A clean construction win

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

RENEWABLES

• A new International Energy Agency report predicts renewables will overtake coal as the world’s largest power source this year or next, with nuclear power output also reaching record highs. (IEA)

• The Federal Reserve leaves interest rates unchanged for the fifth meeting in a row, meaning renewables developers will get no relief on borrowing costs for new projects. (Heatmap)

POLITICS

• The USDA announced in June that it would cut more than 145 awards for climate-friendly and other ​“woke” agricultural projects, but so far hasn’t specified what those projects are or notified those affected. (Grist)

• “This is a serious misuse of my research”: Climate scientists say the Trump administration took their work out of context when using it to cast doubt on the risks of climate change in a recent report. (Notus)

NUCLEAR

• Helion Energy says it’s begun construction of its first fusion reactor with a target of delivering power to Microsoft by 2028, though neither the startup nor anyone else has shown that fusion energy production is viable. (E&E News)

• Tech companies look to restart shuttered nuclear plants or prop up those on the verge of closing to power data centers, drawing concerns from utility regulators and consumer advocates that such moves will raise power costs. (Washington Post)

ELECTRIC VEHICLES

• EV charging startups say they’re more concerned about the Trump administration’s attempts to claw back funding for charging infrastructure than the One Big Beautiful Bill’s rollback of tax credits for EVs and charger construction. (Heatmap)

• Ford says it will announce plans in August to design and build ​“breakthrough” EVs in the U.S. (Electrek)

OFFSHORE WIND

• The Bureau of Ocean Energy Management rescinds areas designated for wind development on the U.S. Outer Continental Shelf. (E&E News)

FOSSIL FUELS

• Fossil fuel executives are poised to reap more than $20 billion in tax breaks and other benefits as part of the One Big Beautiful Bill. (New York Times)

• The U.S. EPA delays implementation of rules requiring oil and gas drillers to curb methane leaks and emissions. (The Hill)

GRID

• An MIT report finds load shifting capabilities help data centers avoid stressing the grid, but can add to emissions if they aren’t paired with renewable power. (Utility Dive)

• New Mexico Democratic Sen. Martin Heinrich demands the DOE Loan Programs Office more clearly explain why it terminated the Grain Belt Express’ loan. (Latitude Media)