Today’s headlines: Form Energy raises $750 million, another wind farm in jeopardy, and more

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.

BATTERIES

• Long-duration iron-air battery startup Form Energy raises $750 million as it seeks to meet demand for the first large-scale installations of its 100-hour storage product. (Wall Street Journal)

OFFSHORE WIND

• A judge allows the Trump administration to reconsider the Biden administration’s approval of the Atlantic Shores wind farm off New Jersey. (E&E News)

• U.S. Sens. Alex Padilla (D-Calif.) and Angus King (I-Maine) propose legislation that would reward offshore wind developers who reject Trump administration buyouts with an expedited path to construction. (Times-Standard, news release)

SOLAR

• SEG Solar completes construction of its second U.S. solar panel factory, bringing its annual manufacturing capacity in Texas to 4 GW, with construction of a third facility also underway. (Solar Power World)

DATA CENTERS

• The U.S. Energy Information Administration projects nationwide power consumption will hit record highs this year and next thanks to data centers and electrification. (Reuters, EIA)

• Candidates from local to statewide races who took stances against data centers performed well in Michigan’s primary election this month, showing how political support for the unpopular facilities may come with a cost. (Inside Climate News)

FOSSIL FUELS

• The International Energy Agency predicts the global oil market will continue to contract through the third quarter before returning to growth later this year, assuming shipping traffic in the Strait of Hormuz returns to normal. (IEA)

ELECTRIC VEHICLES

• Tesla buyers have already used up the automaker’s portion of California’s $135 million EV rebate program that was introduced last week. (E&E News)

• General Motors will sell its stake in an EV battery joint venture in Indiana to partner Samsung SDI as the automaker further backs away from the EV market and Samsung devotes more attention to the energy storage market. (Reuters)

GEOTHERMAL

• As Fervo Energy settles in at the top of the advanced geothermal industry, other companies are pushing to follow its lead. (Latitude Media)

NUCLEAR

• A growing number of Democratic governors are exploring nuclear power development as an emissions-free way to meet rising demand. (E&E News)

EFFICIENCY

• A federal appeals court strikes down Biden-era energy efficiency laws for stoves and ovens, saying the DOE inappropriately streamlined the rules’ implementation. (Bloomberg Law)