Today’s headlines: Renewables investments on the rise, states’ new data center rules, 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.

FINANCE

• The International Energy Agency expects total global energy investments to grow from $2.7 trillion in 2025 to $3.4 trillion this year, with most new investment heading to power grids, energy storage, nuclear, renewables, and electrification. (report)

• Global shipments of clean-energy products totaled $479 billion last year, showing the industry is continuing to rebound after a slip from 2023 to 2024, though expanding manufacturing capacity in China has now created a global oversupply, BloombergNEF finds. (report)

DATA CENTERS

• Major data center owner DigitalBridge Group announces it will buy power plant company ArcLight Capital Partners in a $1.05 billion deal. (Utility Dive)

• New Jersey and Pennsylvania release plans to push data centers to pay for the construction of new power generation in attempts to keep the facilities from raising residential electricity rates. (WHYY, Inside Climate News)

NUCLEAR

• Nuclear startup Newcleo announces plans to go public via a SPAC deal that would value the company at $2.4 billion. (Wall Street Journal)

• Fusion startup Thea Energy secures $100 million in Series B funding, bringing its total private investment to $130 million. (TechCrunch)

MINING

• MP Materials sues Rare Earth Inc., alleging a former MP employee brought proprietary high-performance magnet technology used in EV batteries to Rare Earth. (Bloomberg Law)