financetom
Business
financetom
/
Business
/
Virginia governor say US must develop fusion or fall behind China on energy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Virginia governor say US must develop fusion or fall behind China on energy
Mar 11, 2025 7:05 PM

NEW YORK (Reuters) -The United States must expedite its development of fusion energy or risk falling behind China on energy dominance, said Virginia Governor Glenn Youngkin at the CERAWeek energy conference in Houston on Tuesday.

Virginia is home to the world's biggest hub of energy-hungry data centers, with about 70% of the world's internet traffic routing through the state.

"We've got to drive hard to accelerate fusion, otherwise China will," Youngkin said during a panel discussion at the conference alongside Virginia utility Dominion Energy CEO Robert Blue and Bob Mumgaard, chief of Commonwealth Fusion Systems.

Commonwealth Fusion Systems announced in December that it planned the first utility-scale fusion power plant, which it would build in Virginia.

Fusion is the reaction that fuels the sun and which scientists are trying to replicate on Earth with lasers or magnets.

(Reporting by Laila Kearney and Tim Gardner; Editing by Tom Hogue and Muralikumar Anantharaman)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ValOre Terminates Amalgamation Agreement With South Atlantic
ValOre Terminates Amalgamation Agreement With South Atlantic
Jun 27, 2025
02:51 PM EDT, 06/27/2025 (MT Newswires) -- ValOre Metals ( KVLQF ) Friday announced that it has terminated a previously announced amalgamation agreement with South Atlantic Gold ( JLRRF ) and 1529317 B.C. Ltd. effective June 27, 2025. According to a company statement, the parties mutually terminated the agreement after South Atlantic shareholders failed to adopt a special resolution approving...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BRIEF-Papa Medical Says Estimated IPO Price Expected To Be $4 Per Share
BRIEF-Papa Medical Says Estimated IPO Price Expected To Be $4 Per Share
Jun 27, 2025
June 27 (Reuters) - Papa Medical Inc: * PAPA MEDICAL INC: ESTIMATED INITIAL PUBLIC OFFERING PRICE IS EXPECTED TO BE US$4 PER SHARE * PAPA MEDICAL INC SEES IPO OF UP TO 1.3 MILLION SHARES OF CLASS A COMMON STOCK - SEC FILING * PAPA MEDICAL INC ADDS US TIGER SECURITIES INC AS UNDERWRITER TO IPO - SEC FILING Source...
McGraw Hill Files For IPO
McGraw Hill Files For IPO
Jun 27, 2025
02:51 PM EDT, 06/27/2025 (MT Newswires) -- McGraw Hill (MH) filed a registration statement Friday for the initial public offering of common shares. McGraw Hill is a provider of information solutions for education across K-12 to higher education and via professional learning. The number of shares to be offered and the price range are yet to be determined, according to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved