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Aramco Nears $10B Jafurah Pipeline Stake Sale to GIP

Saudi Aramco is in advanced talks to sell a roughly $10 billion stake in midstream infrastructure serving the giant Jafurah natural gas project to a group led by BlackRock Inc., according to people with knowledge of the matter.  The consortium is backed by BlackRock’s Global Infrastructure Partners unit and could reach an agreement as soon as the coming days, said the people, who asked not to be identified discussing confidential information.  The deal will involve pipelines and other infrastructure serving the $100 billion-plus Jafurah project, which Aramco is developing to supply domestic power plants as well as for export. It’s an unconventional field, meaning the gas is trapped in hard-to-access rock formations and requires special techniques to extract. Reuters reported on Thursday that GIP was nearing a deal, citing unidentified people. Aramco didn’t respond to emailed queries outside regular business hours in Saudi Arabia.  Bloomberg News first revealed in 2021 that Aramco was considering introducing outside investors into parts of the Jafurah project. Aramco was approaching infrastructure funds to gauge their interest in the midstream assets, people with knowledge of the matter said the next year.  State-controlled Aramco has been seeking to bring in international capital and sell stakes in some assets as the government pursues massive projects to build futuristic cities and diversify its economy. The kingdom is pushing ahead with a vast expansion, including developing new tourism destinations and building up a manufacturing base, to prepare for a future in which oil demand will begin to wane. BlackRock was earlier among investors that bought stakes in Aramco’s national gas pipeline network.  WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Read More »

EU Slaps New Sanctions on Russia and Its Oil Trade

European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from Russian petroleum.  The package, the bloc’s 18th since Moscow’s full scale invasion, will see about 20 more Russian banks cut off the international payments system SWIFT and face a full transaction ban, as well as restrictions imposed on Russian petroleum refined in third countries. A large oil refinery in India, part-owned by Russia’s state-run oil company, Rosneft PJSC, was also blacklisted. The cap on Russian oil, currently set at $60 per barrel, will be set dynamically at 15 percent below market rates moving forward. The new mechanism will see the threshold start off somewhere between $45-$50 and automatically revised at least twice a year based on market prices, Bloomberg previously reported. The latest sanctions by the European Union are aimed at further crimping the Kremlin’s energy revenue, the bulk of which comes from oil exports to India and China.  However, the original price cap imposed by the Group of Seven has had a limited impact on Russia’s oil flows, as the nation has built up a huge shadow fleet of tankers to haul its oil without using western services. The EU has also so far failed to convince the US to offer crucial support to the lower cap. Discussions are ongoing with other G-7 members but the US opposition is making it hard to reach agreement, according to people familiar with the matter. The UK, however, is expected to be on board with the move, the people said. The EU’s move to restrict fuels such as diesel made from Russian crude could have some market impact, as Europe imports the fuel from India, which in turn buys large amounts of

Read More »

Schneider Electric launches platform to boost supply chain decarbonization

Dive Brief: Schneider Electric unveiled a digital platform Tuesday that seeks to help companies decarbonize their supply chains and meet their climate goals, especially scope 3 emissions reduction targets. The new Zeigo Hub allows companies to engage suppliers of all sizes, view supplier participation, track and manage emissions across its supply chain and utilize tools and expertise that can help drive impactful results, according to the energy company. Schneider Electric said the hub is designed to support companies’ internal sustainability reporting and disclosures aligned with the Carbon Disclosure Project, Task Force on Climate-related Financial Disclosures and the European Union’s Corporate Sustainability Reporting Directive. The company said this feature will enhance transparency and alignment with global reporting standards and frameworks. Dive Insight: Zeigo Hub’s analytics engine offers companies visibility into their supplier engagement, emissions trends across operations and progress being made toward their science-based climate goals, according to Schneider Electric. The platform utilizes advanced agentic artificial intelligence capabilities to boost decarbonization and drive data-driven decision-making and is the first product to be deployed in Schneider Electric’s AI-native ecosystem, per the company. “Zeigo Hub’s agentic AI features will enhance and personalize the user onboarding experience by simplifying data entry with web scraping and uploading tools, customizing participation invitations, and providing additional program oversight on behalf of corporate program sponsors,” Schneider Electric said in a July 15 release. The French multinational, which specializes in energy management and technology, said every supplier that is invited to use Zeigo Hub will receive access to customized emission cutting roadmaps and sustainable solutions which will enable “concrete” reductions at scale. All participation costs for utilizing the platform will be covered by the sponsoring organization, removing cost barriers for suppliers and allowing for participation on a broad scale. “A decarbonized supply chain is no longer a ‘nice to

Read More »

Southern Co. taps SwissDrones for unmanned helicopter monitoring

Dive Brief: Southern Co. is set to deploy a fleet of unmanned helicopters to assist with grid monitoring and inspection work, after becoming the first utility in the U.S. to secure an exemption from federal drone regulations regarding “beyond visual line of sight” flights. The use of drones means the utility doesn’t have to put helicopter pilots at risk, and the process will be cheaper, lower in emissions and more effective, said Dean Barefield, who manages Southern’s unmanned aircraft systems program. “By deploying a guided mission with an uncrewed aircraft, particularly with a helicopter type airframe, you can fly the exact same pass every time,” said SwissDrones CEO Ulrich Amberg. “And that allows you to generate identical datasets that you can then [assess with] AI algorithms.” Dive Insight: The production of identical datasets will allow Southern to automate the identification of changes, Amberg said, including “ground movements down to an inch of a deviation vertically.” “That means, if erosion starts, even if it’s only a few inches in one spot, the AI algorithm would identify that spot, which you can never see with the bare eye,” he said. “That, in turn, allows those companies to see the early signs of real risks and threats to their infrastructure, which so far haven’t even been possible to spot.” Barefield said the “increased volume, quality, and timeliness” of data collected will allow the utility to “respond to issues earlier, optimize maintenance schedules, and strengthen system reliability.” “Over time, as analytics and AI become more integrated with [unmanned aircraft system] data streams, customers will benefit from a more intelligent and responsive energy infrastructure that anticipates problems before they arise,” he said. While many utilities, including Southern, have been using smaller drones like quadcopters – which are covered by the FAA’s existing Part 107 regulation –

Read More »

Trump wants to use AI to prevent wildfires. Utilities are trying. Will it work?

The United States has already experienced more wildfires this year than it has over same period in any other year this decade, according to the National Interagency Fire Center. With the risk of fire expected to grow due to climate change and other factors, utilities have increasingly turned to technology to help them keep up. And those efforts could get a boost following President Donald Trump’s June 12 executive order calling on federal agencies to deploy technology to address “a slow and inadequate response to wildfires.” The order directed agencies to create a roadmap for using “artificial intelligence, data sharing, innovative modeling and mapping capabilities, and technology to identify wildland fire ignitions and weather forecasts to inform response and evacuation.” It also told federal authorities to declassify historical satellite datasets that could be used to improve wildfire prediction, and called for strengthening coordination among agencies and improving wildland and vegetation management. Additionally, the order laid out a vision for consolidating federal wildfire prevention and suppression efforts that are currently spread across agencies. The White House’s proposed 2026 budget blueprint would create a new, unified federal wildland fire service under the Department of Interior. So far, Trump’s directive has drawn a mixed response from wildfire experts. While some said it could empower local governments and save utilities money, others said the order’s impact will be limited. “I think some people read into the order more than is there, and some people read less,” said Chet Wade, a spokesperson for the Partners in Wildfire Prevention coalition. “I don’t know exactly what will come of it, but getting technology into the right hands could be very helpful.” Fire prevention goes high tech Since the 2018 Camp Fire that bankrupted PG&E and set a nationwide precedent for suing utilities that trigger large fires, energy companies around

Read More »

FTC Retracts Ban vs Hess, Pioneer Leaders

The Federal Trade Commission (FTC) on Thursday canceled its consent orders for the Chevron-Hess and ExxonMobil-Pioneer mergers, saying the combinations would not harm competition. As a result, Hess Corp. chief executive John Hess and Pioneer Natural Resources Co. founder and ex-chief executive Scott Sheffield are no longer barred from holding board or advisory positions at the enlarged Chevron and ExxonMobil respectively. The prohibitions were part of conditions imposed by the FTC in its final consent orders for the mergers, issued days before the change of government in January. Before it granted the final consent orders, however, the FTC had last year already cleared the mergers after conducting so-called “second-request” reviews, paving the way for ExxonMobil’s completion of its acquisition of Pioneer in 2024. On Friday, Chevron said it had completed the purchase of Hess, after the transaction was delayed by arbitration initiated by ExxonMobil to protect its preemption rights in Guyana’s Stabroek block, where Hess is a partner. Chevron said the arbitration ruling went its way. Investigations by the FTC under the Biden administration found John Hess and Sheffield had held talks with OPEC+ officials about artificially controlling production, leading to the FTC imposing the employment restrictions. Both John Hess and Sheffield have denied the accusations. In March 2025, two months after President Donald Trump took office, Chevron and Hess Corp., as well as Sheffield, petitioned the FTC to review the consent orders, according to separate statements by the Commission on Thursday. In both petitions, the FTC under Trump ruled that the complaints by the previous FTC “failed to plead any antitrust law violation under Section 7 of the Clayton Act”. The complaints “contained no allegations” that Chevron and ExxonMobil’s acquisition of their smaller rivals would be “anticompetitive”, the FTC added. Each complaint “did not allege that the acquisition would materially increase

Read More »

Aramco Nears $10B Jafurah Pipeline Stake Sale to GIP

Saudi Aramco is in advanced talks to sell a roughly $10 billion stake in midstream infrastructure serving the giant Jafurah natural gas project to a group led by BlackRock Inc., according to people with knowledge of the matter.  The consortium is backed by BlackRock’s Global Infrastructure Partners unit and could reach an agreement as soon as the coming days, said the people, who asked not to be identified discussing confidential information.  The deal will involve pipelines and other infrastructure serving the $100 billion-plus Jafurah project, which Aramco is developing to supply domestic power plants as well as for export. It’s an unconventional field, meaning the gas is trapped in hard-to-access rock formations and requires special techniques to extract. Reuters reported on Thursday that GIP was nearing a deal, citing unidentified people. Aramco didn’t respond to emailed queries outside regular business hours in Saudi Arabia.  Bloomberg News first revealed in 2021 that Aramco was considering introducing outside investors into parts of the Jafurah project. Aramco was approaching infrastructure funds to gauge their interest in the midstream assets, people with knowledge of the matter said the next year.  State-controlled Aramco has been seeking to bring in international capital and sell stakes in some assets as the government pursues massive projects to build futuristic cities and diversify its economy. The kingdom is pushing ahead with a vast expansion, including developing new tourism destinations and building up a manufacturing base, to prepare for a future in which oil demand will begin to wane. BlackRock was earlier among investors that bought stakes in Aramco’s national gas pipeline network.  WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Read More »

EU Slaps New Sanctions on Russia and Its Oil Trade

European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from Russian petroleum.  The package, the bloc’s 18th since Moscow’s full scale invasion, will see about 20 more Russian banks cut off the international payments system SWIFT and face a full transaction ban, as well as restrictions imposed on Russian petroleum refined in third countries. A large oil refinery in India, part-owned by Russia’s state-run oil company, Rosneft PJSC, was also blacklisted. The cap on Russian oil, currently set at $60 per barrel, will be set dynamically at 15 percent below market rates moving forward. The new mechanism will see the threshold start off somewhere between $45-$50 and automatically revised at least twice a year based on market prices, Bloomberg previously reported. The latest sanctions by the European Union are aimed at further crimping the Kremlin’s energy revenue, the bulk of which comes from oil exports to India and China.  However, the original price cap imposed by the Group of Seven has had a limited impact on Russia’s oil flows, as the nation has built up a huge shadow fleet of tankers to haul its oil without using western services. The EU has also so far failed to convince the US to offer crucial support to the lower cap. Discussions are ongoing with other G-7 members but the US opposition is making it hard to reach agreement, according to people familiar with the matter. The UK, however, is expected to be on board with the move, the people said. The EU’s move to restrict fuels such as diesel made from Russian crude could have some market impact, as Europe imports the fuel from India, which in turn buys large amounts of

Read More »

Schneider Electric launches platform to boost supply chain decarbonization

Dive Brief: Schneider Electric unveiled a digital platform Tuesday that seeks to help companies decarbonize their supply chains and meet their climate goals, especially scope 3 emissions reduction targets. The new Zeigo Hub allows companies to engage suppliers of all sizes, view supplier participation, track and manage emissions across its supply chain and utilize tools and expertise that can help drive impactful results, according to the energy company. Schneider Electric said the hub is designed to support companies’ internal sustainability reporting and disclosures aligned with the Carbon Disclosure Project, Task Force on Climate-related Financial Disclosures and the European Union’s Corporate Sustainability Reporting Directive. The company said this feature will enhance transparency and alignment with global reporting standards and frameworks. Dive Insight: Zeigo Hub’s analytics engine offers companies visibility into their supplier engagement, emissions trends across operations and progress being made toward their science-based climate goals, according to Schneider Electric. The platform utilizes advanced agentic artificial intelligence capabilities to boost decarbonization and drive data-driven decision-making and is the first product to be deployed in Schneider Electric’s AI-native ecosystem, per the company. “Zeigo Hub’s agentic AI features will enhance and personalize the user onboarding experience by simplifying data entry with web scraping and uploading tools, customizing participation invitations, and providing additional program oversight on behalf of corporate program sponsors,” Schneider Electric said in a July 15 release. The French multinational, which specializes in energy management and technology, said every supplier that is invited to use Zeigo Hub will receive access to customized emission cutting roadmaps and sustainable solutions which will enable “concrete” reductions at scale. All participation costs for utilizing the platform will be covered by the sponsoring organization, removing cost barriers for suppliers and allowing for participation on a broad scale. “A decarbonized supply chain is no longer a ‘nice to

Read More »

Southern Co. taps SwissDrones for unmanned helicopter monitoring

Dive Brief: Southern Co. is set to deploy a fleet of unmanned helicopters to assist with grid monitoring and inspection work, after becoming the first utility in the U.S. to secure an exemption from federal drone regulations regarding “beyond visual line of sight” flights. The use of drones means the utility doesn’t have to put helicopter pilots at risk, and the process will be cheaper, lower in emissions and more effective, said Dean Barefield, who manages Southern’s unmanned aircraft systems program. “By deploying a guided mission with an uncrewed aircraft, particularly with a helicopter type airframe, you can fly the exact same pass every time,” said SwissDrones CEO Ulrich Amberg. “And that allows you to generate identical datasets that you can then [assess with] AI algorithms.” Dive Insight: The production of identical datasets will allow Southern to automate the identification of changes, Amberg said, including “ground movements down to an inch of a deviation vertically.” “That means, if erosion starts, even if it’s only a few inches in one spot, the AI algorithm would identify that spot, which you can never see with the bare eye,” he said. “That, in turn, allows those companies to see the early signs of real risks and threats to their infrastructure, which so far haven’t even been possible to spot.” Barefield said the “increased volume, quality, and timeliness” of data collected will allow the utility to “respond to issues earlier, optimize maintenance schedules, and strengthen system reliability.” “Over time, as analytics and AI become more integrated with [unmanned aircraft system] data streams, customers will benefit from a more intelligent and responsive energy infrastructure that anticipates problems before they arise,” he said. While many utilities, including Southern, have been using smaller drones like quadcopters – which are covered by the FAA’s existing Part 107 regulation –

Read More »

Trump wants to use AI to prevent wildfires. Utilities are trying. Will it work?

The United States has already experienced more wildfires this year than it has over same period in any other year this decade, according to the National Interagency Fire Center. With the risk of fire expected to grow due to climate change and other factors, utilities have increasingly turned to technology to help them keep up. And those efforts could get a boost following President Donald Trump’s June 12 executive order calling on federal agencies to deploy technology to address “a slow and inadequate response to wildfires.” The order directed agencies to create a roadmap for using “artificial intelligence, data sharing, innovative modeling and mapping capabilities, and technology to identify wildland fire ignitions and weather forecasts to inform response and evacuation.” It also told federal authorities to declassify historical satellite datasets that could be used to improve wildfire prediction, and called for strengthening coordination among agencies and improving wildland and vegetation management. Additionally, the order laid out a vision for consolidating federal wildfire prevention and suppression efforts that are currently spread across agencies. The White House’s proposed 2026 budget blueprint would create a new, unified federal wildland fire service under the Department of Interior. So far, Trump’s directive has drawn a mixed response from wildfire experts. While some said it could empower local governments and save utilities money, others said the order’s impact will be limited. “I think some people read into the order more than is there, and some people read less,” said Chet Wade, a spokesperson for the Partners in Wildfire Prevention coalition. “I don’t know exactly what will come of it, but getting technology into the right hands could be very helpful.” Fire prevention goes high tech Since the 2018 Camp Fire that bankrupted PG&E and set a nationwide precedent for suing utilities that trigger large fires, energy companies around

Read More »

FTC Retracts Ban vs Hess, Pioneer Leaders

The Federal Trade Commission (FTC) on Thursday canceled its consent orders for the Chevron-Hess and ExxonMobil-Pioneer mergers, saying the combinations would not harm competition. As a result, Hess Corp. chief executive John Hess and Pioneer Natural Resources Co. founder and ex-chief executive Scott Sheffield are no longer barred from holding board or advisory positions at the enlarged Chevron and ExxonMobil respectively. The prohibitions were part of conditions imposed by the FTC in its final consent orders for the mergers, issued days before the change of government in January. Before it granted the final consent orders, however, the FTC had last year already cleared the mergers after conducting so-called “second-request” reviews, paving the way for ExxonMobil’s completion of its acquisition of Pioneer in 2024. On Friday, Chevron said it had completed the purchase of Hess, after the transaction was delayed by arbitration initiated by ExxonMobil to protect its preemption rights in Guyana’s Stabroek block, where Hess is a partner. Chevron said the arbitration ruling went its way. Investigations by the FTC under the Biden administration found John Hess and Sheffield had held talks with OPEC+ officials about artificially controlling production, leading to the FTC imposing the employment restrictions. Both John Hess and Sheffield have denied the accusations. In March 2025, two months after President Donald Trump took office, Chevron and Hess Corp., as well as Sheffield, petitioned the FTC to review the consent orders, according to separate statements by the Commission on Thursday. In both petitions, the FTC under Trump ruled that the complaints by the previous FTC “failed to plead any antitrust law violation under Section 7 of the Clayton Act”. The complaints “contained no allegations” that Chevron and ExxonMobil’s acquisition of their smaller rivals would be “anticompetitive”, the FTC added. Each complaint “did not allege that the acquisition would materially increase

Read More »

Southern Co. taps SwissDrones for unmanned helicopter monitoring

Dive Brief: Southern Co. is set to deploy a fleet of unmanned helicopters to assist with grid monitoring and inspection work, after becoming the first utility in the U.S. to secure an exemption from federal drone regulations regarding “beyond visual line of sight” flights. The use of drones means the utility doesn’t have to put helicopter pilots at risk, and the process will be cheaper, lower in emissions and more effective, said Dean Barefield, who manages Southern’s unmanned aircraft systems program. “By deploying a guided mission with an uncrewed aircraft, particularly with a helicopter type airframe, you can fly the exact same pass every time,” said SwissDrones CEO Ulrich Amberg. “And that allows you to generate identical datasets that you can then [assess with] AI algorithms.” Dive Insight: The production of identical datasets will allow Southern to automate the identification of changes, Amberg said, including “ground movements down to an inch of a deviation vertically.” “That means, if erosion starts, even if it’s only a few inches in one spot, the AI algorithm would identify that spot, which you can never see with the bare eye,” he said. “That, in turn, allows those companies to see the early signs of real risks and threats to their infrastructure, which so far haven’t even been possible to spot.” Barefield said the “increased volume, quality, and timeliness” of data collected will allow the utility to “respond to issues earlier, optimize maintenance schedules, and strengthen system reliability.” “Over time, as analytics and AI become more integrated with [unmanned aircraft system] data streams, customers will benefit from a more intelligent and responsive energy infrastructure that anticipates problems before they arise,” he said. While many utilities, including Southern, have been using smaller drones like quadcopters – which are covered by the FAA’s existing Part 107 regulation –

Read More »

Schneider Electric launches platform to boost supply chain decarbonization

Dive Brief: Schneider Electric unveiled a digital platform Tuesday that seeks to help companies decarbonize their supply chains and meet their climate goals, especially scope 3 emissions reduction targets. The new Zeigo Hub allows companies to engage suppliers of all sizes, view supplier participation, track and manage emissions across its supply chain and utilize tools and expertise that can help drive impactful results, according to the energy company. Schneider Electric said the hub is designed to support companies’ internal sustainability reporting and disclosures aligned with the Carbon Disclosure Project, Task Force on Climate-related Financial Disclosures and the European Union’s Corporate Sustainability Reporting Directive. The company said this feature will enhance transparency and alignment with global reporting standards and frameworks. Dive Insight: Zeigo Hub’s analytics engine offers companies visibility into their supplier engagement, emissions trends across operations and progress being made toward their science-based climate goals, according to Schneider Electric. The platform utilizes advanced agentic artificial intelligence capabilities to boost decarbonization and drive data-driven decision-making and is the first product to be deployed in Schneider Electric’s AI-native ecosystem, per the company. “Zeigo Hub’s agentic AI features will enhance and personalize the user onboarding experience by simplifying data entry with web scraping and uploading tools, customizing participation invitations, and providing additional program oversight on behalf of corporate program sponsors,” Schneider Electric said in a July 15 release. The French multinational, which specializes in energy management and technology, said every supplier that is invited to use Zeigo Hub will receive access to customized emission cutting roadmaps and sustainable solutions which will enable “concrete” reductions at scale. All participation costs for utilizing the platform will be covered by the sponsoring organization, removing cost barriers for suppliers and allowing for participation on a broad scale. “A decarbonized supply chain is no longer a ‘nice to

Read More »

FTC Retracts Ban vs Hess, Pioneer Leaders

The Federal Trade Commission (FTC) on Thursday canceled its consent orders for the Chevron-Hess and ExxonMobil-Pioneer mergers, saying the combinations would not harm competition. As a result, Hess Corp. chief executive John Hess and Pioneer Natural Resources Co. founder and ex-chief executive Scott Sheffield are no longer barred from holding board or advisory positions at the enlarged Chevron and ExxonMobil respectively. The prohibitions were part of conditions imposed by the FTC in its final consent orders for the mergers, issued days before the change of government in January. Before it granted the final consent orders, however, the FTC had last year already cleared the mergers after conducting so-called “second-request” reviews, paving the way for ExxonMobil’s completion of its acquisition of Pioneer in 2024. On Friday, Chevron said it had completed the purchase of Hess, after the transaction was delayed by arbitration initiated by ExxonMobil to protect its preemption rights in Guyana’s Stabroek block, where Hess is a partner. Chevron said the arbitration ruling went its way. Investigations by the FTC under the Biden administration found John Hess and Sheffield had held talks with OPEC+ officials about artificially controlling production, leading to the FTC imposing the employment restrictions. Both John Hess and Sheffield have denied the accusations. In March 2025, two months after President Donald Trump took office, Chevron and Hess Corp., as well as Sheffield, petitioned the FTC to review the consent orders, according to separate statements by the Commission on Thursday. In both petitions, the FTC under Trump ruled that the complaints by the previous FTC “failed to plead any antitrust law violation under Section 7 of the Clayton Act”. The complaints “contained no allegations” that Chevron and ExxonMobil’s acquisition of their smaller rivals would be “anticompetitive”, the FTC added. Each complaint “did not allege that the acquisition would materially increase

Read More »

Governors seek more influence over PJM amid ‘crisis of confidence’

Facing an “unprecedented crisis of confidence,” the PJM Interconnection needs fundamental change and new leadership, according to nine governors representing the majority of electric customers in the grid operator’s footprint. “At a time of rapidly rising load growth, PJM’s multi-year inability to efficiently connect new resources to its grid and to engage in effective long-term transmission planning has deprived our states of thousands of jobs and billions of dollars in investment that may flow to other regions,” the governors said to PJM’s board in a letter released Thursday. The letter from the governors comes about a year after total capacity costs in PJM’s last capacity auction jumped to $14.7 billion from $2.2 billion in the previous auction. The increase led to potential electric bill hikes in some states in the 10% to 20% range. Some states took steps to ease those bill increases. PJM is set to release the results of its most recent capacity auction on Tuesday. Increasingly, states are considering leaving PJM, the governors said. The letter was signed by governors from Delaware, Illinois, Kentucky, Maryland, Michigan, New Jersey, Pennsylvania, Tennessee and Virginia. “We are deeply concerned that PJM’s response has been typified by halting, inconsistent steps and rising internal conflicts within the stakeholder community that have recently culminated in the abrupt termination of two long-standing members of the Board of Managers and the imminent departure of the CEO,” the governors said. Manu Asthana, PJM president and CEO, on April 14 said he plans to step down from his job at the end of this year. He joined PJM in January 2020. PJM is seeking a replacement. Also, at a May 12 Members Committee meeting, two incumbent board nominees — Chairman Mark Takahashi and Terry Blackwell — failed to receive enough votes to be reelected to three-year terms, according

Read More »

The key to renewable energy development is building local trust

Arun Muthukrishnan is senior manager of development at Arevon Energy. After developing over 1 GW of utility-scale solar and storage projects across diverse terrains and jurisdictions in the U.S., I’ve come to realize that the real complexity of this industry rarely lies in photovoltaic modules or grid studies. It lies in people. Coordinating with city officials, utility engineers, fire marshals and local communities isn’t just part of the job. It is the job. One of my earliest lessons came from a mid-sized city in Southern California where we thought we had a slam-dunk project. The land was zoned appropriately, the interconnection looked promising and we had a clean environmental review.  What we didn’t anticipate was the skepticism from the city council. They had been burned in the past by developers who promised jobs and community benefits but later disappeared. So before we even reached the planning commission hearing, we met one-on-one with local leaders, showed up at community events and clearly outlined how the project aligned with the city’s climate goals. That work paid off. Not only did the council approve the project unanimously, but they became advocates, mentioning it in newsletters and media interviews. The biggest lesson? Cities aren’t obstacles. They’re potential champions if you engage them early and honestly. Utility coordination is also often misunderstood by developers as a check-box process. But utilities aren’t just black box institutions processing queue positions. They’re risk-averse entities tasked with maintaining grid reliability. On one Electric Reliability Council of Texas project, the hosting capacity maps painted a rosy picture. But thanks to a weekly call we initiated with the utility’s transmission planning team, we learned about a transformer nearing overload that wouldn’t show up in the system impact study for months. That visibility allowed us to move our point of interconnection slightly

Read More »

Bureau of Land Management Approves Geothermal Facility

In a release posted on its website this week, the U.S. Bureau of Land Management announced that it had approved the 30-megawatt Crescent Valley geothermal energy production facility and associated transmission line. The project includes construction and operation of one power plant, a photovoltaic solar field, 17 additional geothermal fluid production and injection wells and well pads, new and improved access roads, an aggregate pit, geothermal fluid pipelines, an electrical gen-tie line, substation, switching station, and ancillary support facilities, the Bureau of Land Management noted in the release. “Geothermal projects support domestic energy production and American energy independence, while contributing to the nation’s economy and security,” the Bureau stated in the release. “Consistent with Executive Order 14154, ‘Unleashing American Energy’, the geothermal projects on public lands help meet the energy needs of U.S. citizens, will solidify the nation as a global energy leader long into the future, and achieve American Energy Dominance,” it added. In the release, the Bureau of Land Management highlighted that, “according to the U.S. Environmental Protection Agency, one megawatt produced by a geothermal project can power about 1,104 average American homes’ electricity use per year”. The Bureau stated in the release that geothermal “is an abundant resource, especially in the West, where the BLM has authority to manage geothermal resource leasing, exploration, and development on approximately 245 million surface acres of public lands and the 700 million acres where the United States owns the subsurface mineral estate”. In a separate release posted on its site on June 27, the Bureau of Land Management announced that it had approved three geothermal energy projects under an expedited timeline in Nevada, which it said support the administration’s goals for energy development on public lands. These comprise the Diamond Flat Geothermal Project, the McGinness Hills Geothermal Optimization Project, and the Pinto Geothermal Project, the release highlighted.

Read More »

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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A brief history of “three-parent babies”

This week we heard that eight babies have been born in the UK following an experimental form of IVF that involves DNA from three people. The approach was used to prevent women with genetic mutations from passing mitochondrial diseases to their children. You can read all about the results, and the reception to them, here.  But these eight babies aren’t the first “three-parent” children out there. Over the last decade, several teams have been using variations of this approach to help people have babies. This week, let’s consider the other babies born from three-person IVF. I can’t go any further without talking about the term we use to describe these children. Journalists, myself included, have called them “three-parent babies” because they are created using DNA from three people. Briefly, the approach typically involves using the DNA from the nuclei of the intended parents’ egg and sperm cells. That’s where most of the DNA in a cell is found. But it also makes use of mitochondrial DNA (mtDNA)—the DNA found in the energy-producing organelles of a cell—from a third person. The idea is to avoid using the mtDNA from the intended mother, perhaps because it is carrying genetic mutations. Other teams have done this in the hope of treating infertility.
mtDNA, which is usually inherited from a person’s mother, makes up a tiny fraction of total inherited DNA. It includes only 37 genes, all of which are thought to play a role in how mitochondria work (as opposed to, say, eye color or height). That’s why some scientists despise the term “three-parent baby.” Yes, the baby has DNA from three people, but those three can’t all be considered parents, critics argue. For the sake of argument, this time around I’ll use the term “three-person IVF” from here on out.
So, about these babies. The first were reported back in the 1990s. Jacques Cohen, then at Saint Barnabas Medical Center in Livingston, New Jersey, and his colleagues thought they might be able to treat some cases of infertility by injecting the mitochondria-containing cytoplasm of healthy eggs into eggs from the intended mother. Seventeen babies were ultimately born this way, according to the team. (Side note: In their paper, the authors describe potential resulting children as “three-parental individuals.”) But two fetuses appeared to have genetic abnormalities. And one of the children started to show signs of a developmental disorder. In 2002, the US Food and Drug Administration put a stop to the research. The babies born during that study are in their 20s now. But scientists still don’t know why they saw those abnormalities. Some think that mixing mtDNA from two people might be problematic. Newer approaches to three-person IVF aim to include mtDNA from just the donor, completely bypassing the intended mother’s mtDNA. John Zhang at the New Hope Fertility Center in New York City tried this approach for a Jordanian couple in 2016. The woman carried genes for a fatal mitochondrial disease and had already lost two children to it. She wanted to avoid passing it on to another child. Zhang took the nucleus of the woman’s egg and inserted it into a donor egg that had had its own nucleus removed—but still had its mitochondria-containing cytoplasm. That egg was then fertilized with the woman’s husband’s sperm. Because it was still illegal in the US, Zhang controversially did the procedure in Mexico, where, as he told me at the time, “there are no rules.” The couple eventually welcomed a healthy baby boy. Less than 1% of the boy’s mitochondria carried his mother’s mutation, so the procedure was deemed a success. There was a fair bit of outrage from the scientific community, though. Mitochondrial donation had been made legal in the UK the previous year, but no clinic had yet been given a license to do it. Zhang’s experiment seemed to have been conducted with no oversight. Many questioned how ethical it was, although Sian Harding, who reviewed the ethics of the UK procedure, then told me it was “as good as or better than what we’ll do in the UK.” The scandal had barely died down by the time the next “three-person IVF” babies were announced. In 2017, a team at the Nadiya Clinic in Ukraine announced the birth of a little girl to parents who’d had the treatment for infertility. The news brought more outrage from some quarters, as scientists argued that the experimental procedure should only be used to prevent severe mitochondrial diseases.

It wasn’t until later that year that the UK’s fertility authority granted a team in Newcastle a license to perform mitochondrial donation. That team launched a trial in 2017. It was big news—the first “official” trial to test whether the approach could safely prevent mitochondrial disease. But it was slow going. And meanwhile, other teams were making progress. The Nadiya Clinic continued to trial the procedure in couples with infertility. Pavlo Mazur, a former embryologist who worked at that clinic, tells me that 10 babies were born there as a result of mitochondrial donation. Mazur then moved to another clinic in Ukraine, where he says he used a different type of mitochondrial donation to achieve another five healthy births for people with infertility. “In total, it’s 15 kids made by me,” he says. But he adds that other clinics in Ukraine are also using mitochondrial donation, without sharing their results. “We don’t know the actual number of those kids in Ukraine,” says Mazur. “But there are dozens of them.” In 2020, Nuno Costa-Borges of Embryotools in Barcelona, Spain, and his colleagues described another trial of mitochondrial donation. This trial, performed in Greece, was also designed to test the procedure for people with infertility. It involved 25 patients. So far, seven children have been born. “I think it’s a bit strange that they aren’t getting more credit,” says Heidi Mertes, a medical ethicist at Ghent University in Belgium. The newly announced UK births are only the latest “three-person IVF” babies. And while their births are being heralded as a success story for mitochondrial donation, the story isn’t quite so simple. Three of the eight babies were born with a non-insignificant proportion of mutated mitochondria, ranging between 5% and 20%, depending on the baby and the sample. Dagan Wells of the University of Oxford, who is involved in the Greece trial, says that two of the seven babies in their study also appear to have inherited mtDNA from their intended mothers. Mazur says he has seen several cases of this “reversal” too. This isn’t a problem for babies whose mothers don’t carry genes for mitochondrial disease. But it might be for those whose mothers do. I don’t want to pour cold water over the new UK results. It was great to finally see the results of a trial that’s been running for eight years. And the births of healthy babies are something to celebrate. But it’s not a simple success story. Mitochondrial donation doesn’t guarantee a healthy baby. We still have more to learn, not only from these babies, but from the others that have already been born. 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.

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Mistral’s Le Chat adds deep research agent and voice mode to challenge OpenAI’s enterprise dominance

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Since OpenAI introduced Deep Research, an AI agent that can conduct research for users and generate a comprehensive report, many other companies have released their own versions of this capability, all named Deep Research.  Deep Research, as a feature and product, can be accessed through various platforms, including Google’s Gemini, AlphaSense, You.com, DeepSeek, Grok 3 and many others.  Now, French company Mistral joins the fray with the launch of deep research capabilities into its Le Chat, among other updates to the platform.  In a blog post, the company said Deep Research and other new features will make Le Chat “even more capable, more intuitive and more fun.” Le Chat users can open research mode and ask it something. The chatbot then asks questions to clarify some information and then begins gathering sources. It will put together “a structured, reference-backed report that’s easy to follow.” The AI Impact Series Returns to San Francisco – August 5 The next phase of AI is here – are you ready? Join leaders from Block, GSK, and SAP for an exclusive look at how autonomous agents are reshaping enterprise workflows – from real-time decision-making to end-to-end automation. Secure your spot now – space is limited: https://bit.ly/3GuuPLF Mistral said its research is powered by a Deep Research agent, which it designed to be “genuinely helpful” and feels like working with an organized research partner.  Deep Research has been called “the first mass market AI that could displace jobs,” especially since it can put out reports faster than human analysts.  Mistral also updated “thinking mode,” where Le Chat users can access the company’s chain-of-thought model Magistral, to read and respond in different

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Finding value from AI agents from day one

In partnership withBoomi Imagine AI so sophisticated it could read a customer’s mind? Or identify and close a cybersecurity loophole weeks before hackers strike? How about a team of AI agents equipped to restructure a global supply chain and circumnavigate looming geopolitical disruption? Such disruptive possibilities explain why agentic AI is sending ripples of excitement through corporate boardrooms.  Although still so early in its development that there lacks consensus on a single, shared definition, agentic AI refers loosely to a suite of AI systems capable of connected and autonomous decision-making with zero or limited human intervention. In scenarios where traditional AI typically requires explicit prompts or instructions for each step, agentic AI will independently execute tasks, learning and adapting to its environment to refine decisions over time.  From assuming oversight for complex workflows, such as procurement or recruitment, to carrying out proactive cybersecurity checks or automating support, enterprises are abuzz at the potential use cases for agentic AI.  According to one Capgemini survey, 50% of business executives are set to invest in and implement AI agents in their organizations in 2025, up from just 10% currently. Gartner has also forecast that 33% of enterprise software applications will incorporate agentic AI by 2028. For context, in 2024 that proportion was less than 1%. 
“It’s creating such a buzz – software enthusiasts seeing the possibilities unlocked by LLMs, venture capitalists wanting to find the next big thing, companies trying to find the ‘killer app,” says Matt McLarty, chief technology officer at Boomi. But, he adds, “right now organizations are struggling to get out of the starting blocks.”  The challenge is that many organizations are so caught up in the excitement that they risk attempting to run before they can walk when it comes to deployment of agentic AI, believes McLarty. And in so doing they risk turning it from potential business breakthrough into a source of cost, complexity, and confusion.
Keeping agentic AI simple  The heady capabilities of agentic AI have created understandable temptation for senior business leaders to rush in, acting on impulse rather than insight risks turning the technology into a solution in search of a problem, points out McLarty.  It’s a scenario that’s unfolded with previous technologies. The decoupling of Blockchain from Bitcoin in 2014 paved the way for a Blockchain 2.0 boom in which organizations rushed to explore the applications for a digital, decentralized ledger beyond currency. But a decade on, the technology has fallen far short of forecasts at the time, dogged by technology limitations and obfuscated use cases.  “I do see Blockchain as a cautionary tale,” says McLarty. “The hype and ultimate lack of adoption is definitely a path the agentic AI movement should avoid.” He explains, “The problem with Blockchain is that people struggle to find use cases where it applies as a solution, and even when they find the use cases, there is often a simpler and cheaper solution,” he adds. “I think agentic AI can do things no other solution can, in terms of contextual reasoning and dynamic execution. But as technologists, we get so excited about the technology, sometimes we lose sight of the business problem.” Instead of diving in headfirst, McLarty advocates for an iterative attitude toward applications of agentic AI, targeting “low-hanging fruit” and incremental use cases. This includes focusing investment on the worker agents that are set to make up the components of more sophisticated, multi-agent agentic systems further down the road.  However, with a narrower, more prescribed remit, these AI agents with agentic capabilities can add instant value. Enabled with natural language processing (NLP) they can be used to bridge the linguistic shortfalls in current chat agents for example or adaptively carry out rote tasks via dynamic automation.  “Current rote automation processes generate a lot of value for organizations today, but they can lead to a lot of manual exception processing,” points out McLarty. “Agentic exception handling agents can eliminate a lot of that.”  It’s also essential to avoid use cases for agentic AI that could be addressed with a cheaper and simpler technology. “Configuring a self-manager, ephemeral agent swarm may sound exciting and be exhilarating to build, but maybe you can just solve the problem with a simple reasoning agent that has access to some in-house contextual data and API-based tools,” says McLarty. “Let’s call it the KASS principle: Keep agents simple, stupid.” Connecting the dots The future value of agentic AI will lie in its interoperability and organizations that prioritize this pillar at the earliest phase of their adoption will find themselves ahead of the curve. 

As McLarty explains, the usefulness of agentic AI agents in scenarios like customer support chats lies in their combination of four elements: a defined business scope, large language models (LLM), the wider context derived from an organization’s existing data, and capabilities executed through its core applications. These latter two rely on in-built interoperability. For example, an AI agent tasked with onboarding new employees will require access to updated HR policies, asset catalogs and IT. “Organizations can get a massive head start on business value through AI agents by having interoperable data and applications to plug and play with agents,” he says.  Agent-to-agent frameworks like the model context protocol (MCP) – an open and standardized plug-and-play that connects AI models to internal (or external) information sources – can be layered onto an existing API architecture to embed connectedness from the outset. And while it might feel like an additional hurdle now, in the longer-term those organizations that make this investment early will reap the benefits.  “The icing on the cake for interoperability is that all the work you do to connect agents to data and applications now will help you prepare for the multi-agent future where interoperability between agents will be essential,” says McLarty.  In this future, multi-agent systems will work collectively on more intricate, cross-functional tasks. Agentic systems will draw on AI agents across inventory, logistics and production to coordinate and optimize supply chain management for example or perform complex assembly tasks.  Conscious that this is where the technology is headed, third-party developers are already beginning to offer multi-agent capability. In December, Amazon launched such a tool for its Bedrock service, providing users access to specialized agents coordinated by a supervisor agent capable of breaking down requests, delegating tasks and consolidating outputs.  But though such an off-the-rack solution has the advantage of allowing enterprises to bypass both the risk and complexity in leveraging such capabilities, the digital heterogeneity of larger organizations in particular will likely mean – in the longer-term at least – they’ll need to rely on their own API architecture to realize the full potential in multi-agent systems. McLarty’s advice is simple, “This is definitely a time to ground yourself in the business problem, and only go as far as you need to with the solution.” 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 entirely 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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How to run an LLM on your laptop

MIT Technology Review’s How To series helps you get things done.  Simon Willison has a plan for the end of the world. It’s a USB stick, onto which he has loaded a couple of his favorite open-weight LLMs—models that have been shared publicly by their creators and that can, in principle, be downloaded and run with local hardware. If human civilization should ever collapse, Willison plans to use all the knowledge encoded in their billions of parameters for help. “It’s like having a weird, condensed, faulty version of Wikipedia, so I can help reboot society with the help of my little USB stick,” he says. But you don’t need to be planning for the end of the world to want to run an LLM on your own device. Willison, who writes a popular blog about local LLMs and software development, has plenty of compatriots: r/LocalLLaMA, a subreddit devoted to running LLMs on your own hardware, has half a million members. For people who are concerned about privacy, want to break free from the control of the big LLM companies, or just enjoy tinkering, local models offer a compelling alternative to ChatGPT and its web-based peers.
The local LLM world used to have a high barrier to entry: In the early days, it was impossible to run anything useful without investing in pricey GPUs. But researchers have had so much success in shrinking down and speeding up models that anyone with a laptop, or even a smartphone, can now get in on the action. “A couple of years ago, I’d have said personal computers are not powerful enough to run the good models. You need a $50,000 server rack to run them,” Willison says. “And I kept on being proved wrong time and time again.” Why you might want to download your own LLM Getting into local models takes a bit more effort than, say, navigating to ChatGPT’s online interface. But the very accessibility of a tool like ChatGPT comes with a cost. “It’s the classic adage: If something’s free, you’re the product,” says Elizabeth Seger, the director of digital policy at Demos, a London-based think tank. 
OpenAI, which offers both paid and free tiers, trains its models on users’ chats by default. It’s not too difficult to opt out of this training, and it also used to be possible to remove your chat data from OpenAI’s systems entirely, until a recent legal decision in the New York Times’ ongoing lawsuit against OpenAI required the company to maintain all user conversations with ChatGPT. Google, which has access to a wealth of data about its users, also trains its models on both free and paid users’ interactions with Gemini, and the only way to opt out of that training is to set your chat history to delete automatically—which means that you also lose access to your previous conversations. In general, Anthropic does not train its models using user conversations, but it will train on conversations that have been “flagged for Trust & Safety review.”  Training may present particular privacy risks because of the ways that models internalize, and often recapitulate, their training data. Many people trust LLMs with deeply personal conversations—but if models are trained on that data, those conversations might not be nearly as private as users think, according to some experts. “Some of your personal stories may be cooked into some of the models, and eventually be spit out in bits and bytes somewhere to other people,” says Giada Pistilli, principal ethicist at the company Hugging Face, which runs a huge library of freely downloadable LLMs and other AI resources. For Pistilli, opting for local models as opposed to online chatbots has implications beyond privacy. “Technology means power,” she says. “And so who[ever] owns the technology also owns the power.” States, organizations, and even individuals might be motivated to disrupt the concentration of AI power in the hands of just a few companies by running their own local models. Breaking away from the big AI companies also means having more control over your LLM experience. Online LLMs are constantly shifting under users’ feet: Back in April, ChatGPT suddenly started sucking up to users far more than it had previously, and just last week Grok started calling itself MechaHitler on X. Providers tweak their models with little warning, and while those tweaks might sometimes improve model performance, they can also cause undesirable behaviors. Local LLMs may have their quirks, but at least they are consistent. The only person who can change your local model is you. Of course, any model that can fit on a personal computer is going to be less powerful than the premier online offerings from the major AI companies. But there’s a benefit to working with weaker models—they can inoculate you against the more pernicious limitations of their larger peers. Small models may, for example, hallucinate more frequently and more obviously than Claude, GPT, and Gemini, and seeing those hallucinations can help you build up an awareness of how and when the larger models might also lie.

“Running local models is actually a really good exercise for developing that broader intuition for what these things can do,” Willison says. How to get started Local LLMs aren’t just for proficient coders. If you’re comfortable using your computer’s command-line interface, which allows you to browse files and run apps using text prompts, Ollama is a great option. Once you’ve installed the software, you can download and run any of the hundreds of models they offer with a single command.  If you don’t want to touch anything that even looks like code, you might opt for LM Studio, a user-friendly app that takes a lot of the guesswork out of running local LLMs. You can browse models from Hugging Face from right within the app, which provides plenty of information to help you make the right choice. Some popular and widely used models are tagged as “Staff Picks,” and every model is labeled according to whether it can be run entirely on your machine’s speedy GPU, needs to be shared between your GPU and slower CPU, or is too big to fit onto your device at all. Once you’ve chosen a model, you can download it, load it up, and start interacting with it using the app’s chat interface. As you experiment with different models, you’ll start to get a feel for what your machine can handle. According to Willison, every billion model parameters require about one GB of RAM to run, and I found that approximation to be accurate: My own 16 GB laptop managed to run Alibaba’s Qwen3 14B as long as I quit almost every other app. If you run into issues with speed or usability, you can always go smaller—I got reasonable responses from Qwen3 8B as well. And if you go really small, you can even run models on your cell phone. My beat-up iPhone 12 was able to run Meta’s Llama 3.2 1B using an app called LLM Farm. It’s not a particularly good model—it very quickly goes off into bizarre tangents and hallucinates constantly—but trying to coax something so chaotic toward usability can be entertaining. If I’m ever on a plane sans Wi-Fi and desperate for a probably false answer to a trivia question, I now know where to look. Some of the models that I was able to run on my laptop were effective enough that I can imagine using them in my journalistic work. And while I don’t think I’ll depend on phone-based models for anything anytime soon, I really did enjoy playing around with them. “I think most people probably don’t need to do this, and that’s fine,” Willison says. “But for the people who want to do this, it’s so much fun.”

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OpenAI unveils ‘ChatGPT agent’ that gives ChatGPT its own computer to autonomously use your email and web apps, download and create files for you

OpenAI isn’t letting the delay of its open source AI model slow it down on shipping other features.Today, the company is unveiling ChatGPT agent, a feature that allows its AI chatbot to autonomously browse the web, conduct extensive research, download and create new files for its human users using its own virtual computer.Come again? ChatGPT now gets its own PC? And it can use that PC to log into your, the human user’s, accounts and download or send stuff for you?That’s correct, at least in a virtual sense, according to OpenAI. As the company explains:

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Blaxel raises $7.3M seed round to build ‘AWS for AI agents’ after processing billions of agent requests

Blaxel, a startup building cloud infrastructure specifically designed for artificial intelligence agents, has raised $7.3 million in seed funding led by First Round Capital, the company announced Tuesday. The financing comes just three months after the six-founder team graduated from Y Combinator’s Spring 2025 batch, underscoring investor appetite for infrastructure plays in the rapidly expanding AI agent market.The San Francisco-based company is betting that the current generation of cloud providers — Amazon Web Services, Google Cloud, and Microsoft Azure — are fundamentally mismatched for the new wave of autonomous AI systems that can take actions without human intervention. These AI agents, which handle everything from managing calendars to generating code, require dramatically different infrastructure than traditional web applications built for human users.“The current cloud providers have been designed for the Web 2.0, Software as a Service era,” said Paul Sinaï, Blaxel’s co-founder and CEO, in an exclusive interview with VentureBeat. “But with this new wave of agentic AI, we believe that there is a need for a new type of infrastructure which is dedicated to AI agents.”The timing reflects a broader shift in enterprise computing as companies increasingly deploy AI agents for customer service, data processing, and workflow automation. Unlike traditional applications where databases sit alongside web servers in predictable patterns, AI agents create unique networking challenges by connecting to language models in one region, APIs in another cloud, and knowledge bases elsewhere—all while users expect instant responses.

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Aramco Nears $10B Jafurah Pipeline Stake Sale to GIP

Saudi Aramco is in advanced talks to sell a roughly $10 billion stake in midstream infrastructure serving the giant Jafurah natural gas project to a group led by BlackRock Inc., according to people with knowledge of the matter.  The consortium is backed by BlackRock’s Global Infrastructure Partners unit and could reach an agreement as soon as the coming days, said the people, who asked not to be identified discussing confidential information.  The deal will involve pipelines and other infrastructure serving the $100 billion-plus Jafurah project, which Aramco is developing to supply domestic power plants as well as for export. It’s an unconventional field, meaning the gas is trapped in hard-to-access rock formations and requires special techniques to extract. Reuters reported on Thursday that GIP was nearing a deal, citing unidentified people. Aramco didn’t respond to emailed queries outside regular business hours in Saudi Arabia.  Bloomberg News first revealed in 2021 that Aramco was considering introducing outside investors into parts of the Jafurah project. Aramco was approaching infrastructure funds to gauge their interest in the midstream assets, people with knowledge of the matter said the next year.  State-controlled Aramco has been seeking to bring in international capital and sell stakes in some assets as the government pursues massive projects to build futuristic cities and diversify its economy. The kingdom is pushing ahead with a vast expansion, including developing new tourism destinations and building up a manufacturing base, to prepare for a future in which oil demand will begin to wane. BlackRock was earlier among investors that bought stakes in Aramco’s national gas pipeline network.  WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

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EU Slaps New Sanctions on Russia and Its Oil Trade

European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from Russian petroleum.  The package, the bloc’s 18th since Moscow’s full scale invasion, will see about 20 more Russian banks cut off the international payments system SWIFT and face a full transaction ban, as well as restrictions imposed on Russian petroleum refined in third countries. A large oil refinery in India, part-owned by Russia’s state-run oil company, Rosneft PJSC, was also blacklisted. The cap on Russian oil, currently set at $60 per barrel, will be set dynamically at 15 percent below market rates moving forward. The new mechanism will see the threshold start off somewhere between $45-$50 and automatically revised at least twice a year based on market prices, Bloomberg previously reported. The latest sanctions by the European Union are aimed at further crimping the Kremlin’s energy revenue, the bulk of which comes from oil exports to India and China.  However, the original price cap imposed by the Group of Seven has had a limited impact on Russia’s oil flows, as the nation has built up a huge shadow fleet of tankers to haul its oil without using western services. The EU has also so far failed to convince the US to offer crucial support to the lower cap. Discussions are ongoing with other G-7 members but the US opposition is making it hard to reach agreement, according to people familiar with the matter. The UK, however, is expected to be on board with the move, the people said. The EU’s move to restrict fuels such as diesel made from Russian crude could have some market impact, as Europe imports the fuel from India, which in turn buys large amounts of

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Schneider Electric launches platform to boost supply chain decarbonization

Dive Brief: Schneider Electric unveiled a digital platform Tuesday that seeks to help companies decarbonize their supply chains and meet their climate goals, especially scope 3 emissions reduction targets. The new Zeigo Hub allows companies to engage suppliers of all sizes, view supplier participation, track and manage emissions across its supply chain and utilize tools and expertise that can help drive impactful results, according to the energy company. Schneider Electric said the hub is designed to support companies’ internal sustainability reporting and disclosures aligned with the Carbon Disclosure Project, Task Force on Climate-related Financial Disclosures and the European Union’s Corporate Sustainability Reporting Directive. The company said this feature will enhance transparency and alignment with global reporting standards and frameworks. Dive Insight: Zeigo Hub’s analytics engine offers companies visibility into their supplier engagement, emissions trends across operations and progress being made toward their science-based climate goals, according to Schneider Electric. The platform utilizes advanced agentic artificial intelligence capabilities to boost decarbonization and drive data-driven decision-making and is the first product to be deployed in Schneider Electric’s AI-native ecosystem, per the company. “Zeigo Hub’s agentic AI features will enhance and personalize the user onboarding experience by simplifying data entry with web scraping and uploading tools, customizing participation invitations, and providing additional program oversight on behalf of corporate program sponsors,” Schneider Electric said in a July 15 release. The French multinational, which specializes in energy management and technology, said every supplier that is invited to use Zeigo Hub will receive access to customized emission cutting roadmaps and sustainable solutions which will enable “concrete” reductions at scale. All participation costs for utilizing the platform will be covered by the sponsoring organization, removing cost barriers for suppliers and allowing for participation on a broad scale. “A decarbonized supply chain is no longer a ‘nice to

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Southern Co. taps SwissDrones for unmanned helicopter monitoring

Dive Brief: Southern Co. is set to deploy a fleet of unmanned helicopters to assist with grid monitoring and inspection work, after becoming the first utility in the U.S. to secure an exemption from federal drone regulations regarding “beyond visual line of sight” flights. The use of drones means the utility doesn’t have to put helicopter pilots at risk, and the process will be cheaper, lower in emissions and more effective, said Dean Barefield, who manages Southern’s unmanned aircraft systems program. “By deploying a guided mission with an uncrewed aircraft, particularly with a helicopter type airframe, you can fly the exact same pass every time,” said SwissDrones CEO Ulrich Amberg. “And that allows you to generate identical datasets that you can then [assess with] AI algorithms.” Dive Insight: The production of identical datasets will allow Southern to automate the identification of changes, Amberg said, including “ground movements down to an inch of a deviation vertically.” “That means, if erosion starts, even if it’s only a few inches in one spot, the AI algorithm would identify that spot, which you can never see with the bare eye,” he said. “That, in turn, allows those companies to see the early signs of real risks and threats to their infrastructure, which so far haven’t even been possible to spot.” Barefield said the “increased volume, quality, and timeliness” of data collected will allow the utility to “respond to issues earlier, optimize maintenance schedules, and strengthen system reliability.” “Over time, as analytics and AI become more integrated with [unmanned aircraft system] data streams, customers will benefit from a more intelligent and responsive energy infrastructure that anticipates problems before they arise,” he said. While many utilities, including Southern, have been using smaller drones like quadcopters – which are covered by the FAA’s existing Part 107 regulation –

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Trump wants to use AI to prevent wildfires. Utilities are trying. Will it work?

The United States has already experienced more wildfires this year than it has over same period in any other year this decade, according to the National Interagency Fire Center. With the risk of fire expected to grow due to climate change and other factors, utilities have increasingly turned to technology to help them keep up. And those efforts could get a boost following President Donald Trump’s June 12 executive order calling on federal agencies to deploy technology to address “a slow and inadequate response to wildfires.” The order directed agencies to create a roadmap for using “artificial intelligence, data sharing, innovative modeling and mapping capabilities, and technology to identify wildland fire ignitions and weather forecasts to inform response and evacuation.” It also told federal authorities to declassify historical satellite datasets that could be used to improve wildfire prediction, and called for strengthening coordination among agencies and improving wildland and vegetation management. Additionally, the order laid out a vision for consolidating federal wildfire prevention and suppression efforts that are currently spread across agencies. The White House’s proposed 2026 budget blueprint would create a new, unified federal wildland fire service under the Department of Interior. So far, Trump’s directive has drawn a mixed response from wildfire experts. While some said it could empower local governments and save utilities money, others said the order’s impact will be limited. “I think some people read into the order more than is there, and some people read less,” said Chet Wade, a spokesperson for the Partners in Wildfire Prevention coalition. “I don’t know exactly what will come of it, but getting technology into the right hands could be very helpful.” Fire prevention goes high tech Since the 2018 Camp Fire that bankrupted PG&E and set a nationwide precedent for suing utilities that trigger large fires, energy companies around

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FTC Retracts Ban vs Hess, Pioneer Leaders

The Federal Trade Commission (FTC) on Thursday canceled its consent orders for the Chevron-Hess and ExxonMobil-Pioneer mergers, saying the combinations would not harm competition. As a result, Hess Corp. chief executive John Hess and Pioneer Natural Resources Co. founder and ex-chief executive Scott Sheffield are no longer barred from holding board or advisory positions at the enlarged Chevron and ExxonMobil respectively. The prohibitions were part of conditions imposed by the FTC in its final consent orders for the mergers, issued days before the change of government in January. Before it granted the final consent orders, however, the FTC had last year already cleared the mergers after conducting so-called “second-request” reviews, paving the way for ExxonMobil’s completion of its acquisition of Pioneer in 2024. On Friday, Chevron said it had completed the purchase of Hess, after the transaction was delayed by arbitration initiated by ExxonMobil to protect its preemption rights in Guyana’s Stabroek block, where Hess is a partner. Chevron said the arbitration ruling went its way. Investigations by the FTC under the Biden administration found John Hess and Sheffield had held talks with OPEC+ officials about artificially controlling production, leading to the FTC imposing the employment restrictions. Both John Hess and Sheffield have denied the accusations. In March 2025, two months after President Donald Trump took office, Chevron and Hess Corp., as well as Sheffield, petitioned the FTC to review the consent orders, according to separate statements by the Commission on Thursday. In both petitions, the FTC under Trump ruled that the complaints by the previous FTC “failed to plead any antitrust law violation under Section 7 of the Clayton Act”. The complaints “contained no allegations” that Chevron and ExxonMobil’s acquisition of their smaller rivals would be “anticompetitive”, the FTC added. Each complaint “did not allege that the acquisition would materially increase

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