Rethinking Puerto Rico’s grid

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.

MINERALS

• The Trump administration announces a $1.4 billion deal with Vulcan Elements and ReElement Technologies, consisting of federal loans and private investments, to produce rare-earth magnets in the U.S. used in EV motors, data centers, and other electronics. (Wall Street Journal)

CLEAN ENERGY

• The One Big Beautiful Bill will slow solar, wind, and storage deployment for the next few years, but it will rebound as power demand grows and renewables continue to win on cost, BloombergNEF predicts. (BloombergNEF, RTO Insider)

FEDERAL POLICY

• Former Biden administration officials say the administration let bureaucracy, a fear of repeating past failures like Solyndra, and an unawareness of how quickly the Trump administration would undo their work derail a quick and effective rollout of climate and clean energy policy. (Politico)

• The White House Office of Management and Budget pushed the EPA to broaden its rollback of tailpipe emissions regulations and weaken regulations targeting more forms of vehicle pollution, documents show. (E&E News)

• The OMB wrote nearly half of the cost-benefit analysis for the EPA’s proposal to roll back emissions regulations — a change that career EPA staff typically would’ve handled. (E&E News)

SOLAR

• First Solar lists potential new tariffs and retroactive duties as headwinds threatening its panel manufacturing business, but also says trade challenges could boost its domestic supply chain. (Utility Dive)

CLIMATE

• The White House confirms it won’t send any high-level leaders to the COP30 climate summit starting next week or a pre-conference for top officials. (Reuters)

WIND

• Ørsted will sell half of the world’s largest offshore wind farm, the Hornsea 3 array in the U.K., to U.S. asset management firm Apollo for around $6 billion, in what’s likely a move by Ørsted to avoid a credit downgrade. (Reuters)

ELECTRIFICATION

• Democratic state lawmakers in New York urge Gov. Kathy Hochul to delay the state’s coming ban on gas stoves and heating in new buildings. (Politico)