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 >
Stellantis Expected to Appoint New CEO Before H2, Executive Says
Stellantis Expected to Appoint New CEO Before H2, Executive Says
Jan 31, 2025
01:13 PM EST, 01/31/2025 (MT Newswires) -- Stellantis ( STLA ) should nominate a new chief executive officer before the end of H1 2025, the automaker's chief operating officer for South America Emanuele Cappellano said in a press conference in Brazil, according to Italian media reports Friday. The new CEO will succeed Carlos Tavares, who resigned in December. Cappellano said...
Payroll services provider DailyPay prepares for 2025 US IPO, sources say
Payroll services provider DailyPay prepares for 2025 US IPO, sources say
Jan 31, 2025
Jan 31 (Reuters) - DailyPay, a financial services firm that helps workers access their pay early, has kicked off preparations for a potential U.S. stock market listing that could come as soon as the second half of the year, according to people familiar with the matter. The New York-based company is in talks to hire investment bankers for its planned...
US Equity Indexes Trade Close to Record Highs as Fed's Preferred Inflation Gauge Meets Expectations
US Equity Indexes Trade Close to Record Highs as Fed's Preferred Inflation Gauge Meets Expectations
Jan 31, 2025
01:14 PM EST, 01/31/2025 (MT Newswires) -- US equity indexes rose as a closely monitored inflation measure met expectations and earnings from Apple ( AAPL ) kept bears at bay amid speculation President Donald Trump's likely announcement on tariffs on Saturday may not include oil imports. The Nasdaq Composite rose by 1.1% to 19,905.2, with the S&P 500 up 0.7%...
Metsera Shares Rise Sharply in Nasdaq Debut
Metsera Shares Rise Sharply in Nasdaq Debut
Jan 31, 2025
01:02 PM EST, 01/31/2025 (MT Newswires) -- Metsera (MTSR) shares rose sharply in their trading debut on Nasdag Friday after the company priced its initial public offering of almost 15.3 million shares at $18 per share. The stock was up about 45% at $26.10 in recent trading after opening at $25.50. The clinical-stage biotechnology company granted its underwriters a 30-day...
Copyright 2023-2025 - www.financetom.com All Rights Reserved