the world=E2=80=99s first test of powering a gas tur=
bine with ammonia

What will become of all the gas turbines deployed today if ever there is a =
meaningful penalty in our economy for emitting planet-heating pollution? Fo=
r a long time, developers have promised to eventually swap fossil gas for g=
reen hydrogen, which remains expensive today. But many models require at le=
ast some hardware tweaks to switch between fuels. That=E2=80=99s what makes=
 this latest news from U.S. energy giant GE Vernova and the Japanese firm I=
HI so interesting. The two companies announced the world=E2=80=99s first su=
ccessful demonstration of 100% ammonia combustion in an industrial-scale F-=
class gas turbine. Low-free ammonia can be produced by combining green hydr=
ogen with nitrogen. Hydrogen Insight (https://d2QWfV04.na1.hubspotlinks.com=
/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJG85n4LbW69t9=
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H1zGfrfN7jBSzlsB82wf8JTcVP04 ) reported that GE and IHI plan to deploy the =
technology commercially by 2030.

THE KICKER

Tidal power is geographically limited. But unlike other sources of renewabl=
e power, it=E2=80=99s predictable and could, proponents say (https://d2QWfV=
04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D7=
5LRfqZN3NdJHl3pyd0W8wLKSR6lZ3mtW77bn8k8S-W85N6bXf6CfDrZ1W7GPrVV8JcKKLW1kX8x=
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ccW6TQNKv1_ZnPzf6gq9bW04 ) , play a role in balancing the grid. In the Faro=
e Islands, the tidal energy developer Minesto has started pumping electrici=
ty from its 100-kilowatt microgrid-scale power generation onto the Faroese =
grid. The Swedish firm told Offshore Energy (https://d2QWfV04.na1.hubspotli=
nks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFT5n4=
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f3N-pyz04 ) operations will continue through spring and summer in the auton=
omous Danish island territory.

Opportunities

Group & Gift Subscriptions

Interested in discounted group subscriptions for your company, university, =
or organization? Visit this link (https://d2QWfV04.na1.hubspotlinks.com/Ctc=
/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJGM3pyd0W7lCdLW6l=
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R6C711VdyWDf3-TF4W04 ) to inquire and equip your teams with world-class cli=
mate and energy intelligence.

Upcoming Events

We=E2=80=99re bringing Heatmap House (https://d2QWfV04.na1.hubspotlinks.com=
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=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=
=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=
=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=
=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=
=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=
=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=
=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD &nbsp;
</div>
   =20
<!--[if gte mso 9]>
<v:background xmlns:v=3D"urn:schemas-microsoft-com:vml" fill=3D"t">
    <v:fill type=3D"tile" size=3D"100%,100%" color=3D"#ffffff"/>
</v:background>
<![endif]-->
    <div class=3D"hse-body-background" lang=3D"en" style=3D"background-colo=
r:#e6e6e6" bgcolor=3D"#e6e6e6">
      <table role=3D"presentation" class=3D"hse-body-wrapper-table" cellpad=
ding=3D"0" cellspacing=3D"0" style=3D"margin:0; padding:0; width:100% !impo=
rtant; min-width:320px !important; height:100% !important" width=3D"100%" h=
eight=3D"100%">
        <tbody><tr>
          <td class=3D"hse-body-wrapper-td" valign=3D"top" style=3D"font-fa=
mily:'Times New Roman', Times, serif; font-size:22px; color:#000000; word-b=
reak:break-word; padding-top:20px; padding-bottom:20px">
            <div id=3D"hs_cos_wrapper_main" class=3D"hs_cos_wrapper hs_cos_=
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=
">
   =20
   =20
      <div class=3D"hse-column-container" style=3D"min-width:280px; max-wid=
th:600px; margin:0 auto; background-color:#ffffff; padding-top:30px" bgcolo=
r=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-top:30px;">
<![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"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">
  <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">
        <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04=
/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJGs3qn9qW6N1vHY6lZ3n8VlC_h08wwXp=
YW1c7V_L3TMzCSW8YJz0X2vbQrKW5yyYjv8b75FtW6Kxv6Y2qt2QPW2F3Tqz8nNYhkW6wnwds6D=
1cyGW8DfGdF2tvvzWV_50np4tzRLWW1Zl94g6XpjFnW3GlHYb5xgCJcW2VgFQ62M2FTqW5pNr07=
3dgpZtW1-0YQT5k_gpcW3wZ_Vm1smHQ0W27q01X4jPXv6W2LCz275BP7RLN1wqKWVf9h4TVRNYj=
54B7sKpW6zyw0-932dXMW1-NpTn8VL7tpVwtnll3h2fwdf91JTgR04" target=3D"_blank" s=
tyle=3D"color:#00a4bd" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"l+cg9goY=
">
        <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>
</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-1" 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:#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 MARCH 19,&=
nbsp;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;">The heat dome in the Southwest is so widespread that 70 million people=
 are experiencing temperatures that bump up against records for this time o=
f year =E2=80=A2 A Hawaii-linked atmospheric river known as the Pineapple E=
xpress is poised to deluge the Pacific Northwest with rain =E2=80=A2 A mode=
rate geomagnetic storm alert is in effect due to coronal mass ejections, bu=
rsts of plasma and magnetic fields from the Sun that cause disruptions to s=
atellites, radio signals, and GPS. </span></em></span></span></p></div></di=
v></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
   =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; 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>Projectile lands=
 near Iranian nuclear power plant</strong></p></div></div></td></tr></tbody=
></table>
<div id=3D"hs_cos_wrapper_module_17738894189941" 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"GettyImages-2150706184" src=3D"https://hs-23917781.f.hu=
bspotemail.net/hub/23917781/hubfs/GettyImages-2150706184.jpg?width=3D1120&a=
mp;upscale=3Dtrue&amp;name=3DGettyImages-2150706184.jpg" style=3D"outline:n=
one; text-decoration:none; max-width:100%; font-size:16px" width=3D"560" al=
ign=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">Fishermen near the Bushehr Nuclear Po=
wer Plant.&nbsp;Photo: Morteza Nikoubazl/NurPhoto via Getty Images</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=
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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%">Once again, war has come uncomfortably close =
to a civilian nuclear power station.&nbsp;But on Wednesday, the Internation=
al Atomic Energy Agency <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ct=
c/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFT5nXHCW5BWr2F6=
lZ3nRW9cCKy_3PDRdJW7b-h-03ckWbtW4FDKHx1tgF8DW6h8Xbz1gnwGJW8LpXpw7k8y1mW65M-=
1f6CtQ-6W1k_SV-6h3x4sW2xj9dT3X3MyRW1-qK1y8-2QxPW1lWkhN7PQx-nVKFkhQ30sdN4W6-=
Q0K-87qbyXW8jV8K619nbsvW3qDmlh5K9NN0W5kR8Ns41DsrYW2sx7HS4KpXFbW8ttb0V68Bp2z=
W17wSh-2SYmMZW5WS6X61CbVb8W6m6zbB1hVytrW8y51bp11XT0lW6zG_f95vvyhyW1q9xlh1r3=
8HlW2kGspk26Ytb8W95Jrfq6lsXQTW42BgVJ5Xq-CpW7jmv_w4YfZjxW99FrLs1-3qD_W6FMp2N=
5yKphrW57FtzB4kSlL-W7f32BH8m-b3VW1cwH9j6bh_syW6kM6c92SpR0GW4Fh_yQ79WCt0f6kh=
6Pn04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"=
HgGnG2DS" target=3D"_blank">warned</a> that a missile landed roughly three =
football fields away from Iran=E2=80=99s Bushehr Nuclear Power Plant. Locat=
ed on a peninula jutting into the Perisan Gulf, the single-unit station =E2=
=80=94 built with a Russian reactor that came online south of Tehran in 201=
3 =E2=80=94 is Iran's first and only active nuclear station. =E2=80=9CAltho=
ugh there was no damage to the reactor itself nor injuries to staff, any at=
tack at or near nuclear power plants violates the seven indispensable pilla=
rs related to ensuring nuclear safety and security during an armed conflict=
 and should never take place,=E2=80=9D Rafael Mariano Grossi, the IAEA=E2=
=80=99s director general, said in a statement. The Zaporizhzhia nuclear pla=
nt in eastern Ukraine similarly became a scene of intense combat during the=
 early days of the Russian invasion. Grossi visited the front lines at the =
time and helped oversee the safe shutdown of Europe=E2=80=99s largest nucle=
ar power plant. It=E2=80=99s sitting idle today, still under Russian occupa=
tion.&nbsp;<br><br></p>
<p style=3D"line-height:150%">The price of oil and natural gas, meanwhile, =
soared on Thursday as Iran <a href=3D"https://d2QWfV04.na1.hubspotlinks.com=
/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFz5nXHCW50kH=
_H6lZ3pcW53svJ214C5xzN8Gb8c6MjkX4VPf6Rk2B_QB6W3phpRR93CvcNW2nydGW5zGVpnN7XX=
Cn7QkCCSW4xWdZB2Gl8M7W8L4j1_7NVK9-VhpLqH3tw3qmW8qfws83klxRDW6TxTsc3Gn4CjW7Y=
ZdM22VMGR0W8_mQd74KdNQ3W86krWG1rvTVtV6-sxS4mdqD2W6SHmZv2pxTgbW910Rf86cH3DpW=
2k-d9F1l6jWdW36_0--753fjmW8NJpMg6rnTnQW8Q8mSb7QcDfYW5nlYHY591Dk3W831Byk2fWf=
z5W7yNgsQ4qYKNbW9gZ4z0915BFhW6gZf4p1lJ-zNV-RJB77DX0WnW1qXQ748vlpynW4hS4Q_59=
2DHcW8jcs5w8flzXfW3zJv-X3TmWCgN4lZ-QVmQV_5f6bDSp604" rel=3D"noopener" style=
=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"pmgTewFD" ta=
rget=3D"_blank">launched drone attacks</a> on energy facilities in Kuwait, =
Saudi Arabia, and the United Arab Emirates. President Donald Trump said Wed=
nesday night that he had warned Israel to end attacks on Iran=E2=80=99s Sou=
th Pars gas field. But if Tehran =E2=80=9Cunwisely=E2=80=9D decided to atta=
ck Qatar, the U.S. will =E2=80=9Cmassively blow up the entirety of the Sout=
h Pars Gas Field at a moment of strength and power that Iran has never seen=
 or witnessed before.=E2=80=9D In a <a href=3D"https://d2QWfV04.na1.hubspot=
links.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJH23=
qn9qW7Y8-PT6lZ3k-W5mfcTG2Jpz3JW3zdXFp1H1p-CW5X8zg83vMhMWVDjmch8Rf_ChW75CjLm=
1J2ZLpW8WkMrb2PdJGLV1Dnkl4kGL9cW5MrSsF680mjxW3fzqs86vYtY8VhxK7r5z89ztW3wY8x=
b3GQZ1mN5RBmNJ-RXKgW8t8bZD8NrlhRN3F3XhPY0P7dW6WC2rj8rXWj1W8R_m2j4ML-DCW38c1=
kF1JQ4qfW69TcZ322vlBXW2jSWVH10r42PW5ml6Xv5BLJF5VPP4JV84QPrFW6XQvy712CZJfW8M=
0kGk7ycDmzW2CJhcG9j11PRW6BBmNX4wcdmQN1kWQZ-JY3j1f6YDDq004" rel=3D"noopener"=
 style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"FxntSG=
aW" target=3D"_blank">post</a> on X, Emma Ashford, a senior fellow at the S=
timson Center, warned: =E2=80=9CWe=E2=80=99re now getting into the tail-end=
 scenarios that usually only merit a sentence at the end of a paper, they=
=E2=80=99re so unlikely and disastrous.=E2=80=9D</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;">2.&nbsp;</span><strong>Chines=
e automakers are preparing for a rapid North American rollout</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%">In January, =
Canada reversed years of trade policies to protect its shared automotive in=
dustry with the United States from fast-rising Chinese competitors, slashin=
g tariffs to start phasing in imports. To start, <a href=3D"https://d2QWfV0=
4.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75=
LRfqZN3NdJHF3dnPjW95jsWP6lZ3n5W2psQZR8vMpmWW1VSY597ST7JPW4TmGP33y_HptW18VGk=
n4Tcpw7W2gypSh6TmYTQV_bjyt8h1G_ZW63c0tn6qd0JKVHZr354Hk9X7W43Sm0p2Ry5BqW2STr=
Tm6llW7cW7rxwF_1r0lVFW4gbbcQ5lgqCYW7GKZx186cdHpW1yJ1Lh6x3-QlW4h2QQ58rLFDjW7=
KdfPd9jk2WSW4Kl4978SKHsLW5Lw0H12N_QHVW4GqLp038d0jsW8j3CK45hk_8KW6lD_QQ4BTph=
CW3734W33v7fxVVgC34f3m3-SfW2_0KsH5kGFWNW7VHmKv79RYxcVd6F1H6Q_23LVNlDPQ5jQbG=
VW5CWXCM1-T3n_W1LTsCg6WKNvqVsVV9W1cZJfxf1v8F9l04" style=3D"color:#000000" d=
ata-hs-link-id=3D"0" data-hs-link-id-v2=3D"XgzkjK+P" target=3D"_blank"><em>=
Politico</em></a> reported, Chinese companies can import 49,000 vehicles ea=
ch year at a tariff rate of 6%. Over five years, annual imports could grow =
to 70,000 vehicles. At least three Chinese automakers are laying the ground=
work to enter the Canadian market as soon as this year, according to an <a =
href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKD=
LZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFz5nXHCW50kH_H6lZ3lkW52VSdL1Hj5t6W3wBg3C3M=
KPgXW7WTmyh6Dsfv3W84bgzt763Lz4W185nCd315ghJW7-22xT6jHjvKN4N5gH7nh6fMN30xfVQ=
5_YY9W3HdHwy7TdrGjVLTGnl87btdxW5FkglK1NS62TN152xlppNlCFN52swpVNx--WW17ZXCW9=
khwHsW5MrtD-2kb0qKN3vp5S59FJN9W7s7X-J2hvz0LW2HlK6f5Vhh6-W4GbDLY7TkNTHW1tHhk=
Z29p7NSW9lndfQ5kqpD4W6wT4mx81NLtBV2FW_M4jBQ71VRtT-P3bdZgvW1HzhyK1PGS7zW7jpX=
3G6cLwpwW3FYrgm4FbclwW1jdZXJ8R-fJJV_FQCP7KHRdxW6hJLwS5SWKkgVKzTPZ2_wHf_W67r=
ZtM34tVThf6lhQLY04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-l=
ink-id-v2=3D"rTV3WN56" target=3D"_blank"><em>Automotive News</em></a> repor=
t this month citing an advisory firm brokering discussions between Chinese =
manufacturers and Canadian car dealers.&nbsp;</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">Chinese electric vehicles are booming across =
the world in part due to the enormous scale at which the companies can depl=
oy their technologies. =E2=80=9CBYD is really a great example of that. They=
 invest so much in R&amp;D that it=E2=80=99s really hard to compete with th=
em on some of these things,=E2=80=9D Ilaria Mazzocco, the deputy director a=
nd senior fellow with the Trustee Chair in Chinese Business and Economics a=
t the Center for Strategic and International Studies, <a href=3D"https://d2=
QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c=
61D75LRfqZN3NdJHl3qn9qW8wLKSR6lZ3mFN3pRkJLX0jFDW2H80kt2gHG86W2gpFjK8fSgX8W2=
6DvcN1wvly5VdgGHJ5Tk90FW6f8-jX6bCP73W77pGz57crkMQW8x6V-D45mCp5N2gGp0pHnVMdW=
3Rnh6h6XxBbVW6vYHvL2MTMV0VRZm6f2KJ9lpW2JtBW5283ZrgTKV-x3Z-FfjN1CzwNljWlfRW4=
jRqcy7qTZVcW2V70x_4zpRS9W38zRZf4l6MGXW19fXvm6mB9s4W3jMVNd3yMt46W2ZCVSp6Ph0k=
8W66Dkmp2B6zHWW3XqwLF2jYx4bW7H2l8Z20dsLYW1R1DSq7ZRz8KW8tl1XD45BtdwW1hZcpW70=
X_NlW28Xnnf830mwVf7XLP_l04" style=3D"color:#000000" data-hs-link-id=3D"0" d=
ata-hs-link-id-v2=3D"YcS/55Xr" target=3D"_blank">told Heatmap=E2=80=99s Rob=
inson Meyer</a> on an episode of Shift Key in December.</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">3. <strong>Ormat and Fervo raise a combined $1.3 billion</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%">Ormat Technologies is, to put it in=
 the parlance of today=E2=80=99s youth, the =E2=80=9C<a href=3D"https://d2Q=
WfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c6=
1D75LRfqZN3NdJFz5nXHCW50kH_H6lZ3nFW3QNkS27RJPfkVWf3-p2NGFfvW4V4RxF46_rx3V76=
0gv1v3-86W2GBGvg95LRx4W3gySgQ2-9jjPW8z5-4028N7m0W21nlQc23dfF4W8SjwBH7G9GdkN=
4svS17Tj4nLW3DXZsW9kC6llW4sL7r44SLVJHW448H0c7Sd-98W1N5gRn6BqnbfW3ZdgWP8-GcR=
_W78BFzb6g_pxSW72HScg2v1MFPW4WnrdZ3vk90HW1mY55h6tc8fSVygzKC4mxxbmW7MJyDH7nJ=
7TdW83pwKc86KtmyW4pYTdC7X9Cc7W1P2Tvn9681T1V3l-q87Pn8PXVVk45K25sWs9W2WZFv86x=
4vXdW5209N55YjnB8W41SQ_B8Mg2-MW18pLmC5njF1YW3XKVS-7kFQ8_W7G7KkJ4LY0qXf2kd6N=
l04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"No=
z06tNt" target=3D"_blank">unc</a>=E2=80=9D of geothermal, a seasoned player=
 that=E2=80=99s been around for far longer than the upstarts but has found =
<a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1=
WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFT5nXHCW5BWr2F6lZ3mQVnYdF36Rj0hCW4CgYHS=
69-zKvW23lPy972GX9JW6jrbpB3J1cjjW3mVs2X8XxwqpW9fn2D44-51SYW3J5B9N5Qqqx-W5fq=
J3r6TnX7ZW4-jpX62TkhPzW68Xk303l1mz4W80L_cK55jYYNN7qXqtsffdSRN4cYvbwklFSBW74=
fNtl2p0HGKV3f7C-6hGTNmW2r2dn05H1LD7W7xH3S_1w0b_jV28kXM1Bhc8QN1Z4VCl_lzzfV8Z=
PHn1HF_rQW8pRGWd97pZh6VCgs2z1-dMq2W67JC9D8kK_vJW6S7Zns27FQh9W1J4QV26mrr_JW5=
_hj6D8sK2SRW2gkpq_6pdCYDW8VxBvg7r8B7KW6zRz9Y2s5-1pW6vm17S7Ff2P8W1_gHry9k-dS=
gW5GkPBr3jh7LcW7hg8ph7_kCYvW6118nY6JgBK6f9ltYH804" style=3D"color:#000000" =
data-hs-link-id=3D"0" data-hs-link-id-v2=3D"cfw42vuT" target=3D"_blank">way=
s to vibe</a> with the new entrants to its industry. But as interest heats =
up (forgive the pun) in geothermal, the Nevada-based subsidiary of an Israe=
li company is raising money to invest in an expansion. On Wednesday, the co=
mpany <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/V=
VXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFT7mt9PW5BWSxg6lZ3l7W5-MjyL7XKMRV=
W2PcD5D5lZLPrW4gg1sC4gMcZ8W7RZBgG8gmSwjW6B9JmP57fCrKW240J0Q47HhZNW7SH_3y5Gc=
j3_W1lxr0G5kYNL3N8TF3kQrgdWHW4PjrbQ6FyjF9W6hjQ4Y397CFKW80XGhj4ZSd0zW2TX2_t2=
sSgshW1zQ1mx7mqV34W5g-ZJp3ZzVkyW8R7pbk7plnBmW2fb92w8prN4RW3-fQTQ4Rt3cbW4N3J=
Bs52KMQ1W5CG7Dv6Txy0MW5pymFF97hNvdW7Wrn_H12C041W73krny44-FrFW4bcJ-M9drrz-W2=
S3gHx5VYcWCW1MS8sV19xf2hW1-jB6z4hM_3qW27ftYj2qg_hQW85t-zT2Pjs8ZW4YVyyy4TQJ1=
NW6XpsKN5M6YZbN1SgT3ffFdt0W3KR7MK4vtYH3W1L0qVs7PbG_RN4FVHqjkgjQ6W2cbTpt6SbB=
WpW9j7MCc1GBvQ8W2qmBPx6NmxlMV_dk2s11SkLmW87Q-7X8xd83gW7S19hp5_7g-1W7GKVkR8-=
X7-QW5SDYTR6SbqzMW1fCyrf5MDCV5W8hWt6p6-c_-4W4ZmM8F2Bg_JcW9hzry_3qHm8NVQvpbG=
2YS9C_W8d0hZ857fQ2tW2ktkXV5tsjLyf1Shh7l04" style=3D"color:#000000" data-hs-=
link-id=3D"0" data-hs-link-id-v2=3D"Gv422mkD" target=3D"_blank">pulled in</=
a> $875 million in its latest fundraise as investors piled onto what was or=
iginally announced as a $750 million transaction. While much of the hype ar=
ound geothermal has focused on next-generation companies that promise to ex=
pand the reach of the energy source by tapping into dry hot rocks, conventi=
onal resources =E2=80=94 underground hydrothermal reservoirs that can be dr=
illed into =E2=80=94 are generating more excitement as investors look to de=
ploy new sources of clean power as quickly as possible to meet surging elec=
tricity demand. (Read <a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/=
X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJHl3qn9qW8wLKSR6lZ=
3l4W6CqPKX5ywqlcW5_XZHR1M3B0_W17ZD_j5qH8j6W6q5BHD8npQ58W9bRtGq7hzFNjW99v5fb=
83D2CTW15HqRF6yWtqvW7tFySh8jrvSmW1yhCFL6FrhbhVY8G-s36YldPV2CTHd6njKPDW499Cc=
S1-JCXNW5Kwl-B5SDw-3VK-gyJ6c-HzYW6s4jkz5ftf9WVys1vQ69-gb8W4Dh2Wm8YMs4GW8zm0=
zd44lrm-W6XkbLC13l70-VjHQlD7vT05qW5t_XFP1M94hPN78xgD3d6_bbMf7DVNMGdMHW7DdfP=
93_xdxXW2Crxtf5G91_ZW4w24438hGY7mW8SRlSF3qkP2dW7kqRS64Vj1kzf6L0qNl04" style=
=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"mDsUfc3H" ta=
rget=3D"_blank">the 101 explainer Heatmap=E2=80=99s Matthew Zeitlin</a> wro=
te on different forms of geothermal power last year.) =E2=80=9CRather than =
being treated purely as a niche renewable segment, geothermal is increasing=
ly positioned as: A source of firm, dispatchable power, a complement to var=
iable renewables, and a potential solution for growing electricity demand, =
including from data centers,=E2=80=9D Alexander Richter, the founder of the=
 geothermal trade publication <a href=3D"https://d2QWfV04.na1.hubspotlinks.=
com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJHF3qn9qW9=
5jsWP6lZ3kLW6ndcsk56kq8wW5DMgYc8RWLMZN8LMW3zNp2N8W8ZTK258M--RJW3H8nCG3nXzN4=
N44Xwk96nX0WVFSnC57MkKjfW6TT-B04fGkYfW3gRn__8Lzc-VVCFM8C2HQC55W3ZR1m07dlQqQ=
W6pjmFn6_WXzfN8SBnQmgnQ2XW4DyJcn3zrqxKW5qXrfg2DcxV4W33TzV-3r5qSqW308vZF91Sr=
ryW3vgM4w76fhmTW5Zzxyt6wykYdW40bqgT1BPmC4N5_3Brp3YRwZW1gZqbk5tX3qLW3cgHdv41=
7R8tW1RLjr15-KSkhW4R0_rG80Sc6tN960QSsvFQ0qW7c2xDK75QFnfW81lp0Q8H0CvkW4nNyz-=
7nbTB-W55Tkq245K-3Wf1g-W0C04" style=3D"color:#000000" data-hs-link-id=3D"0"=
 data-hs-link-id-v2=3D"fn4W5eKX" target=3D"_blank"><em>ThinkGeoEnergy</em><=
/a>, wrote on Wednesday. =E2=80=9CAt the same time, the Ormat transaction h=
ighlights that capital is flowing first to de-risked, scalable platforms, r=
ather than uniformly across the sector.=E2=80=9D</p>
<p style=3D"line-height:150%">&nbsp;</p>
<p style=3D"line-height:150%">That doesn=E2=80=99t mean the darling of next=
-generation geothermal, Houston-based Fervo Energy, isn=E2=80=99t still the=
 industry=E2=80=99s big magnet for investment. On Thursday, the company ann=
ounced the close of a $421 million round of non-recourse debt financing to =
fund the first phase of its flagship Cape Station power plant. Non-recourse=
 financing is a deal structure in which lenders rely entirely upon cash flo=
w from the project to pay back the money used to build it, shielding invest=
ors from liability if something goes wrong. =E2=80=9CNon-recourse financing=
 has historically been considered out of reach for first-of-a-kind projects=
,=E2=80=9D David Ulrey, Fervo Energy=E2=80=99s chief financial officer, sai=
d in a statement. =E2=80=9CCape Station disrupts that narrative.=E2=80=9D T=
he project in Beaver County, Utah, is set to deliver its first power to the=
 grid later this year, and reach 100 megawatts of operating capacity in ear=
ly 2027.</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;">4. <strong>Trump=E2=80=99s Ho=
meland Security nominee vows to reverse Kristi Noem=E2=80=99s FEMA policies=
</strong></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 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%">Oklahom=
a Senator Markwayne Mullin, the Republican President Donald Trump nominated=
 to lead the Department of Homeland Security, said he would =E2=80=9Cabsolu=
tely=E2=80=9D repeal a policy the agency=E2=80=99s outgoing chief, Kristi N=
oem, adopted to throttle the Federal Emergency Management Agency. Since Jun=
e, Noem has required that her office approve any contracts or grants of $10=
0,000 or over, creating what <a href=3D"https://d2QWfV04.na1.hubspotlinks.c=
om/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJHF3qn9qW95=
jsWP6lZ3npW4hjtQG46X3h6W1QF_2g3JP4kzW86Wv_Z27pyNSW4L_sGF7v7JW0W118frv7xbbfM=
W8r54BX153-1FN79VDDvMRD9mW2hh9962bJB6ZW5YvMBV6M_nVDW1TY0qf9hM4GJW89PWPn3n2j=
3_W5v2YzJ9hm-nDW6YNsjq7JzZMBW1Q0LD42MG0mWW7b3g-F2ZtZYNVVd3M842wl3rW6Th7Vz4x=
-Ck8N8kfR6nvDjwqT7tDf8D6PHpW8PlTfp4ww_0zW4h8hw-6YTbg-Vm7Nq549Hf7YN4K1SGBKMP=
jYW6djcfW2LsN29W1Lm5kF9f-5mbW24vc5l173RVNW15HTfF4JF4jFW11JY_Z894FBsW4nbhm42=
n7KJVW6GKmcj95jmNWf1lzpR-04" style=3D"color:#000000" data-hs-link-id=3D"0" =
data-hs-link-id-v2=3D"6q7IUxBP" target=3D"_blank"><em>The New York Times</e=
m></a> called =E2=80=9Csignificant delays and uncertainty for disaster-stru=
ck states and communities waiting for recovery assistance.=E2=80=9D The pol=
icy delayed FEMA projects by at least three weeks, according to an investig=
ation Senate Democrats released this month. =E2=80=9CThat=E2=80=99s called =
micromanaging,=E2=80=9D Mullin said at a confirmation hearing on Capitol Hi=
ll. =E2=80=9CI=E2=80=99m not a micromanager.=E2=80=9D</p></div></div></td><=
/tr></tbody></table>
</div>
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    <!--[if (mso)|(IE)]></tr></table><![endif]-->
    </div>
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-left:10px; padding-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" bgc=
olor=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;">
<![endif]-->
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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-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_17730579045121" 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 #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:4px 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>
</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]-->
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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-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">5. <strong>GE Vernova conducts the world=E2=80=99s first te=
st of powering a gas turbine with ammonia</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%">What will become of all the gas turbines depl=
oyed today if ever there is a meaningful penalty in our economy for emittin=
g planet-heating pollution? For a long time, developers have promised to ev=
entually swap fossil gas for green hydrogen, which remains expensive today.=
 But many models require at least some hardware tweaks to switch between fu=
els. That=E2=80=99s what makes this latest news from U.S. energy giant GE V=
ernova and the Japanese firm IHI so interesting. The two companies announce=
d the world=E2=80=99s first successful demonstration of 100% ammonia combus=
tion in an industrial-scale F-class gas turbine. Low-free ammonia can be pr=
oduced by combining green hydrogen with nitrogen. <a href=3D"https://d2QWfV=
04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D7=
5LRfqZN3NdJGs5nXHCW6N1X8z6lZ3pYW4PftMF6ml5tDW5hWzkh8sCKD_W4wQjNz8yW_hgW77Jj=
Hr1TtpLkW3_MRgY2lxTlwW4MHRVj1_hfB9W7Y0SFx1g_1fXV2hLtv9f3k9VW5F6wQ54lDZyGN1b=
CCbMDqlyqVZ_F4169fJyvW6PJ8tk1J5Y_gW5vxhm37nx3hvW24Fjkv1h2wRbW1WpHt45WyR8hVW=
8C1R93jDjrW4BWn685Jrcn0W44FTBM491h0gW1DmZ_z8m3B2VW1MGmKD1rPxC3W9hkY09809n87=
N8TmMDrKbj8XW19sWmy4JfQtVW40F1G-1_gm_fW77ZCsT44f3prW10GD4w8b5wfYW5P9pv66Ktv=
vsW3Tn14l8kCN8rW763dJ62M5SYFF4lwnFhKgcvW7kkJKd38G1T0W6ZNbbR66x-zGN25Rq80zsk=
3dW2297081PVWJxW2HpBkY2TQ-b1VGtHpy8h0xb1N6Mzc2DjPDzSV_w74x27wKmjf6JlMgR04" =
style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"3CTS4Vj=
W" target=3D"_blank"><em>Hydrogen Insight</em></a> reported that GE and IHI=
 plan to deploy the technology commercially by 2030.&nbsp;</p>
</div></div></div></td></tr></tbody></table>
</div>
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th:600px; margin:0 auto; background-color:#ffffff" bgcolor=3D"#ffffff">
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spacing=3D"0" role=3D"presentation" width=3D"600" bgcolor=3D"#ffffff">
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=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%">
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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>
          </tr>
        </table>
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  </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"><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=
ALC-1772455746.018939-pinned_state primary-D0960F0VALC-1772455746.018939-ed=
ited_state primary-D0960F0VALC-1772455746.018939-later_state primary-D0960F=
0VALC-1772455746.018939-broadcast_state primary-D0960F0VALC-1772455746.0189=
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%">Tidal power is geographically limited. But un=
like other sources of renewable power, it=E2=80=99s predictable and could, =
<a href=3D"https://d2QWfV04.na1.hubspotlinks.com/Ctc/X+113/d2QWfV04/VVXWdy1=
WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJHl3qn9qW8wLKSR6lZ3lKW2fG1dQ8ZF40kW5Nd38=
t7Y7rgWN1FrWSHdwY9wW3xjMWp1cPFrhW37R6gw5ZYJJ7W7rPDVL8kDXzmW4rW7yh5pXcHCW4Mp=
9CT1LcM0yW41wP9646qyNFW3R0TbW3b6lDRN48mDwDyxk7QW91SHgp6kSl70W1fYZ0q36-rWpW2=
9Vxyb720LzmN1kvmVCHKPXcW69Jz8m7QM38-W5MCjcQ8DwQvvW39Ggp21Yckx-W3Y69wF295Xg6=
W8LkQrc379pm7W2kK2Qk6FcQzzW1_mRJM9f-347W4hVVZ77QCRthW6_19r-18R-D5W1fdW6z5zT=
3pfW4j1FwF7G13vLW8PFwFd5mRSmTW5fF45z4bF4bVf6fYcg004" style=3D"color:#000000=
" data-hs-link-id=3D"0" data-hs-link-id-v2=3D"S39tiH94" target=3D"_blank">p=
roponents say</a>, play a role in balancing the grid. <strong>In the Faroe =
Islands, the tidal energy developer Minesto has started pumping electricity=
 from its 100-kilowatt microgrid-scale power generation onto the Faroese gr=
id.</strong> The Swedish firm told <a href=3D"https://d2QWfV04.na1.hubspotl=
inks.com/Ctc/X+113/d2QWfV04/VVXWdy1WKDLZW6gDZ8Y2xwLTmW1c61D75LRfqZN3NdJFT5n=
XHCW5BWr2F6lZ3lJVTtlS35B1SgsW7QFR2v3L3c6mW4ngfhw83p_RpVSQmqV85k1S2W777vCS1m=
x_ncN5fDpK7LBV3_W2HqGr45lYKZDW96G6vC1b-SvgW5_qPcS9cV1yzW3XmnjV4nyDZdW3GtYlP=
2pQMjvW4LsF0v2bPW1FW2hD-_r1zR-C7W6sY6mY9cBnB_W7TdQxG53km8JW6ng-W93LLNkhW3sz=
_WT42C1cDVtdqfV3F57TMVBs_ft4mF39KVZzTn67jb7_XW5n1JMs3TvsS9W1KS7xR61ZxxGW7np=
8W-1b4HTVW5XST7N3_Yr1SW53BzQD4v2sMLW46gkTW4Z-t_sW2kn8l76RWdS1N5fGs8dCtzgLW9=
2QLGG71BpCPW6MTKVZ7ZkvfwW3sY2nF2XvmlKW47s3nz7H8c1JW6qtpJ36Q6M-9W3qtt7w47-DD=
gf6dVg5l04" style=3D"color:#000000" data-hs-link-id=3D"0" data-hs-link-id-v=
2=3D"RhagF/8J" target=3D"_blank"><em>Offshore Energy</em></a> operations wi=
ll continue through spring and summer in the autonomous Danish island terri=
tory.&nbsp;</p>
</div>
</div></div></div></td></tr></tbody></table>
</div>
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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"><=
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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>
      <!--[if mso]>
        <table role=3D"none" align=3D"center" border=3D"0" cellpadding=3D"0=
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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=
7394601289043" 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"><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=
;">&nbsp;</span></p>
<p style=3D"font-weight:bold; font-size:22px; line-height:125%"><span style=
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yx5SW3DJdR-72XNwsN6GN5GW7F6CCN7BGdWqwBhy7W5l52D92Q6g3lW7k6vcG1jkNV0W4vgmp94=
KP0RVN47tmlGgQrB5V4Z_ZX4XyPMCW3Pjx3n68fsNcW30C46t7dSRQjW1P1Bff6rBPFnW8YPQy9=
6qZjwBW4cQCsk1hR72yW4YRfzw3sGWlPW1TcFNr5DgLL6W6ycWRB6F31ncW585l3M4mXv5wW4GX=
C788X8d_-W1wBFwF1htltdW2XVpb828ZvqYW7CxHQK2nf9VWW3pyxX28jpkLdW2VyxVt29LDwsf=
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<div style=3D"font-size:20px; line-height:150%">&nbsp;</div>
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