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The Download: the case for AI slop, and helping CRISPR fulfill its promise

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. How I learned to stop worrying and love AI slop —Caiwei Chen If I were to locate the moment AI slop broke through into popular consciousness, I’d pick the video of rabbits bouncing on a trampoline that went viral last summer. For many savvy internet users, myself included, it was the first time we were fooled by an AI video, and it ended up spawning a wave of almost identical generated clips.
My first reaction was that, broadly speaking, all of this sucked. That’s become a familiar refrain, in think pieces and at dinner parties. Everything online is slop now—the internet “enshittified,” with AI taking much of the blame. Initially, I largely agreed. But then friends started sharing AI clips in group chats that were compellingly weird, or funny. Some even had a grain of brilliance.  I had to admit I didn’t fully understand what I was rejecting—what I found so objectionable. To try to get to the bottom of how I felt (and why), I spoke to the people making the videos, a company creating bespoke tools for creators, and experts who study how new media becomes culture. What I found convinced me that maybe generative AI will not end up ruining everything after all. Read the full story.
A new CRISPR startup is betting regulators will ease up on gene-editingHere at MIT Technology Review we’ve been writing about the gene-editing technology CRISPR since 2013, calling it the biggest biotech breakthrough of the century. Yet so far, there’s been only one gene-editing drug approved, and it’s been used commercially on only about 40 patients, all with sickle-cell disease.It’s becoming clear that the impact of CRISPR isn’t as big as we all hoped. In fact, there’s a pall of discouragement over the entire field—with some journalists saying the gene-editing revolution has “lost its mojo.”So what will it take for CRISPR to help more people? A new startup says the answer could be an “umbrella approach” to testing and commercializing treatments which could avoid costly new trials or approvals for every new version. Read the full story. —Antonio Regalado America’s new dietary guidelines ignore decades of scientific research The first days of 2026 have brought big news for health. On Wednesday, health secretary Robert F. Kennedy Jr. and his colleagues at the Departments of Health and Human Services and Agriculture unveiled new dietary guidelines for Americans. And they are causing a bit of a stir.That’s partly because they recommend products like red meat, butter, and beef tallow—foods that have been linked to cardiovascular disease, and that nutrition experts have been recommending people limit in their diets.These guidelines are a big deal—they influence food assistance programs and school lunches, for example. Let’s take a look at the good, the bad, and the ugly advice being dished up to Americans by their government. —Jessica Hamzelou This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.

The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Grok has switched off its image-generating function for most usersFollowing a global backlash to its sexualized pictures of women and children. (The Guardian)+ Elon Musk has previously lamented the “guardrails” around the chatbot. (CNN)+ XAI has been burning through cash lately. (Bloomberg $) 2 Online sleuths tried to use AI to unmask the ICE agent who killed a womanThe problem is, its results are far from reliable. (WP $)+ The Trump administration is pushing videos of the incident filmed from a specific angle. (The Verge)+ Minneapolis is struggling to make sense of the shooting of Renee Nicole Good. (WSJ $)3 Smartphones and PCs are about to get more expensiveYou can thank the memory chip shortage sparked by the AI data center boom. (FT $)+ Expect delays alongside those price rises, too. (Economist $)4 NASA is bringing four of the seven ISS crew members back to EarthIt’s not clear exactly why, but it said one of them experienced a “medical situation” earlier this week. (Ars Technica) 5 The vast majority of humanoid robots shipped last year were from ChinaThe country is dominating early supply for the bipedal machines. (Bloomberg $)+ Why a Chinese robot vacuum firm is moving into EVs. (Wired $)+ China’s EV giants are betting big on humanoid robots. (MIT Technology Review) 6 New Jersey has banned students’ phones in schoolsIt’s the latest in a long line of states to restrict devices during school hours. (NYT $) 7 Are AI coding assistants getting worse?This data scientist certainly seems to think so. (IEEE Spectrum)+ AI coding is now everywhere. But not everyone is convinced. (MIT Technology Review) 8 How to save wine from wildfires 🍇Smoke leaves the alcohol with an ashy taste, but a group of scientists are working on a solution. (New Yorker $)
9 Celebrity Letterboxd accounts are good funUnsurprisingly, a subset of web users have chosen to hound them. (NY Mag $)10 Craigslist refuses to dieThe old-school classifieds corner of the web still has a legion of diehard fans. (Wired $)
Quote of the day “Tools like Grok now risk bringing sexual AI imagery of children into the mainstream. The harms are rippling out.” —Ngaire Alexander, head of the Internet Watch Foundation’s reporting hotline, explains the dangers around low-moderation AI tools like Grok to the Wall Street Journal. One more thing How to measure the returns on R&D spendingGiven the draconian cuts to US federal funding for science, it’s worth asking some hard-nosed money questions: How much should we be spending on R&D? How much value do we get out of such investments, anyway?To answer that, in several recent papers, economists have approached this issue in clever new ways.  And, though they ask slightly different questions, their conclusions share a bottom line: R&D is, in fact, one of the better long-term investments that the government can make. Read the full story.
—David Rotman We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.) + Bruno Mars is back, baby!+ Hmm, interesting: Apple’s new Widow’s Bay show is inspired by both Stephen King and Donald Glover, which is an intriguing combination.+ Give this man control of the new Lego AI bricks!+ An iron age war trumpet recently uncovered in Britain is the most complete example discovered anywhere in the world.

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Nodal Hits Record Annual Volumes in Power, Environmental Markets

Nodal Exchange LLC, a derivatives trading platform for North American commodity markets, saw 3.1 billion megawatt hours (MWh) of power futures and 749,222 lots of environmental futures and options traded in 2025, achieving new annual highs. Power futures traded last year on the Tysons, Virginia-based exchange rose four percent year-on-year to 3.1 billion MWh. The December volume of 235 million MWh was up 29 percent from December 2024, Nodal said in an online statement Thursday. “Nodal continues to be the market leader in North American monthly power futures having 56 percent of the open interest with 1.51 billion MWh at the end of 2025”, Nodal said. “The open interest represents over $166 billion of notional value (both sides)”. Meanwhile environmental market open interest ended 2025 at a record 391,264 lots, up one percent from 2024. “December deliveries of 37,173 lots marked the fifth-largest delivery month for environmental products on Nodal”, Nodal said. “Renewable energy certificate futures and options posted volume of 465,189 lots in 2025, up 11 percent from a year earlier and ended the year with open interest of 323,591 lots, up 10 percent. “Nodal continues to expand environmental offerings having over 68 percent of the North American Renewable Energy Certificate market measured in clean MWh generation. “Nodal, in collaboration with IncubEx, launched several new environmental futures contracts in 2025, including Auction Clearing Price contracts for California, Washington and RGGI carbon allowances.  Nodal was the first exchange to launch PJM Emission Free Energy Certificate Futures, which allow for delivery of nuclear energy certificates alongside hydro. Other new launches included Virginia In-State Compliance REC Futures, New York Environmental Disclosure Program REC Futures and Alberta TIER EPC Options”. For natural gas, traded volumes last year totaled 958 trillion British thermal units (TBtu), Nodal said. Traded gas volumes in January-November 2025 reached a

Read More »

30 Pct of Oil Reserves Might be Consolidated Under US Influence

Around 30 percent of global oil reserves might be consolidated under U.S. influence. That’s what J.P. Morgan analysts, including the company’s head of global commodities strategy Natasha Kaneva, stated in a J.P. Morgan research note sent to Rigzone by Kaneva this week. “Combined oil reserves from Venezuela, Guyana, and the U.S. could give the U.S. about 30 percent of global oil reserves if consolidated under its influence,” the analysts said in the note. The J.P. Morgan analysts highlighted in the research note that Venezuela holds the world’s largest oil reserves, “particularly heavy crude needed by U.S. refiners”. “With 303 billion barrels of proven crude oil reserves, Venezuela represents nearly 20 percent of global reserves as of 2024 – more than any other country,” they pointed out. “If Guyana’s rapidly expanding discoveries are considered alongside U.S. conventional and unconventional reserves, the combined total could position the U.S. as a leading holder of global oil reserves, potentially accounting for about 30 percent of the world’s total if these figures are consolidated under U.S. influence,” they added. The analysts stated in the note that this would mark a notable shift in global energy dynamics. “With greater access to and influence over a substantial portion of global reserves, the U.S. could potentially exert more control over oil market trends, helping to stabilize prices and keep them within historically lower ranges,” the analysts said. “This increased leverage would not only enhance U.S. energy security but could also reshape the balance of power in international energy markets,” they added. In the note, the J.P. Morgan analysts revealed that they continue to maintain their view that “a regime change in Venezuela would immediately represent one of the largest upside risks to the global oil supply outlook for 2026-2027 and beyond”. “With a political transition, Venezuela could raise

Read More »

A new CRISPR startup is betting regulators will ease up on gene-editing

Here at MIT Technology Review we’ve been writing about the gene-editing technology CRISPR since 2013, calling it the biggest biotech breakthrough of the century. Yet so far, there’s been only one gene-editing drug approved. It’s been used commercially on only about 40 patients, all with sickle-cell disease. It’s becoming clear that the impact of CRISPR isn’t as big as we all hoped. In fact, there’s a pall of discouragement over the entire field—with some journalists saying the gene-editing revolution has “lost its mojo.” So what will it take for CRISPR to help more people? A new startup says the answer could be an “umbrella approach” to testing and commercializing treatments. Aurora Therapeutics, which has $16 million from Menlo Ventures and counts CRISPR co-inventor Jennifer Doudna as an advisor, essentially hopes to win approval for gene-editing drugs that can be slightly adjusted, or personalized, without requiring costly new trials or approvals for every new version. The need to change regulations around gene-editing treatments was endorsed in November by the head of the US Food and Drug Administration, Martin Makary, who said the agency would open a “new” regulatory pathway for “bespoke, personalized therapies” that can’t easily be tested in conventional ways. 
Aurora’s first target, the rare inherited disease phenylketonuria, also known as PKU, is a case in point. People with PKU lack a working version of an enzyme needed to use up the amino acid phenylalanine, a component of pretty much all meat and protein. If the amino acid builds up, it causes brain damage. So patients usually go on an onerous “diet for life” of special formula drinks and vegetables. In theory, gene editing can fix PKU. In mice, scientists have already restored the gene for the enzyme by rewriting DNA in liver cells, which both make the enzyme and are some of the easiest to reach with a gene-editing drug. The problem is that in human patients, many different mutations can affect the critical gene. According to Cory Harding, a researcher at Oregon Health Sciences University, scientists know about 1,600 different DNA mutations that cause PKU.
There’s no way anyone will develop 1,600 different gene-editing drugs. Instead, Aurora’s goal is to eventually win approval for a single gene editor that, with minor adjustments, could be used to correct several of the most common mutations, including one that’s responsible for about 10% of the estimated 20,000 PKU cases in the US. “We can’t have a separate [clinical trial] for each mutation,” says Edward Kaye, the CEO of Aurora. “The way the FDA approves gene editing has to change, and I think they’ve been very understanding that is the case.” A gene editor is a special protein that can zero in on a specific location in the genome and change it. To prepare one, Aurora will put genetic code for the editor into a nanoparticle along with a targeting molecule. In total, it will involve about 5,000 gene letters. But only 20 of them need to change in order to redirect the treatment to repair a different mutation. “Over 99% of the drug stays the same,” says Johnny Hu, a partner at Menlo Ventures, which put up the funding for the startup. The new company came together after Hu met over pizza with Fyodor Urnov, an outspoken gene-editing scientist at the University of California, Berkeley, who is Aurora’s cofounder and sits on its board. In 2022, Urnov had written a New York Times editorial bemoaning the “chasm” between what editing technology can do and the “legal, financial, and organizational” realities preventing researchers from curing people. “I went to Fyodor and said, ‘Hey, we’re getting all these great results in the clinic with CRISPR, but why hasn’t it scaled?” says Hu. Part of the reason is that most gene-editing companies are chasing the same few conditions, such as sickle-cell, where (as luck would have it) a single edit works for all patients. But that leaves around 400 million people who have 7,000 other inherited conditions without much hope to get their DNA fixed, Urnov estimated in his editorial. Then, last May, came the dramatic demonstration of the first fully “personalized” gene-editing treatment. A team in Philadelphia, assisted by Urnov and others, succeeded in correcting the DNA of a baby, named KJ Muldoon, who had an entirely unique mutation that caused a metabolic disease. Though it didn’t target PKU, the project showed that gene editing could theoretically fix some inherited diseases “on demand.” 

It also underscored a big problem. Treating a single child required a large team and cost millions in time, effort, and materials—all to create a drug that would never be used again.  That’s exactly the sort of situation the new “umbrella” trials are supposed to address. Kiran Musunuru, who co-led the team at the University of Pennsylvania, says he’s been in discussions with the FDA to open a study of bespoke gene editors this year focusing on diseases of the type Baby KJ had, called urea cycle disorders. Each time a new patient appears, he says, they’ll try to quickly put together a variant of their gene-editing drug that’s tuned to fix that child’s particular genetic problem. Musunuru, who isn’t involved with Aurora, does not think the company’s plans for PKU count as fully personalized editors. “These corporate PKU efforts have nothing whatsoever to do with Baby KJ,” he says. He says his center continues to focus on mutations “so ultra-rare that we don’t see any scenario where a for-profit gene-editing company would find that indication to be commercially viable.” Instead, what’s occurring in PKU, says Musunuru, is that researchers have realized they can assemble “a bunch” of the most frequent mutations “into a large enough group of patients to make a platform PKU therapy commercially viable.”  While that would still leave out many patients with extra-rare gene errors, Musunuru says any gene-editing treatment at all would still be “a big improvement over the status quo, which  is zero genetic therapies for PKU.”

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Equinor Dishes Out Supplier Agreements Worth $10B

Equinor revealed, in a statement posted on its website on Thursday, that it has awarded 12 framework agreements to seven supplier companies with a total value of around NOK 100 billion ($9.9 billion). The company highlighted in the statement that these new framework agreements are for maintenance and modifications on the company’s offshore installations and onshore plants. The supplier companies comprise Aibel AS, Aker Solutions AS, Wood Group Norway, Apply AS, Rosenberg Worley AS, Head Energy AS, and IKM Gruppen AS, Equinor revealed. Agreements start in the first half of this year, have a duration of five years, and include extension options of three and two years, Equinor pointed out in its statement. The company noted that the final portfolio distribution will be assigned when the contracts are signed, which it revealed “is planned in week four”. “These agreements lay the foundation for safe and competitive operations at Equinor’s offshore installations and onshore plants in the years to come,” Equinor said in the statement. “The agreements create predictability and ripple effects for the Norwegian supplier industry across the country,” it added. In its statement, Equinor revealed that, “to support the ambition of maintaining production around 1.2 million barrels of oil equivalent per day (2020 level) on the Norwegian continental shelf towards 2035”, the company is planning a series of actions. These include investing “about NOK 60-70 billion” ($5.9 billion to $6.9 billion) annually in increased recovery and new fields on the Norwegian continental shelf, drilling “around 250 exploration wells and about 600 wells for increased recovery”, performing 300 well interventions annually and “around 2,500 modification projects”, and maturing and developing over 75 subsea developments that can be tied to existing infrastructure, the statement outlined. They also include reducing the company’s own greenhouse gas emissions towards nearly 50 percent by 2030,

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Iberdrola Ups Dividend after Reaching $146B Capitalization

Iberdrola SA on Thursday declared an interim dividend of EUR 0.253 ($0.29) per share for 2025 results, up from the minimum of EUR 0.25 it announced October. Earlier the Spanish power and gas utility said it reached EUR 125 billion ($145.55 billion) in stock market value at the start of 2026, having increased its capitalization by nearly 40 percent in 2025. “The company is once again offering its shareholders three options in this edition of Iberdrola Flexible Remuneration: to receive the interim dividend amount in cash; to sell their allocation rights on the market; or to obtain new bonus shares from the group free of charge”, it said in an online statement, adding the options can be combined. Shareholders who opt for cash are to receive the interim dividend February 2. “Shareholders who opt to receive new shares must have 73 free allocation rights to receive a new share in the company”, Iberdrola said. The dividend announced Thursday would be backed by a supplementary dividend Iberdrola plans to pay in July if approved at its general shareholders’ meeting, it said. “In order to implement this new edition of the remuneration system, a capital increase with a maximum reference market value of EUR 1.713 billion will be carried out”, it said. Iberdrola said Tuesday it is now the top utility in Europe by market capitalization and the second-biggest in the world. It noted the milestone was achieved in the year marking the 125th anniversary of its founding as Hidroeléctrica Ibérica. According to its latest quarterly report, Iberdrola produced 96,047 gigawatt hours (GWh) net in the first nine months of 2025, with renewable energy accounting for 66,254 GWh. Spain led geographically, accounting for 48,794 GWh of Iberdrola’s total net production in the period. It was followed by the United States (18,436 GWh). Mexico was

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The Download: the case for AI slop, and helping CRISPR fulfill its promise

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. How I learned to stop worrying and love AI slop —Caiwei Chen If I were to locate the moment AI slop broke through into popular consciousness, I’d pick the video of rabbits bouncing on a trampoline that went viral last summer. For many savvy internet users, myself included, it was the first time we were fooled by an AI video, and it ended up spawning a wave of almost identical generated clips.
My first reaction was that, broadly speaking, all of this sucked. That’s become a familiar refrain, in think pieces and at dinner parties. Everything online is slop now—the internet “enshittified,” with AI taking much of the blame. Initially, I largely agreed. But then friends started sharing AI clips in group chats that were compellingly weird, or funny. Some even had a grain of brilliance.  I had to admit I didn’t fully understand what I was rejecting—what I found so objectionable. To try to get to the bottom of how I felt (and why), I spoke to the people making the videos, a company creating bespoke tools for creators, and experts who study how new media becomes culture. What I found convinced me that maybe generative AI will not end up ruining everything after all. Read the full story.
A new CRISPR startup is betting regulators will ease up on gene-editingHere at MIT Technology Review we’ve been writing about the gene-editing technology CRISPR since 2013, calling it the biggest biotech breakthrough of the century. Yet so far, there’s been only one gene-editing drug approved, and it’s been used commercially on only about 40 patients, all with sickle-cell disease.It’s becoming clear that the impact of CRISPR isn’t as big as we all hoped. In fact, there’s a pall of discouragement over the entire field—with some journalists saying the gene-editing revolution has “lost its mojo.”So what will it take for CRISPR to help more people? A new startup says the answer could be an “umbrella approach” to testing and commercializing treatments which could avoid costly new trials or approvals for every new version. Read the full story. —Antonio Regalado America’s new dietary guidelines ignore decades of scientific research The first days of 2026 have brought big news for health. On Wednesday, health secretary Robert F. Kennedy Jr. and his colleagues at the Departments of Health and Human Services and Agriculture unveiled new dietary guidelines for Americans. And they are causing a bit of a stir.That’s partly because they recommend products like red meat, butter, and beef tallow—foods that have been linked to cardiovascular disease, and that nutrition experts have been recommending people limit in their diets.These guidelines are a big deal—they influence food assistance programs and school lunches, for example. Let’s take a look at the good, the bad, and the ugly advice being dished up to Americans by their government. —Jessica Hamzelou This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.

The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Grok has switched off its image-generating function for most usersFollowing a global backlash to its sexualized pictures of women and children. (The Guardian)+ Elon Musk has previously lamented the “guardrails” around the chatbot. (CNN)+ XAI has been burning through cash lately. (Bloomberg $) 2 Online sleuths tried to use AI to unmask the ICE agent who killed a womanThe problem is, its results are far from reliable. (WP $)+ The Trump administration is pushing videos of the incident filmed from a specific angle. (The Verge)+ Minneapolis is struggling to make sense of the shooting of Renee Nicole Good. (WSJ $)3 Smartphones and PCs are about to get more expensiveYou can thank the memory chip shortage sparked by the AI data center boom. (FT $)+ Expect delays alongside those price rises, too. (Economist $)4 NASA is bringing four of the seven ISS crew members back to EarthIt’s not clear exactly why, but it said one of them experienced a “medical situation” earlier this week. (Ars Technica) 5 The vast majority of humanoid robots shipped last year were from ChinaThe country is dominating early supply for the bipedal machines. (Bloomberg $)+ Why a Chinese robot vacuum firm is moving into EVs. (Wired $)+ China’s EV giants are betting big on humanoid robots. (MIT Technology Review) 6 New Jersey has banned students’ phones in schoolsIt’s the latest in a long line of states to restrict devices during school hours. (NYT $) 7 Are AI coding assistants getting worse?This data scientist certainly seems to think so. (IEEE Spectrum)+ AI coding is now everywhere. But not everyone is convinced. (MIT Technology Review) 8 How to save wine from wildfires 🍇Smoke leaves the alcohol with an ashy taste, but a group of scientists are working on a solution. (New Yorker $)
9 Celebrity Letterboxd accounts are good funUnsurprisingly, a subset of web users have chosen to hound them. (NY Mag $)10 Craigslist refuses to dieThe old-school classifieds corner of the web still has a legion of diehard fans. (Wired $)
Quote of the day “Tools like Grok now risk bringing sexual AI imagery of children into the mainstream. The harms are rippling out.” —Ngaire Alexander, head of the Internet Watch Foundation’s reporting hotline, explains the dangers around low-moderation AI tools like Grok to the Wall Street Journal. One more thing How to measure the returns on R&D spendingGiven the draconian cuts to US federal funding for science, it’s worth asking some hard-nosed money questions: How much should we be spending on R&D? How much value do we get out of such investments, anyway?To answer that, in several recent papers, economists have approached this issue in clever new ways.  And, though they ask slightly different questions, their conclusions share a bottom line: R&D is, in fact, one of the better long-term investments that the government can make. Read the full story.
—David Rotman We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.) + Bruno Mars is back, baby!+ Hmm, interesting: Apple’s new Widow’s Bay show is inspired by both Stephen King and Donald Glover, which is an intriguing combination.+ Give this man control of the new Lego AI bricks!+ An iron age war trumpet recently uncovered in Britain is the most complete example discovered anywhere in the world.

Read More »

Nodal Hits Record Annual Volumes in Power, Environmental Markets

Nodal Exchange LLC, a derivatives trading platform for North American commodity markets, saw 3.1 billion megawatt hours (MWh) of power futures and 749,222 lots of environmental futures and options traded in 2025, achieving new annual highs. Power futures traded last year on the Tysons, Virginia-based exchange rose four percent year-on-year to 3.1 billion MWh. The December volume of 235 million MWh was up 29 percent from December 2024, Nodal said in an online statement Thursday. “Nodal continues to be the market leader in North American monthly power futures having 56 percent of the open interest with 1.51 billion MWh at the end of 2025”, Nodal said. “The open interest represents over $166 billion of notional value (both sides)”. Meanwhile environmental market open interest ended 2025 at a record 391,264 lots, up one percent from 2024. “December deliveries of 37,173 lots marked the fifth-largest delivery month for environmental products on Nodal”, Nodal said. “Renewable energy certificate futures and options posted volume of 465,189 lots in 2025, up 11 percent from a year earlier and ended the year with open interest of 323,591 lots, up 10 percent. “Nodal continues to expand environmental offerings having over 68 percent of the North American Renewable Energy Certificate market measured in clean MWh generation. “Nodal, in collaboration with IncubEx, launched several new environmental futures contracts in 2025, including Auction Clearing Price contracts for California, Washington and RGGI carbon allowances.  Nodal was the first exchange to launch PJM Emission Free Energy Certificate Futures, which allow for delivery of nuclear energy certificates alongside hydro. Other new launches included Virginia In-State Compliance REC Futures, New York Environmental Disclosure Program REC Futures and Alberta TIER EPC Options”. For natural gas, traded volumes last year totaled 958 trillion British thermal units (TBtu), Nodal said. Traded gas volumes in January-November 2025 reached a

Read More »

30 Pct of Oil Reserves Might be Consolidated Under US Influence

Around 30 percent of global oil reserves might be consolidated under U.S. influence. That’s what J.P. Morgan analysts, including the company’s head of global commodities strategy Natasha Kaneva, stated in a J.P. Morgan research note sent to Rigzone by Kaneva this week. “Combined oil reserves from Venezuela, Guyana, and the U.S. could give the U.S. about 30 percent of global oil reserves if consolidated under its influence,” the analysts said in the note. The J.P. Morgan analysts highlighted in the research note that Venezuela holds the world’s largest oil reserves, “particularly heavy crude needed by U.S. refiners”. “With 303 billion barrels of proven crude oil reserves, Venezuela represents nearly 20 percent of global reserves as of 2024 – more than any other country,” they pointed out. “If Guyana’s rapidly expanding discoveries are considered alongside U.S. conventional and unconventional reserves, the combined total could position the U.S. as a leading holder of global oil reserves, potentially accounting for about 30 percent of the world’s total if these figures are consolidated under U.S. influence,” they added. The analysts stated in the note that this would mark a notable shift in global energy dynamics. “With greater access to and influence over a substantial portion of global reserves, the U.S. could potentially exert more control over oil market trends, helping to stabilize prices and keep them within historically lower ranges,” the analysts said. “This increased leverage would not only enhance U.S. energy security but could also reshape the balance of power in international energy markets,” they added. In the note, the J.P. Morgan analysts revealed that they continue to maintain their view that “a regime change in Venezuela would immediately represent one of the largest upside risks to the global oil supply outlook for 2026-2027 and beyond”. “With a political transition, Venezuela could raise

Read More »

A new CRISPR startup is betting regulators will ease up on gene-editing

Here at MIT Technology Review we’ve been writing about the gene-editing technology CRISPR since 2013, calling it the biggest biotech breakthrough of the century. Yet so far, there’s been only one gene-editing drug approved. It’s been used commercially on only about 40 patients, all with sickle-cell disease. It’s becoming clear that the impact of CRISPR isn’t as big as we all hoped. In fact, there’s a pall of discouragement over the entire field—with some journalists saying the gene-editing revolution has “lost its mojo.” So what will it take for CRISPR to help more people? A new startup says the answer could be an “umbrella approach” to testing and commercializing treatments. Aurora Therapeutics, which has $16 million from Menlo Ventures and counts CRISPR co-inventor Jennifer Doudna as an advisor, essentially hopes to win approval for gene-editing drugs that can be slightly adjusted, or personalized, without requiring costly new trials or approvals for every new version. The need to change regulations around gene-editing treatments was endorsed in November by the head of the US Food and Drug Administration, Martin Makary, who said the agency would open a “new” regulatory pathway for “bespoke, personalized therapies” that can’t easily be tested in conventional ways. 
Aurora’s first target, the rare inherited disease phenylketonuria, also known as PKU, is a case in point. People with PKU lack a working version of an enzyme needed to use up the amino acid phenylalanine, a component of pretty much all meat and protein. If the amino acid builds up, it causes brain damage. So patients usually go on an onerous “diet for life” of special formula drinks and vegetables. In theory, gene editing can fix PKU. In mice, scientists have already restored the gene for the enzyme by rewriting DNA in liver cells, which both make the enzyme and are some of the easiest to reach with a gene-editing drug. The problem is that in human patients, many different mutations can affect the critical gene. According to Cory Harding, a researcher at Oregon Health Sciences University, scientists know about 1,600 different DNA mutations that cause PKU.
There’s no way anyone will develop 1,600 different gene-editing drugs. Instead, Aurora’s goal is to eventually win approval for a single gene editor that, with minor adjustments, could be used to correct several of the most common mutations, including one that’s responsible for about 10% of the estimated 20,000 PKU cases in the US. “We can’t have a separate [clinical trial] for each mutation,” says Edward Kaye, the CEO of Aurora. “The way the FDA approves gene editing has to change, and I think they’ve been very understanding that is the case.” A gene editor is a special protein that can zero in on a specific location in the genome and change it. To prepare one, Aurora will put genetic code for the editor into a nanoparticle along with a targeting molecule. In total, it will involve about 5,000 gene letters. But only 20 of them need to change in order to redirect the treatment to repair a different mutation. “Over 99% of the drug stays the same,” says Johnny Hu, a partner at Menlo Ventures, which put up the funding for the startup. The new company came together after Hu met over pizza with Fyodor Urnov, an outspoken gene-editing scientist at the University of California, Berkeley, who is Aurora’s cofounder and sits on its board. In 2022, Urnov had written a New York Times editorial bemoaning the “chasm” between what editing technology can do and the “legal, financial, and organizational” realities preventing researchers from curing people. “I went to Fyodor and said, ‘Hey, we’re getting all these great results in the clinic with CRISPR, but why hasn’t it scaled?” says Hu. Part of the reason is that most gene-editing companies are chasing the same few conditions, such as sickle-cell, where (as luck would have it) a single edit works for all patients. But that leaves around 400 million people who have 7,000 other inherited conditions without much hope to get their DNA fixed, Urnov estimated in his editorial. Then, last May, came the dramatic demonstration of the first fully “personalized” gene-editing treatment. A team in Philadelphia, assisted by Urnov and others, succeeded in correcting the DNA of a baby, named KJ Muldoon, who had an entirely unique mutation that caused a metabolic disease. Though it didn’t target PKU, the project showed that gene editing could theoretically fix some inherited diseases “on demand.” 

It also underscored a big problem. Treating a single child required a large team and cost millions in time, effort, and materials—all to create a drug that would never be used again.  That’s exactly the sort of situation the new “umbrella” trials are supposed to address. Kiran Musunuru, who co-led the team at the University of Pennsylvania, says he’s been in discussions with the FDA to open a study of bespoke gene editors this year focusing on diseases of the type Baby KJ had, called urea cycle disorders. Each time a new patient appears, he says, they’ll try to quickly put together a variant of their gene-editing drug that’s tuned to fix that child’s particular genetic problem. Musunuru, who isn’t involved with Aurora, does not think the company’s plans for PKU count as fully personalized editors. “These corporate PKU efforts have nothing whatsoever to do with Baby KJ,” he says. He says his center continues to focus on mutations “so ultra-rare that we don’t see any scenario where a for-profit gene-editing company would find that indication to be commercially viable.” Instead, what’s occurring in PKU, says Musunuru, is that researchers have realized they can assemble “a bunch” of the most frequent mutations “into a large enough group of patients to make a platform PKU therapy commercially viable.”  While that would still leave out many patients with extra-rare gene errors, Musunuru says any gene-editing treatment at all would still be “a big improvement over the status quo, which  is zero genetic therapies for PKU.”

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Equinor Dishes Out Supplier Agreements Worth $10B

Equinor revealed, in a statement posted on its website on Thursday, that it has awarded 12 framework agreements to seven supplier companies with a total value of around NOK 100 billion ($9.9 billion). The company highlighted in the statement that these new framework agreements are for maintenance and modifications on the company’s offshore installations and onshore plants. The supplier companies comprise Aibel AS, Aker Solutions AS, Wood Group Norway, Apply AS, Rosenberg Worley AS, Head Energy AS, and IKM Gruppen AS, Equinor revealed. Agreements start in the first half of this year, have a duration of five years, and include extension options of three and two years, Equinor pointed out in its statement. The company noted that the final portfolio distribution will be assigned when the contracts are signed, which it revealed “is planned in week four”. “These agreements lay the foundation for safe and competitive operations at Equinor’s offshore installations and onshore plants in the years to come,” Equinor said in the statement. “The agreements create predictability and ripple effects for the Norwegian supplier industry across the country,” it added. In its statement, Equinor revealed that, “to support the ambition of maintaining production around 1.2 million barrels of oil equivalent per day (2020 level) on the Norwegian continental shelf towards 2035”, the company is planning a series of actions. These include investing “about NOK 60-70 billion” ($5.9 billion to $6.9 billion) annually in increased recovery and new fields on the Norwegian continental shelf, drilling “around 250 exploration wells and about 600 wells for increased recovery”, performing 300 well interventions annually and “around 2,500 modification projects”, and maturing and developing over 75 subsea developments that can be tied to existing infrastructure, the statement outlined. They also include reducing the company’s own greenhouse gas emissions towards nearly 50 percent by 2030,

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Iberdrola Ups Dividend after Reaching $146B Capitalization

Iberdrola SA on Thursday declared an interim dividend of EUR 0.253 ($0.29) per share for 2025 results, up from the minimum of EUR 0.25 it announced October. Earlier the Spanish power and gas utility said it reached EUR 125 billion ($145.55 billion) in stock market value at the start of 2026, having increased its capitalization by nearly 40 percent in 2025. “The company is once again offering its shareholders three options in this edition of Iberdrola Flexible Remuneration: to receive the interim dividend amount in cash; to sell their allocation rights on the market; or to obtain new bonus shares from the group free of charge”, it said in an online statement, adding the options can be combined. Shareholders who opt for cash are to receive the interim dividend February 2. “Shareholders who opt to receive new shares must have 73 free allocation rights to receive a new share in the company”, Iberdrola said. The dividend announced Thursday would be backed by a supplementary dividend Iberdrola plans to pay in July if approved at its general shareholders’ meeting, it said. “In order to implement this new edition of the remuneration system, a capital increase with a maximum reference market value of EUR 1.713 billion will be carried out”, it said. Iberdrola said Tuesday it is now the top utility in Europe by market capitalization and the second-biggest in the world. It noted the milestone was achieved in the year marking the 125th anniversary of its founding as Hidroeléctrica Ibérica. According to its latest quarterly report, Iberdrola produced 96,047 gigawatt hours (GWh) net in the first nine months of 2025, with renewable energy accounting for 66,254 GWh. Spain led geographically, accounting for 48,794 GWh of Iberdrola’s total net production in the period. It was followed by the United States (18,436 GWh). Mexico was

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Equinor Dishes Out Supplier Agreements Worth $10B

Equinor revealed, in a statement posted on its website on Thursday, that it has awarded 12 framework agreements to seven supplier companies with a total value of around NOK 100 billion ($9.9 billion). The company highlighted in the statement that these new framework agreements are for maintenance and modifications on the company’s offshore installations and onshore plants. The supplier companies comprise Aibel AS, Aker Solutions AS, Wood Group Norway, Apply AS, Rosenberg Worley AS, Head Energy AS, and IKM Gruppen AS, Equinor revealed. Agreements start in the first half of this year, have a duration of five years, and include extension options of three and two years, Equinor pointed out in its statement. The company noted that the final portfolio distribution will be assigned when the contracts are signed, which it revealed “is planned in week four”. “These agreements lay the foundation for safe and competitive operations at Equinor’s offshore installations and onshore plants in the years to come,” Equinor said in the statement. “The agreements create predictability and ripple effects for the Norwegian supplier industry across the country,” it added. In its statement, Equinor revealed that, “to support the ambition of maintaining production around 1.2 million barrels of oil equivalent per day (2020 level) on the Norwegian continental shelf towards 2035”, the company is planning a series of actions. These include investing “about NOK 60-70 billion” ($5.9 billion to $6.9 billion) annually in increased recovery and new fields on the Norwegian continental shelf, drilling “around 250 exploration wells and about 600 wells for increased recovery”, performing 300 well interventions annually and “around 2,500 modification projects”, and maturing and developing over 75 subsea developments that can be tied to existing infrastructure, the statement outlined. They also include reducing the company’s own greenhouse gas emissions towards nearly 50 percent by 2030,

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Iberdrola Ups Dividend after Reaching $146B Capitalization

Iberdrola SA on Thursday declared an interim dividend of EUR 0.253 ($0.29) per share for 2025 results, up from the minimum of EUR 0.25 it announced October. Earlier the Spanish power and gas utility said it reached EUR 125 billion ($145.55 billion) in stock market value at the start of 2026, having increased its capitalization by nearly 40 percent in 2025. “The company is once again offering its shareholders three options in this edition of Iberdrola Flexible Remuneration: to receive the interim dividend amount in cash; to sell their allocation rights on the market; or to obtain new bonus shares from the group free of charge”, it said in an online statement, adding the options can be combined. Shareholders who opt for cash are to receive the interim dividend February 2. “Shareholders who opt to receive new shares must have 73 free allocation rights to receive a new share in the company”, Iberdrola said. The dividend announced Thursday would be backed by a supplementary dividend Iberdrola plans to pay in July if approved at its general shareholders’ meeting, it said. “In order to implement this new edition of the remuneration system, a capital increase with a maximum reference market value of EUR 1.713 billion will be carried out”, it said. Iberdrola said Tuesday it is now the top utility in Europe by market capitalization and the second-biggest in the world. It noted the milestone was achieved in the year marking the 125th anniversary of its founding as Hidroeléctrica Ibérica. According to its latest quarterly report, Iberdrola produced 96,047 gigawatt hours (GWh) net in the first nine months of 2025, with renewable energy accounting for 66,254 GWh. Spain led geographically, accounting for 48,794 GWh of Iberdrola’s total net production in the period. It was followed by the United States (18,436 GWh). Mexico was

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Shell Expects Weak Oil Trading Result for Q4

Shell Plc said its oil trading performance worsened in the fourth quarter as crude prices slumped, adding to signs that Big Oil is heading into a tougher earnings season.  Oil trading results for the year’s final three months are “expected to be significantly lower” than the previous quarter, Shell said in an update on Thursday, ahead of an earnings report due early next month. At the company’s troubled chemicals division, a “significant loss” is expected. The update comes at a time when the oil market is lurching into an oversupply that could make for challenging trading conditions in the months ahead. The international benchmark Brent plunged 18 percent last year and has been largely unaffected by turmoil in Venezuela, where the country’s president Nicolás Maduro has been captured by US forces. It’s a “rough end to the year” for Shell, RBC Capital Markets analyst Biraj Borkhataria said Thursday in a note. He had expected “a relatively weak quarter, and this looks worse than expected.” Shell’s shares fell as much as 2.3 percent in early London trading. Shell’s massive in-house trading business deals in oil, gas, fuels, chemicals and renewable power – trading both the company’s own production as well as supply from third parties. The energy major doesn’t disclose separate results for its traders, but the performance is closely watched as it can be a key driver of earnings. A strong trading performance in the third quarter was one of the reasons Shell cited for earnings that beat estimates.  Since taking over the London-based energy giant three years ago, Chief Executive Officer Wael Sawan has sought to cut costs and offload under-performing assets to improve the company’s balance sheet. This is his first test in a lower oil-price environment that will pressure the firm’s ability to maintain its level of share buybacks. US rival Exxon Mobil

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National Grid Unveils New Plan for Anglo-Dutch Cable Link

National Grid PLC on Thursday announced route changes for the proposed LionLink cable to the Netherlands, a project with TenneT BV. The interconnector is designed to carry up to two gigawatts of wind electricity, enough for about 2.5 million British homes, according to National Grid. LionLink would connect a wind farm offshore the Netherlands to the Dutch and UK grids, with a targeted start of operation in 2032, National Grid says on the project webpage. The power transmission and distribution operator said in an online statement Thursday it would launch an eight-week public consultation for its new plan for the cable to start underground in Suffolk’s Walberswick, “a decision made following an assessment of the environment and local residents’ concerns around access constraints and traffic impacts”. “An alternative underground HVDC [high-voltage direct current] cable corridor to the north of Southwold was discounted following the consultations”, National Grid said. “NGV is also working closely with local authorities to ensure no construction takes place on the beach, and there is no visible infrastructure once the project is complete”, it added, referring to National Grid Ventures, its unit tasked with building and operating LionLink. “84 percent of the UK section of the LionLink cable will be offshore, and all onshore sections will be buried underground”. The new plan was based on non-statutory consultations in 2022 and 2023, LionLink project director Gareth Burden said. “We are coordinating with other developers in Suffolk on a regular basis so that where possible, we can work together to ensure construction is carried out in manageable sections, and we can avoid long-term disruption in any one area”, Burden added. National Grid noted, “LionLink is set to be one of the first projects of its kind, helping to shape the future of offshore renewable energy by combining wind generation and

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Oil Prices Jump as Short Covering Builds

Oil moved higher as traders digested a mix of geopolitical risks that could add a premium to prices while continuing to assess US measures to exert control over Venezuela’s oil. West Texas Intermediate rose 3.2% to settle below $58 a barrel. Prices continued to climb after settlement, rising more than 1% and leaving the market poised to wipe out losses from earlier in the week. President Donald Trump threatened to hit Iran “hard” if the country’s government killed protesters amid an ongoing period of unrest. A disruption to Iranian supply would prove an unexpected hurdle in a market that’s currently anticipating a glut of oil. Adding to the bullish momentum, an annual period of commodity index rebalancing is expected to see cash flow back into crude over the next few days. Call skews for Brent have also strengthened as traders pile into the options market to hedge. And entering the day, trend-following commodity trading advisers were 91% short in WTI, according to data from Kpler’s Bridgeton Research group. That positioning can leave traders rushing to cover shorts in the event of a price spike. The confluence of bullish events arrived as traders were weighing the US’s efforts to control the Venezuelan oil industry. Energy Secretary Chris Wright said the US plans to control sales of Venezuelan oil and would initially offer stored crude, while the Energy Department said barrels already were being marketed. State-owned Petroleos de Venezuela SA said it’s in negotiations with Washington over selling crude through a framework similar to an arrangement with Chevron Corp., the only supermajor operating in the country. Meanwhile, President Donald Trump told the New York Times that US oversight of the country could last years and that “the oil will take a while.” “We are really talking about a trade-flow shift as the

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Survey Shows OPEC Held Supply Flat Last Month

OPEC’s crude production held steady in December as a slump in Venezuela’s output to the lowest in two years was offset by increases in Iraq and some other members, a Bloomberg survey showed.  The Organization of the Petroleum Exporting Countries pumped an average of just over 29 million barrels a day, little changed from the previous month, according to the survey. Venezuelan output declined by about 14% to 830,000 barrels a day as the US blocked and seized tankers as part of a strategy to pressure the country’s leadership. Supplies increased from Iraq and a few other nations as they pressed on with the last in a series of collective increases before a planned pause in the first quarter of this year. The alliance, led by Saudi Arabia, aims to keep output steady through the end of March while global oil markets confront a surplus. World markets have been buffeted this week after President Donald Trump’s administration captured Venezuelan leader Nicolás Maduro, and said it would assume control of the OPEC member’s oil exports indefinitely.  While Trump has said that US oil companies will invest billions of dollars to rebuild Venezuela’s crumbling energy infrastructure, the nation’s situation in the short term remains precarious. Last month, Caracas was forced to shutter wells at the oil-rich Orinoco Belt amid the American blockade.  The shock move is the latest in an array of geopolitical challenges confronting the broader OPEC+ coalition, ranging from forecasts of a record supply glut to unrest in Iran and Russia’s ongoing war against Ukraine, which is taking a toll on the oil exports of fellow alliance member Kazakhstan. Oil prices are trading near the lowest in five years at just over $60 a barrel in London, squeezing the finances of OPEC+ members. Amid the uncertain backdrop, eight key nations agreed again this month to freeze output levels during the first quarter,

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LG rolls out new AI services to help consumers with daily tasks

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More LG kicked off the AI bandwagon today with a new set of AI services to help consumers in their daily tasks at home, in the car and in the office. The aim of LG’s CES 2025 press event was to show how AI will work in a day of someone’s life, with the goal of redefining the concept of space, said William Joowan Cho, CEO of LG Electronics at the event. The presentation showed LG is fully focused on bringing AI into just about all of its products and services. Cho referred to LG’s AI efforts as “affectionate intelligence,” and he said it stands out from other strategies with its human-centered focus. The strategy focuses on three things: connected devices, capable AI agents and integrated services. One of things the company announced was a strategic partnership with Microsoft on AI innovation, where the companies pledged to join forces to shape the future of AI-powered spaces. One of the outcomes is that Microsoft’s Xbox Ultimate Game Pass will appear via Xbox Cloud on LG’s TVs, helping LG catch up with Samsung in offering cloud gaming natively on its TVs. LG Electronics will bring the Xbox App to select LG smart TVs. That means players with LG Smart TVs will be able to explore the Gaming Portal for direct access to hundreds of games in the Game Pass Ultimate catalog, including popular titles such as Call of Duty: Black Ops 6, and upcoming releases like Avowed (launching February 18, 2025). Xbox Game Pass Ultimate members will be able to play games directly from the Xbox app on select LG Smart TVs through cloud gaming. With Xbox Game Pass Ultimate and a compatible Bluetooth-enabled

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Big tech must stop passing the cost of its spiking energy needs onto the public

Julianne Malveaux is an MIT-educated economist, author, educator and political commentator who has written extensively about the critical relationship between public policy, corporate accountability and social equity.  The rapid expansion of data centers across the U.S. is not only reshaping the digital economy but also threatening to overwhelm our energy infrastructure. These data centers aren’t just heavy on processing power — they’re heavy on our shared energy infrastructure. For Americans, this could mean serious sticker shock when it comes to their energy bills. Across the country, many households are already feeling the pinch as utilities ramp up investments in costly new infrastructure to power these data centers. With costs almost certain to rise as more data centers come online, state policymakers and energy companies must act now to protect consumers. We need new policies that ensure the cost of these projects is carried by the wealthy big tech companies that profit from them, not by regular energy consumers such as family households and small businesses. According to an analysis from consulting firm Bain & Co., data centers could require more than $2 trillion in new energy resources globally, with U.S. demand alone potentially outpacing supply in the next few years. This unprecedented growth is fueled by the expansion of generative AI, cloud computing and other tech innovations that require massive computing power. Bain’s analysis warns that, to meet this energy demand, U.S. utilities may need to boost annual generation capacity by as much as 26% by 2028 — a staggering jump compared to the 5% yearly increases of the past two decades. This poses a threat to energy affordability and reliability for millions of Americans. Bain’s research estimates that capital investments required to meet data center needs could incrementally raise consumer bills by 1% each year through 2032. That increase may

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Final 45V hydrogen tax credit guidance draws mixed response

Dive Brief: The final rule for the 45V clean hydrogen production tax credit, which the U.S. Treasury Department released Friday morning, drew mixed responses from industry leaders and environmentalists. Clean hydrogen development within the U.S. ground to a halt following the release of the initial guidance in December 2023, leading industry participants to call for revisions that would enable more projects to qualify for the tax credit. While the final rule makes “significant improvements” to Treasury’s initial proposal, the guidelines remain “extremely complex,” according to the Fuel Cell and Hydrogen Energy Association. FCHEA President and CEO Frank Wolak and other industry leaders said they look forward to working with the Trump administration to refine the rule. Dive Insight: Friday’s release closed what Wolak described as a “long chapter” for the hydrogen industry. But industry reaction to the final rule was decidedly mixed, and it remains to be seen whether the rule — which could be overturned as soon as Trump assumes office — will remain unchanged. “The final 45V rule falls short,” Marty Durbin, president of the U.S. Chamber’s Global Energy Institute, said in a statement. “While the rule provides some of the additional flexibility we sought, … we believe that it still will leave billions of dollars of announced projects in limbo. The incoming Administration will have an opportunity to improve the 45V rules to ensure the industry will attract the investments necessary to scale the hydrogen economy and help the U.S. lead the world in clean manufacturing.” But others in the industry felt the rule would be sufficient for ending hydrogen’s year-long malaise. “With this added clarity, many projects that have been delayed may move forward, which can help unlock billions of dollars in investments across the country,” Kim Hedegaard, CEO of Topsoe’s Power-to-X, said in a statement. Topsoe

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Texas, Utah, Last Energy challenge NRC’s ‘overburdensome’ microreactor regulations

Dive Brief: A 69-year-old Nuclear Regulatory Commission rule underpinning U.S. nuclear reactor licensing exceeds the agency’s statutory authority and creates an unreasonable burden for microreactor developers, the states of Texas and Utah and advanced nuclear technology company Last Energy said in a lawsuit filed Dec. 30 in federal court in Texas. The plaintiffs asked the Eastern District of Texas court to exempt Last Energy’s 20-MW reactor design and research reactors located in the plaintiff states from the NRC’s definition of nuclear “utilization facilities,” which subjects all U.S. commercial and research reactors to strict regulatory scrutiny, and order the NRC to develop a more flexible definition for use in future licensing proceedings. Regardless of its merits, the lawsuit underscores the need for “continued discussion around proportional regulatory requirements … that align with the hazards of the reactor and correspond to a safety case,” said Patrick White, research director at the Nuclear Innovation Alliance. Dive Insight: Only three commercial nuclear reactors have been built in the United States in the past 28 years, and none are presently under construction, according to a World Nuclear Association tracker cited in the lawsuit. “Building a new commercial reactor of any size in the United States has become virtually impossible,” the plaintiffs said. “The root cause is not lack of demand or technology — but rather the [NRC], which, despite its name, does not really regulate new nuclear reactor construction so much as ensure that it almost never happens.” More than a dozen advanced nuclear technology developers have engaged the NRC in pre-application activities, which the agency says help standardize the content of advanced reactor applications and expedite NRC review. Last Energy is not among them.  The pre-application process can itself stretch for years and must be followed by a formal application that can take two

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Qualcomm unveils AI chips for PCs, cars, smart homes and enterprises

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Qualcomm unveiled AI technologies and collaborations for PCs, cars, smart homes and enterprises at CES 2025. At the big tech trade show in Las Vegas, Qualcomm Technologies showed how it’s using AI capabilities in its chips to drive the transformation of user experiences across diverse device categories, including PCs, automobiles, smart homes and into enterprises. The company unveiled the Snapdragon X platform, the fourth platform in its high-performance PC portfolio, the Snapdragon X Series, bringing industry-leading performance, multi-day battery life, and AI leadership to more of the Windows ecosystem. Qualcomm has talked about how its processors are making headway grabbing share from the x86-based AMD and Intel rivals through better efficiency. Qualcomm’s neural processing unit gets about 45 TOPS, a key benchmark for AI PCs. The Snapdragon X family of AI PC processors. Additionally, Qualcomm Technologies showcased continued traction of the Snapdragon X Series, with over 60 designs in production or development and more than 100 expected by 2026. Snapdragon for vehicles Qualcomm demoed chips that are expanding its automotive collaborations. It is working with Alpine, Amazon, Leapmotor, Mobis, Royal Enfield, and Sony Honda Mobility, who look to Snapdragon Digital Chassis solutions to drive AI-powered in-cabin and advanced driver assistance systems (ADAS). Qualcomm also announced continued traction for its Snapdragon Elite-tier platforms for automotive, highlighting its work with Desay, Garmin, and Panasonic for Snapdragon Cockpit Elite. Throughout the show, Qualcomm will highlight its holistic approach to improving comfort and focusing on safety with demonstrations on the potential of the convergence of AI, multimodal contextual awareness, and cloudbased services. Attendees will also get a first glimpse of the new Snapdragon Ride Platform with integrated automated driving software stack and system definition jointly

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Oil, Gas Execs Reveal Where They Expect WTI Oil Price to Land in the Future

Executives from oil and gas firms have revealed where they expect the West Texas Intermediate (WTI) crude oil price to be at various points in the future as part of the fourth quarter Dallas Fed Energy Survey, which was released recently. The average response executives from 131 oil and gas firms gave when asked what they expect the WTI crude oil price to be at the end of 2025 was $71.13 per barrel, the survey showed. The low forecast came in at $53 per barrel, the high forecast was $100 per barrel, and the spot price during the survey was $70.66 per barrel, the survey pointed out. This question was not asked in the previous Dallas Fed Energy Survey, which was released in the third quarter. That survey asked participants what they expect the WTI crude oil price to be at the end of 2024. Executives from 134 oil and gas firms answered this question, offering an average response of $72.66 per barrel, that survey showed. The latest Dallas Fed Energy Survey also asked participants where they expect WTI prices to be in six months, one year, two years, and five years. Executives from 124 oil and gas firms answered this question and gave a mean response of $69 per barrel for the six month mark, $71 per barrel for the year mark, $74 per barrel for the two year mark, and $80 per barrel for the five year mark, the survey showed. Executives from 119 oil and gas firms answered this question in the third quarter Dallas Fed Energy Survey and gave a mean response of $73 per barrel for the six month mark, $76 per barrel for the year mark, $81 per barrel for the two year mark, and $87 per barrel for the five year mark, that

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Deploying a hybrid approach to Web3 in the AI era

In partnership withAIOZ Network When the concept of “Web 3.0” first emerged about a decade ago the idea was clear: Create a more user-controlled internet that lets you do everything you can now, except without servers or intermediaries to manage the flow of information. Where Web2, which emerged in the early 2000s, relies on centralized systems to store data and supply compute, all owned—and monetized by—a handful of global conglomerates, Web3 turns that structure on its head. Instead, data and compute are decentralized through technologies like blockchain and peer-to-peer networks. What was once a futuristic concept is quickly becoming a more concrete reality, even at a time when Web2 still dominates. Six out of ten Fortune 500 companies are exploring blockchain-based solutions, most taking a hybrid approach that combines traditional Web2 business models and infrastructure with the decentralized technologies and principles of Web3. Popular use cases include cloud services, supply chain management, and, most notably financial services. In fact, at one point, the daily volume of transactions processed on decentralized finance exchanges exceeded $10 billion.
Gaining a Web3 edge Among the advantages of Web3 for the enterprise are greater ownership and control of sensitive data, says Erman Tjiputra, founder and CEO of the AIOZ Network, which is building infrastructure for Web3, powered by decentralized physical infrastructure networks (DePIN), blockchain-based systems that govern physical infrastructure assets. More cost-effective compute is another benefit, as is enhanced security and privacy as the cyberattack landscape grows more hostile, he adds. And it could even help protect companies from outages caused by a single point of failure, which can lead to downtime, data loss, and revenue deficits.
But perhaps the most exciting opportunity, says Tjiputra, is the ability to build and scale AI reliably and affordably. By leveraging a people-powered internet infrastructure, companies can far more easily access—and contribute to—shared resource like bandwidth, storage, and processing power to run AI inference, train models, and store data. All while using familiar developer tooling and open, usage-based incentives. “We’re in a compute crunch where requirements are insatiable, and Web3 creates this ability to benefit while contributing,” explains Tjiputra. In 2025, AIOZ Network launched a distributed compute platform and marketplace where developers and enterprises can access and monetize AI assets, and run AI inference or training on AIOZ Network’s more than 300,000 contributing devices. The model allows companies to move away from opaque datasets and models and scale flexibly, without centralized lock in. Overcoming Web3 deployment challenges Despite the promise, it is still early days for Web3, and core systemic challenges are leaving senior leadership and developers hesitant about its applicability at scale. One hurdle is a lack of interoperability. The current fragmentation of blockchain networks creates a segregated ecosystem that makes it challenging to transfer assets or data between platforms. This often complicates transactions and introduces new security risks due to the reliance on mechanisms such as cross-chain bridges. These are tools that allow asset transfers between platforms but which have been shown to be vulnerable to targeted attacks. “We have countless blockchains running on different protocols and consensus models,” says Tjiputra. “These blockchains need to work with each other so applications can communicate regardless of which chain they are on. This makes interoperability fundamental.” Regulatory uncertainty is also a challenge. Outdated legal frameworks can sit at odds with decentralized infrastructures, especially when it comes to compliance with data protection and anti-money laundering regulations. “Enterprises care about verifiability and compliance as much as innovation, so we need frameworks where on-chain transparency strengthens accountability instead of adding friction,” Tjiputra says.

And this is compounded by user experience (UX) challenges, says Tjiputra. “The biggest setback in Web3 today is UX,” he says. “For example, in Web2, if I forget my bank username or password, I can still contact the bank, log in and access my assets. The trade-off in Web3 is that, should that key be compromised or lost, we lose access to those assets. So, key recovery is a real problem.” Building a bridge to Web3 Although such systemic challenges won’t be solved overnight, by leveraging DePIN networks, enterprises can bridge the gap between Web2 and Web3, without making a wholesale switch. This can minimize risk while harnessing much of the potential. AIOZ Network’s own ecosystem includes capacity for media streaming, AI compute, and distributed storage that can be plugged into an existing Web2 tech stack. “You don’t need to go full Web3,” says Tjiputra. “You can start by plugging distributed storage into your workflow, test it, measure it, and see the benefits firsthand.” The AIOZ Storage solution, for example, offers scalable distributed object storage by leveraging the global network of contributor devices on AIOZ DePIN. It is also compatible with existing storage systems or commonly used web application programming interfaces (APIs). “Say we have a programmer or developer who uses Amazon S3 Storage or REST APIs, then all they need to do is just repoint the endpoints,” explains Tjiputra. “That’s it. It’s the same tools, it’s really simple. Even with media, with a single one-stop shop, developers can do transcoding and streaming with a simple REST API.” Built on Cosmos, a network of hundreds of different blockchains that can communicate with each other, and a standardized framework enabled by Ethereum Virtual Machine (EVM), AIOZ Network has also prioritized interoperability. “Applications shouldn’t care which chain they’re on. Developers should target APIs without worrying about consensus mechanisms. That’s why we built on Cosmos and EVM—interoperability first.” This hybrid model, which allows enterprises to use both Web2 and Web3 advantages in tandem, underpins what Tjiputra sees as the longer-term ambition for the much-hyped next iteration of the internet. “Our vision is a truly peer-to-peer foundation for a people-powered internet, one that minimizes single points of failure through multi-region, multi-operator design,” says Tjiputra. “By distributing compute and storage across contributors, we gain both cost efficiency and end-to-end security by default.
“Ideally, we want to evolve the internet toward a more people-powered model, but we’re not there yet. We’re still at the starting point and growing.” Indeed, Web3 isn’t quite snapping at the heels of the world’s Web2 giants, but its commercial advantages in an era of AI have become much harder to ignore. And with DePIN bridging the gap, enterprises and developers can step into that potential while keeping one foot on surer ground.
To learn more from AIOZ Network, you can read the AIOZ Network Vision Paper. This content was produced by Insights, the custom content arm of MIT Technology Review. It was not written by MIT Technology Review’s editorial staff. This content was researched, designed, and written by human writers, editors, analysts, and illustrators. This includes the writing of surveys and collection of data for surveys. AI tools that may have been used were limited to secondary production processes that passed thorough human review.

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The Download: war in Europe, and the company that wants to cool the planet

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Europe’s drone-filled vision for the future of war Last spring, 3,000 British soldiers deployed an invisible automated intelligence network, known as a “digital targeting web,” as part of a NATO exercise called Hedgehog in the damp forests of Estonia’s eastern territories.The system had been cobbled together over the course of four months—an astonishing pace for weapons development, which is usually measured in years. Its purpose is to connect everything that looks for targets—“sensors,” in military lingo—and everything that fires on them (“shooters”) to a single, shared wireless electronic brain.Eighty years after total war last transformed the continent, the Hedgehog tests signal a brutal new calculus of European defense. But leaning too much on this new mathematics of warfare could be a risky bet. Read the full story. —Arthur Holland Michel
This story is from the next print issue of MIT Technology Review magazine. If you haven’t already, subscribe now to receive it once it lands.
MIT Technology Review Narrated: How one controversial startup hopes to cool the planet Stardust Solutions believes that it can solve climate change—for a price.The Israel-based geoengineering startup has said it expects nations will soon pay it more than a billion dollars a year to launch specially equipped aircraft into the stratosphere. Once they’ve reached the necessary altitude, those planes will disperse particles engineered to reflect away enough sunlight to cool down the planet, purportedly without causing environmental side effects.  But numerous solar geoengineering researchers are skeptical that Stardust will line up the customers it needs to carry out a global deployment in the next decade. They’re also highly critical of the idea of a private company setting the global temperature for us. This is our latest story to be turned into a MIT Technology Review Narrated podcast, which we’re publishing each week on Spotify and Apple Podcasts. Just navigate to MIT Technology Review Narrated on either platform, and follow us to get all our new content as it’s released. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Amazon has been accused of listing products without retailers’ consentSmall shop owners claim Amazon’s AI tool sold their goods without their permission. (Bloomberg $)+ It also listed products the shops didn’t actually have in stock. (CNBC)+ A new feature called “Shop Direct” appears to be to blame. (Insider $)2 Data centers are a political issue Opposition to them is uniting communities across the political divide. (WP $)+ Power-grid operators have suggested the centers power down at certain times. (WSJ $)+ The data center boom in the desert. (MIT Technology Review)

3 Things are looking up for the nuclear power industryThe Trump administration is pumping money into it—but success is not guaranteed. (NYT $)+ Why the grid relies on nuclear reactors in the winter. (MIT Technology Review)4 A new form of climate modelling pins blame on specific companiesIt may not be too long until we see the first case of how attribution science holds up in court. (New Scientist $)+ Google, Amazon and the problem with Big Tech’s climate claims. (MIT Technology Review) 5 Meta has paused the launch of its Ray-Ban smartglasses 🕶️They’re just too darn popular, apparently. (Engadget)+ Europe and Canada will just have to wait. (Gizmodo)+ It’s blaming supply shortages and “unprecedented” demand. (Insider $) 6 Sperm contains information about a father’s fitness and dietNew research is shedding light on how we think about heredity. (Quanta Magazine) 7 Meta is selling online gambling ads in countries where it’s illegalIt’s ignoring local laws across Asia and the Middle East. (Rest of World) 8 AI isn’t always trying to steal your jobSometimes it makes your toy robot a better companion. (The Verge)+ How cuddly robots could change dementia care. (MIT Technology Review) 9 How to lock down a job at one of tech’s biggest companiesYou’re more likely to be accepted into Harvard, apparently. (Fast Company $)10 Millennials are falling out of love with the internetIs a better future still possible? (Vox)+ How to fix the internet. (MIT Technology Review) Quote of the day
“I want to keep up with the latest doom.” —Author Margaret Atwood explains why she doomscrolls to Wired.
One more thing Inside the decades-long fight over Yahoo’s misdeeds in ChinaWhen you think of Big Tech these days, Yahoo is probably not top of mind. But for Chinese dissident Xu Wanping, the company still looms large—and has for nearly two decades.In 2005, Xu was arrested for signing online petitions relating to anti-Japanese protests. He didn’t use his real name, but he did use his Yahoo email address. Yahoo China violated its users’ trust—providing information on certain email accounts to Chinese law enforcement, which in turn allowed the government to identify and arrest some users.Xu was one of them; he would serve nine years in prison. Now, he and five other Chinese former political prisoners are suing Yahoo and a slate of co-defendants—not because of the company’s information-sharing (which was the focus of an earlier lawsuit filed by other plaintiffs), but rather because of what came after. Read the full story. —Eileen Guo We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.) + It’s time to celebrate the life and legacy of Cecilia Giménez Zueco, the legendary Spanish amateur painter whose botched fresco restoration reached viral fame in 2012.+ If you’re a sci-fi literature fan, there’s plenty of new releases to look forward to in 2026.+ Last week’s wolf supermoon was a sight to behold.+ This Mississippi restaurant is putting its giant lazy Susan to good use.

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This Nobel Prize–winning chemist dreams of making water from thin air

Omar Yaghi was a quiet child, diligent, unlikely to roughhouse with his nine siblings. So when he was old enough, his parents tasked him with one of the family’s most vital chores: fetching water. Like most homes in his Palestinian neighborhood in Amman, Jordan, the Yaghis’ had no electricity or running water. At least once every two weeks, the city switched on local taps for a few hours so residents could fill their tanks. Young Omar helped top up the family supply. Decades later, he says he can’t remember once showing up late. The fear of leaving his parents, seven brothers, and two sisters parched kept him punctual. Yaghi proved so dependable that his father put him in charge of monitoring how much the cattle destined for the family butcher shop ate and drank. The best-­quality cuts came from well-fed, hydrated animals—a challenge given that they were raised in arid desert. Specially designed materials called metal-organic frameworks can pull water from the air like a sponge—and then give it back. But at 10 years old, Yaghi learned of a different occupation. Hoping to avoid a rambunctious crowd at recess, he found the library doors in his school unbolted and sneaked in. Thumbing through a chemistry textbook, he saw an image he didn’t understand: little balls connected by sticks in fascinating shapes. Molecules. The building blocks of everything. “I didn’t know what they were, but it captivated my attention,” Yaghi says. “I kept trying to figure out what they might be.” That’s how he discovered chemistry—or maybe how chemistry discovered him. After coming to the United States and, eventually, a postdoctoral program at Harvard University, Yaghi devoted his career to finding ways to make entirely new and fascinating shapes for those little sticks and balls. In October 2025, he was one of three scientists who won a Nobel Prize in chemistry for identifying metal-­organic frameworks, or MOFs—metal ions tethered to organic molecules that form repeating structural landscapes. Today that work is the basis for a new project that sounds like science fiction, or a miracle: conjuring water out of thin air. When he first started working with MOFs, Yaghi thought they might be able to absorb climate-damaging carbon dioxide—or maybe hold hydrogen molecules, solving the thorny problem of storing that climate-friendly but hard-to-contain fuel. But then, in 2014, Yaghi’s team of researchers at UC Berkeley had an epiphany. The tiny pores in MOFs could be designed so the material would pull water molecules from the air around them, like a sponge—and then, with just a little heat, give back that water as if squeezed dry. Just one gram of a water-absorbing MOF has an internal surface area of roughly 7,000 square meters.
Yaghi wasn’t the first to try to pull potable water from the atmosphere. But his method could do it at lower levels of humidity than rivals—potentially shaking up a tiny, nascent industry that could be critical to humanity in the thirsty decades to come. Now the company he founded, called Atoco, is racing to demonstrate a pair of machines that Yaghi believes could produce clean, fresh, drinkable water virtually anywhere on Earth, without even hooking up to an energy supply. That’s the goal Yaghi has been working toward for more than a decade now, with the rigid determination that he learned while doing chores in his father’s butcher shop.
“It was in that shop where I learned how to perfect things, how to have a work ethic,” he says. “I learned that a job is not done until it is well done. Don’t start a job unless you can finish it.” Most of Earth is covered in water, but just 3% of it is fresh, with no salt—the kind of water all terrestrial living things need. Today, desalination plants that take the salt out of seawater provide the bulk of potable water in technologically advanced desert nations like Israel and the United Arab Emirates, but at a high cost. Desalination facilities either heat water to distill out the drinkable stuff or filter it with membranes the salt doesn’t pass through; both methods require a lot of energy and leave behind concentrated brine. Typically desal pumps send that brine back into the ocean, with devastating ecological effects. Heiner Linke, chair of the Nobel Committee for Chemistry, uses a model to explain how metalorganic frameworks (MOFs) can trap smaller molecules inside. In October 2025, Yaghi and two other scientists won the Nobel Prize in chemistry for identifying MOFs.JONATHAN NACKSTRAND/GETTY IMAGES I was talking to Atoco executives about carbon dioxide capture earlier this year when they mentioned the possibility of harvesting water from the atmosphere. Of course my mind immediately jumped to Star Wars, and Luke Skywalker working on his family’s moisture farm, using “vaporators” to pull water from the atmosphere of the arid planet Tatooine. (Other sci-fi fans’ minds might go to Dune, and the water-gathering technology of the Fremen.) Could this possibly be real? It turns out people have been doing it for millennia. Archaeological evidence of water harvesting from fog dates back as far as 5000 BCE. The ancient Greeks harvested dew, and 500 years ago so did the Inca, using mesh nets and buckets under trees. Today, harvesting water from the air is a business already worth billions of dollars, say industry analysts—and it’s on track to be worth billions more in the next five years. In part that’s because typical sources of fresh water are in crisis. Less snowfall in mountains during hotter winters means less meltwater in the spring, which means less water downstream. Droughts regularly break records. Rising seas seep into underground aquifers, already drained by farming and sprawling cities. Aging septic tanks leach bacteria into water, and cancer-causing “forever chemicals” are creating what the US Government Accountability Office last year said “may be the biggest water problem since lead.” That doesn’t even get to the emerging catastrophe from microplastics. So lots of places are turning to atmospheric water harvesting. Watergen, an Israel-based company working on the tech, initially planned on deploying in the arid, poorer parts of the world. Instead, buyers in Europe and the United States have approached the company as a way to ensure a clean supply of water. And one of Watergen’s biggest markets is the wealthy United Arab Emirates. “When you say ‘water crisis,’ it’s not just the lack of water—it’s access to good-quality water,” says Anna Chernyavsky, Watergen’s vice president of marketing.
In other words, the technology “has evolved from lab prototypes to robust, field-deployable systems,” says Guihua Yu, a mechanical engineer at the University of Texas at Austin. “There is still room to improve productivity and energy efficiency in the whole-system level, but so much progress has been steady and encouraging.” MOFs are just the latest approach to the idea. The first generation of commercial tech depended on compressors and refrigerant chemicals—large-scale versions of the machine that keeps food cold and fresh in your kitchen. Both use electricity and a clot of pipes and exchangers to make cold by phase-shifting a chemical from gas to liquid and back; refrigerators try to limit condensation, and water generators basically try to enhance it. That’s how Watergen’s tech works: using a compressor and a heat exchanger to wring water from air at humidity levels as low as 20%—Death Valley in the spring. “We’re talking about deserts,” Chernyavsky says. “Below 20%, you get nosebleeds.” A Watergen unit provides drinking water to students and staff at St. Joseph’s, a girls’ school in Freetown, Sierra Leone. “When you say ‘water crisis,’ it’s not just the lack of water— it’s access to good-quality water,” says Anna Chernyavsky, Watergen’s vice president of marketing.COURTESY OF WATERGEN That still might not be good enough. “Refrigeration works pretty well when you are above a certain relative humidity,” says Sameer Rao, a mechanical engineer at the University of Utah who researches atmospheric water harvesting. “As the environment dries out, you go to lower relative humidities, and it becomes harder and harder. In some cases, it’s impossible for refrigeration-based systems to really work.”
So a second wave of technology has found a market. Companies like Source Global use desiccants—substances that absorb moisture from the air, like the silica packets found in vitamin bottles—to pull in moisture and then release it when heated. In theory, the benefit of desiccant-­based tech is that it could absorb water at lower humidity levels, and it uses less energy on the front end since it isn’t running a condenser system. Source Global claims its off-grid, solar-powered system is deployed in dozens of countries. But both technologies still require a lot of energy, either to run the heat exchangers or to generate sufficient heat to release water from the desiccants. MOFs, Yaghi hopes, do not. Now Atoco is trying to prove it. Instead of using heat exchangers to bring the air temperature to dew point or desiccants to attract water from the atmosphere, a system can rely on specially designed MOFs to attract water molecules. Atoco’s prototype version uses an MOF that looks like baby powder, stuck to a surface like glass. The pores in the MOF naturally draw in water molecules but remain open, making it theoretically easy to discharge the water with no more heat than what comes from direct sunlight. Atoco’s industrial-scale design uses electricity to speed up the process, but the company is working on a second design that can operate completely off grid, without any energy input. Yaghi’s Atoco isn’t the only contender seeking to use MOFs for water harvesting. A competitor, AirJoule, has introduced MOF-based atmospheric water generators in Texas and the UAE and is working with researchers at Arizona State University, planning to deploy more units in the coming months. The company started out trying to build more efficient air-­conditioning for electric buses operating on hot, humid city streets. But then founder Matt Jore heard about US government efforts to harvest water from air—and pivoted. The startup’s stock price has been a bit of a roller-­coaster, but Jore says the sheer size of the market should keep him in business. Take Maricopa County, encompassing Phoenix and its environs—it uses 1.2 billion gallons of water from its shrinking aquifer every day, and another 874 million gallons from surface sources like rivers. “So, a couple of billion gallons a day, right?” Jore tells me. “You know how much influx is in the atmosphere every day? Twenty-five billion gallons.”
My eyebrows go up. “Globally?” “Just the greater Phoenix area gets influx of about 25 billion gallons of water in the air,” he says. “If you can tap into it, that’s your source. And it’s not going away. It’s all around the world. We view the atmosphere as the world’s free pipeline.” Besides AirJoule’s head start on Atoco, the companies also differ on where they get their MOFs. AirJoule’s system relies on an off-the-shelf version the company buys from the chemical giant BASF; Atoco aims to use Yaghi’s skill with designing the novel material to create bespoke MOFs for different applications and locations. “Given the fact that we have the inventor of the whole class of materials, and we leverage the stuff that comes out of his lab at Berkeley—everything else equal, we have a good starting point to engineer maybe the best materials in the world,” says Magnus Bach, Atoco’s VP of business development. Yaghi envisions a two-pronged product line. Industrial-scale water generators that run on electricity would be capable of producing thousands of liters per day on one end, while units that run on passive systems could operate in remote locations without power, just harnessing energy from the sun and ambient temperatures. In theory, these units could someday replace desalination and even entire municipal water supplies. The next round of field tests is scheduled for early 2026, in the Mojave Desert—one of the hottest, driest places on Earth. “That’s my dream,” Yaghi says. “To give people water independence, so they’re not reliant on another party for their lives.” Both Yaghi and Watergen’s Chernyavsky say they’re looking at more decentralized versions that could operate outside municipal utility systems. Home appliances, similar to rooftop solar panels and batteries, could allow households to generate their own water off grid.
That could be tricky, though, without economies of scale to bring down prices. “You have to produce, you have to cool, you have to filter—all in one place,” Chernyavsky says. “So to make it small is very, very challenging.” Difficult as that may be, Yaghi’s childhood gave him a particular appreciation for the freedom to go off grid, to liberate the basic necessity of water from the whims of systems that dictate when and how people can access it.
“That’s really my dream,” he says. “To give people independence, water independence, so that they’re not reliant on another party for their livelihood or lives.” Toward the end of one of our conversations, I asked Yaghi what he would tell the younger version of himself if he could. “Jordan is one of the worst countries in terms of the impact of water stress,” he said. “I would say, ‘Continue to be diligent and observant. It doesn’t really matter what you’re pursuing, as long as you’re passionate.’” I pressed him for something more specific: “What do you think he’d say when you described this technology to him?” Yaghi smiled: “I think young Omar would think you’re putting him on, that this is all fictitious and you’re trying to take something from him.” This reality, in other words, would be beyond young Omar’s wildest dreams. Alexander C. Kaufman is a reporter who has covered energy, climate change, pollution, business, and geopolitics for more than a decade.

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Creating psychological safety in the AI era

In partnership withInfosys Topaz Rolling out enterprise-grade AI means climbing two steep cliffs at once. First, understanding and implementing the tech itself. And second, creating the cultural conditions where employees can maximize its value. While the technical hurdles are significant, the human element can be even more consequential; fear and ambiguity can stall momentum of even the most promising initiatives. Psychological safety—feeling free to express opinions and take calculated risks without worrying about career repercussions1—is essential for successful AI adoption. In psychologically safe workspaces, employees are empowered to challenge assumptions and raise concerns about new tools without fear of reprisal. This is nothing short of a necessity when introducing a nascent and profoundly powerful technology that still lacks established best practices. “Psychological safety is mandatory in this new era of AI,” says Rafee Tarafdar, executive vice president and chief technology officer at Infosys. “The tech itself is evolving so fast—companies have to experiment, and some things will fail. There needs to be a safety net.” To gauge how psychological safety influences success with enterprise-level AI, MIT Technology Review Insights conducted a survey of 500 business leaders. The findings reveal high self-reported levels of psychological safety, but also suggest that fear still has a foothold. Anecdotally, industry experts highlight a reason for the disconnect between rhetoric and reality: while organizations may promote a safe to experiment message publicly, deeper cultural undercurrents can counteract that intent.
Building psychological safety requires a coordinated, systems-level approach, and human resources (HR) alone cannot deliver such transformation. Instead, enterprises must deeply embed psychological safety into their collaboration processes. Key findings for this report include:
Companies with experiment-friendly cultures have greater success with AI projects. The majority of executives surveyed (83%) believe a company culture that prioritizes psychological safety measurably improves the success of AI initiatives. Four in five leaders agree that organizations fostering such safety are more successful at adopting AI, and 84% have observed connections between psychological safety and tangible AI outcomes. Psychological barriers are proving to be greater obstacles to enterprise AI adoption than technological challenges. Encouragingly, nearly three-quarters (73%) of respondents indicated they feel safe to provide honest feedback and express opinions freely in their workplace. Still, a significant share (22%) admit they’ve hesitated to lead an AI project because they might be blamed if it misfires. Achieving psychological safety is a moving target for many organizations. Fewer than half of leaders (39%) rate their organization’s current level of psychological safety as “very high.” Another 48%report a “moderate” degree of it. This may mean that some enterprises are pursuing AI adoption on cultural foundations that are not yet fully stable. Download the report. This content was produced by Insights, the custom content arm of MIT Technology Review. It was not written by MIT Technology Review’s editorial staff. It was researched, designed, and written by human writers, editors, analysts, and illustrators. This includes the writing of surveys and collection of data for surveys. AI tools that may have been used were limited to secondary production processes that passed thorough human review.

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The Download: why 2025 has been the year of AI hype correction, and fighting GPS jamming

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. The great AI hype correction of 2025 Some disillusionment was inevitable. When OpenAI released a free web app called ChatGPT in late 2022, it changed the course of an entire industry—and several world economies. Millions of people started talking to their computers, and their computers started talking back. We were enchanted, and we expected more.Well, 2025 has been a year of reckoning. For a start, the heads of the top AI companies made promises they couldn’t keep. At the same time, updates to the core technology are no longer the step changes they once were.To be clear, the last few years have been filled with genuine “Wow” moments. But this remarkable technology is only a few years old, and in many ways it is still experimental. Its successes come with big caveats. Read the full story to learn more about why we may need to readjust our expectations. —Will Douglas Heaven
This story is part of our new Hype Correction package, a collection of stories designed to help you reset your expectations about what AI makes possible—and what it doesn’t. Check out the rest of the package here, and you can read more about why it’s time to reset our expectations for AI in the latest edition of the Algorithm, our weekly AI newsletter. Sign up here to make sure you receive future editions straight to your inbox.
Quantum navigation could solve the military’s GPS jamming problem Since the 2022 invasion of Ukraine, thousands of flights have been affected by a far-reaching Russian campaign of using radio transmissions that jammed its GPS system.The growing inconvenience to air traffic and risk of a real disaster have highlighted the vulnerability of GPS and focused attention on more secure ways for planes to navigate the gauntlet of jamming and spoofing, the term for tricking a GPS receiver into thinking it’s somewhere else.One approach that’s emerging from labs is quantum navigation: exploiting the quantum nature of light and atoms to build ultra-sensitive sensors that can allow vehicles to navigate independently, without depending on satellites. Read the full story.—Amos Zeeberg The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 The Trump administration has launched its US Tech Force programIn a bid to lure engineers away from Big Tech roles and straight into modernizing the government. (The Verge)+ So, essentially replacing the IT workers that DOGE got rid of, then. (The Register)2 Lawmakers are investigating how AI data centers affect electricity costsThey want to get to the bottom of whether it’s being passed onto consumers. (NYT $)+ Calculating AI’s water usage is far from straightforward, too. (Wired $)+ AI is changing the grid. Could it help more than it harms? (MIT Technology Review)3 Ford isn’t making a large all-electric truck after allAfter the US government’s support for EVs plummeted. (Wired $)+ Instead, the F-150 Lightning pickup will be reborn as a plug-in hybrid. (The Information $)+ Why Americans may be finally ready to embrace smaller cars. (Fast Company $)+ The US could really use an affordable electric truck. (MIT Technology Review)4 PayPal wants to become a bank in the USThe Trump administration is very friendly to non-traditional financial companies, after all. (FT $)+ It’s been a good year for the crypto industry when it comes to banking. (Economist $)5 A tech trade deal between the US and UK has been put on iceAmerica isn’t happy with the lack of progress Britain has made, apparently. (NYT $)+ It’s a major setback in relations between the pair. (The Guardian)6 Why does no one want to make the cure for dengue?A new antiviral pill appears to prevent infection—but its development has been abandoned. (Vox) 7 The majority of the world’s glaciers are forecast to disappear by 2100At a rate of around 3,000 per year. (New Scientist $)+ Inside a new quest to save the “doomsday glacier”. (MIT Technology Review) 8 Hollywood is split over AIWhile some filmmakers love it, actors are horrified by its inexorable rise. (Bloomberg $)

9 Corporate America is obsessed with hiring storytellersIt’s essentially a rehashed media relations manager role overhauled for the AI age. (WSJ $)10 The concept of hacking existed before the internetJust ask this bunch of teenage geeks. (IEEE Spectrum) Quote of the day “So the federal government deleted 18F, which was doing great work modernizing the government, and then replaced it with a clone? What is the point of all this?” —Eugene Vinitsky, an assistant professor at New York University, takes aim at the US government’s decision to launch a new team to overhaul its approach to technology in a post on Bluesky. One more thing How DeepSeek became a fortune teller for China’s youthAs DeepSeek has emerged as a homegrown challenger to OpenAI, young people across the country have started using AI to revive fortune-telling practices that have deep roots in Chinese culture.Across Chinese social media, users are sharing AI-generated readings, experimenting with fortune-telling prompt engineering, and revisiting ancient spiritual texts—all with the help of DeepSeek.The surge in AI fortune-telling comes during a time of pervasive anxiety and pessimism in Chinese society. And as spiritual practices remain hidden underground thanks to the country’s regime, computers and phone screens are helping younger people to gain a sense of control over their lives. Read the full story.
—Caiwen Chen
We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.) + Chess has been online as far back as the 1800s (no, really!) ♟️+ Jane Austen was born 250 years ago today. How well do you know her writing? ($)+ Rob Reiner, your work will live on forever.+ I enjoyed this comprehensive guide to absolutely everything you could ever want to know about New England’s extensive seafood offerings.

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Why it’s time to reset our expectations for AI

Can I ask you a question: How do you feel about AI right now? Are you still excited? When you hear that OpenAI or Google just dropped a new model, do you still get that buzz? Or has the shine come off it, maybe just a teeny bit? Come on, you can be honest with me. Truly, I feel kind of stupid even asking the question, like a spoiled brat who has too many toys at Christmas. AI is mind-blowing. It’s one of the most important technologies to have emerged in decades (despite all its many many drawbacks and flaws and, well, issues). At the same time I can’t help feeling a little bit: Is that it? If you feel the same way, there’s good reason for it: The hype we have been sold for the past few years has been overwhelming. We were told that AI would solve climate change. That it would reach human-level intelligence. That it would mean we no longer had to work!
Instead we got AI slop, chatbot psychosis, and tools that urgently prompt you to write better email newsletters. Maybe we got what we deserved. Or maybe we need to reevaluate what AI is for. That’s the reality at the heart of a new series of stories, published today, called Hype Correction. We accept that AI is still the hottest ticket in town, but it’s time to re-set our expectations.
As my colleague Will Douglas Heaven puts it in the package’s intro essay, “You can’t help but wonder: When the wow factor is gone, what’s left? How will we view this technology a year or five from now? Will we think it was worth the colossal costs, both financial and environmental?”  Elsewhere in the package, James O’Donnell looks at Sam Altman, the ultimate AI hype man, through the medium of his own words. And Alex Heath explains the AI bubble, laying out for us what it all means and what we should look out for. Michelle Kim analyzes one of the biggest claims in the AI hype cycle: that AI would completely eliminate the need for certain classes of jobs. If ChatGPT can pass the bar, surely that means it will replace lawyers? Well, not yet, and maybe not ever.  Similarly, Edd Gent tackles the big question around AI coding. Is it as good as it sounds? Turns out the jury is still out. And elsewhere David Rotman looks at the real-world work that needs to be done before AI materials discovery has its breakthrough ChatGPT moment. Meanwhile, Garrison Lovely spends time with some of the biggest names in the AI safety world and asks: Are the doomers still okay? I mean, now that people are feeling a bit less scared about their impending demise at the hands of superintelligent AI? And Margaret Mitchell reminds us that hype around generative AI can blind us to the AI breakthroughs we should really celebrate. Ask AIWhy it matters to you?BETAHere’s why this story might matter to you, according to AI. This is a beta feature and AI hallucinates—it might get weirdTell me why it mattersLet’s remember: AI was here before ChatGPT and it will be here after. This hype cycle has been wild, and we don’t know what its lasting impact will be. But AI isn’t going anywhere. We shouldn’t be so surprised that those dreams we were sold haven’t come true—yet. The more likely story is that the real winners, the killer apps, are still to come. And a lot of money is being bet on that prospect. So yes: The hype could never sustain itself over the short term. Where we’re at now is maybe the start of a post-hype phase. In an ideal world, this hype correction will reset expectations.  Let’s all catch our breath, shall we? This story first appeared in The Algorithm, our weekly free newsletter all about AI. Sign up to read past editions here.

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The Download: the case for AI slop, and helping CRISPR fulfill its promise

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. How I learned to stop worrying and love AI slop —Caiwei Chen If I were to locate the moment AI slop broke through into popular consciousness, I’d pick the video of rabbits bouncing on a trampoline that went viral last summer. For many savvy internet users, myself included, it was the first time we were fooled by an AI video, and it ended up spawning a wave of almost identical generated clips.
My first reaction was that, broadly speaking, all of this sucked. That’s become a familiar refrain, in think pieces and at dinner parties. Everything online is slop now—the internet “enshittified,” with AI taking much of the blame. Initially, I largely agreed. But then friends started sharing AI clips in group chats that were compellingly weird, or funny. Some even had a grain of brilliance.  I had to admit I didn’t fully understand what I was rejecting—what I found so objectionable. To try to get to the bottom of how I felt (and why), I spoke to the people making the videos, a company creating bespoke tools for creators, and experts who study how new media becomes culture. What I found convinced me that maybe generative AI will not end up ruining everything after all. Read the full story.
A new CRISPR startup is betting regulators will ease up on gene-editingHere at MIT Technology Review we’ve been writing about the gene-editing technology CRISPR since 2013, calling it the biggest biotech breakthrough of the century. Yet so far, there’s been only one gene-editing drug approved, and it’s been used commercially on only about 40 patients, all with sickle-cell disease.It’s becoming clear that the impact of CRISPR isn’t as big as we all hoped. In fact, there’s a pall of discouragement over the entire field—with some journalists saying the gene-editing revolution has “lost its mojo.”So what will it take for CRISPR to help more people? A new startup says the answer could be an “umbrella approach” to testing and commercializing treatments which could avoid costly new trials or approvals for every new version. Read the full story. —Antonio Regalado America’s new dietary guidelines ignore decades of scientific research The first days of 2026 have brought big news for health. On Wednesday, health secretary Robert F. Kennedy Jr. and his colleagues at the Departments of Health and Human Services and Agriculture unveiled new dietary guidelines for Americans. And they are causing a bit of a stir.That’s partly because they recommend products like red meat, butter, and beef tallow—foods that have been linked to cardiovascular disease, and that nutrition experts have been recommending people limit in their diets.These guidelines are a big deal—they influence food assistance programs and school lunches, for example. Let’s take a look at the good, the bad, and the ugly advice being dished up to Americans by their government. —Jessica Hamzelou This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.

The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Grok has switched off its image-generating function for most usersFollowing a global backlash to its sexualized pictures of women and children. (The Guardian)+ Elon Musk has previously lamented the “guardrails” around the chatbot. (CNN)+ XAI has been burning through cash lately. (Bloomberg $) 2 Online sleuths tried to use AI to unmask the ICE agent who killed a womanThe problem is, its results are far from reliable. (WP $)+ The Trump administration is pushing videos of the incident filmed from a specific angle. (The Verge)+ Minneapolis is struggling to make sense of the shooting of Renee Nicole Good. (WSJ $)3 Smartphones and PCs are about to get more expensiveYou can thank the memory chip shortage sparked by the AI data center boom. (FT $)+ Expect delays alongside those price rises, too. (Economist $)4 NASA is bringing four of the seven ISS crew members back to EarthIt’s not clear exactly why, but it said one of them experienced a “medical situation” earlier this week. (Ars Technica) 5 The vast majority of humanoid robots shipped last year were from ChinaThe country is dominating early supply for the bipedal machines. (Bloomberg $)+ Why a Chinese robot vacuum firm is moving into EVs. (Wired $)+ China’s EV giants are betting big on humanoid robots. (MIT Technology Review) 6 New Jersey has banned students’ phones in schoolsIt’s the latest in a long line of states to restrict devices during school hours. (NYT $) 7 Are AI coding assistants getting worse?This data scientist certainly seems to think so. (IEEE Spectrum)+ AI coding is now everywhere. But not everyone is convinced. (MIT Technology Review) 8 How to save wine from wildfires 🍇Smoke leaves the alcohol with an ashy taste, but a group of scientists are working on a solution. (New Yorker $)
9 Celebrity Letterboxd accounts are good funUnsurprisingly, a subset of web users have chosen to hound them. (NY Mag $)10 Craigslist refuses to dieThe old-school classifieds corner of the web still has a legion of diehard fans. (Wired $)
Quote of the day “Tools like Grok now risk bringing sexual AI imagery of children into the mainstream. The harms are rippling out.” —Ngaire Alexander, head of the Internet Watch Foundation’s reporting hotline, explains the dangers around low-moderation AI tools like Grok to the Wall Street Journal. One more thing How to measure the returns on R&D spendingGiven the draconian cuts to US federal funding for science, it’s worth asking some hard-nosed money questions: How much should we be spending on R&D? How much value do we get out of such investments, anyway?To answer that, in several recent papers, economists have approached this issue in clever new ways.  And, though they ask slightly different questions, their conclusions share a bottom line: R&D is, in fact, one of the better long-term investments that the government can make. Read the full story.
—David Rotman We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.) + Bruno Mars is back, baby!+ Hmm, interesting: Apple’s new Widow’s Bay show is inspired by both Stephen King and Donald Glover, which is an intriguing combination.+ Give this man control of the new Lego AI bricks!+ An iron age war trumpet recently uncovered in Britain is the most complete example discovered anywhere in the world.

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Nodal Hits Record Annual Volumes in Power, Environmental Markets

Nodal Exchange LLC, a derivatives trading platform for North American commodity markets, saw 3.1 billion megawatt hours (MWh) of power futures and 749,222 lots of environmental futures and options traded in 2025, achieving new annual highs. Power futures traded last year on the Tysons, Virginia-based exchange rose four percent year-on-year to 3.1 billion MWh. The December volume of 235 million MWh was up 29 percent from December 2024, Nodal said in an online statement Thursday. “Nodal continues to be the market leader in North American monthly power futures having 56 percent of the open interest with 1.51 billion MWh at the end of 2025”, Nodal said. “The open interest represents over $166 billion of notional value (both sides)”. Meanwhile environmental market open interest ended 2025 at a record 391,264 lots, up one percent from 2024. “December deliveries of 37,173 lots marked the fifth-largest delivery month for environmental products on Nodal”, Nodal said. “Renewable energy certificate futures and options posted volume of 465,189 lots in 2025, up 11 percent from a year earlier and ended the year with open interest of 323,591 lots, up 10 percent. “Nodal continues to expand environmental offerings having over 68 percent of the North American Renewable Energy Certificate market measured in clean MWh generation. “Nodal, in collaboration with IncubEx, launched several new environmental futures contracts in 2025, including Auction Clearing Price contracts for California, Washington and RGGI carbon allowances.  Nodal was the first exchange to launch PJM Emission Free Energy Certificate Futures, which allow for delivery of nuclear energy certificates alongside hydro. Other new launches included Virginia In-State Compliance REC Futures, New York Environmental Disclosure Program REC Futures and Alberta TIER EPC Options”. For natural gas, traded volumes last year totaled 958 trillion British thermal units (TBtu), Nodal said. Traded gas volumes in January-November 2025 reached a

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30 Pct of Oil Reserves Might be Consolidated Under US Influence

Around 30 percent of global oil reserves might be consolidated under U.S. influence. That’s what J.P. Morgan analysts, including the company’s head of global commodities strategy Natasha Kaneva, stated in a J.P. Morgan research note sent to Rigzone by Kaneva this week. “Combined oil reserves from Venezuela, Guyana, and the U.S. could give the U.S. about 30 percent of global oil reserves if consolidated under its influence,” the analysts said in the note. The J.P. Morgan analysts highlighted in the research note that Venezuela holds the world’s largest oil reserves, “particularly heavy crude needed by U.S. refiners”. “With 303 billion barrels of proven crude oil reserves, Venezuela represents nearly 20 percent of global reserves as of 2024 – more than any other country,” they pointed out. “If Guyana’s rapidly expanding discoveries are considered alongside U.S. conventional and unconventional reserves, the combined total could position the U.S. as a leading holder of global oil reserves, potentially accounting for about 30 percent of the world’s total if these figures are consolidated under U.S. influence,” they added. The analysts stated in the note that this would mark a notable shift in global energy dynamics. “With greater access to and influence over a substantial portion of global reserves, the U.S. could potentially exert more control over oil market trends, helping to stabilize prices and keep them within historically lower ranges,” the analysts said. “This increased leverage would not only enhance U.S. energy security but could also reshape the balance of power in international energy markets,” they added. In the note, the J.P. Morgan analysts revealed that they continue to maintain their view that “a regime change in Venezuela would immediately represent one of the largest upside risks to the global oil supply outlook for 2026-2027 and beyond”. “With a political transition, Venezuela could raise

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A new CRISPR startup is betting regulators will ease up on gene-editing

Here at MIT Technology Review we’ve been writing about the gene-editing technology CRISPR since 2013, calling it the biggest biotech breakthrough of the century. Yet so far, there’s been only one gene-editing drug approved. It’s been used commercially on only about 40 patients, all with sickle-cell disease. It’s becoming clear that the impact of CRISPR isn’t as big as we all hoped. In fact, there’s a pall of discouragement over the entire field—with some journalists saying the gene-editing revolution has “lost its mojo.” So what will it take for CRISPR to help more people? A new startup says the answer could be an “umbrella approach” to testing and commercializing treatments. Aurora Therapeutics, which has $16 million from Menlo Ventures and counts CRISPR co-inventor Jennifer Doudna as an advisor, essentially hopes to win approval for gene-editing drugs that can be slightly adjusted, or personalized, without requiring costly new trials or approvals for every new version. The need to change regulations around gene-editing treatments was endorsed in November by the head of the US Food and Drug Administration, Martin Makary, who said the agency would open a “new” regulatory pathway for “bespoke, personalized therapies” that can’t easily be tested in conventional ways. 
Aurora’s first target, the rare inherited disease phenylketonuria, also known as PKU, is a case in point. People with PKU lack a working version of an enzyme needed to use up the amino acid phenylalanine, a component of pretty much all meat and protein. If the amino acid builds up, it causes brain damage. So patients usually go on an onerous “diet for life” of special formula drinks and vegetables. In theory, gene editing can fix PKU. In mice, scientists have already restored the gene for the enzyme by rewriting DNA in liver cells, which both make the enzyme and are some of the easiest to reach with a gene-editing drug. The problem is that in human patients, many different mutations can affect the critical gene. According to Cory Harding, a researcher at Oregon Health Sciences University, scientists know about 1,600 different DNA mutations that cause PKU.
There’s no way anyone will develop 1,600 different gene-editing drugs. Instead, Aurora’s goal is to eventually win approval for a single gene editor that, with minor adjustments, could be used to correct several of the most common mutations, including one that’s responsible for about 10% of the estimated 20,000 PKU cases in the US. “We can’t have a separate [clinical trial] for each mutation,” says Edward Kaye, the CEO of Aurora. “The way the FDA approves gene editing has to change, and I think they’ve been very understanding that is the case.” A gene editor is a special protein that can zero in on a specific location in the genome and change it. To prepare one, Aurora will put genetic code for the editor into a nanoparticle along with a targeting molecule. In total, it will involve about 5,000 gene letters. But only 20 of them need to change in order to redirect the treatment to repair a different mutation. “Over 99% of the drug stays the same,” says Johnny Hu, a partner at Menlo Ventures, which put up the funding for the startup. The new company came together after Hu met over pizza with Fyodor Urnov, an outspoken gene-editing scientist at the University of California, Berkeley, who is Aurora’s cofounder and sits on its board. In 2022, Urnov had written a New York Times editorial bemoaning the “chasm” between what editing technology can do and the “legal, financial, and organizational” realities preventing researchers from curing people. “I went to Fyodor and said, ‘Hey, we’re getting all these great results in the clinic with CRISPR, but why hasn’t it scaled?” says Hu. Part of the reason is that most gene-editing companies are chasing the same few conditions, such as sickle-cell, where (as luck would have it) a single edit works for all patients. But that leaves around 400 million people who have 7,000 other inherited conditions without much hope to get their DNA fixed, Urnov estimated in his editorial. Then, last May, came the dramatic demonstration of the first fully “personalized” gene-editing treatment. A team in Philadelphia, assisted by Urnov and others, succeeded in correcting the DNA of a baby, named KJ Muldoon, who had an entirely unique mutation that caused a metabolic disease. Though it didn’t target PKU, the project showed that gene editing could theoretically fix some inherited diseases “on demand.” 

It also underscored a big problem. Treating a single child required a large team and cost millions in time, effort, and materials—all to create a drug that would never be used again.  That’s exactly the sort of situation the new “umbrella” trials are supposed to address. Kiran Musunuru, who co-led the team at the University of Pennsylvania, says he’s been in discussions with the FDA to open a study of bespoke gene editors this year focusing on diseases of the type Baby KJ had, called urea cycle disorders. Each time a new patient appears, he says, they’ll try to quickly put together a variant of their gene-editing drug that’s tuned to fix that child’s particular genetic problem. Musunuru, who isn’t involved with Aurora, does not think the company’s plans for PKU count as fully personalized editors. “These corporate PKU efforts have nothing whatsoever to do with Baby KJ,” he says. He says his center continues to focus on mutations “so ultra-rare that we don’t see any scenario where a for-profit gene-editing company would find that indication to be commercially viable.” Instead, what’s occurring in PKU, says Musunuru, is that researchers have realized they can assemble “a bunch” of the most frequent mutations “into a large enough group of patients to make a platform PKU therapy commercially viable.”  While that would still leave out many patients with extra-rare gene errors, Musunuru says any gene-editing treatment at all would still be “a big improvement over the status quo, which  is zero genetic therapies for PKU.”

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Equinor Dishes Out Supplier Agreements Worth $10B

Equinor revealed, in a statement posted on its website on Thursday, that it has awarded 12 framework agreements to seven supplier companies with a total value of around NOK 100 billion ($9.9 billion). The company highlighted in the statement that these new framework agreements are for maintenance and modifications on the company’s offshore installations and onshore plants. The supplier companies comprise Aibel AS, Aker Solutions AS, Wood Group Norway, Apply AS, Rosenberg Worley AS, Head Energy AS, and IKM Gruppen AS, Equinor revealed. Agreements start in the first half of this year, have a duration of five years, and include extension options of three and two years, Equinor pointed out in its statement. The company noted that the final portfolio distribution will be assigned when the contracts are signed, which it revealed “is planned in week four”. “These agreements lay the foundation for safe and competitive operations at Equinor’s offshore installations and onshore plants in the years to come,” Equinor said in the statement. “The agreements create predictability and ripple effects for the Norwegian supplier industry across the country,” it added. In its statement, Equinor revealed that, “to support the ambition of maintaining production around 1.2 million barrels of oil equivalent per day (2020 level) on the Norwegian continental shelf towards 2035”, the company is planning a series of actions. These include investing “about NOK 60-70 billion” ($5.9 billion to $6.9 billion) annually in increased recovery and new fields on the Norwegian continental shelf, drilling “around 250 exploration wells and about 600 wells for increased recovery”, performing 300 well interventions annually and “around 2,500 modification projects”, and maturing and developing over 75 subsea developments that can be tied to existing infrastructure, the statement outlined. They also include reducing the company’s own greenhouse gas emissions towards nearly 50 percent by 2030,

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Iberdrola Ups Dividend after Reaching $146B Capitalization

Iberdrola SA on Thursday declared an interim dividend of EUR 0.253 ($0.29) per share for 2025 results, up from the minimum of EUR 0.25 it announced October. Earlier the Spanish power and gas utility said it reached EUR 125 billion ($145.55 billion) in stock market value at the start of 2026, having increased its capitalization by nearly 40 percent in 2025. “The company is once again offering its shareholders three options in this edition of Iberdrola Flexible Remuneration: to receive the interim dividend amount in cash; to sell their allocation rights on the market; or to obtain new bonus shares from the group free of charge”, it said in an online statement, adding the options can be combined. Shareholders who opt for cash are to receive the interim dividend February 2. “Shareholders who opt to receive new shares must have 73 free allocation rights to receive a new share in the company”, Iberdrola said. The dividend announced Thursday would be backed by a supplementary dividend Iberdrola plans to pay in July if approved at its general shareholders’ meeting, it said. “In order to implement this new edition of the remuneration system, a capital increase with a maximum reference market value of EUR 1.713 billion will be carried out”, it said. Iberdrola said Tuesday it is now the top utility in Europe by market capitalization and the second-biggest in the world. It noted the milestone was achieved in the year marking the 125th anniversary of its founding as Hidroeléctrica Ibérica. According to its latest quarterly report, Iberdrola produced 96,047 gigawatt hours (GWh) net in the first nine months of 2025, with renewable energy accounting for 66,254 GWh. Spain led geographically, accounting for 48,794 GWh of Iberdrola’s total net production in the period. It was followed by the United States (18,436 GWh). Mexico was

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