NewzIntel.com

Category: Energy

  • MIL-OSI USA: DOE Finalizes 2024 LNG Export Study, Paving Way for Stronger American Energy Exports

    Source: US Department of Energy

    WASHINGTON— The U.S. Department of Energy (DOE) today released its Response to Comments on the 2024 LNG Export Study, marking a critical step toward returning to regular order on liquefied natural gas (LNG) exports. With this action, DOE has completed the final hurdles left over from the Biden administration’s reckless pause on LNG export permits, paving the way for the Trump Administration to fully unleash American LNG exports.

    “President Trump was given a mandate to unleash American energy dominance, and that includes U.S. LNG exports,” U.S. Energy Secretary Chris Wright said. “The facts are clear: expanding America’s LNG exports is good for Americans and good for the world. Today, the Department of Energy is following the facts, closing the door on the Biden administration’s failed policies, and putting America’s energy future on stronger footing.”

    “The 2024 Study confirms what our nation always knew—LNG supports our economy, strengthens our allies, and enhances national security. Biden’s opposition defied reason and reality and hurt American progress. We are pleased to issue the Response to Comments on the 2024 LNG Export Study, which will allow DOE to close out this chapter and fully return to regular order on LNG exports,” said Tala Goudarzi, Principal Deputy Assistant Secretary of the Office of Fossil Energy and Carbon Management.

    The 2024 LNG Study was released at the end of the Biden administration in December 2024 and had a public comment period through March 20th of this year. Based on the record evidence from the 2024 LNG Export Study and the public comments received, DOE makes several key findings, including: the United States has a robust natural gas supply that is sufficient to meet growing levels of exports while minimizing impacts to domestic prices; growing LNG exports increases our gross domestic product and expands jobs while improving our trade balance; and increasing U.S. LNG exports enhances domestic and international global security with no discernable impact to global greenhouse gas emissions.  

    In sum, DOE concludes that the complete record from the 2024 LNG Export Study, inclusive of the Study, the comments received, and this Response to Comments, supports the proposition that exports of LNG from the United States are in the best interest of the American public.

    With the public comments to the 2024 LNG Export Study now addressed, DOE will proceed with issuing final orders on pending applications to export U.S.-sourced natural gas as LNG to non-free trade agreement countries. 

    A Notice of Availability of the Response to Comments will be published in the Federal Register in the coming days. In the meantime, the Response to Comments is available on DOE’s website here. 

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    MIL OSI USA News –

  • MIL-OSI USA: Energy Secretary Chris Wright Delivers Keynote Remarks on Completion of First B61-13 Production Unit at Pantex Plant

    Source: US Department of Energy

    AMARILLO— U.S. Secretary of Energy Chris Wright delivered keynote remarks today at the Department of Energy’s Pantex Plant in Amarillo, Texas, marking the completion of the first production unit of the B61-13 nuclear gravity bomb.

    The B61-13 is the latest modification to the B61 family of nuclear weapons and was completed nearly a year ahead of schedule and less than two years after the program was first announced, making it one of the most rapidly developed and fielded weapons since the Cold War. Under President Trump’s leadership, the Department is modernizing America’s nuclear stockpile to deliver peace through strength. The B61-13 builds on proven B61-12 production capabilities and incorporates modern safety, security, and accuracy features, with a yield tailored for hardened and large-area military targets. The B61-13 is one of seven warhead modernization programs NNSA is executing to ensure the long-term performance and credibility of the U.S. deterrent.

    Secretary Wright’s full remarks:

    It’s an honor to be here on this special day. Every time I hear our national anthem performed, I feel strong emotions. I feel first a sense of gratitude—gratitude for those that came before us and created this nation against all odds, that put their lives on the line and stuck to their principles, no matter what the pressure was. I also feel a sense of pride to be born in this country and to have the great luck to live as an American. The ideas of freedom, liberty, and justice for all—but freedom isn’t free. Freedom isn’t free.

    That national anthem was written over 200 years ago, the last time there were foreign troops on our soil. Most ideas or nations get taken over and they get snuffed out; they lose their way. We’re unique in history, and our nation has not. And that’s only because of the men and women in our country that have stood strong, both on the principles and with the might to defend our borders and to defend our ideals.

    And Pantex and the people of Amarillo have been central to that mission. And I’ll come back to that in a second.

    I bring regards from President Trump, who is incredibly committed to this mission of modernizing our nuclear stockpile as quickly and as efficiently—but as robustly and strongly—as we can.

    He got elected on really a simple principle: that prosperity at home and peace abroad are what America and the world needed. And those go together. A prosperous, strong America is the best way to guarantee peace abroad. A strong, principled America is central to world peace and to the lives of all of us—all our friends, all our families, and all our fellow Americans across the country.

    I have the incredible honor to be in this role. I’ve been an entrepreneur my whole life. The last time I had a boss, I was 19 years old. And then I met a new guy a little more than a year ago at dinner and a very candid dialogue about energy and about our country. And right away, he said, “You should be Secretary of Energy.”

    And then he came to me after the dinner and said, “Would you do it?” I said, if I’m asked to serve my country, there’s only one answer. I didn’t have to think about that one. I did look at my wife that night and she said, “Absolutely, we’re moving to DC. You know, I’m willing.”

    And my wife has been this lifelong partner for me, up for every adventure. So, I’ve been a very, very lucky guy.

    As an entrepreneur, I started a number of businesses, mostly around energy—technology and energy. That’s why I am an energy tech nerd. But I started—I named the last company Liberty Energy, two of my favorite words.

    We have 30-year life expectancy throughout all of human history. 20,000 years ago, before the invention of agriculture, and 200 years ago— there was 30 years of global life expectancy at birth. Today, it’s 73 years. Just a few generations back. Just an incredible transformation.

    What happened? There’s all sorts of history before 200 years ago. What happened? And to me, two fundamental things changed:

    The growth of bottom-up social organization—human liberty. Societies were top-down. Women were property of their husbands, of their fathers. Slavery was endemic across every major society throughout all of history. We didn’t start perfect in those ideals, but America started with a North Star—to bring liberty, not just to our country, to the world. That mission has been not complete, but remarkably, remarkably successful in making the lives we all have.

    And the partner in making that happen was energy. It was this explosion in available energy—from wood. Mostly wood, a little bit of wind, a little bit of water flowing. That’s what powered the world throughout all of human history. And then the arrival of coal and oil and natural gas. And then these derivative energy sources that are only possible because of coal, oil, and natural gas, like nuclear, large-scale hydro, wind, solar—everything else is really derivative of hydrocarbons.

    But those two things changed our world: liberty and energy.

    And I think President Trump realized that both of those were under some threat. We saw a growing movement in our country that maybe free speech and free interchange of ideas—maybe those were out of fashion. They didn’t fit with the world today.

    I think we saw—as we heard from the General earlier—we saw growing threats to our liberty around the world. To us, a rapidly rising China. It’s a huge, huge global threat we haven’t seen in our lifetimes. We’ve seen Russia’s activities and where Russia stands today. And, as we heard, the world has gotten more dangerous.

    We need very much today a strong America. We need a prosperous America to keep peace for our shores and peace abroad, to the extent we can achieve it.

    This community—the Pantex community and the broader Amarillo community—have been central to that for over 80 years. In World War II, much to our surprise with the bombing of Pearl Harbor. Within a few months, this facility was built and started quickly to build armaments to win the war. A war we fought in the Pacific. We fought in the Atlantic—by far the largest conflict in human history.

    You’re a ways away from any danger here from foreign enemies, but they’re there. This community rose up and cranked out armaments to allow our troops around the globe to win that war.

    In that war, we also had a very unique effort for science. That wartime mobilization meant creativity, meant patriotism, and a rushed effort—literally in two and a half years in Los Alamos—we developed nuclear weapons under the gun of both war and the knowledge that Nazi Germany also had a nuclear weapons program. Getting second wasn’t an option.

    But America rose to that challenge. And we developed nuclear weapons, which you learn in school are horrific and terrifying—and they are terrifying. I would say they’re not horrific. They and American strength and resolve have probably been the biggest bringers of peace in the world for 80 years, without any live conflict between major powers.

    There are plenty of wars around the world, and President Trump’s agenda is to bring as many of those conflicts as possible to an end. But your chance of dying from violent death in our generation—and our children’s generation—is the lowest it’s ever been.

    We have the news and we hear about all the conflicts around the world, but because of a strong America, because of an unbowed resolve, we have a much safer—not completely safe—but a much safer and more peaceful world that’s allowed ourselves, our children, our grandchildren to pursue wonderful, dreamy lives.

    But to maintain that, our biggest risk is complacency. That risk is there. And that risk has been mostly at bay because of the strength of our military and the commitment of American leadership, American citizens, and American resolve.

    Pantex is absolutely central to that.

    And there was a brief break from ’45 to ’51, where we won the war, but of course, the Cold War rose quickly. And we understood this feeling of security was very brief.

    The only way we could ensure security was to be the strongest, the most powerful, the most technologically advanced, and the most committed to our values of any nation on Earth.

    Pantex was reinvented as the final assembler, where all roads lead to our nuclear stockpile. This nuclear stockpile has had unbelievably positive effects—not just on the lives of Americans—but on the lives today of 8 billion people in the world that benefit from American strength and American security.

    But the backbone of that strength and security—the ultimate guarantor of the sovereignty of our nation—is our nuclear stockpile.

    You built that stockpile in the ’50s, ’60s, ’70s, and ’80s. Then we went into a more peaceful period. We disassembled some of those weapons—also done by you. We maintained that stockpile and those weapons throughout all that time period.

    And now, with age on those weapons and rising security risks around the world, we’re called to action to modernize multiple weapons systems in our stockpile. Who’s going to lead that effort? The people looking at me in the room right now, and your more than 4,000 other colleagues that are working hard right now to make our country safe and secure.

    I was honored—and a little bit emotional as well—to stamp that B61-13 today. That’s the cutting edge of this weapons stockpile. And amazingly—have you heard of anything today that’s done a year early? Anybody built a house or had a major project or done anything else—showed up to your contractors and they said, “good news is, we’re a year ahead of schedule?”

    I’m not sure I’ve ever heard that in my life. And I know this year in the broader program here, we’re 107% ahead of plan. That’s out of fashion the last few years—everything’s late, over budget, and delayed. But not here. Not in this community. Not in this complex.

    So, I end with a thanks— a thanks from me personally. I’m so proud to be on your team now. I’m here for the count. They’ll take me out in a few years, but I’m pretty motivated to be here and to be in this role.

    A thanks from President Trump. We got him to bring back common sense, strength in America. Resolve in America. We can do big things—and we can do them on time and on budget—because we are responsible to spend the taxpayer money of 340 million Americans.

    Your delivery—early, on budget—and the whole modernization program so far ahead of schedule, a huge warm thank you from President Trump.

    And I’ll end with a thank you for the American people—all the American people. They go to sleep more secure at night, not worried about foreign invaders. They’ve got worries, indeed, but it’s a luxury to worry about other things.

    If you’re worried about your physical security—of you and your kids—nothing else matters. Well, because of your tireless efforts here for generations, you give all Americans a feeling of security. I’ve got things to worry about, but my foreign enemies aren’t one of them.

    God bless you all. Thank you for your tremendous work. I’m proud to be your partner.

    MIL OSI USA News –

  • MIL-OSI USA: PRESS RELEASE: Rep. Barragán Sounds Alarm in Marathon Energy and Commerce Committee Markup Over Republican Plans to Take Health Care Away from Millions of Americans

    Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

    FOR IMMEDIATE RELEASE
    May 17, 2025

    Contact: Jin.Choi@mail.house.gov

    Rep. Barragán Sounds Alarm in Marathon Energy and Commerce Committee Markup Over Republican Plans to Take Health Care Away from Millions of Americans 

    Washington, D.C. – After a 26-hour markup this week, House Republicans on the Energy and Commerce Committee advanced their piece of Donald Trump’s budget reconciliation plan — with no Democratic votes. The bill slashes $715 billion from Medicaid and other critical health care programs — combined with the provisions passed by the Ways & Means Committee this week and a proposed regulation from the Trump Administration, 13.7 million Americans now stand to lose their health care.  

    “This bill is nothing short of an assault on the health care of working families, children, seniors, and people with disabilities,” said Rep. Barragán. “The Republican reconciliation bill, along with the actions of the Trump Administration and Republicans’ failure to extend the Affordable Care Act subsidies, will cause almost 14 million people to lose their health care. Republicans forced us to debate this bill in the dead of night, when they knew most Americans would not see their attempt to take health care away from millions of people. House Democrats will continue to fight this bill and make sure all Americans know that these painful cuts to essential services and programs are so that Republicans can give even larger tax breaks to their billionaire donors.”

    Throughout the marathon markup, Rep. Barragán and Democratic Committee Members introduced amendments to reverse, blunt, or improve upon the harms of the bill, which Republicans, as a whole, rejected. This bill will now be combined with the Republican reconciliation bills that have passed out of other House committees for full House consideration.

    The approved bill text includes harmful provisions that will: 

    • Make it harder for people to enroll and keep their health coverage:
      • Burdensome new paperwork for Medicaid enrollees, designed to reduce access — not improve care.
      • Barriers to enrolling and renewing coverage for people on Medicaid and the Children’s Health Insurance Program (CHIP).
      • Shortened enrollment period for Affordable Care Act (ACA) marketplace coverage, reducing time to sign up.
    • Make it more expensive to access care:
      • New copays for Medicaid recipients.
      • New fees and documentation requirements for people seeking ACA subsidies.
      • Barriers to programs that help low-income seniors on both Medicare and Medicaid afford health care.
    • Decrease access to high-quality, affordable care for hospitals, community health centers, nursing homes, and at-home services:
      • Delays implementation of nursing home minimum staffing standards, putting elderly residents at risk.
      • Restricts states’ use of provider taxes, which support payments to health care providers and expansion of covered services.  
      • Cuts federal Medicaid support for states that use their own funds to cover undocumented immigrants.

    Beyond health care, the bill also includes sweeping attacks on environmental protections, clean energy investments, and telecommunications infrastructure:

    • Guts clean energy and environmental investments — including pollution reduction programs in schools and low-income communities.
    • Lets fossil fuel companies pay to bypass safeguards, including a $1 million fee to fast-track LNG exports and $10 million to expedite pipeline permitting.
    • Raises $88 billion through a spectrum auction and diverts those funds to tax cuts for billionaires, rather than investments in internet affordability and NextGen 911.

    The legislation now moves to the House floor, where it will be considered as part of the broader Republican budget reconciliation package.

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: PRESS RELEASE: Rep. Barragán Brings Guest from New Jersey Republican Congressman’s District to Demand Republicans Vote Against Cuts to Medicaid

    Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

    FOR IMMEDIATE RELEASE
    May 13, 2025

    Contact: Jin.Choi@mail.house.gov

    Rep. Barragán Brings Guest from New Jersey Republican Congressman’s District to Demand Republicans Vote Against Cuts to Medicaid

    Washington D.C. — Today, Congresswoman Nanette Barragán (CA-44) brought a guest from Republican Congressman Tom Kean’s (R-NJ-07) district to speak out against the cruel Republican cuts to Medicaid in the House Energy and Commerce (E&C) Committee’s mark-up on their portion of the partisan reconciliation bill. In her opening remarks, Congresswoman Barragán shared the story of Sasha, a young constituent from Rep. Kean’s district, who was born with cerebral palsy. Since birth, Sasha has experienced grand mal seizures and is a survivor of a perinatal stroke. Medicaid has helped Sasha access the care and support services she needs to survive — and thrive as a college student and Special Olympics athlete. Congresswoman Barragán shared Sasha’s story with Rep. Kean and asked him to oppose the Republicans’ proposed reconciliation bill that has at least $715 billion in cuts to Medicaid and health care. Rep. Kean, who also sits on the Energy and Commerce Committee, has over 70,000 constituents in his district who currently rely on Medicaid, like Sasha.

    During today’s E&C mark-up session, House Democrats will offer amendments to the House Republicans’ budget to protect Medicaid and highlight the harm of the Republican cuts. If Republicans refuse to support these amendments, their cuts to Medicaid and healthcare of at least $715 billion— the largest proposed cut to Medicaid in U.S. history — would kick at least 13.7 million Americans off their health insurance. 

    “House Republicans have the opportunity to make things right — so that the millions of Americans like Sasha who depend on Medicaid can continue to have access to the basic right of healthcare,” said Rep. Barragán. “Sasha, and the millions of Americans who see Medicaid as a lifeline, are real human beings whose lives will be devastated by these cuts, not just numbers on a page. House Democrats are committed to doing what House Republicans seem too afraid to do — listening to the stories of their constituents and amplifying them so that we can defeat these dangerous Medicaid cuts.” 

    “Thanks to Medicaid, I have been able to live an active and full life, going to college and even competing as a Special Olympics athlete. I’m speaking out because no one should have to fight this hard just to get the care they need to live. I ask that our Members of Congress remember that Medicaid provides essential support for millions of Americans across the country, and to please stand against any cuts to the program,” said Sasha, guest and constituent from Rep. Kean’s district.

    To see Sasha’s original story submission, see here. 

    To tune into the livestream of the mark-up, click here. 

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    MIL OSI USA News –

  • MIL-OSI USA: New AJC Op-Ed: 42,000 New Jobs in Georgia Could Vanish if GOP Tax Bill Passes Warns Warnock

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    New AJC Op-Ed: 42,000 New Jobs in Georgia Could Vanish if GOP Tax Bill Passes Warns Warnock

    Read the op-ed HERE

    Senator Reverend Warnock penned an op-ed in the Atlanta Journal-Constitution (AJC) outlining how Georgia risks losing up to 42,000 good-paying jobs if Washington Republicans repeal the Inflation Reduction Act’s (IRA) Clean Energy Tax Credits

    These endangered clean energy tax credits support 51 clean energy projects worth over $28 billion, largely outside metro Atlanta

    Senator Reverend Warnock in the AJC: “If the President and Congressional Republicans were serious about bringing American manufacturing back to the United States, as I am, they would protect these tax credits”

    Senator Reverend Warnock in the AJC: “Politics has a way of trying to make easy stuff, complicated. I’ll tell you what’s not complicated – 51 new projects worth $28 billion all across our state and up to 42,000 new jobs”

    Washington, D.C. – U.S. Senator Reverend Raphael Warnock (D-GA) penned an op-ed in the Atlanta Journal-Constitution (AJC) warning that 42,000 good-paying Georgia jobs could be at risk if Congress passes the GOP tax bill, which repeals the Inflation Reduction Act’s (IRA) Clean Energy Tax Credits. The Senator called on his House GOP colleagues to protect good-paying Georgia jobs. 

    “If Washington Republicans move forward with a GOP tax bill that repeals these clean energy tax credits, it’s their districts that will lose jobs and private investments: three out of four clean energy projects that were announced or boosted following the passage of these tax credits have gone to House districts held by Republicans. This is especially true in Georgia: 80% of the projects, 94% of the total investments, and 75% of the proposed new jobs and investments are in Congressional districts represented by Republicans,” warned Senator Reverend Warnock. “By repealing clean energy tax credits to give a tax cut to the wealthy and well-connected, Washington Republicans could cause Georgia to lose up to 42,000 jobs in communities desperate for new jobs and investments. If the President and Congressional Republicans were serious about bringing American manufacturing back to the United States, as I am, they would protect these tax credits.”

    The op-ed follows the release of the Senator’s comprehensive report that found Georgia risks losing up to 42,000 good-paying jobs if Washington Republicans repeal the clean energy tax credits. Since the tax credit’s passage, clean energy jobs and investments exploded across the country, but nowhere was that growth more potent than in Georgia. In less than three years, 51 new projects in Georgia worth over $28 billion have been announced or boosted by the clean energy tax credits. According to the Senator’s report, in Georgia, nearly all the new investments and new jobs are in counties outside of the Atlanta region. Over 70 percent of the new investments and 83 percent of new jobs are in counties with median family incomes below the national median. More than 95 percent of the new jobs and investments are in counties where the percentage of people with a bachelor’s degree is below the national average.

    The full op-ed is available HERE and below. 

    This week, Washington politicians are voting on partisan legislation to cut taxes for billionaires by repealing clean energy tax credits that are creating tens of thousands of manufacturing jobs and are bringing billions of investments to communities across Georgia. It’s up to us to speak out and keep these good-paying, advanced manufacturing jobs coming to communities that are too often overlooked.

    The sad truth is cynical politicians want to repeal these tax credits because they were passed by a Democratic Congress and signed into law by a Democratic president. They’re so focused on the politics that they’re willing to take good-paying jobs, which often don’t require a college degree, away from their constituents. If we set politics aside and center what’s best for ordinary people, there’s no doubt everyone would come together to protect these tax credits and thousands of Georgia jobs.

    During my first term in the Senate, I was proud to champion these clean energy tax credits, which were passed as part of landmark climate legislation in August 2022. Since then, clean energy investment has exploded across Georgia. In less than three years, businesses have announced or advanced 51 new projects worth over $28 billion in our state. In fact, Georgia has benefited from these clean industry tax credits more than any other state. New projects are expected to add nearly 42,000 jobs across all corners of Georgia. More than 95% of these new jobs are outside metro Atlanta, and these projects overwhelmingly benefit places where folks are less likely to have a college degree and don’t earn as much as the average American. 

    This month, I laid out the benefits of these tax credits in a report that outlines Georgia’s Clean Energy Boom. In an era defined by gridlock, Democrats and Republicans across the state agree: these clean energy manufacturing jobs are good for Georgians and their families.

    Congresswoman Marjorie Taylor Greene said solar panel manufacturer Qcells, which will invest over $2.5 billion in projects across Georgia, partially thanks to these tax credits, is “fantastic” and claims her constituents are “excited to have jobs”. Congressman Barry Loudermilk, whose congressional district is home to a future Qcells facility, praised the company’s solar panel production as a “win for our state” and a “great source of jobs”.

    Congressman Buddy Carter has noted that “countless American companies” have used the tax credits to make “major investments” in clean energy. His constituents alone stand to benefit from 11 new clean energy projects representing nearly $7.9 billion in investments and 7,400 new jobs announced after these tax credits were signed into law. The congressman has supported preserving these private sector investments, which he said, “increase domestic manufacturing, promote energy innovation, and keep utility costs down.”

    If Washington Republicans move forward with a GOP tax bill that repeals these clean energy tax credits, it’s their districts that will lose jobs and private investments: three out of four clean energy projects that were announced or boosted following the passage of these tax credits have gone to House districts held by Republicans. This is especially true in Georgia: 80% of the projects, 94% of the total investments, and 75% of the proposed new jobs and investments are in Congressional districts represented by Republicans.

    By repealing clean energy tax credits to give a tax cut to the wealthy and well-connected, Washington Republicans could cause Georgia to lose up to 42,000 jobs in communities desperate for new jobs and investments. If the President and Congressional Republicans were serious about bringing American manufacturing back to the United States, as I am, they would protect these tax credits.

    Politics has a way of trying to make easy stuff, complicated. I’ll tell you what’s not complicated – 51 new projects worth $28 billion all across our state and up to 42,000 new jobs. Georgians are smart enough to know who is actually looking out for them. Now, it’s up to Georgians to ask their Congressional representatives: when the GOP tax bill comes up for a vote, are you going to protect good-paying Georgia jobs?

    MIL OSI USA News –

  • MIL-OSI USA: Since Governor Newsom took office, California’s battery storage has increased 1,944% – and just achieved a major milestone

    Source: US State of California 2

    May 19, 2025

    What you need to know: California’s battery storage capacity now exceeds 15,700 megawatts, an unprecedented milestone that reflects the Newsom administration’s continued leadership in building the grid of the future.

    SACRAMENTO — California continues to rapidly expand its energy storage statewide, adding 2,300 megawatts (MW) since last September for a total of 15,763 MW of battery storage capacity, according to new data released today. This reflects a 1,944% increase since the start of the Newsom Administration – up from 770 MW in 2019. 

    Energy storage – particularly battery storage – has become a key resource in the state’s energy transformation. Battery systems capture power produced by wind and solar resources and discharge the energy back to the electric grid during times of peak demand – creating a safer and more reliable power grid.

    California is adding battery storage at a pace never seen before as we continue our work to build the grid of the future. The key to a cleaner, more reliable power grid is batteries – and no other jurisdiction on the planet, save China, comes even close to our rapid deployment.

    Governor Gavin Newsom

    On a smaller scale, tens of thousands of residential and commercial battery systems provide backup power and flexibility to homes, schools and businesses. They make up about 2,500 MW of total storage statewide, or about 16% of the battery storage total.

    The state projects that more than 48,000 MW of battery storage and 4,000 MW of long duration storage will be needed by 2045. Long duration energy storage systems are especially important, as they can provide up to 10 hours of power–more than double the four hours of power provided by traditional battery storage technology. 

    As California builds out the grid of the future, it is focusing efforts on proactively addressing safety for utility-scale battery storage systems through comprehensive state level collaborations and regulatory updates. Building battery storage is a critical part of the Governor’s build more, faster agenda delivering infrastructure upgrades and creating thousands of jobs across the state. 

    Governor Gavin Newsom recently convened a state-level collaborative to find opportunities to improve safety as the technology continues to evolve. Last month, the California Public Utilities Commission implemented new safety standards for battery storage facilities. Other key initiatives include an update to the California Fire Code happening this year, expected to include enhanced BESS safety standards. 

    California’s climate leadership

    Pollution is down and the economy is up. Greenhouse gas emissions in California are down 20% since 2000 – even as the state’s GDP increased 78% in that same time period.

    The state continues to set clean energy records. Last year, California ran on 100% clean electricity for the equivalent of 51 days – with the grid running on 100% clean energy for some period three out of every five days. 

    Press releases, Recent news

    Recent news

    May 16, 2025

    News What you need to know: The state is investing almost $1.7 billion for improvements to California’s highway system, including $86.5 million for improvements to infrastructure damaged during the Los Angeles firestorms earlier this year. SACRAMENTO – Governor Gavin…

    May 16, 2025

    News SACRAMENTO – Governor Gavin Newsom kicked off #WorldTradeMonth with a round of key international interviews with journalists from major broadcast networks in Canada, Japan, Mexico, South Korea, and the United Kingdom. In the interviews, Governor Newsom addressed…

    May 15, 2025

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 2025 as “Small Business Month.”The text of the proclamation and a copy can be found below: PROCLAMATIONCalifornia’s more than 4.2 million small businesses – the most of any…

    MIL OSI USA News –

  • MIL-OSI Economics: WTO members discuss duty-free electronic transmissions, hear views from private sector

    Source: WTO

    Headline: WTO members discuss duty-free electronic transmissions, hear views from private sector

    Four private sector representatives from Africa, the Caribbean, Europe and Latin America underlined the importance of maintaining the moratorium during the workshop, which was convened by the facilitator following requests from several delegations.
    The private sector speakers were Andy Berahazar and Kristoff Pragg of Coded Arts, an animation firm in Trinidad and Tobago; Pinaman Owusu-Banahene of ADJOAA, an online marketplace for African fashion designers; Pascal Kerneis of the European Services Forum; and Sofía Pérez Gasque Muslera of the Mexican Association of the Information Technology Industry, which represents a network of technology companies.
    During the 13th WTO Ministerial Conference (MC13), held in Abu Dhabi in early 2024, members had agreed to maintain the current practice of not imposing customs duties on electronic transmissions until MC14 or 31 March 2026, whichever is earlier. The private sector speakers suggested that allowing the moratorium to lapse would destabilize the digital trade environment and disproportionately impact small enterprises by raising costs. 
    Martine Julsaint of UNCTAD gave an overview of its recent report, “Indirect taxation of e‑commerce and digital trade: Implications for developing countries.” The report focuses on the taxation challenges in digital trade, policy gaps, and revenue mobilization strategies.
    Members then had the opportunity in a dedicated session of the workshop to discuss the reasons underlying their positions on the moratorium. Ambassador Matthew Wilson of Barbados, coordinator of the African, Caribbean and Pacific (ACP) Group; Saut Mulia, Finance Attaché of the Indonesian Embassy in Brussels; and Maha Gabbani from the Mission of Saudi Arabia to the WTO provided presentations to kickstart members’ discussions. This was followed by a discussion among all members.
    Further details can be found on the event webpage.
    Concluding the meeting, the facilitator said the discussion will help members consider how to move forward on the issue in preparation for MC14. The facilitator said he will hold bilateral consultations and convene a mid-year stocktaking meeting.
    “I encourage delegations to further reflect on what they have heard today and on possible next steps, both on the moratorium, including its scope and coverage, and on the Work Programme more broadly,” Ambassador Brown said.

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    MIL OSI Economics –

  • MIL-OSI USA: Republican Budget Bill Threatens Health Coverage

    Source: US State of New York

    overnor Kathy Hochul today updated New Yorkers on the harmful effects of several healthcare provisions already passed from the House Ways & Means and Energy & Commerce committees for the Republican budget reconciliation bill. These provisions collectively amount to an annual loss of nearly $13.5 billion for New Yorkers and our healthcare sector, jeopardizing healthcare access for millions of New Yorkers while imperiling the state’s hospitals and other healthcare providers.

    “House Republicans are unrelenting in their pursuit to slash critical safety net programs like Medicaid that millions of New Yorkers rely on,” Governor Hochul said. “I’ll say it again, no one State can backfill these massive cuts – our Republican congressional members must speak out and push back to protect New Yorkers, now.”

    The provisions as currently written will lead to substantial changes in how the critical public insurance programs Medicaid and the Essential Plan are funded and administered across the state. According to the text of the bill language as passed by Ways & Means, more than half (50%) of Essential Plan funding — more than $7.5 billion — would be slashed, threatening the future of the program, and causing hundreds of thousands of New Yorkers to lose coverage. That same Ways & Means text would shift almost $3 billion of costs to the State, and result in billions of dollars in cuts to the State’s healthcare providers.

    In addition to the devastating financial losses to the Essential Plan, the text of the bill language as passed by Energy & Commerce requires states to impose stricter work reporting requirements and onerous verification processes for Medicaid, both of which will significantly increase the administrative burden of the program, thus making coverage more difficult to access. All told, the Republican bill would cause nearly 1.5 million New Yorkers to lose coverage and become uninsured. The Republican bill would also eliminate critical funding mechanisms long used to support our healthcare providers, place enormous strain on the health care system and trigger widespread impacts across local economies. The state anticipates an additional fiscal impact of more than $3 billion due to the Energy & Commerce language, including approximately $500 million in new administrative costs alone.

    View a congressional district-by-district breakdown on anticipated funding losses here.

    New York State Health Commissioner Dr. James McDonald said, “The proposed changes to federal health care funding would have serious consequences for New York State. Losing coverage for nearly 1.5 million New Yorkers would lead to significantly worse health outcomes for New Yorkers and would put immense strain on our health care system. We remain committed to working with all levels of government to protect access to quality, affordable care for all New Yorkers.”

    Senate Minority Leader Charles Schumer said, ““This is as cruel and heartless as it gets. Trump and House Republicans want to kick 1.5 million New Yorkers off their health insurance and rip away $13.5 billion from NY’s hospitals and healthcare economy so they can have bigger tax breaks for billionaires & corporations. NY House Republicans promised for months they would protect Medicaid, but now New Yorkers know the truth: they never intended to keep that promise, and this confirms it. This isn’t targeting waste and fraud, this is a rushed plan to bankroll Trump’s tax breaks for the ultra-rich paid for by ripping away healthcare for New Yorkers. Hospitals and nursing homes will shutter, premiums will go up, families will suffer, and health care workers will lose their jobs. NY House Republicans need to stand up to Trump and stand up for New York, and stop the largest cut to healthcare in American history.”

    Senator Kirsten Gillibrand said, “This proposal would be catastrophic for the millions of Americans who rely on Medicaid. Republicans should be focused on bringing down the cost of essentials; instead, they are making health care harder to access and more expensive. They have proposed work requirements for Medicaid that ignore the fact that most Medicaid recipients already work, and would cost New York State an estimated $500 million to administer and enforce – all for minimal cost savings. The Republican bill puts kids at risk of losing health care through Medicaid and CHIP and puts the future of our state’s many rural hospitals in jeopardy. This is an unacceptable piece of legislation, and I will be doing everything in my power to stop it from passing.”

    House Democratic Leader Hakeem Jeffries said, “Across our great state, millions rely on Medicaid for life-saving and life-sustaining healthcare coverage. Under the Republican plan, 1.5 million New Yorkers would lose their insurance, including over 60,000 residents of the Eighth Congressional District, as part of a toxic scheme to enact massive tax cuts for billionaires like Elon Musk. Nursing homes will close, hospitals will shut down and Community Health Centers will lose funding. It is time for House Republicans in New York to come up with the courage to stand up for their constituents and join with Democrats to prevent this devastating attack on the healthcare that New Yorkers depend on to survive.”

    Representative Jerrold Nadler said, “The House Republicans’ dangerous budget reconciliation bill would rip health care away from nearly 14 million Americans, including 1.5 million New Yorkers. Let’s be clear: this is an attack on the health care millions of families rely on, and it has nothing to do with fighting fraud, waste, or abuse. These cuts would fall hardest on children, women, seniors, and people with disabilities. It’s a shameful assault on the most vulnerable in our society, all to bankroll tax cuts for the ultra-wealthy. Every member of New York’s Congressional Delegation has a moral obligation to vote no on this devastating bill. To do anything less would be a callous betrayal of the New York families we represent.”

    Representative Nydia Velázquez said, “This is a calculated, partisan attack on New York by extremist Republicans who would rather dismantle public healthcare than ask billionaires to pay their fair share. Gutting the Essential Plan and subtracting $13.5 billion from the New York State economy is not sound policy; it is an assault on immigrants, workers, and underserved communities. These cuts will devastate safety net hospitals, strip coverage from over a million people, and punish states that remain committed to upholding their moral responsibility to provide care for all.”

    Representative Yvette D. Clarke said, “My Republican colleagues are so determined to gift tax breaks to their billionaire donors that they’ll strip healthcare from millions of Americans just to fund them. Let’s be clear: New Yorkers will lose their lives from the proposed cuts to Medicaid and other critical safety nets. Families won’t be able to afford to put food on the table, much less access the care they depend on to survive. For the safety and health of our communities and those across the nation, Congress has a moral responsibility to draw a line in the sand and not allow these cruel cuts to pass.”

    Representative Paul Tonko said, “I spent last week in Congress stating in the strongest possible terms my opposition to the Republicans’ budget betrayal and sharing the personal, devastating impacts these cuts would have on the communities and constituents I represent. New York State stands to lose billions of dollars in cuts to Medicaid from the reduced federal match, the provider tax provisions and more senseless provisions in this cruel package. Too many lives are at stake: I will continue to fight against this heartless budget with everything I’ve got.”

    Representative Grace Meng said, “As it stands, the GOP budget would threaten health care for hundreds of thousands of Queens residents in my district and the health care providers throughout New York that serve them. My Queens district has hundreds of thousands of Medicaid enrollees, many of which are children and seniors. Drastic cuts in federal funding will leave untold numbers without care and make it increasingly burdensome for local hospitals and community health centers to provide vital services. Health care is a basic need and the budgetary cuts the GOP is attempting to make will decimate our health care system in Queens and beyond.”

    Representative Adriano Espaillat said, “House Republicans remind us daily where their loyalties lie, even if it means supporting Donald Trump’s budget cuts that put millions of Americans at risk of becoming uninsured and hospitals in peril of losing critical funding to care for patients around the nation. The GOP’s attack on Medicaid harms more than 500,000 Medicaid recipients in my district, and I am doing all that it takes to combat these reckless policies that threaten our communities and health care throughout our state.”

    Representative Joe Morelle said, “President Trump’s plan to slash funding for Medicaid and the Essential Plan would take health care coverage away from thousands of Rochester residents, including vulnerable children and retirees. These reckless cuts would overwhelm emergency rooms with uncompensated care and devastate both our health care system and local economy. We cannot let this happen—I will continue fighting in Congress to protect these lifesaving programs.”

    Representative Dan Goldman said, “The Trump/Republican budget bill puts billionaires first and working-class Americans last. Every New York Republican in the House has voted to support the framework of a Republican budget that would strip away health care from nearly 14 million people, cut taxes for billionaires and raise taxes on working-class Americans, gut food benefits for the poor, maintain the Trump SALT cap, cancel clean energy projects, and increase the deficit by trillions of dollars. This bill is a betrayal of GOP campaign promises and the promise that the American Dream is accessible to everyone. New York Republicans must be held accountable for turning their backs on their own constituents.”

    Representative Tom Suozzi said, “The Reconciliation Budget bill will hit NY hospitals and nursing homes hard, while cutting health insurance for millions of Americans. These cuts will happen while giving unnecessary tax cuts to the wealthiest among us while adding $4 trillion to the deficit. I will keep up the fight for the health care New Yorkers deserve.”

    Representative Timothy M. Kennedy said, “Despite months of insisting they would not cut Medicaid, House Republicans are showing their true colors, eliminating critical social safety nets in order to force through a budget-busting tax break for billionaires. As families struggle to make ends meet, the House Republicans’ spending bill shows where their true priorities lie: helping the ultra-rich over their working-class constituents. Western New Yorkers cannot afford this anti-working family agenda.”

    Representative George Latimer said, “Everyday Americans will suffer if the Republicans’ budget becomes law. 196,000 people in my district will have their healthcare taken away – from children to seniors, and the disabled. I’m sure the state and hospitals will step in the best they can, but care will be much more expensive if these Medicaid cuts go into effect. For what? Tax breaks for billionaires. It’s unconscionable.”

    Representative Josh Riley said, “The House Republicans’ dangerous budget reconciliation bill would rip health care away from nearly 14 million Americans, including 1.5 million New Yorkers. Let’s be clear: this is an attack on the health care millions of families rely on, and it has nothing to do with fighting fraud, waste, or abuse. These cuts would fall hardest on children, women, seniors, and people with disabilities. It’s a shameful assault on the most vulnerable in our society, all to bankroll tax cuts for the ultra-wealthy. Every member of New York’s Congressional Delegation has a moral obligation to vote no on this devastating bill. To do anything less would be a callous betrayal of the New York families we represent.”

    Senate Majority Leader Andrea Stewart-Cousins said, “While House Republicans in Washington are advancing a budget that would devastate New York’s health care system—stripping coverage from 1.2 million New Yorkers and costing our state more than $11 billion annually—we are doing the opposite. In our state budget, we’ve expanded mental health services, restored funding to distressed hospitals, and invested in reproductive and primary care access. We are protecting people, not cutting them off. This federal proposal is not just reckless—it’s cruel. Every New Yorker should contact their member of Congress and demand they reject this dangerous plan. We can’t stand by while Washington plays politics with people’s lives.”

    Assembly Speaker Carl Heastie said, “This decision will devastate New Yorkers seeking healthcare and providers all across our state. It’s time for the Republican members of New York’s congressional delegation to stand up and stand against this decision that will harm their constituents directly.”

    Greater New York Hospital Association President Ken Raske said, “These proposals will strip health coverage from millions of hardworking individuals, drive up uncompensated care costs for financially struggling hospitals, and shift unsustainable costs to New York State. The Ways and Means Committee’s immigration coverage provision alone could cost our hospitals $1.3 billion per year from uncompensated care increases and lower reimbursement levels. This will harm all patients, not just those with Medicaid coverage. These proposals will wreck New York’s hospital system.”

    Hospital Association of New York State President Bea Grause said, “The House budget reconciliation bill threatens to shatter New York’s already fragile healthcare system. This perfect storm of a bill threatens our patients’ access to care, the jobs our healthcare system supports and the economies of our local communities. Washington should be advancing bills that ensure our hospitals, nursing homes and other providers are there when New Yorkers need them. This bill does the opposite. HANYS calls on every member of the New York Congressional delegation to vote no on this bill.”

    MIL OSI USA News –

  • MIL-OSI USA: Reconciliation Recommendations of the House Committee on Natural Resources

    Source: US Congressional Budget Office

    Legislation Summary

    H. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2025, instructed the House Committee on Natural Resources to recommend legislative changes that would decrease deficits by not less than a specified amount over the 2025-2034 period. As part of the reconciliation process, the House Committee on Natural Resources approved legislation on May 6, 2025, with provisions that would decrease deficits.

    Estimated Federal Cost

    In CBO’s estimation, the reconciliation recommendations of the House Committee on Natural Resources would, on net, decrease deficits by $20.2 billionover the 2025-2034 period. The estimated budgetary effects of the legislation are shown in Table 1. The costs of the legislation fall within budget functions 300 (natural resources and environment) and 950 (undistributed offsetting receipts).

    Return to Reference

    Table 1.

    Estimated Budgetary Effects of Reconciliation Recommendations Title VIII, House Committee on Natural Resources, as Ordered Reported on May 6, 2025
     

    By Fiscal Year, Millions of Dollars

    		    
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034
     

    Increases or Decreases (-) in Direct Spending

    		    

    Budget Authority

    2,018

    -575

    -835

    -1,722

    -1,748

    -2,437

    -2,698

    -3,146

    -3,835

    -4,355

    -2,862

    -19,333

    Estimated Outlays

    -122

    -521

    -659

    -1,523

    -1,504

    -2,224

    -2,254

    -2,693

    -3,377

    -4,096

    -4,329

    -18,973
     

    Increases in Revenues

    		    

    Estimated Revenues

    0

    65

    130

    130

    135

    140

    140

    145

    150

    150

    460

    1,185
     

    Net Decrease in the Deficit

    From Changes in Direct Spending and Revenues

    		    

    Effect on the Deficit

    -122

    -586

    -789

    -1,653

    -1,639

    -2,364

    -2,394

    -2,838

    -3,527

    -4,246

    -4,789

    -20,158

    Basis of Estimate

    For this estimate, CBO assumes that the legislation will be enacted in summer 2025. CBO’s estimates are relative to its January 2025 baseline and cover the period from 2025 through 2034. Outlays of directly appropriated amounts were estimated using historical obligation and spending rates for similar programs.

    CBO expects that the share of bonus bids, rents, and royalties from onshore oil, gas, coal, and renewable-energy production paid to states and counties would be subject to sequestration under the Budget Control Act of 2011. CBO estimates that a portion of those payments would be sequestered in each year, starting in 2027 and ending in 2032. However, in every subsequent year, starting in 2028 and ending in 2033, those amounts would be restored, resulting in a net zero budgetary effect over the 2025‑2034 period. CBO includes those effects in its estimates for sections 80101, 80111, 80121, 80122, 80141, 80144, 80181, 80301, 80303, 80304, and 80305.

    Direct Spending

    CBO estimates that enacting the legislation would decrease direct spending outlays by $19.0 billion over the 2025-2034 period (see Table 2).

    Subtitle A. Energy and Mineral Resources

    Subtitle A would require new lease sales on federal land for onshore and offshore oil and gas, coal, and renewable energy and would change permitting processes. CBO estimates that enacting the subtitle would decrease direct spending by $19.7 billion over the 2025-2034 period.

    Federally owned energy resources are developed under a leasing system that requires companies to bid on tracts of land. Winning bidders remit payments called bonus bids when leases are issued; pay annual rent on nonproducing leases; and pay royalties on the value of any oil, gas, coal, or electricity produced from the leased land. Those payments are recorded in the budget as offsetting receipts—that is, as reductions in direct spending. Unless otherwise noted, those fees are deposited in the Treasury.

    Part I. Oil and Gas

    Sections 80101 through 80105 would increase the minimum number of oil and gas lease sales required each year, reinstate noncompetitive oil and gas lease sales, establish permitting by rule for oil and gas drilling, expand the practice of commingling oil and gas production, and reduce royalty rates for new onshore oil and gas leases from 16.67 percent to 12.5 percent. Those sections interact and CBO has shown the estimates of their combined budgetary effects under section 80101.

    Onshore Oil and Gas Leasing Sales. Section 80101 would require the Bureau of Land Management (BLM) to conduct at least four onshore oil and gas lease sales each year in specified states where land is available for oil and gas development under the Mineral Leasing Act. Under current law, the Department of the Interior (DOI) has discretion to postpone or cancel oil and gas lease sales; the section would require BLM to conduct a replacement sale if a sale is canceled. CBO estimates that the resulting number of onshore oil and gas leases would increase by 1,300 annually, on average, over the 2025-2034 period.

    CBO estimates that the interactive effects of enacting this section and sections 80102 through 80105, discussed below, would increase offsetting receipts from bonus bids, rents, and royalties by $12.8 billion, on net, over the 2026-2034 period, after adjusting for the effects of sequestration.

    Noncompetitive Leasing. Section 80102 would reinstate BLM’s authority, rescinded by the 2022 reconciliation act, to award federal land for oil and gas development in noncompetitive leases if no successful bids are made in a competitive sale. Using data from the agency, CBO estimates that enacting the section would increase onshore oil and gas leasing by 150 to 180 leases each year, thus increasing oil and gas production and related collections of royalties over the 2025‑2034 period. This provision interacts with other sections and CBO has shown the estimated budgetary effects under section 80101.

    Permit Fees. Section 80103 would direct DOI to approve applications that allow operators to commingle onshore oil and gas production from multiple sources within a single well. Operators would be required to pay a $10,000 fee and install volume-measuring equipment to ensure appropriate oil and gas allocation and royalty payments. BLM currently allows onshore operators to commingle production under certain conditions; enacting this provision would expand that practice.

    Information from industry sources and BLM indicates that commingling can produce larger yields over shorter periods than is likely with permitting and drilling separate wells. CBO estimates that under this provision DOI would approve an average of 1,000 applications annually over the 2025‑2034 period; thus, royalty collections would increase relative to current law.

    Within two years of enactment, section 80103 also would require DOI to establish a permit-by-rule program. Under the program, leaseholders would purchase permits (at a cost of $5,000) allowing them to notify a permitting authority of their compliance with certain rules. That process would shorten the time to begin oil and gas development.

    Using information from industry sources and BLM, CBO estimates that under this provision, DOI would receive more than 3,000 applications annually over the 2025-2034 period. We expect that oil and gas production would accelerate by about 200 days, on average, increasing royalty payments relative to current law. CBO further expects that under section 80103, future leased parcels would become more valuable, increasing future bonus bids for onshore leases. This provision interacts with other sections and CBO has shown the estimated budgetary effects under section 80101.

    Permitting Fee for Non-Federal Land. Section 80104 would prohibit DOI from requiring permits to drill for oil and gas leases under certain conditions, including drilling in places where the federal government owns less than 50 percent of the minerals or does not own the surface of the drilling area. Operators would be required to pay a $5,000 fee for each lease. Using information from the agency, CBO estimates that fewer than 200 such cases would occur each year over the 2025-2034 period. CBO estimates that oil and gas production would accelerate by about a year in those cases, increasing royalties paid to the federal government. This provision interacts with other sections and CBO has shown the estimated budgetary effects under section 80101.

    Reinstate Reasonable Royalty Rates. Section 80105 would reinstate a royalty rate of 12.5 percent for new onshore oil and gas leases. The 2022 reconciliation act set the royalty rate at 16.67 percent. (The legislation would not affect the royalty rate for outstanding leases.) CBO expects that one effect of lowering the rate would be to reduce royalty receipts from new lease sales that CBO projects would occur under current law. CBO also expects that lowering the rate would increase oil and gas production on those sites, because of the potential for increased profits for operators and leaseholders, thus increasing royalty collections. In addition, CBO expects that future leased parcels would become more valuable, thus raising future bonus bids on onshore leases. This provision interacts with other sections and CBO has shown the estimated budgetary effects under section 80101.

    Under current law, through August 2032 the royalty rates for offshore oil and gas leases must be between 16.67 percent and 18.75 percent, and at least 16.67 percent after that. This provision would permanently set the rate between 12.5 percent and 18.75 percent. Based on royalty rates for recent oil and gas leasing, CBO expects that the Bureau of Ocean Energy Management (BOEM) would continue to impose a rate of 18.75 percent; on that basis, CBO expects that the legislation would not affect the royalty rate for future offshore oil and gas leases.

    Part II. Geothermal

    Sections 80111 and 80112 would require annual geothermal lease sales and exclude power plants outside of the leasing area from paying royalties on geothermal resources used by those plants. The two sections interact and CBO has shown the estimates of their combined budgetary effects under section 80111.

    Geothermal Leasing. Section 80111 would require DOI to hold annual geothermal lease sales and replace canceled or delayed sales within the same year. Sales would include parcels in each state that are eligible for geothermal development under the Federal Land and Management Act of 1976. Under current law, DOI holds geothermal lease sales every other year. Winning bidders remit bonus bids as leases are issued and they pay annual rent on nonproducing leases and royalties on the value of any electricity produced and sold from the leased land. Geothermal projects on federal land take between seven and nine years from leasing to electricity production, depending on permitting, exploration results, and financial resources.

    Using information from the industry and data from BLM, CBO estimates that under the legislation DOI would issue about 450 new leases through 2034. CBO estimates that, after sharing a portion of those receipts with states and counties where the activities occur, the legislation would increase net offsetting receipts by $23 million from bonus bids, rents, and royalties over the 2025-2034 period, after adjusting for sequestration.

    Geothermal Royalties. Section 80112 would exclude from royalty payments federal geothermal resources that support power plants located outside the boundaries of the federal geothermal leasing area. Under current law, using geothermal resources within or outside an area does not exempt lessees from paying royalties. Using data from BLM, CBO estimates that more than half of all power plants that access federal geothermal resources would be excluded from paying royalties under this provision, decreasing royalty payments under new leases.

    Part III. Alaska

    Part III would reinstate the Coastal Plain Oil and Gas Leasing Program and require new lease sales in the National Petroleum Reserve-Alaska.

    Coastal Plain Oil and Gas Leasing. Section 80121 would require BLM to reinstate six leases canceled after the 2021 lease sale. CBO expects that the lessees would repay the $8 million for bonus bids they received in reimbursements after the cancellation and that they would pay rent totaling $3 million a year until production begins.

    This provision also would require BLM to conduct at least four oil and gas lease sales in the Arctic National Wildlife Refuge within 10 years of enactment. BLM would be required to offer a minimum of 400,000 acres in each sale, or the total number of unleased acres available at the time of a sale. The legislation would require those sales to be conducted under terms established by the “Record of Decision for the Final Environmental Impact Statement for the Coastal Plain Oil and Gas Leasing Program, Alaska,” dated August 21, 2020.

    Section 80121 also would require BLM to issue any rights-of-way, easements, permits, or other necessary authorizations for the exploration, development, production, and transportation of oil and gas under those leases. Those authorizations would be considered to satisfy all federal laws, including the Alaska National Interest Lands Act, Endangered Species Act, and National Environmental Policy Act (NEPA), and they would be exempted from judicial review. CBO expects that enacting those provisions would significantly increase the likelihood that companies would participate in each sale and the amount that companies would bid in those sales.

    Using information from BLM, the U.S. Geological Survey, and industry experts, CBO estimates that the reinstated and new leases awarded under the legislation would increase net offsetting receipts to the federal government by $946 million from bonus bids, rents, and royalties over the 2025-2034 period, after adjusting for sequestration. That amount is adjusted for sequestration and incorporates the 50 percent that would be paid to Alaska under current law.

    Estimates of bonus bids, rents, and royalties from leases in the Arctic National Wildlife Refuge are uncertain. Potential bidders might make assumptions that are different from CBO’s, including assumptions about long-term oil prices, production costs, the amount of oil and gas resources in the area, production timelines, and alternative investment opportunities. The number of factors that affect companies’ investment and operation decisions result in wide ranges for bonus bids, rents, and royalties. CBO’s estimate represents the midpoint of those ranges.

    National Petroleum Reserve-Alaska. Section 80122 would direct DOI to resume the oil and gas leasing program under the Naval Petroleum Reserves Production Act of 1976, requiring a lease sale within one year of enactment, and every two years thereafter. Under regulations issued in 2020, BLM would offer a minimum of 4 million acres in each sale. The legislation would deem all sales to meet environmental requirements established in NEPA.

    Using information from BLM, the U.S. Geological Survey, and industry groups, CBO estimates that bonus bids, rents, and royalties from the reinstated and new leases would increase net offsetting receipts by $532 million over the 2025‑2034 period, after adjusting for sequestration. That amount is adjusted for sequestration and incorporates the 50 percent that would be paid to Alaska under current law.

    Part IV. Mining

    Part IV would reinstate mining leases in national forest land in the state of Minnesota and require the necessary approvals and permits for a new road in Alaska.

    Superior National Forest Lands in Minnesota. Section 80131 would rescind an order issued by BLM in 2023 that was effective for a period of 20 years and subject to valid existing rights. That order withdrew more than 225,000 acres of National Forest System land in Minnesota from mineral and geothermal leasing. This provision would require the Departments of Agriculture and the Interior to reissue all mineral leases for a 20-year term with an option for renewal. The remaining terms of the reinstated leases would be as they were originally and the leases would be exempt from judicial review.

    Using information from BLM on the leases’ terms, CBO expects that leaseholders would pay combined annual rent and minimum royalties of about $400,000 and would pay a 6 percent royalty on the gross value of minerals mined. Based on information from the industry, CBO expects that state and local permitting and preproduction activities would take about seven years to complete. Because of uncertainty about when and whether leaseholders would obtain the necessary state permits, CBO used a 50 percent probability that production would begin after 2031 but before 2034. On that basis, CBO estimates that the federal government would collect $81 million in rents and royalties over the 2025-2034 period.

    Ambler Road in Alaska. Section 80132 would require federal approval for rights-of-way, permits, licenses, leases, and any other authorizations needed to access public land for the construction of the Ambler Road across the western unit of the Gates of the Arctic National Preserve and the Central Yukon Planning Area in Alaska. All authorizations would be granted under the 2020 Ambler Road Environmental Impact Statement and would be exempt from judicial review. This provision also would establish an annual rent of $500,000 from 2025 through 2034. CBO estimates that enacting the provision would reduce direct spending by $4 million over the 2025-2034 period.

    Part V. Coal

    Part V would require DOI to rescind the temporary pause on coal leasing and reduce the royalty rate on existing and new coal leases. Sections 80141 through 80143 interact and CBO has shown the estimates of their combined budgetary effects under section 80141.

    Coal Leasing. Section 80141 would direct DOI to process and approve qualified applications for coal leases and provide any necessary approvals for mining. The legislation also would require DOI to make available a minimum of 4 million additional acres with known recoverable coal reserves in the lower 48 states and Alaska. That requirement would exclude national parks and monuments as well as historic, wilderness, recreational, and conservation areas. After adjusting for the effects of sequestration, CBO estimates that the bonus bids, rents, and royalties would increase offsetting receipts by $237 million over the 2025‑2034 period.

    Future Coal Leasing. Section 80142 would rescind a 2016 Secretarial Order from DOI that paused the issuance of new federal leases for thermal coal. This provision interacts with section 80141 and CBO has shown the estimated budgetary effects under that section.

    Coal Royalty. Section 80143 would reduce the royalty rate on federal coal leases from 12.5 percent to 7 percent. That rate would apply to existing and new leases from the date of enactment through September 30, 2034. CBO estimates that the reduction would increase direct spending during the same period by reducing offsetting receipts. This section interacts with section 80141 and CBO has shown the estimated budgetary effects under that section.

    Authorization to Mine Federal Minerals. Section 80144 would authorize the mining of all coal reserves under certain federal coal leases previously issued for about 800 acres in Montana. Mining authorizations would be provided in accordance with a 2020 mining plan modification. Using information from BLM, CBO estimates that enacting the provision would increase net royalties by $42 million in the 2025‑2034 period, after sharing 50 percent of the total receipts with the state of Montana. The estimate is adjusted for the effects of sequestration.

    Part VI. NEPA

    Part VI would authorize sponsors of projects that require environmental assessments or environmental impact statements under NEPA to pay a fee to potentially expedite completion of the assessments or statements and for exemption from judicial review.

    Project Sponsor Opt-In Fees for Environmental Reviews. Section 80151 would authorize sponsors of projects that require environmental assessments or environmental impact statements under NEPA to pay a fee for a potentially expedited completion of the assessment or statement and for exemption from judicial review. The fee would be set at 125 percent of the anticipated costs to prepare or supervise the preparation of the assessment or statement.

    CBO expects that the exemption from judicial review would accelerate the start date of some large, federally funded transportation, energy, and infrastructure projects that otherwise would have been delayed by litigation. Based on NEPA litigation data and factoring in the chance that projects would be delayed by other litigation (for example, challenges under the Endangered Species Act), CBO anticipates that enacting section 80151 would accelerate those projects by about two years. We also expect that some federally funded projects that would have been permanently stopped by a challenge under current law would commence under this provision. CBO estimates that accelerating or starting those formerly delayed or stopped projects would increase direct spending by $190 million over the 2025-2034 period. (CBO expects that federal funds for those projects would have been spent more slowly or would not have been spent at all, under current law.)

    Finally, CBO expects that enacting section 80151 would accelerate the start of some energy projects on federal land, increasing the collection of rents and royalties over the 2025-2034 period. Those effects are included as interactive effects in other sections.

    Rescission Relating to Environmental and Climate Data Collection. Section 80152 would rescind the unobligated balances of funds directly appropriated in the 2022 reconciliation act to the Council on Environmental Quality. Using information from the Office of Management and Budget (OMB), CBO estimates that enacting this provision would decrease direct spending by $25 million over the 2025-2034 period.

    Part VII. Miscellaneous

    Part VII would require a fee for the filing of protests against oil and gas lease sales. The receipts collected under the provision would reduce direct spending.

    Protest Fees. Section 80161 would establish filing fees to submit protests against oil and gas lease sales; the fees would depend on the number of pages and protests in each filing. Using data from BLM on protests and the estimated increases in oil and gas leasing under the legislation, CBO estimates that enacting the provision would increase offsetting receipts by $5 million over the 2025-2034 period.

    Part VIII. Offshore Oil and Gas Leasing

    Part VIII would require new sales of offshore oil and gas leases, authorize the commingling of offshore oil production from multiple reservoirs within a single well under certain conditions, and increase the amount of energy receipts that may be distributed to states and conservation programs. Sections 80171 and 80172 interact and CBO has shown the combined estimates of their budgetary effects under section 80171.

    Mandatory Offshore Oil and Gas Lease Sales. Section 80171 would require BOEM to hold at least 30 lease sales in the Gulf of America during the 15 years after enactment and 6 lease sales in Alaska’s Cook Inlet during the 10 years after enactment. Those sales would be held annually according to a schedule described in the legislation.

    In September 2023, BOEM released its five-year plan for holding Outer Continental Shelf oil and gas lease sales during the 2024-2029 period. The Outer Continental Shelf Lands Act requires BOEM to issue leasing schedules; any significant revisions require a process for consultation and rulemaking. Under the current five-year plan, the agency intends to hold two more sales in the gulf: one each in 2027 and 2029. The plan does not include sales in the Alaska Outer Continental Shelf. The legislation would authorize BOEM to hold the new sales in addition to those in the five-year plan.

    CBO expects that, under the legislation, BOEM would hold 24 additional offshore oil and gas sales by the end of 2034: 18 in the gulf and 6 in the Cook Inlet. Because planning and executing a lease sale takes between six months and two years, CBO expects that the sale that the legislation would require before August 15, 2025, would occur in a later year. CBO estimates that new offshore lease sales would generate $6.3 billion in bonus bids, rents, and royalties over the 2026-2034 period. That estimate includes the effects of enacting section 80172.

    Offshore Commingling. Section 80172 would require DOI to approve operator requests to commingle offshore oil production from multiple reservoirs within a single well unless there is conclusive evidence that safety is threatened or aggregate production could decline. The Bureau of Safety and Environmental Enforcement currently generally allows offshore leaseholders to commingle production if the pressure differential between reservoirs is under 200 pounds per square inch, though in one region, that differential is set at below 1,500 pounds per square inch. The legislation would authorize commingling at any pressure differential if safety and production are unaffected.

    According to academic research and industry feedback, commingled wells can be more productive, on average, than sequential wells. On that basis, CBO expects that enacting the provision would increase the number of commingled wells, leading to increased production. CBO also expects that future leased tracts would become more valuable, increasing the amount of future bonus bids on offshore leases.

    Using information from BOEM, the Bureau of Safety and Environmental Enforcement, and industry groups, CBO expects that the provision would increase offsetting receipts relative to current law. This section interacts with section 80171 and CBO has shown its effects in the estimate for that section.

    Limitations of Amount of Distributed Qualified Outer Continental Shelf Revenues. Section 80173 would amend the Gulf of Mexico Energy Security Act of 2006 to increase the amount of energy receipts that may be distributed to states and conservation programs. Under current law, not more than $500 million in receipts collected from leases entered into on or after December 2006 may be distributed in each year through 2055; the legislation would allow up to $650 million to be distributed in each year through 2034. CBO expects that the new funding resulting from increasing the cap would be subject to sequestration beginning in 2027, which would reduce spending by about $50 million over the 2027-2032 period. Accounting for sequestration, CBO estimates that increasing the cap to $650 million would increase direct spending outlays by $1.2 billion over the 2025-2034 period.

    Part IX. Renewable Energy

    Part IX would establish a standard formula to calculate the capacity fee (an equivalent to royalty payment) paid to the federal government under geothermal leases and require the Treasury to distribute a part of those receipts to the states and counties where the operations take place. Sections 80181 and 80182 interact and CBO has shown the estimate of their combined budgetary effects in the estimate for section 80181.

    Renewable Energy Fees on Federal Lands. Section 80181 would establish a formula to calculate rental rates and the capacity fees paid to the federal government under solar and wind leases on federal land. A capacity fee is a royalty based on the energy produced and sold under those leases. Under current law, BLM establishes and can modify those formulas by rule. The capacity fee calculation under this provision would apply to existing and new leases and would, in CBO’s estimation, increase the total offsetting receipts collected relative to current law. Using information from BLM on current and estimated future wind and solar projects, CBO estimates that enacting the provision would increase offsetting receipts by $180 million over the 2025-2034 period, after adjusting for the effects of sequestration.

    Renewable Energy Revenue Sharing. Section 80182 would require the Treasury to distribute 25 percent of the offsetting receipts from wind and solar leases on federal land to the states and counties where those operations take place. The federal government does not currently distribute any of those receipts to states. CBO estimates that enacting this provision would increase direct spending over the 2025-2034 period. This section interacts with section 80181 and CBO has shown its budgetary effects in the estimate for section 80181.

    Subtitle B. Water, Wildlife, and Fisheries

    Subtitle B would rescind certain unobligated balances from funds directly appropriated in the 2022 reconciliation act and provide funding for water storage and conveyance activities. CBO estimates that enacting the subtitle would increase outlays, on net, by $2.4 billion over the 2025-2034 period.

    Rescission of Funds. Sections 80201 and 80202 would rescind certain unobligated balances of funds directly appropriated in the 2022 reconciliation act. Using information from OMB, CBO estimates that enacting those sections would decrease outlays over the 2025-2034 period by the following amounts:

    • $100 million for Investing in Coastal Communities and Climate Resilience; and

    $29 million for Facilities of National Oceanic and Atmospheric Administration.

    Surface Water Storage Enhancement. Section 80203 would provide $2 billion in 2025 to the Bureau of Reclamation (BOR) to increase the capacity of existing surface water storage facilities. The section also would exempt those funds from cost-sharing, matching, and reimbursement requirements, which are typical for financing projects for developing water storage.

    CBO expects that the funds would allow BOR to move forward with the Shasta Dam and Reservoir Enlargement Project by removing the requirement to engage a nonfederal partner. Based on historical spending patterns and information from the agency, CBO estimates that enacting this provision would increase direct spending by $2 billion over the 2025-2034 period.

    Water Conveyance Enhancement. Section 80204 would directly appropriate $500 million in 2025 to BOR to increase the capacity of existing water conveyance facilities. Based on historical spending patterns and information from the agency, CBO expects that the amounts provided would be fully spent over the 2025-2034 period.

    Section 80204 also would exempt the amounts provided from cost-sharing, matching, and reimbursement requirements, which are typical for financing conveyance projects. That could affect spending subject to appropriation, but CBO has not reviewed this provision for such effects.

    Subtitle C. Federal Lands

    Subtitle C would prohibit BLM from implementing certain resource management plans and rescind unobligated funds from the Forest Service and BLM. CBO estimates that enacting the subtitle would decrease direct spending by $1.6 billion over the 2025-2034 period.

    Prohibition on the Implementation of Field Office Management Plans. Sections 80301 through 80305 would prohibit DOI from implementing, administering, or enforcing five BLM Resource Management Plans made final between October 2024 and January 2025 for the Rock Springs and Buffalo Field Offices in Wyoming, the Miles City Field Office in Montana, a statewide plan for North Dakota, and the Colorado River Valley and Grand Junction Field Offices in Colorado. After adjusting for the effects of sequestration, CBO estimates that enacting those provisions would decrease direct spending by a total of $261 million over the 2026-2034 period.

    Rescissions of Funds. Sections 80306, 80307, 80308, and 80309 would rescind certain unobligated balances of funds directly appropriated in the 2022 reconciliation act. Using information from the OMB, CBO estimates that enacting those rescissions would decrease outlays over the 2025-2034 period by $287 million for the Forest Service, the National Park Service, and BLM.

    Celebrating America’s 250th Anniversary. Section 80310 would provide $190 million for DOI to commemorate the 250th anniversary of the founding of the United States of America and establish and maintain a statuary park named the National Garden of American Heroes. Based on historical spending patterns, CBO expects that the directly appropriated amounts would be fully spent over the 2025-2034 period.

    Long-Term Contracts for the Forest Service. Section 80311 would require the Forest Service to enter into at least one 20-year contract for timber harvesting per region each year over the 2025-2029 period. CBO expects that the sales required within one year of enactment would occur in a later year.

    This section would establish the contracts’ terms and conditions. Under current law, proceeds from national forests’ timber sales are deposited into various funds, depending on the authority under which the sale is conducted; amounts deposited into those funds can be spent without further appropriation. This provision would require the proceeds from the sales conducted under the legislation to be deposited in the Treasury. Thus, CBO estimates that enacting the provision would decrease direct spending over the 2025-2034 period.

    CBO estimates that section 80311 would interact with section 80313. That section would require the Forest Service to harvest and sell a minimum of 25 percent more timber than the amounts it sold in fiscal year 2024.

    CBO estimates that of the additional timber sales conducted under section 80313, half could be harvested through the required long-term contracts. Using data on timber sales and accounting for the interaction between the two sections, CBO estimates that enacting those sections would increase offsetting receipts by $111 million over the 2025-2034 period.

    Long-Term Contracts for the Bureau of Land Management. Section 80312 would require BLM to enter at least one 20-year contract for timber harvesting per region each year over the 2025-2029 period.

    This section would establish the contracts’ terms and conditions. Under current law, most proceeds of timber sales on public land under the jurisdiction of BLM are deposited into various funds depending on the authority under which the sale is conducted; amounts deposited into those funds can be spent without further appropriation. This provision would require the proceeds from the sales conducted under the legislation to be deposited in the Treasury as offsetting receipts. Thus, CBO estimates that enacting the provision would decrease direct spending over the 2025-2034 period.

    CBO estimates that half of the timber sold under section 80314 could be harvested under long-term contracts. That section would require BLM to harvest and sell a minimum of 25 percent more timber than it sold in fiscal year 2024. Using data on timber sales and accounting for the interaction between the sections, CBO estimates that enacting those sections would increase offsetting receipts by $46 million over the 2025-2034 period. Furthermore, CBO expects that the sales required within a year of enactment would occur in a later year. CBO expects that section 80312 would interact with section 80314 and the combined estimated budgetary effects are shown in the estimate for section 80312.

    Bureau of Land Management Land in Nevada. Section 80315 would direct DOI to identify and convey federal land, managed by BLM, in non-metropolitan areas of four counties in Nevada. The provision would require BLM to sell the land below fair-market value upon request by certain counties to use it for affordable housing. Otherwise, the land would be sold or exchanged for a price that is at or above fair-market value. Proceeds from those sales are recorded in the budget as offsetting receipts.

    Based on public maps describing available land for disposal in the state and information from BLM, CBO estimates that roughly 400,000 acres are identified for conveyance under this section. Much of that land is in Pershing County and is estimated to be encumbered with mining claims, millsites, or tunnel sites (roughly 250,000 acres). Encumbered land would be offered at fair-market value to the owner of the encumbrance under this section, and CBO expects that those acres would be conveyed over the 2025‑2034 period. For the remaining acres, CBO used a 50 percent probability that some of the available land would be identified for disposal and a 50 percent probability that the land so identified would be conveyed. On that basis, CBO estimates that 40,000 acres would be conveyed under the legislation over the next 10 years.

    Using information from DOI, related organizations, and past land sales in the state, CBO estimates that enacting this section would reduce direct spending by $819 million over the 2025-2034 period.

    Forest Service Land in Nevada. Section 80316 would direct the Department of Agriculture to identify and convey federal land managed by the Forest Service in Washoe County, Nevada. The provision would require the department to sell the land below fair-market value upon request by the county to use for affordable housing. Otherwise, the land would be sold at or above fair-market value. Proceeds from the sales would be recorded in the budget as offsetting receipts. Based on information from other land sales, CBO estimates that enacting section 80316 would reduce direct spending by $7 million over the 2025-2034 period.

    Federal Land in Utah. Section 80317 would require DOI to convey roughly 11,000 acres of federal land managed by BLM in Utah. The section would require DOI to sell the land at or above fair-market value. CBO expects that identifying and conveying the land would take several years. Proceeds from the sales would be recorded in the budget as offsetting receipts Using information on land values from BLM, CBO estimates that enacting section 80317 would reduce direct spending by $293 million over the 2025-2034 period.

    Revenues

    Enacting the legislation would increase revenues by $1.2 billion over the 2025-2034 period. (see On that basis, CBO estimates that enacting section 80151 would increase revenues, on net, by $1.2 billion over the 2025-2034 period.

    Uncertainty

    Many of CBO’s estimates for spending and revenues are subject to uncertainty because they rely on underlying projections and other estimates that are themselves uncertain.

    Several areas of the legislation are subject to particular uncertainty:

    • Projecting bonus bids, rents, and royalties from onshore and offshore oil, gas, and coal leasing depends on future prices of those fuels and minerals, the number of new leases that would begin production within the 10-year window, and the amount of production per lease, all of which are subject to market conditions and individual responses by public and private-sector entities;
    • Projecting bonus bids, rents, and royalties from renewable-energy leases depends on future prices of electricity and grid capacity, the number of new leases that would produce electricity, and the amount of electricity produced per lease, all of which are subject to market conditions and individual responses by public and private-sector entities;
    • Estimating bonus bids for leases in the National Petroleum Reserve in Alaska and the Arctic National Wildlife Refuge requires CBO to make assumptions that might differ from those of potential bidders, including our projections of long-term oil and gas prices and estimated production costs. For more information about the uncertainty of the estimates related to Alaska, see the discussion above in the section “Part III. Alaska”;
    • Anticipating market conditions and the risk tolerance of nonfederal entities make it difficult to project the amount of fees that those entities would pay for exemptions from judicial review under section 80151;
    • Projecting timelines is difficult for federally funded projects that could accelerate or newly start because of the judicial review provision; and
    • Projecting receipts from the conveyance of federal land in Nevada and Utah because of uncertain timelines, land value, and acreage.

    Pay-As-You-Go Considerations

    The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. The net changes in outlays and revenues that are subject to those pay-as-you-go procedures are shown in Acting Chief, Natural and Physical Resources Cost Estimates Unit

    Kathleen FitzGerald
    Chief, Public and Private Mandates Unit

    Christina Hawley Anthony
    Deputy Director of Budget Analysis

    H. Samuel Papenfuss 
    Deputy Director of Budget Analysis

    Chad Chirico 
    Director of Budget Analysis

    Phillip L. Swagel

    Director, Congressional Budget Office

    [Table 2 begins on the next page.]

    Return to Revenues

    Table 2.

    Estimated Changes in Direct Spending and Revenues Under Reconciliation Recommendations Title VIII, Committee on Natural Resources, as Ordered Reported on May 6, 2025
     

    By Fiscal Year, Millions of Dollars

    		    
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034
     

    Increases or Decreases (-) in Direct Spending

    		    

    Subtitle A. Energy and Mineral Resources

    		                    

    Part I. Oil and Gas

    		                        

    Sec. 80101, Onshore Oil and Gas Lease Salesa

    		                      

    Budget Authority

    0

    -210

    -686

    -1,102

    -1,333

    -1,552

    -1,730

    -1,854

    -2,043

    -2,260

    -3,331

    -12,770

    Estimated Outlays

    0

    -210

    -686

    -1,102

    -1,333

    -1,552

    -1,730

    -1,854

    -2,043

    -2,260

    -3,331

    -12,770

    Part II: Geothermal

    		                        

    Sec. 80111, Geothermal Leasingb

    		                      

    Budget Authority

    0

    -1

    -1

    -2

    -2

    -3

    -3

    -3

    -3

    -5

    -6

    -23

    Estimated Outlays

    0

    -1

    -1

    -2

    -2

    -3

    -3

    -3

    -3

    -5

    -6

    -23

    Part III. Alaska

    		                        

    Sec. 80121, Coastal Plain Oil and Gas Leasing

    		                        

    Budget Authority

    0

    -219

    -3

    -15

    -2

    -15

    -3

    -16

    -332

    -341

    -239

    -946

    Estimated Outlays

    0

    -219

    -3

    -15

    -2

    -15

    -3

    -16

    -332

    -341

    -239

    -946

    Sec. 80122, National Petroleum Reserve-Alaska

    		                        

    Budget Authority

    0

    -80

    -5

    -90

    -6

    -95

    -11

    -97

    -34

    -114

    -181

    -532

    Estimated Outlays

    0

    -80

    -5

    -90

    -6

    -95

    -11

    -97

    -34

    -114

    -181

    -532

    Part IV. Mining

    		                        

    Sec. 80131, Superior National Forest Lands in Minnesota

    		                      

    Budget Authority

    -1

    *

    -1

    *

    -1

    *

    -1

    -22

    -28

    -27

    -3

    -81

    Estimated Outlays

    -1

    *

    -1

    *

    -1

    *

    -1

    -22

    -28

    -27

    -3

    -81

    Sec. 80132, Ambler Road in Alaska

    		                      

    Budget Authority

    0

    *

    -1

    *

    -1

    *

    -1

    *

    -1

    *

    -2

    -4

    Estimated Outlays

    0

    *

    -1

    *

    -1

    *

    -1

    *

    -1

    *

    -2

    -4

    Part V. Coal

    		                        

    Sec. 80141, Coal Leasingc

    		                        

    Budget Authority

    0

    84

    67

    61

    57

    -107

    -101

    -98

    -99

    -101

    269

    -237

    Estimated Outlays

    0

    84

    67

    61

    57

    -107

    -101

    -98

    -99

    -101

    269

    -237

    Sec. 80144, Authorization to Mine Federal Minerals

    		                        

    Budget Authority

    0

    -14

    -15

    -14

    1

    0

    0

    0

    0

    0

    -42

    -42

    Estimated Outlays

    0

    -14

    -15

    -14

    1

    0

    0

    0

    0

    0

    -42

    -42
                         

    (Continued)

    Table 2.

    Estimated Changes in Direct Spending and Revenues Under Reconciliation Recommendations Title VIII, Committee on Natural Resources, as Ordered Reported on May 6, 2025

    (Continued)
     

    By Fiscal Year, Millions of Dollars

    		    
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034
     

    Increases or Decreases (-) in Direct Spending

    		    

    Part VI. NEPA

    		                        

    Sec. 80151, Project Sponsor Opt-In Fees for Environmental Reviews

    		                      

    Budget Authority

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    Estimated Outlays

    0

    0

    *

    5

    15

    25

    30

    35

    40

    40

    20

    190

    Sec. 80152, Rescission Relating to Environmental and Data Collection

    		                      

    Budget Authority

    -25

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -25

    -25

    Estimated Outlays

    -7

    -6

    -6

    -6

    0

    0

    0

    0

    0

    0

    -25

    -25

    Part VII. Miscellaneous

    		                        

    Sec. 80161, Protest Fees

    		                        

    Budget Authority

    0

    *

    -1

    *

    -1

    *

    -1

    *

    -2

    *

    -2

    -5

    Estimated Outlays

    0

    *

    -1

    *

    -1

    *

    -1

    *

    -2

    *

    -2

    -5

    Part VIII: Offshore Oil and Gas Leasing

    		                    

    Sec. 80171, Mandatory Offshore Oil and Gas Lease Salesd

    		                      

    Budget Authority

    0

    -160

    -170

    -530

    -390

    -540

    -800

    -1,010

    -1,240

    -1,450

    -1,250

    -6,290

    Estimated Outlays

    0

    -160

    -170

    -530

    -390

    -540

    -800

    -1,010

    -1,240

    -1,450

    -1,250

    -6,290

    Sec. 80173, Limitations on Amount of Distributed Qualified Outer Continental Shelf Revenues

    		                    

    Budget Authority

    0

    150

    140

    140

    140

    140

    140

    145

    150

    150

    570

    1,295

    Estimated Outlays

    0

    120

    120

    130

    140

    140

    140

    145

    150

    150

    510

    1,235

    Part IX: Renewable Energy

    		                        

    Sec. 80181, Renewable Energy Fees on Federal Landse

    		                      

    Budget Authority

    0

    -5

    -5

    -6

    -13

    -21

    -28

    -27

    -37

    -38

    -29

    -180

    Estimated Outlays

    0

    -5

    -5

    -6

    -13

    -21

    -28

    -27

    -37

    -38

    -29

    -180
                         

    (Continued)

    Table 2.

    Estimated Changes in Direct Spending and Revenues Under Reconciliation Recommendations Title VIII, Committee on Natural Resources, as Ordered Reported on May 6, 2025

    (Continued)
     

    By Fiscal Year, Millions of Dollars

    		    
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034
     

    Increases or Decreases (-) in Direct Spending

    		    

    Subtitle B: Water, Wildlife, and Fisheries

    		                    

    Sec. 80201, Rescission of Funds for Investing in Coastal Communities and Climate Resilience

    		                    

    Budget Authority

    -280

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -280

    -280

    Estimated Outlays

    -40

    -20

    -15

    -15

    -10

    0

    0

    0

    0

    0

    -100

    -100

    Sec. 80202, Rescission of Funds for Facilities of National Atmospheric Administration and National Marine Sanctuaries

    		                    

    Budget Authority

    -29

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -29

    -29

    Estimated Outlays

    -7

    -7

    -7

    -6

    -2

    0

    0

    0

    0

    0

    -29

    -29

    Sec. 80203, Surface Water Storage Enhancement

    		                        

    Budget Authority

    2,000

    0

    0

    0

    0

    0

    0

    0

    0

    0

    2,000

    2,000

    Estimated Outlays

    0

    31

    71

    108

    109

    209

    417

    418

    418

    219

    319

    2,000

    Sec. 80204, Water Conveyance Enhancement

    		                      

    Budget Authority

    500

    0

    0

    0

    0

    0

    0

    0

    0

    0

    500

    500

    Estimated Outlays

    0

    25

    175

    150

    150

    0

    0

    0

    0

    0

    500

    500

    Subtitle C: Federal Lands

    		                        

    Sec. 80301, Prohibition on the Implementation of the Rock Springs Field Office, Wyoming, Resource Management Plan

    		                    

    Budget Authority

    0

    -4

    *

    *

    -21

    -24

    -26

    -29

    -29

    -30

    -25

    -163

    Estimated Outlays

    0

    -4

    *

    *

    -21

    -24

    -26

    -29

    -29

    -30

    -25

    -163

    Sec. 80303, Prohibition on the Implementation of the Miles City Field Office, Montana, Resource Management Plan

    		                    

    Budget Authority

    0

    -3

    -3

    -3

    -3

    -4

    0

    0

    0

    0

    -12

    -16

    Estimated Outlays

    0

    -3

    -3

    -3

    -3

    -4

    0

    0

    0

    0

    -12

    -16

    Sec. 80304, Prohibition on the Implementation of the North Dakota Resource Management Plan

    		                    

    Budget Authority

    0

    -4

    *

    *

    *

    *

    -1

    *

    *

    *

    -4

    -5

    Estimated Outlays

    0

    -4

    *

    *

    *

    *

    -1

    *

    *

    *

    -4

    -5

    Sec. 80305, Prohibition on the Implementation of the Colorado River Valley Field Office and Grand Junction Field Office Resource Management Plans

    		                    

    Budget Authority

    0

    -4

    *

    *

    -12

    -12

    -12

    -12

    -12

    -13

    -16

    -77

    Estimated Outlays

    0

    -4

    *

    *

    -12

    -12

    -12

    -12

    -12

    -13

    -16

    -77
                         

    (Continued)

    Table 2.

    Estimated Changes in Direct Spending and Revenues Under Reconciliation Recommendations Title VIII, Committee on Natural Resources, as Ordered Reported on May 6, 2025

    (Continued)
     

    By Fiscal Year, Millions of Dollars

    		    
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034
     

    Increases or Decreases (-) in Direct Spending

    		    

    Sec. 80306, Rescission of Forest Service Funds

    		                      

    Budget Authority

    -8

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -8

    -8

    Estimated Outlays

    -3

    -2

    -1

    -1

    -1

    0

    0

    0

    0

    0

    -8

    -8

    Sec. 80307, Rescission of National Park Service and Bureau of Land Management Funds

    		                    

    Budget Authority

    -7

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -7

    -7

    Estimated Outlays

    -2

    -1

    -1

    -1

    -1

    -1

    0

    0

    0

    0

    -6

    -7

    Sec. 80308, Rescission of Bureau of Land Management and National Park Service Funds

    		                    

    Budget Authority

    -5

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -5

    -5

    Estimated Outlays

    -2

    -1

    -1

    -1

    0

    0

    0

    0

    0

    0

    -5

    -5

    Sec. 80309, Rescission of National Park Service Funds

    		                        

    Budget Authority

    -317

    0

    0

    0

    0

    0

    0

    0

    0

    0

    -317

    -317

    Estimated Outlays

    -75

    -63

    -44

    -36

    -26

    -20

    -3

    0

    0

    0

    -244

    -267

    Sec. 80310, Celebrating America’s 250th Anniversary

    		                        

    Budget Authority

    190

    0

    0

    0

    0

    0

    0

    0

    0

    0

    190

    190

    Estimated Outlays

    15

    128

    25

    12

    10

    0

    0

    0

    0

    0

    190

    190

    Sec. 80311, Long-Term Contracts for the Forest Servicef

    		                      

    Budget Authority

    0

    0

    0

    0

    0

    -19

    -21

    -22

    -24

    -25

    0

    -111

    Estimated Outlays

    0

    0

    0

    0

    0

    -19

    -21

    -22

    -24

    -25

    0

    -111

    Sec. 80312, Long-Term Contracts for the Bureau of Land Managementg

    		                      

    Budget Authority

    0

    0

    0

    0

    0

    -8

    -8

    -10

    -10

    -10

    0

    -46

    Estimated Outlays

    0

    0

    0

    0

    0

    -8

    -8

    -10

    -10

    -10

    0

    -46

    Sec. 80315, Bureau of Land Management Land in Nevada

    		                      

    Budget Authority

    0

    -91

    -91

    -91

    -91

    -91

    -91

    -91

    -91

    -91

    -364

    -819

    Estimated Outlays

    0

    -91

    -91

    -91

    -91

    -91

    -91

    -91

    -91

    -91

    -364

    -819

    Sec. 80316, Forest Service Land in Nevada

    		                        

    Budget Authority

    0

    -3

    -4

    0

    0

    0

    0

    0

    0

    0

    -7

    -7

    Estimated Outlays

    0

    -3

    -4

    0

    0

    0

    0

    0

    0

    0

    -7

    -7

    Sec. 80317, Federal Land in Utah

    		                      

    Budget Authority

    0

    -11

    -56

    -70

    -70

    -86

    0

    0

    0

    0

    -207

    -293

    Estimated Outlays

    0

    -11

    -56

    -70

    -70

    -86

    0

    0

    0

    0

    -207

    -293
                         

    (Continued)

    Table 2.

    Estimated Changes in Direct Spending and Revenues Under Reconciliation Recommendations Title VIII, Committee on Natural Resources, as Ordered Reported on May 6, 2025

    (Continued)
     

    By Fiscal Year, Millions of Dollars

    		    
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2025-2029

    2025-2034
     

    Increases or Decreases (-) in Direct Spending

    		    

    Total Changes

    		                        

    Budget Authority

    2,018

    -575

    -835

    -1,722

    -1,748

    -2,437

    -2,698

    -3,146

    -3,835

    -4,355

    -2,862

    -19,333

    Estimated Outlays

    -122

    -521

    -659

    -1,523

    -1,504

    -2,224

    -2,254

    -2,693

    -3,377

    -4,096

    -4,329

    -18,973
     

    Increases in Revenues

    		    

    Sec. 80151, Project Sponsor Opt-In Fees for Environmental Reviews

    		                      

    Estimated Revenues

    0

    65

    130

    130

    135

    140

    140

    145

    150

    150

    460

    1,185

    Total Changes

    		                        

    Estimated Revenues

    0

    65

    130

    130

    135

    140

    140

    145

    150

    150

    460

    1,185
     

    Net Decrease in the Deficit

    From Changes in Direct Spending and Revenues

    		    

    Effect on the Deficit

    -122

    -586

    -789

    -1,653

    -1,639

    -2,364

    -2,394

    -2,838

    -3,527

    -4,246

    -4,789

    -20,158

    a. Includes amounts for sections 80102, 80103, 80104, and 80105.

    b. Includes amounts for section 80112.

    c. Includes amounts for sections 80142, 80143, and 80302.

    d. Includes amounts for section 80172.

    e. Includes amounts for section 80182.

    f. Includes amounts for section 80313.

    g. Includes amounts for section 80314.

    MIL OSI USA News –

  • MIL-OSI Europe: Written question – Reviewing the IEP for the former ILVA steel plant – E-001875/2025

    Source: European Parliament

    Question for written answer  E-001875/2025
    to the Commission
    Rule 144
    Cristina Guarda (Verts/ALE), Benedetta Scuderi (Verts/ALE), Leoluca Orlando (Verts/ALE), Ignazio Roberto Marino (Verts/ALE)

    In May 2023, Acciaierie d’Italia requested a review of the integrated environmental permit (IEP) for the (former ILVA) plant in Taranto.

    Enshrined in the European regulatory framework for the sake of public transparency and participation, the right to access environmental information enables public oversight and plays a role in the sound management of environmental resources.

    The Aarhus Convention gives members of the public the right to access information about and to participate in decisions made about environmental matters, as well as to seek redress if these rights are not respected. In the interest of transparency in environmental matters, Directive 2003/4/EC enshrines the right to access environmental information held by public authorities, while Article 24 of Directive 2010/75/EU regulates the disclosure of IEP-related documents, ensuring that information is made available to the public for the sake of transparency and participation.

    Despite this, many documents have not been uploaded to the website of the Ministry of Environment and Energy Security[1], including the minutes of the inter-service conference, the opinions of local bodies and the National Institute of Health, the final preparatory opinion, and the monitoring and control plan.

    In light of the above:

    • 1.Given the significance of the site and its severe environmental impact, does the Commission believe the principles of transparency and disclosure should be observed?
    • 2.What action will the Commission take against the Italian State?

    Submitted: 12.5.2025

    • [1] https://va.mite.gov.it/it-IT/Oggetti/Documentazione/2038/14487.
    Last updated: 19 May 2025

    MIL OSI Europe News –

  • MIL-OSI USA: Chairman Aguilar: Republicans are throwing millions of Americans off their health insurance

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – May 14, 2025

    CHAIRMAN AGUILAR: Good morning. Pleased to be joined with the Vice Chair of the House Democratic Caucus, Ted Lieu.

    This week, Republicans have laid out exactly who they are fighting for. After weeks of promises that they wouldn’t cut Medicaid, their budget contains drastic cuts that will throw millions off of health insurance. After campaigning on helping working-class Americans get ahead, their budget, once again, rewards billionaires and wealthy corporations and makes it harder for families to make ends meet. They are watching prices go up because of Trump’s reckless tariffs, and their response is to take food off of the table for women, veterans and children. The Republican budget doesn’t address the cost-of-living crisis, it makes it worse. The cost of groceries, clothing and everyday necessities are still too high, and Republicans want to add to that and make health care more expensive on top of it. This isn’t about helping people find good-paying jobs or a shot at a better life. This is simply about helping people like Elon Musk pay less in taxes.

    House Democrats believe that we can shore up these basic-needs programs and help everyday Americans reach their full potential. It’s long past time that the wealthiest of Americans pay their fair share and make it easier for working families to afford basic needs like health care and housing. These devastating cuts will make Americans—particularly children—sicker, hungrier and poorer. They’re shortchanging the future just so their friends can continue to get richer. The American people cannot afford the Republican budget and House Democrats are using every tool at our disposal to stop it. I want to thank our Energy and Commerce Members who continue to meet, Ways and Means Members who continue to highlight the unfairness of this plan that Republicans are putting forward and the Agriculture Committee, who will continue to fight for nutrition programs throughout the day. Vice Chair Ted Lieu.

    VICE CHAIR LIEU: Thank you, Chairman Aguilar. Omaha, Nebraska is the sixth-largest city in America led by a Republican. And last night, in a stunning upset, Democrats flipped that seat from Red to Blue. I want to congratulate Mayor-Elect John Ewing Jr., who’s going to be the new mayor of Omaha, Nebraska. We also know that voters are very angry at Republicans who continue to enable Donald Trump’s harmful policies. And the Republican mayor, in this case, aligned herself completely with Donald Trump, and the voters spoke out in Omaha, and now we have a Democratic Mayor-Elect.

    I also want to talk about now the Qatari luxury palace in the sky gift to Donald Trump. There is no such thing as a free palace in the sky. What do foreign countries want when they gift massive amounts of money and other gifts to the President? Donald Trump should reject this gift of the luxury palace in the sky, Boeing 747, completely and righteously. Because we are the United States of America, we don’t need gifts from foreign countries. We can build our own very impressive Air Force One. We don’t need to fly a Qatari plane around as our Air Force One. That’s also un-American. I also want to note that new reporting came out showing that to retrofit this Qatari 747 would take perhaps up to a billion dollars, because you can’t just fly a palace in the sky from a foreign country. You have to actually make it safe and secure. You have to make this plane ready to launch nuclear weapons. You can’t have people eavesdropping on it, and so it’s going to cost way more money to do it this way. And again, people need to ask why is a foreign country trying to give this massive gift to Donald Trump? And think about the precedent it would set. Would it be okay if Brunei gifted a luxury 757 to J.D. Vance for Air Force Two? Would it be okay if Germany gave a Porsche SUV to Senator Thune as his official car? Would it be okay if Italy gave a bunch of expensive Armani suits to Speaker Johnson for his official duties? No, it wouldn’t be okay. Also, because the Constitution says you can’t do this, it requires Congressional approval for the President to accept the gift of this size. And we urge the Republicans in Congress to stand up, speak out and call for a vote if Donald Trump were to accept this essential bribe from a foreign government. 

    And then let me now conclude on Medicaid. We now know that the Republicans lied when they said that they weren’t going to cut Medicaid. They’re cutting Medicaid by a massive amount of money, one of the largest cuts in U.S. history. Over 13.7 million people would be kicked off Medicaid. I also note that two-thirds of nursing home patients rely on Medicaid. This is also going to close down rural hospitals. It’s going to make it so that health care for all of us becomes more expensive, because if you don’t have health care under Medicaid, you’re still going to get treated. You just walk into the emergency room, and it costs even more money for all of us. So we urge Republicans to reject this massive Medicaid cut. And I just want to say, we told you so. We told you that Republicans were going to cut Medicaid, and now we know that they are doing it. So they lied, we told the truth, again.

    Video of the full press conference and Q&A can be viewed here.

    ###

    MIL OSI USA News –

  • MIL-OSI: 2025 Louisiana Energy Conference to Be Held in New Orleans May 27 – May 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, May 19, 2025 (GLOBE NEWSWIRE) — The 2025 Louisiana Energy Conference will be held in New Orleans Tuesday afternoon May 27 through Thursday, May 29, 2025, at the Four Seasons Hotel, New Orleans, located at 2 Canal Street, at the foot of Canal Street on the Mississippi River. Conference registration remains open and hotel reservations can be secured through the event’s web site, www.LouisianaEnergyConference.com.

    The Conference, hosted by Al Petrie Advisors, has been further expanded this year and will now feature a series of 37 panels and presentations that will address key domestic and international industry developments and topics. Executives from over 100 leading public and private exploration and production and oil field services and transition energy companies, as well as representatives from energy-related private equity firms, industry trade groups, regulatory agencies, investment banks, institutional research groups, and industry advisory and law firms will participate in the discussions.  

    A detailed further-updated agenda with all panels and presentations along with the individual panelists and presenters is now available on the event web site www.LouisianaEnergyConference.com and with this link: 2025 Agenda. The online agenda will be updated if any additional participants are confirmed.

    In addition to our traditional domestic and international E&P and oil services panels, we are pleased to add a number of topical presentations this year: 

    Tuesday, May 27:

    Federal Lands and Waters – A Regulatory Update, Steve Dudgeon, Principal, Ryan

    Technology Trends in Upstream Oil, Gas and Geothermal Energy, Richard Talley, Chairman & Chief Executive Officer, NSAI

    Wednesday, May 28:

    A View of the World and US Economy and Energy Industry in a Period of Heightened Volatility, Vikas Dwivedi, Chief Energy Economist – Managing Director, Macquarie Group

    Finance Trends in Energy, Candice Wilson, Managing Director and Julie Mumm-Simms, Partner, Eisner Advisory Group

    Keynote Presentation: Slip, Sliding Away…Crude Hits the Skids in 2025. Now What?, Stephen Jury, Vice Chairman, J.P. Morgan Private Bank

    Thursday, May 29:

    Fueling the Energy Expansion, Drew Lichter, Managing Partner, Broadview Commodity Partners

    Monetizing Tax Credits, Steve Dudgeon, Principal, Ryan

    Washington Policy: Tax and Tariff Update, Anna Taylor, Deputy Leader -Tax Policy Group, Deloitte

    Louisiana Future Energy: All-of-the-Above Strategy Progress, Michael Hecht, President and Chief Executive Officer, GNO Inc.

    Entergy’s Key Role in Meta Datacenter Development in North Louisiana, Phillip May, President and Chief Executive Officer, Entergy Louisiana

    Fueling Transformation: How Generative AI is Reshaping the Energy Value Chain, Kevin Gregory, Practice Lead – Generative AI, Energy, Resources & Industrials, Deloitte Consulting LLP

    Confirmed investment professional attendees will be offered the opportunity to register for one-on-one meetings with companies participating on the panels.

    Networking Events

    Several networking events are planned for 2025:

    On Tuesday, May 27 from 6:00 to 8:00 p.m., there will be a welcoming reception featuring cocktails and hors d’oeuvres and networking at The MISI, a beautiful new venue at 600 Decatur Street, Third Floor, in the historic Jax Brewery, across from Jackson Square and the French Quarter.

    On Wednesday, May 28, from 6:00 to 8:00 p.m., the premier networking event of the Conference will be held at the Vue Orleans, an amazing venue on the 34th floor of the Four Seasons Hotel that showcases the culture of New Orleans with commanding 360-degree views of the Mississippi River and New Orleans. Visit www.vueorleans.com for more details.

    On Thursday, May 29, from 5:30 to 7:00 p.m., please join us for cocktails and hors d’oeuvres to share your thoughts on the 2025 Conference and suggestions for next year at the 1931 Lounge in the new Caesars Hotel directly across from the Four Seasons Hotel on the Second Floor.

    Attendance at the Conference is directed to investment professionals including buy side and sell side analysts and portfolio managers, as well as private equity and wealth management executives, and trust officers. We also welcome energy industry management and advisors to the industry. There is no cost for investment professionals attending the Conference. The cost for all other attendees is $395 for the three-day event.

    For additional information including sponsorship opportunities, please call (504) 799-1953 or email info@LouisianaEnergyConference.com.

    Contact: Al Petrie (504) 799-1953

    The MIL Network –

  • MIL-OSI Global: Overshooting 1.5°C: even temporary warming above globally agreed temperature limit could have permanent consequences

    Source: The Conversation – UK – By Paul Dodds, Professor of Energy Systems, UCL

    Earth’s surface temperature has been 1.5°C hotter than the pre-industrial average for 21 of the last 22 months.

    The 2015 Paris agreement committed countries to keeping the global temperature increase “well below 2°C”, which is widely interpreted as an average of 1.5°C over a 30-year period. The Paris agreement has not yet failed, but recent high temperatures show how close the Earth is to crossing this critical threshold.

    Climate scientists have, using computer simulations, modelled pathways for halting climate change at internationally agreed limits. However, in recent years, many of the pathways that have been published involve exceeding 1.5°C for a few decades and removing enough greenhouse gas from the atmosphere to return Earth’s average temperature below the threshold again. Scientists call this “a temporary overshoot”.

    If human activities were to raise the global average temperature 1.6°C above the pre-industrial average, for example, then CO₂ removal, using methods ranging from habitat restoration to mechanically capturing CO₂ from the air, would be required to return warming to below 1.5°C by 2100.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Do we really understand the consequences of “temporarily” overshooting 1.5°C? And would it even be possible to lower temperatures again?

    Faith that a temporary overshoot will be safe and practicable has justified a deliberate strategy of delaying emission cuts in the short term, some scientists warn. The dangers posed by remaining above the 1.5°C limit for a period of time have received little attention by researchers like me, who study climate change.

    To learn more, the UK government commissioned me and a team of 36 other scientists to examine the possible impacts.

    How nature will be affected

    We examined a “delayed action” scenario, in which greenhouse gas emissions remain similar for the next 15 years due to continued fossil fuel burning but then fall rapidly over a period of 20 years.

    We projected that this would cause the rise in Earth’s temperature to peak at 1.9°C in 2060, before falling to 1.5°C in 2100 as greenhouse gases are removed from the atmosphere. We compared this scenario with a baseline scenario in which the global temperature does not exceed 1.5°C of warming this century.

    Our Earth system model suggested that Arctic temperatures would be up to 4°C higher in 2060 compared to the baseline scenario. Arctic Sea ice loss would be much higher. Even after the global average temperature was returned to 1.5°C above pre-industrial levels, in 2100, the Arctic would remain around 1.5°C warmer compared to the baseline scenario. This suggests there are long-term and potentially irreversible consequences for the climate in overshooting 1.5°C.

    Temperature increases caused by overshooting 1.5°C are primarily felt in the Arctic and on land.
    Selena Zhang, Maria Russo, Luke Abraham and Alex Archibald.

    As global warming approaches 2°C, warm-water corals, Arctic permafrost, Barents Sea ice and mountain glaciers could reach tipping points at which substantial and irreversible changes occur. Some scientists have concluded that the west Antarctic ice sheet may have already started melting irreversibly.

    Our modelling showed that the risk of catastrophic wildfires is substantially higher during a temporary overshoot that culminates in 1.9°C of warming, particularly in regions already vulnerable to wildfires. Fires in California in early 2025 are an example of what is possible when the global temperature is higher.

    Our analysis showed that the risk of species going extinct at 2°C of warming is double that at 1.5°C. Insects are most at risk because they are less able to move between regions in response to the changing climate than larger mammals and birds.

    The impacts on society

    Only armed conflict is considered by experts to have a greater impact on society than extreme weather. Forecasting how extreme weather will be affected by climate change is challenging. Scientists expect more intense storms, floods and droughts, but not necessarily in places that already regularly suffer these extremes.

    In some places, moderate floods may reduce in size while larger, more extreme events occur more often and cause more damage. We are confident that the sea level would rise faster in a temporary overshoot scenario, and further increase the risk of flooding. We also expect more extreme floods and droughts, and for them to cause more damage to water and sanitation systems.

    Floods and droughts will affect food production too. We found that impact studies have probably underestimated the crop damage that increases in extreme weather and water scarcity in key production areas during a temporary overshoot would cause.

    We know that heatwaves become more frequent and intense as temperatures increase. More scarce food and water would increase the health risks of heat exposure beyond 1.5°C. It is particularly difficult to estimate the overall impact of overshooting this temperature limit when several impacts reinforce each other in this way.

    In fact, most alarming of all is how uncertain much of our knowledge is.

    For example, we have little confidence in estimates of how climate change will affect the economy. Some academics use models to predict how crops and other economic assets will be affected by climate change; others infer what will happen by projecting real-word economic losses to date into future warming scenarios. For 3°C of warming, estimates of the annual impact on GDP using models range from -5% to +3% each year, but up to -55% using the latter approach.

    We have not managed to reconcile the differences between these methods. The highest estimates account for changes in extreme weather due to climate change, which are particularly difficult to determine.

    We carried out an economic analysis using estimates of climate damage from both models and observed climate-related losses. We found that temporarily overshooting 1.5°C would reduce global GDP compared with not overshooting it, even if economic damages were lower than we expect. The economic consequences for the global economy could be profound.

    So, what can we say for certain? First, that temporarily overshooting 1.5°C would be more costly to society and to the natural world than not overshooting it. Second, our projections are relatively conservative. It is likely that impacts would be worse, and possibly much worse, than we estimate.

    Fundamentally, every increment of global temperature rise will worsen impacts on us and the rest of the natural world. We should aim to minimise global warming as much as possible, rather than focus on a particular target.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.

    Paul Dodds has received funding from the UK government through the Climate Services for a Net Zero World (CS-N0W) programme. While the UK government set the research questions for the study, it was carried out independently by scientists from nine organisations. Dodds has also received funding for other research projects from a range of organisations, including UK Research and Innovation organisations (Engineering and Physical Sciences Research Council and the Natural Environment Research Council); the IEA Energy Technology Systems Analysis Program (ETSAP); and private organisations (National Grid; Fuels Industry UK; Johnson Matthey; Cadent). A team at UCL led by Paul Dodds jointly develops the UK TIMES energy system model in a partnership with the UK government. This model was not used in this study.

    – ref. Overshooting 1.5°C: even temporary warming above globally agreed temperature limit could have permanent consequences – https://theconversation.com/overshooting-1-5-c-even-temporary-warming-above-globally-agreed-temperature-limit-could-have-permanent-consequences-255523

    MIL OSI – Global Reports –

  • MIL-OSI Security: IAEA Database Reveals Scale of Issue with Dietary Self-Reporting

    Source: International Atomic Energy Agency – IAEA

    A new equation is helping scientists check the reliability of people’s reports about what they eat, supporting better nutrition research.

    A new equation, developed using data from an IAEA nutrition database, is helping researchers assess the accuracy of self-reported dietary information in studies and surveys.

    This equation, developed using machine learning, has revealed that close to a third of records in two widely used nutritional datasets were likely to be misreported, according to a recent scientific article published in Nature Food.

    This revelation underlines the need for better methods to measure what people really eat.

    Nutritional epidemiology, a field that examines the link between diet and human diseases, commonly relies on tools such as questionnaires and food diaries to assess dietary intake. However, these methods are prone to misreporting, as participants may inaccurately estimate portion sizes, misremember what they ate, intentionally misstate their consumption, or even alter their eating habits during the reporting period.

    “Many nutritional epidemiology studies that try to link dietary exposure to disease outcomes are based on unreliable data, which can explain why many findings contradict each other,” said John Speakman, one of the paper’s authors and a professor at the Shenzhen Institute of Advanced Technology in China and the University of Aberdeen in the United Kingdom.

    While the issue of misreporting and its impact on metabolic research has been recognized since the 1980s, studies continue to use these tools due to their perceived utility and the lack of practical and accessible alternatives for collecting dietary data.

    MIL Security OSI –

  • MIL-OSI USA: HERO’s Mission: An Elevator Part Could Bolster Marine Energy Technologies

    Source: US National Renewable Energy Laboratory

    Latest HERO WEC Mission Status Update Examines How a Polyurethane Belt Could Improve Reliability of Wave Energy Converters

    The HERO WEC’s original wire rope runs from the WEC to the floor, where it’s anchored beneath the large-amplitude motion platform. Photo by Taylor Mankle, NREL

    The National Renewable Energy Laboratory’s (NREL’s) wave-powered desalination research is charting new waters by improving the robustness, reliability, and deployability of the hydraulic and electric reverse osmosis wave energy converter—or HERO WEC.

    To do this, the team will modify different components on the device and test the revised design. Researchers have already started with the winch line, swapping the original wire rope with an upgraded polyurethane flat belt, which overperformed in initial lab testing.

    The HERO WEC, which is funded by the U.S. Department of Energy’s Water Power Technologies Office (WPTO), can operate using either a hydraulic or an electrical configuration to pump seawater through an onshore reverse osmosis system and produce fresh drinking water (a process called desalination). NREL researchers began designing the HERO WEC in 2020, and after hundreds of hours of testing, which consisted of three in-lab programs and five ocean installations, the team is retiring version one and drawing on lessons learned to design version two.

    But why start with the winch system? Because the research team knew it was the HERO WEC’s weakest link.

    The wire rope used in the original winch system, which ran from the raft-like WEC to an anchor on the seafloor, did serve its intended purpose by acting as a mooring line to prevent the device from drifting while allowing it to move up and down with the motion of the waves. But a wire rope can only take so much force before it wears, frays, and breaks—especially as it moves through pulleys in the harsh ocean environment, where corrosion and storm resistance can be a significant challenge.

    That is why the team replaced it with a polyurethane flat belt (something that is typically used for elevator pulleys). These sturdy belts are made of tiny strands of wire rope encased in polyurethane. This configuration helps evenly distribute force, alleviating stress on the belt and allowing it to withstand the large anchor loads. The polyurethane coating, a durable and affordable synthetic material that is also waterproof, helps to mitigate wear and corrosion.

    The photo shows the new polyurethane belt that will replace the HERO WEC’s original wire rope. Photo by Taylor Mankle, NREL

    The team tested the new belt on NREL’s large-amplitude motion platform, running it for about 30,000 wave cycles (approximately how many wave cycles it would face during a typical two- to four-week ocean deployment). Even after thousands of test cycles, the belt still showed no visible signs of wear, indicating a much longer lifespan. Based on the team’s models and motion platform data, the team predicts that this type of belt should last one or two years in the ocean before needing to be replaced

    Researchers also tested the belt under a range of stressful (simulated) ocean conditions, pushing the belt to see if it would slip, fold, or wind/unwind faster than it should. They found that the belt showed no sign of slippage or tangling, confirming that the belt is a promising upgrade to the HERO WEC’s design. Because of its durability, a belt like this could significantly enhance reliability, allow for longer deployments, reduce maintenance, and ultimately increase freshwater production.

    If the polyurethane belt performs well during ocean testing, these preliminary research findings will not only prove promising for NREL’s wave-powered desalination research but also advance the reliability of marine energy technologies across the board. Results from the HERO WEC belt testing are available to other researchers and developers. These initial findings could serve as a stepping stone for marine energy developers looking to both de-risk and enhance their existing WEC designs.

    Because the belt has proven to be so robust, the research team is using it as a cornerstone for designing HERO WEC V2. Building on this durable winch system, researchers will now focus on other HERO WEC components to further improve its reliability.

    Stay tuned for more HERO WEC design updates, test results, and project milestones.

    Learn more about NREL’s research in marine energy and the HERO WEC device and its open-source data. Then, subscribe to The Current—NREL’s water power newsletter—to stay up to date on the latest research.

    MIL OSI USA News –

  • MIL-OSI Africa: Deputy President in France for a working visit

    Source: South Africa News Agency

    Deputy President Paul Mashatile has on Monday arrived in Paris, France, for a working visit aimed at reinforcing South Africa’s historic and warm bilateral relations with that country.

    During the working visit, the two countries will be expanding on existing cooperation projects as well as identify new areas of cooperation with specific focus on trade and investment.

    The Deputy President’s visit follows a recent visit by Minister of International Relations and Cooperation, Ronald Lamola, last week to co-chair the 9th Session of the Forum for Political Dialogue (FPD) where the status of bilateral political relations between the two countries was discussed, including matters of mutual interest relating to international developments. 

    “Deputy President Mashatile will participate in the SA-France Investment Conference, where South Africa will intensify cooperation in the fields of infrastructure development; science, technology and innovation; education and skills development as well as improve the already strong people-to-people links between the two countries and increase the flow of tourism to South Africa from France,” said the Presidency in a statement.

    It said France is the 14th largest investor in South Africa, with about 400 French companies investing in sectors such as Financial Services, Renewable Energy, Rail, Chemicals, Oil and Gas, to mention but a few.

    “French companies have played a pivotal role in the Presidential Investment Conference. 

    “Since the first Presidential Investment Conference hosted in 2018, French companies have committed more than R70 billion with the majority of projects either completed or being implemented. “ 

    As part of his programme, Deputy President Mashatile will pay a courtesy call on Emmanuel Macron, President of the French Republic, meet with captains of different industries and conduct site visits to the Suez Global Waste Management Company and Dassault Systèmes.

    The Deputy President is accompanied by Minister of Health Aaron Motsoaledi; Minister of Small Business Development Stella Ndabeni-Abrahams; Minister of Transport Barbara Creecy; Minister of Sports, Arts and Culture Gayton McKenzie; Minister of Tourism Patricia de Lille; Deputy Minister of International Relations and Cooperation Alvin Botes; Deputy Minister of Higher Education and Training Buti Manamela; Deputy Minister Trade, Industry and Competition Zuko Godlimpi and Deputy Minister of Electricity and Energy Samantha Graham-Maré. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI USA: Kaptur, Murray Call for Energy Department to Reverse New, Expanded Caps on Indirect Research Costs

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    ICYMI: Kaptur, Murray call for reversal of arbitrary cap on DOE-funded research — a policy already blocked in federal court for university grants

    Washington, DC — Today, Congresswoman Marcy Kaptur (OH-09), Ranking Member of the House Appropriations Subcommittee on Energy and Water Development, and Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee and Ranking Member of the Subcommittee on Energy and Water Development, sent a letter to Department of Energy (DOE) Secretary Chris Wright expressing deep concern about the Department’s recently announced caps on indirect costs for DOE research for a variety of recipients. The new caps, which follow the Department’s previously announced arbitrary cap on indirect costs for research at universities, will jeopardize critical research and innovation — and Kaptur and Murray call for the immediate reversal of the policy.

    “We write in response to the Department of Energy’s (DOE) decision to impose sweeping new caps on indirect cost rates across a wide spectrum of its funding recipients — including state and local governments, non-profit organizations, and for-profit partners,” write Kaptur and Murray. “Capping indirect cost rates far below their current values compounds the detrimental policy you have already announced cutting funding for university-led research, and these proposed cuts put energy innovation and economic development in communities across the country at serious risk.”

    The lawmakers note the policy will disproportionately hurt smaller research institutions: “Ultimately, this policy threatens to prevent smaller, under-resourced organizations from getting the support they need to conduct cutting-edge research, which will stifle innovation in regions that need investment the most.”

    “If left to stand, the consequences of these cuts will be severe: multi-sector collaboration will be chilled, community-led innovation efforts across the US will be disrupted, and thousands of jobs supporting energy and infrastructure will be at risk. This abrupt policy change will undercut the very institutions — state and local governments, non-profits, and research organizations — that drive energy innovation, workforce development, and clean energy solutions in local communities,” Kaptur and Murray write.

    They conclude by calling for an immediate reversal of the policies and demanding answers on how the Department determined the caps, whether it consulted with stakeholders, and whether it considered the economic consequences.

    The full letter is available HERE and below:

    The Honorable Christopher Wright
    Secretary of Energy
    U.S. Department of Energy
    1000 Independence Avenue, SW
    Washington, DC 20585

    Dear Secretary Wright,

    We write in response to the Department of Energy’s (DOE) decision to impose sweeping new caps on indirect cost rates across a wide spectrum of its funding recipients — including state and local governments, non-profit organizations, and for-profit partners. While direct costs support salaries, supplies, and equipment, indirect costs provide essential support for general operations and infrastructure. Capping indirect cost rates far below their current values compounds the detrimental policy you have already announced cutting funding for university-led research, and these proposed cuts put energy innovation and economic development in communities across the country at serious risk. Like so many actions your Department has already taken, these new cuts will also raise energy costs for American families and businesses.

    By imposing an arbitrary, inflexible cap of 10 or 15% on indirect costs — regardless of organizational type, mission, or financial structure — the Department is undermining the ability of its grantees and partners to deliver on DOE’s core priorities. Ultimately, this policy threatens to prevent smaller, under-resourced organizations from getting the support they need to conduct cutting-edge research, which will stifle innovation in regions that need investment the most. These indirect cost caps disregard the essential infrastructure required to administer safe, scalable, and high-impact projects.

    Local governments and non-profits, already stretched thin, now face arbitrary limitations that will squash efforts to fortify electricity grids to be robust to storms and other disruptions, initiatives to ensure all community members can access affordable and reliable energy, and emerging technology deployment at the local level.

    If left to stand, the consequences of these cuts will be severe: multi-sector collaboration will be chilled, community-led innovation efforts across the US will be disrupted, and thousands of jobs supporting energy and infrastructure will be at risk. This abrupt policy change will undercut the very institutions — state and local governments, non-profits, and research organizations — that drive energy innovation, workforce development, and clean energy solutions in local communities. America’s energy future must be built on strong partnerships — not policies that penalize those on the front lines of progress.

    These abrupt changes have been announced without the transparency you have promised, without public engagement, and without any meaningful justification. Worse, they appear to ignore the diverse cost structures and compliance burdens that entities must absorb to responsibly manage federal funds. These are not “wasteful” administrative expenses — they are essential costs of conducting federally sponsored research that benefits the American people.

    We reiterate our call to immediately reverse these harmful caps, urge you to engage stakeholders and experts in crafting any future reforms, and request written responses to the following questions by no later than May 30:

    1. What will happen to existing (conditional and nonconditional) awards if they do not meet the new terms and conditions in this policy?
    2. What data and models did DOE use to conclude that a uniform 10 or 15% cap would be sufficient and sustainable across such varied institutional types (e.g., local governments, non-profits, for-profits)? Will DOE release this analysis publicly?
    3. How does DOE justify this cap given that many organizations and governments currently operate with indirect cost rates significantly higher than the new proposed cap?
    4. How does DOE reconcile these cost caps with existing negotiated indirect cost rates under OMB Circulars and 2 CFR 200, particularly where they exceed the new ceilings?
    5. What outreach or consultation — if any — did DOE undertake with non-profit, municipal, or private-sector stakeholders prior to issuing these policy changes?
    6. What specific exemptions, waivers, or appeal mechanisms will DOE make available for awards where capped indirect costs would result in program delays, layoffs, or funding shortfalls?
    7. Has DOE assessed the potential regional economic and workforce consequences of capping indirect costs on state, local, and non-profit implementation partners? If so, will DOE release that analysis publicly?

    We look forward to your responses and attention to this critical issue.

    Sincerely,  

    # # #

    MIL OSI USA News –

  • MIL-OSI Security: Two More Defendants Plead Guilty in Bank Fraud and Identity Theft Conspiracy

    Source: Office of United States Attorneys

    ALBANY, NEW YORK – Kani Bassie, age 36, of Brooklyn, New York, and Jermon Brooks, age 20, of Richmond, Virginia, pled guilty last week to their roles in a multi-million-dollar bank fraud conspiracy led by Oluwaseun Adekoya, age 39, a Nigerian citizen.  United States Attorney John A. Sarcone III and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI), made the announcement.

    Bassie and Brooks admitted that they were members of a conspiracy to defraud financial institutions all over the country by obtaining the personal identifying information (“PII”) of individuals and using lower-level “workers” to impersonate the identity-theft victims to conduct fraudulent banking transactions in their names.  Bassie and Brooks supervised and oversaw lower-level coconspirators who withdrew hundreds of thousands of dollars from identity-theft victims in the Northern District of New York and all over the country.  Bassie admitted to conspiring with alleged ringleader Adekoya to launder bank fraud proceeds in transactions designed to conceal and disguise the nature, location, source, ownership, and control of the proceeds and to use bank fraud proceeds to reinvest in the ongoing conspiracy. 

    Adekoya, the alleged ringleader of the conspiracy, faces trial beginning June 9, 2025 before United States District Judge Mae A. D’Agostino on a second superseding indictment charging him with one count of conspiracy to commit bank fraud, one count of money laundering conspiracy, and nine counts of aggravated identity theft. The charges against Adekoya in the second superseding indictment are merely accusations. He is presumed innocent unless and until proven guilty.

    “And then there was one,” United States Attorney Sarcone said.  “We look forward to trial. We appreciate the efforts of the FBI, and many other law enforcement partners across the country, in uncovering this scheme.”

    FBI Special Agent in Charge Tremaroli stated: “The FBI takes very seriously our responsibility to investigate and pursue those who commit fraud for personal gain. We will continue working with our law enforcement partners to hold accountable those who use illegal means and criminal behavior to take advantage of others.”

    The prosecution is the result of an ongoing investigation led by the U.S. Attorney’s Office and FBI Albany Field Office, which began after the May 2022 arrest of David Daniyan, a/k/a “Bamikole Laniyan,” a/k/a “David Enfield,” a/k/a “Africa,” age 60, of Brooklyn, New York, Gaysha Kennedy, age 46, of Brooklyn, and Victor Barriera, age 64, of the Bronx, New York, by the Cohoes Police Department after the trio traveled to the Capital Region to commit bank fraud.  According to documents previously filed in the case, the investigation has uncovered over $2 million in fraudulent transactions to date.  Thirteen defendants have pled guilty and forfeited hundreds of thousands of dollars in proceeds, luxury apparel, and jewelry.

    At sentencing later this year, Bassie and Brooks face a maximum term of 30 years’ incarceration for the bank fraud conspiracy, Bassie faces a maximum term of 20 years’ incarceration for the money laundering conspiracy, and Bassie and Brooks face a mandatory consecutive term of 2 years’ incarceration for their convictions of aggravated identity theft.  The defendants will be ordered to pay restitution and will also face a term of post-incarceration supervised release of up to 5 years. 

    FBI Albany is investigating the case, with assistance from the FBI Field Offices in New York, Newark, Richmond and Resident Agencies in Westchester, New York; Brooklyn/Queens, New York; Garrett Mountain, New Jersey; and Fort Walton Beach, Florida.  Additional assistance was provided by other law enforcement agencies, including Immigration and Customs Enforcement – Enforcement & Removal Operations (New York Field Office & Albany sub-office); U.S. Department of State Diplomatic Security Service (Buffalo Field Office & St. Albans Resident Office); U.S. Social Security Administration – Office of the Inspector General; New York law enforcement agencies including the New York State Police; Cohoes PD; Colonie PD; Elmira PD; Corning PD; Plattsburgh PD; Florida law enforcement agencies including the Okaloosa County Sheriff’s Office and Escambia County Sheriff’s Office; the Pennsylvania State Police; Alabama law enforcement agencies including the Calhoun County Sheriff’s Office, Gasden PD, and Rainbow City PD; Georgia law enforcement agencies including the Georgia State Patrol, Bartow County Sheriff’s Office, and Morrow PD; Kansas law enforcement agencies including Lawrence PD and Overland Park PD; New Hampshire law enforcement agencies including Rochester PD, Manchester PD, and Amherst PD; the Delaware State Police; Maryland law enforcement agencies including the Maryland State Police, Harford County Sheriff’s Office and Baltimore County Sheriff’s Office; Wisconsin law enforcement agencies including Onalaska PD and Eau Claire PD; and Indiana law enforcement agencies including the Allen County Sheriff’s Office.

    Assistant United States Attorneys Benjamin S. Clark, Mathew M. Paulbeck, and Joshua R. Rosenthal are prosecuting this case.

    MIL Security OSI –

  • MIL-OSI USA: U.S. hydropower generation expected to rise by 7% in 2025 following last year’s record low

    Source: US Energy Information Administration

    In-brief analysis

    May 19, 2025

    We expect U.S. hydropower generation will increase by 7.5% in 2025 but will remain 2.4% below the 10-year average in our May Short-Term Energy Outlook (STEO). Hydropower generation in 2024 fell to 241 billion kilowatthours (BkWh), the lowest since at least 2010; in 2025, we expect generation will be 259.1 BkWh. This amount of generation would represent 6% of the electricity generation in the country.

    About half of the hydropower generating capacity in the country is in the western states of Washington, Oregon, and California, so we closely monitor precipitation patterns in this region to inform our hydropower outlook.

    Precipitation conditions have been mixed across the western United States since October. According to the WestWide Drought Tracker, more precipitation than normal has fallen in northern California, Oregon, and the eastern half of Washington state. Some areas in southeastern Oregon received record precipitation between October 2024 and April 2025. In contrast, precipitation was below normal in parts of Washington, Montana, Idaho, and Southern California.

    Accumulation from winter precipitation tends to peak by April 1. The snowpack accumulation at higher elevations serves as a natural reservoir that melts gradually as temperatures rise in the late spring and early summer, leading to increased waterflow through dams.

    Northwest and Rockies
    We expect hydropower generation in the Northwest and Rockies region to be 125.1 BkWh, which is a 17% increase compared with 2024 and 4% less than the 10-year average. Our hydropower forecast is informed by the water supply outlook from the National Oceanic and Atmospheric Administration’s Northwest River Forecast Center (NWRFC).

    On May 1, NWRFC released its latest April–September water supply forecast for the Pacific Northwest, part of the larger Northwest and Rockies region as modeled in the STEO. The NWRFC forecasts the region will have a below-normal water supply compared with the past 30 years in the northern portion of the basin, which includes the Upper Columbia River Basin, and above- to near-normal water supply in the southern portion, which includes the Snake River Basin. Water supply conditions at The Dalles Dam, located near the mouth of the Columbia River on the border between Washington and Oregon, reflect those of the upstream Columbia River system. The forecast at The Dalles Dam as of May 1 was 85% of normal for the same period.

    California
    We forecast hydropower generation in California to be 28.5 BkWh in our May STEO, which is 6% less than last year’s generation. This total would be 15% more than the 10-year average.

    As of April 1, reservoir levels in most major reservoirs in California were above the historical average for this time of year. The two largest reservoirs in the state, Shasta and Oroville, were at 113% and 121% of the historical average, respectively. According to the California Department of Water Resources, snowpack conditions as of April 1 were at 118% of normal for the Northern Sierra Nevada, 92% for Central Sierra, and 83% in Southern Sierra Nevada regions. Warmer-than-normal temperatures in April led to some early snowmelt across the state. As of the beginning of May, snowpack conditions were at 81% of normal for the Northern Sierra Nevada, 73% for Central Sierra, and 53% for the Southern Sierra portion.

    Principal contributor: Lindsay Aramayo

    MIL OSI USA News –

  • MIL-OSI Russia: XX Rosneft Summer Sports Games Start in Tuapse

    Translation. Region: Russian Federal

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    The first qualifying round of the XX Rosneft Summer Sports Games was held in Tuapse. Athletes from eight teams from Kuban, Tyumen, Bashkortostan and Yamal took part in the sports festival.

    Sports development is one of the main areas of Rosneft’s social policy. The company annually holds Summer and Winter Sports Games – the most popular events, in which thousands of oil workers take part.

    Traditionally, the Summer Games consist of a qualifying round and a final. This year, the qualifying rounds are held in May and June in nine cities across the country. About 80 teams from various Rosneft subsidiaries will take part in the competition. The program of the anniversary games consists of 13 disciplines: mini-football, volleyball, basketball, table tennis, running, shot put, kettlebell snatch, chess, shooting, powerlifting, tug-of-war and billiards. A new discipline has also been added – freestyle swimming.

    During the first qualifying round in Tuapse, 106 sets of awards were contested in individual and team standings.

    In many sports disciplines there was an equal and tough fight, the athletes demonstrated willpower, team spirit and high results. Thus, an employee of the Tuapse Oil Refinery performed 233 kettlebell snatch lifts, and an employee of Purneftegaz pushed the shot 12.33 meters.

    As a result of a tough three-day struggle, the teams of Purneftegaz and Tuapse Oil Refinery won tickets to the final part of the XX Rosneft Summer Sports Games.

    The qualifying rounds of the Rosneft Summer Games will also take place in Ryazan, Tyumen, Angarsk, Krasnodar, Samara, Khanty-Mansiysk, Ufa and Krasnoyarsk. The finals of the competition will take place in Sochi in the fall.

    Reference:

    Rosneft’s first mass sports competitions took place in 2005. Since then, competitions have become part of the Company’s corporate culture. The Summer Games are a striking example of effective promotion of a healthy lifestyle, strengthening the spirit of camaraderie and supporting mass sports. In 2024, over 2,800 Company employees from 74 subsidiaries took part in the competitions.

    Rosneft athletes also take part in all major mass sports competitions held in our country and win prizes.

    The Company has a corporate sports and health movement called “Energy of Life”, within the framework of which employees regularly engage in sports and compete in various sports disciplines. In 2024, the total number of movement participants reached 128 thousand employees. At the same time, more than 92 thousand employees took part in competitions in various sports.

    Department of Information and Advertising of PJSC NK Rosneft May 19, 2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Enphase Energy Launches IQ Energy Management Solution in France

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., May 19, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today introduced IQ® Energy Management that integrates with Enphase solar and battery systems to enable smart management of variable electricity rates and select third-party electric vehicle (EV) chargers, heat pumps, and resistive electric water heaters in France. Homeowners can save money and maximize self-consumption through artificial intelligence (AI)-driven management of key home energy appliances – all controlled from the Enphase® App.

    In France, electrification is booming, with EV deployments up 400% since 2020 and a goal to manufacture one million new heat pumps by 2027. Recent data also shows that approximately 40% of all homes in France – 15 million homes – use electric water heaters, which can represent up to 20% of a household’s energy consumption. The IQ Energy Management solution consists of the IQ® Energy Router™ suite of products which comes with a 5-year warranty in France and works with leading EV chargers, heat pumps, and resistive electric water heaters.

    “Enphase’s IQ Energy Management is a smart solution for managing key home appliances more efficiently,” said Ludovic Vallée, general manager at Sun7, an installer of Enphase products in France. “It helps our customers maximize their solar energy use by intelligently managing EV chargers, heat pumps, and water heaters, ultimately helping users lower their energy costs and boosting energy independence.”

    “As more homeowners in France turn to smart energy solutions, they’re looking for flexibility and savings,” said Kevin Arteaga, manager at SAS Les Panneaux Solaires, an installer of Enphase products in France. “IQ Energy Management with the IQ Energy Router gives them the tools to better manage when and how they use electricity, helping them get the most out of their solar energy systems.”

    “This is a major step forward for smart energy solutions for residential homes in France,” said Alexandre Sibut, co-manager at Activ’Environnement 38, a Platinum level installer of Enphase products in France. “With significant annual savings potential on electricity bills, IQ Energy Management helps our customers to improve their self-consumption rate by steering excess production to critical energy needs and thus optimizing their solar investment.”

    “As part of our vision for smarter, more flexible energy management, we’re proud to offer homeowners in France a powerful solution to get more value from their solar,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “IQ Energy Management makes it possible to optimize electricity usage across key appliances using the Enphase App, driving savings, self-consumption, and energy resilience – all from one intelligent system.”

    For more information, please visit Enphase’s website for IQ Energy Management and the IQ Energy Router suite of products in France.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power – and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ8, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; Enphase Energy’s expectations of homeowners’ ability to save money and maximize self-consumption through the intelligent management of these key home electricity appliances and statements regarding the timing and availability Enphase Energy’s products in France. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI Global: Introducing The Conversation and the BBC’s Secrets of the Sea – my journey to meet six marine scientists pioneering ocean solutions

    Source: The Conversation – UK – By Anna Turns, Senior Environment Editor

    Senior environment editor Anna Turns with BBC radio producer Jo Loosemore CC BY-NC-ND

    After a long drive to Godrevy lighthouse near St Ives in Cornwall, the wind is blowing and the waves are crashing. I’m here with BBC radio producer Jo Loosemore, on a roadtrip to meet some of the marine scientists researching how ocean health is vital to our future.

    As we squeeze between crevices in the cliffs to shelter from the elements at Godrevy beach, I interview Ed Gasson, a glaciologist at the University of Exeter. His story is full of surprises.

    Jo Loosemore with Anna Turns on Godrevy beach.
    Ed Gasson, CC BY-NC-ND

    This corner of north Cornwall is one I have visited many times, usually on bright, sunny days during weekend getaways or family holidays. I’ve gazed at the lighthouse, enjoyed spotting seals on the rocks beneath, and sat with both icecream and binoculars in hand on the benches by the coast path.

    But I had never looked closely at these cliffs below, until now. And I could never have guessed that this coastline had any connections to the ice age, the Antarctic or sea-level rise.

    In a collaboration between The Conversation and BBC South West, Secrets of the Sea is a new series that showcases local stories with global significance. World experts based across Devon and Cornwall are at the forefront of marine research into seaweeds and seagrass, seabed restoration and offshore shellfish farming.

    Prepping to record inside the National Maritime Museum of Cornwall.
    Jo Loosemore, CC BY-NC-ND

    From the rocky foreshore in Torquay to the mussel-covered pontoons of Plymouth harbour, I’ve been speaking to scientists about their work, their passions and the potential for our oceans to hold the key to climate resilience. Healthier seas mean our planet will be much better able to weather the stormy seas of the climate crisis.

    Each of the six radio programmes and accompanying articles delves into a different aspect of our oceans. Through 19th-century archives, in tiny test tubes on a lab bench, or inside a walk-in fridge full of marine fungi, this series explores creative ways to study ocean health. So, join me on BBC Sounds and here at The Conversation to go beneath the waves with a sense of wonder – and optimism.

    Listen to a mini-series of four short episodes on BBC Radio Devon from May 20-23 here. The full six-part series will air weekly from May 23 at 8.30pm on BBC Radio Devon and BBC Radio Cornwall.


    Local science, global stories.

    In collaboration with the BBC, Anna Turns travels around the West Country coastline to meet ocean experts making exciting discoveries beneath the waves.

    This article is part of a series, Secrets of the Sea, exploring how marine scientists are developing climate solutions.

    – ref. Introducing The Conversation and the BBC’s Secrets of the Sea – my journey to meet six marine scientists pioneering ocean solutions – https://theconversation.com/introducing-the-conversation-and-the-bbcs-secrets-of-the-sea-my-journey-to-meet-six-marine-scientists-pioneering-ocean-solutions-249981

    MIL OSI – Global Reports –

  • MIL-OSI: Infinium will deploy Electric Hydrogen’s electrolyzer plant at large-scale eFuels facility in Texas

    Source: GlobeNewswire (MIL-OSI)

    PECOS, Texas, May 19, 2025 (GLOBE NEWSWIRE) — Electric Hydrogen, an American manufacturer of high-power electrolyzer plants, announced today that Infinium, a leading producer of commercial eFuels, has selected Electric Hydrogen’s 100 megawatt (MW) HYPRPlant for its large-scale eFuels facility in Texas, Project Roadrunner.

    Electric Hydrogen’s HYPRPlant is a complete solution that lowers hydrogen total installed project cost by up to 60% relative to other electrolyzer solutions. The company manufactures HYPRPlants in the United States: its proprietary electrochemical stacks are built in Electric Hydrogen’s Massachusetts gigafactory while the chemical process modules are manufactured in Texas, drawing on strong local expertise from the oil and gas industry. Electric Hydrogen’s innovative technology and modular manufacturing approach make the HYPRPlant less expensive and more reliable than imported Chinese product, enhancing American energy technology leadership and competitiveness.

    “We are very pleased to be working with Electric Hydrogen and have been impressed with the HYPRPlant design and commercial package,” said Robert Schuetzle, CEO of Infinium. “Low-cost renewable hydrogen is a critical component to eFuel production, and the industry needs the kind of innovation and thoughtful execution we have seen from Electric Hydrogen.”

    Once production begins, Project Roadrunner—expected to be the largest eFuels production facility in the world—will produce sustainable aviation fuel (eSAF), eDiesel and eNaphtha from CO2, power and water for the aviation, heavy-duty trucking, plastics and maritime sectors. The project will bolster American technological advances and bring skilled jobs and economic growth to West Texas. Many of those workers are expected to bring skills and expertise they developed in the oil and gas sector. The facility is projected to commence commercial e-fuels production in 2027.

    “This cutting-edge project exemplifies how low-cost, industrial-scale clean hydrogen production will drive new markets for American-made fuels and support the buildout of domestic manufacturing facilities,” said Raffi Garabedian, Electric Hydrogen’s CEO and Co-founder. “We’re honored to be selected as Infinium’s electrolyzer manufacturer of choice.”

    Brookfield Asset Management and Breakthrough Energy Catalyst are financing partners for Infinium’s Project Roadrunner, making it the world’s first large-scale project-financed eFuels project. The project will supply sustainable aviation fuel over a 10-year period to International Airlines Group (IAG), one of the largest airline companies in the world through subsidiaries Aer Lingus, British Airways, Iberia, LEVEL and Vueling.

    This project announcement follows the unveiling of HYPRPlant, the announcement of Electric Hydrogen’s strategic partnership with Texas-based Titan Production Equipment and the company’s selection as Uniper’s exclusive electrolysis partner for the 200MW Green Wilhemshaven project in Northern Germany.

    To learn more about Electric Hydrogen’s HYPRPlant, visit https://eh2.com/.

    About Electric Hydrogen 
    Electric Hydrogen manufactures, delivers and commissions the world’s most powerful electrolyzers to make clean hydrogen projects economically viable today. The company’s complete HYPRPlant includes all system components required to turn water and electricity into the lowest cost clean hydrogen. Electric Hydrogen has a team of more than 300 people in the United States and Europe. The company was founded in 2020 and is headquartered in Devens, Massachusetts. To learn more about how critical industries leverage Electric Hydrogen’s advanced proton exchange membrane (PEM) technology, visit https://eh2.com/.

    About Infinium
    Infinium is a leading provider of gas conversion solutions and developer of eFuels projects. Our offerings include ultra-low carbon synthetic eFuels, solutions enabling monetization of flare gas and RNG, and patented technology designed to support the rapidly evolving energy industry. Infinium is a company of “firsts”—the first to produce commercial volumes of power-to-liquid clean eFuels; the first to develop and deploy modular gas conversion technology; and the only clean fuels innovator offering end-to-end solutions to customers at every step in their energy journey. Industry leaders including Amazon, American Airlines, Borealis and IAG are customers of Infinium. Learn more at www.infiniumco.com.

    Contact
    V2 Communications for Electric Hydrogen
    electrichydrogen@v2comms.com

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3117612d-0390-47a5-95db-6815670b9948

    https://www.globenewswire.com/NewsRoom/AttachmentNg/99612c8f-dd87-434c-af24-cb006611fd8a

    The MIL Network –

  • MIL-OSI: LIS Technologies Inc. to Unleash American Energy: Closing of Third Consecutive Oversubscribed Funding Round of $11.93M and Totaling Over $47M to Rebirth the Only United States Origin and Patented Technology for Laser Uranium Enrichment

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, May 19, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has closed its third consecutive oversubscribed funding round of $11.93 million and now totaling over $47 Million raised to date. The round drew continued support from repeat investors, including Innovating Capital, alongside other prominent, seasoned and industry investors in advanced nuclear technology.

    Due to a growing appetite within the United States for a robust domestic nuclear fuel supply chain, alongside strong support from returning investors, the Company’s recent financing round was oversubscribed. The raise underscores LIST’s position as an emerging leader in the United States enriched uranium fuel market and validates the Company’s success in attracting and retaining top researchers, scientists, regulatory experts and former U.S. national leaders to help drive the revival of the nation’s only patented laser‑enrichment technology.

    “Despite the volatile market conditions of this year, we continue to deliver on our objectives, and investors clearly recognize the value of our progress,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “This marks our third consecutive oversubscribed financing round, highlighting investor’s confidence in LIST’s seasoned management team and our mission to revive the only U.S.‑origin, patented laser enrichment technology, which was independently evaluated and determined to meet all elements required for TRL-4, conforming to the Department of Energy guide DOE G 413.3-4A. We are here to answer the call and help build back the United States’ nuclear capabilities, support a reliable, robust domestic fuel supply for current civil nuclear reactors, microreactors, small modular reactors and to truly unleash American energy.”

    In late 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    The Company’s proprietary Condensation Repression Isotope Selective Laser Activation (CRISLA) technology is the world’s only proven U.S.-origin and patented advanced laser enrichment solution. Optimized for Low-Enriched Uranium (LEU), which is crucial for the continued operation of the United States’ current fleet of 94 nuclear reactors, and High-Assay Low-Enriched Uranium (HALEU), which is required to power the next generation of advanced nuclear reactors, CRISLA overcomes many of the complexities and limitations of traditional 16um CO2 lasers, featuring a streamlined design due to its lower absorption and shorter wavelength at 5.3µm. The CRISLA-3G laser isotope separation technology was recently evaluated and determined to meet all elements required for TRL-4, conforming to the Department of Energy guide DOE G 413.3-4A and is protected by a patent from the United States Patent and Trademark Office (USPTO).

    “The success of this and our previous raises underscores the confidence that investors have in our mission, team and technology,” said Christo Liebenberg, Co-Founder and CEO of LIS Technologies Inc. “This raise will enable us to continue growing operations, add more senior technical engineers, regulatory leaders and to rapidly advance our projects, which would be closer to demonstration activities crucial for meeting the Company’s growth objectives.”

    The funding secured in this raise will enable the Company to advance into its next phase of growth. This includes systems engineering, integration and testing of our Test Demonstration Facility in our newly upgraded laboratories in Oak Ridge TN, while also developing LIST’s own proprietary lasers in the United States. Our goal over the next couple years is to not only repeat earlier baseline results, but to optimize it, and then demonstrate that our technology can produce LEU in a single stage, and HALEU in two stages, with fully scaled and industrialized equipment. The funding also allows us to diversify the CRISLA technology into stable isotopes and medical isotopes.

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:
    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on X Platform
    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    The MIL Network –

  • MIL-OSI United Kingdom: Residents welcome to find free support at city’s next Help at the Hub event in Low Hill

    Source: City of Wolverhampton

    Help at the Hub will see a wide variety of city organisations offer advice and information to residents. The event will take place on Tuesday 3 June between 11am and 2pm in the main hall of Low Hill Community Centre, Kempthorne Avenue, Low Hill, WV10 9JJ.

    The event has been organised by officers at the council’s Public Protection Scams Team who will be handing out free scams awareness and prevention packs.

    Residents with concerns can speak with advisors from Act on Energy, Alzheimer’s Society, Aquarius, Citizens Advice, Neighbourhood Safety Co-ordinator, Public Protection, Revenue & Benefits, Severn Trent, SUIT, Talking Therapies, Terrific for Twos, West Midlands Police, Wolverhampton City Credit Union, City of Wolverhampton College, Wolves Foundation and Wolverhampton Homes.

    People are welcome to drop in and speak to any number of the organisations for free help and assistance.

    Councillor Bhupinder Gakhal, City of Wolverhampton Council’s cabinet member for resident services, said: “Once again, we are heading out into the community with another Help at the Hub event.

    “These free help days have become regular fixtures in the city’s calendar and I am pleased to see that they continue to prove popular with residents.

    “On 3 June, officers and organisations will be in Low Hill and they will be covering a wide range of topics, from energy questions and health concerns to giving out safety and protection advice.

    “Whatever your worry, don’t face it on your own. Come along and get some friendly help and support.”

    Residents do not have to book an appointment but are asked to please be prepared to wait if the event is busy. 

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Delegation of Norilsk Nickel’s Polar Transport Branch visited Polytech

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    A delegation from Norilsk Nickel’s Polar Transport Branch visited Peter the Great St. Petersburg Polytechnic University to discuss cooperation with the Advanced Engineering School of SPbPU “Digital Engineering” and to get acquainted with the competencies of the Higher School of Industrial Management of the Institute of Industrial Management, Economics and Trade of SPbPU.

    The Norilsk Nickel Polar Transport Branch (the successor to the Dudinka Sea Port) is the main regional transport hub, providing for the vital functions of the entire Taimyr Dolgano-Nenets and Norilsk industrial regions. The branch processes 95% of all incoming cargo for the Norilsk Nickel Group of Companies and consumers on the Taimyr Peninsula, and ships its finished products to ships bound for ports in Russia and around the world. The port’s cargo turnover is about four million tons.

    Vice-Rector for Digital Transformation of SPbPU, Head of the Advanced Engineering School of SPbPU “Digital Engineering” Alexey Borovkov told the guests aboutestablished interaction with the Norilsk Nickel group of companies. Deputy Director for Improvement and Development of Production Activities of the Polar Transport Branch of Norilsk Nickel Sergey Lyashenko gave a presentation of the branch, presenting the main areas of its work and infrastructure.

    Sergey Lyashenko outlined potential areas of cooperation with the Advanced Engineering School of SPbPU “Digital Engineering” based on the tasks and challenges facing the Polar Transport Branch of Norilsk Nickel in the context of the development of the Northern Sea Route by the Norilsk Nickel group of companies and the corresponding increase in port cargo turnover. Among the key tasks, he noted the use of technologies to increase labor productivity and optimize the transfer of operational data to ensure the smooth operation of equipment along the entire port line, taking into account temperature restrictions and terrain. The guest also spoke about the existing barriers to the digitalization of the branch’s activities and the experience of overcoming them.

    Sergey Vladimirovich emphasized the interest in the competencies of the SPbPU PISh in the field of mathematical and computer modeling to solve the problems of automating all processes of the activities of the Polar Transport Branch of Norilsk Nickel, taking into account different scenarios and the state of technological equipment.

    We are interested in establishing cooperation with an authoritative scientific center represented by the Advanced Engineering School of the Polytechnic University, which has experience and knowledge in the field of advanced digital and production technologies, including big data management, mathematical and computer modeling, and can ensure the formation of correct data that we can use to justify certain management decisions, analyze the effectiveness of selected approaches and measures, as well as medium-term and long-term planning, said Sergey Kolesnik, Deputy Director for Commercial Activities of Norilsk Nickel’s Polar Transport Branch.

    Then the meeting participants discussed the vision of the final result of the interaction in the context of building visual analytics for production automation and data management on the state of the branch’s technological infrastructure, and also considered the predicted economic effect of the cooperation. Speaking about lost profits and ways to reduce the economic risks of enterprises, SPbPU Vice-Rector for Digital Transformation Alexey Borovkov gave an example of the work of SPbPU PISh specialists for the Gazprom Pererabotka Blagoveshchensk company following the accident at the Amur Gas Processing Plant on January 5, 2022.

    Every day of the plant’s downtime after the accident brought multimillion-dollar losses to Gazprom. Employees of the SPbPU PISh were involved in the accident investigation, and they prepared a scientific and technical report on its causes. This work not only made a significant contribution to the development of the fuel and energy complex of Russia in terms of preventing similar emergencies at high-tech facilities in the industry, but also proved that the use of advanced digital and production technologies has a positive economic effect, reducing the risk of accidents and preventing lost profits and costs of enterprises, – noted Alexey Ivanovich.

    Deputy Director of the Engineering Center (CompMechLab®) of SPbPU Nikolay Efimov-Soini briefly spoke about the technology of digital twins — the main technology of system digital engineering developed by the PISh SPbPU. Nikolay Konstantinovich described the technology and outlined its key advantages, demonstrated within the framework of joint R&D with representatives of ten industries.

    The participants of the working meeting defined further steps for interaction taking into account competencies and current tasks. They also considered the possibilities of corporate training in production organization technologies and the basics of the Lean Manufacturing concept using the computer simulator of the same name and other products. rulers, developed by specialists of the SPbPU PISh on the CML-Bench®.EDU Digital Platform, which is gradually developing as a separate area of the Digital Platform for the Development and Application of Digital Twins CML-Bench®.

    At the end of the working visit, the guests assessed the capabilities and infrastructure of the Polytechnic Supercomputer Center, which ensures the implementation ofDigital platform for the development and application of digital twins CML-Bench® science-intensive projects of the SPbPU Technological Development Ecosystem with leading high-tech companies and corporations of our country.

    After visiting the Advanced Engineering School of SPbPU “Digital Engineering”, the delegation of the Polar Transport Branch of Norilsk Nickel got acquainted with the competencies and achievements of specialists of the Higher School of Industrial Management of the Institute of Industrial Management, Economics and Trade of SPbPU and discussed possible areas of cooperation in educational and scientific activities in the field of logistics.

    Vice-Rector for Continuing and Pre-University Education at SPbPU Dmitry Tikhonov spoke about the possibility of effective cooperation in creating and implementing advanced training programs for employees of Norilsk Nickel’s Polar Transport Branch, including in a distance learning format, as well as preparing specialized classes of schoolchildren for the company.

    Director of the Higher School of Management of the Institute of Mechanical Engineering, Materials and Transport Olga Kalinina presented the experience of implementing educational projects related to logistics at the Higher School. In addition to training in the bachelor’s degree programs “International Logistics” and master’s degree program “International Logistics Systems”, Olga Vladimirovna noted the additional professional education program “Fundamentals of the Organization and Economics of Production in Metallurgy for Purchasing Management at Mechanical Engineering Enterprises”, successfully implemented jointly with the Higher School of Physics and Materials Technology of the Institute of Mechanical Engineering, Materials and Transport of St. Petersburg Polytechnic University for the Purchasing Directorate of JSC “Power Machines”, as well as the creation of educational cases for the disciplines “Transport Logistics” and “Inventory Management” based on the results of internships of teachers in the Beaton group of companies.

    Deputy Director of the Higher School of Management of the Institute of Mechanics and Technology of Economics and Technology for educational and methodological work Zoya Simakova presented the results of the work carried out in 2023 and 2024 within the framework of project “Harmonization of production needs with the provision of components and materials” by order of JSC Power Machines – the Electrosila plant, andproject “Transformation of purchasing activities of an industrial enterprise”, implemented to reduce the slow-turnover inventory of JSC Power Machines – Leningrad Metal Plant.

    Head of the research laboratory “Management of production systems and business processes” of the Higher School of Management of IPMEiT Dmitry Metkin demonstrated the team’s experience in terms of performing contractual work for industrial customers on technical and economic justification, forming investment activity programs when planning new projects, as well as developing strategies for introducing industrial products to new markets.

    After the working meeting, Sergey Lyashenko, Deputy Director for Improvement and Development of Production Activities of the Polar Transport Branch of Norilsk Nickel, held an interactive master class for students of the Higher School of Industrial Management of the Institute of Industrial Management, Economics and Trade of SPbPU on the subject “Fundamentals of Logistics of Oil and Gas Enterprises”.

    In conclusion, representatives of the Higher School of Management of the Institute of Industrial Management, Economics and Trade invited the delegation of the Polar Transport Branch of Norilsk Nickel to a tour. The guests inspected the classrooms and laboratories of the Institute of Industrial Management, Economics and Trade, and assessed the capabilities of the computer classes equipped with programs for studying specialized disciplines in logistics.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Amplify Energy Appoints Clint Coghill to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it has appointed Clint Coghill to its Board of Directors (the “Board”) as Lead Independent Director, effective May 16, 2025. In connection with Mr. Coghill’s appointment, the Company entered into a cooperation agreement with Mr. Coghill and his affiliates Stoney Lonesome HF, LP and The Drake Helix Holdings, LLC (collectively, “Stoney Lonesome”), the beneficial owners of approximately 7% of the Company’s outstanding shares.

    Mr. Coghill will serve as a member of the Board’s Compensation Committee and be included in the Board’s slate of nominees up for election at the Company’s upcoming 2025 Annual Meeting of Stockholders.

    “We appreciate the constructive dialogue we have had with Clint and are pleased to welcome him to the Board,” said Chris Hamm, Chairman of Amplify. “We believe Clint’s business and financial expertise and strong shareholder perspective will be invaluable assets to the Company and we look forward to working with him.”

    Clint Coghill, the Chief Investment Officer of Stoney Lonesome, said, “I’m pleased to join the Board of Amplify and look forward to working with Amplify’s Board and management team to help the Company achieve its potential and drive shareholder value.”

    In connection with the cooperation agreement, Stoney Lonesome has agreed to a customary standstill, voting and other provisions. The cooperation agreement will be included as an exhibit to a Current Report on Form 8-K, which the Company will file with the U.S. Securities and Exchange Commission.

    Kirkland & Ellis LLP served as legal counsel to Amplify.

    About Clint Coghill

    Clint Coghill brings more than 30 years of experience as a successful money manager, software entrepreneur, and philanthropist. Mr. Coghill is the Founder of Backstop Solutions Group, LLC, an industry-leading service company redefining the way firms operate in private markets and reshaping the institutional investment industry. From 2003 to 2021, Mr. Coghill served as Chairman of the Board and Chief Executive Officer of Backstop Solutions Group, LLC from 2013 until its sale to ION Analytics in 2021, where he then was the Head of the Investor Segment until early 2025. Prior to that, he served as President and Chief Investment Officer of Coghill Capital Management, LLC. Mr. Coghill currently serves as the chairman of the board of the Coghill Family Foundation and serves on the board of directors of New Moly, LLC. Mr. Coghill holds a B.A. in Business Administration from the University of Arizona and an M.B.A. from the London Business School.

    About Amplify Energy

    Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s upcoming 2025 Annual Meeting of Stockholders, expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company’s filings with the Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    Contacts

    Amplify Energy

    Jim Frew — Senior Vice President and Chief Financial Officer
    (832) 219-9044
    jim.frew@amplifyenergy.com

    Michael Jordan — Director, Finance and Treasurer
    (832) 219-9051
    michael.jordan@amplifyenergy.com

    FTI Consulting

    Tanner Kaufman / Brandon Elliott / Rose Zu
    amplifyenergy@fticonsulting.com

    The MIL Network –

  • MIL-OSI: CBAK Energy Reports First Quater 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, May 19, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”) a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the first quarter ended March 31, 2025.

    First Quater of 2025 Financial Results

    Net revenues1 were $34.9 million, representing a decrease of 41% compared to $58.8 million in the same period of 2024. The substantial decline primarily stems from our Dalian facilities, where a major portion of customers are in the residential energy supply sector. These facilities are currently undergoing a product portfolio upgrade, transitioning from Model 26650 to Model 40135. Customers who previously purchased Model 26650 are now in a transitional phase of testing and validating the new Model 40135. We anticipate a gradual recovery as both existing and potential customers complete the validation of Model 40135.

    Among these revenues, detailed revenues from our battery business are:

    Battery Business   2024
    First Quater    		     2025
    First Quater    		     % Change
    YoY
    Net Revenues ($)   44,837,869     20,363,338     -54.6
    Gross Profits ($)   18,458,522     4,720,102     -74.4
    Gross Margin   41.2 %   23.2 %   –
    Net Income ($)   11,682,429     336,861     -97.1
    Net Revenues from Battery Business on Applications ($)                
    Electric Vehicles   480,181     537,507     11.9
    Light Electric Vehicles   1,510,292     2,844,874     88.4
    Residential Energy Supply & Uninterruptable supplies   42,847,396     16,980,957     -60.4
    Total   44,837,869     20,363,338     -54.6
    1 Net revenues consist of the Company’s self-operated battery business and Hitrans, which was acquired in 2021, an independently managed raw materials business.


    Cost of revenues     was $30.14 million, representing a decrease of 24.7% from $40.0 million in the same period of 2024.

    Gross profit was $4.8 million, representing an decrease of 74.43% from $18.78 million in the same period of 2024. Gross margin was 13.7%, compared to 31.9% in the same period of 2024.

    Operating loss amounted to $2.86 million, compared to an operating income of $10.3 million in the same period of 2024.

    Net loss attributable to shareholders of CBAK Energy was $1.58 million, compared to net income attributable to shareholders of CBAK Energy of $9.8 million in the same period of 2024.

    Basic and diluted loss per share were both $0.02, compared to basic and diluted income per share of $0.11 in 2024.

    Zhiguang Hu, Chief Executive Officer of the Company, commented, “As anticipated, we experienced a significant 41% year-over-year decline in net revenues. This decrease was expected, as Model 26650 — a cell developed in 2006 and still produced at our Dalian facilities — has become largely outdated. Both existing and potential customers are currently transitioning from Model 26650 to the more advanced Model 40135. We are confident that, upon completing the construction of new manufacturing lines for Model 40135 in the second half of this year, and as customers finalize product validation, our revenues will begin to recover gradually.”

    Jiewei Li, Chief Financial Officer and Secretary of the Board, added, “As Mr. Hu emphasized, we expect to recover once the product portfolio upgrade at our Dalian facilities is completed. Meanwhile, our Nanjing facilities continue to experience strong growth momentum, driven by robust market demand for Model 32140, our most advanced and flagship product to date. Additionally, we are in the final stages of securing a long-term order from one of our key customers, which we hope to finalize and share with our shareholders in the near future.”

    Conference Call

    CBAK Energy’s management will host an earnings conference call at 9:00 AM U.S. Eastern Time on Monday, May 19, 2025 (9:00 PM Beijing/Hong Kong Time on May 19, 2025).

    For participants who wish to join our call online, please visit:
    https://edge.media-server.com/mmc/p/wfu5unoh

    Participants who plan to ask questions during the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin, and an email with detailed instructions.

    Participant Online Registration:
    https://register-conf.media-server.com/register/BIb49b754e574a43e68068965ba0234966

    Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

    A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/wfu5unoh

    The earnings release and the link for the replay are available at ir.cbak.com.cn

    About CBAK Energy

    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn

    Safe Harbor Statement

    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

    Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company’s products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

    For further inquiries, please contact:

    In China:

    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn

    CBAK Energy Technology, Inc. and Subsidiaries
    Condensed Consolidated Balance Sheets
    As of December 31, 2024 and March 31, 2025
    (Unaudited)
    (In US$ except for number of shares)
     
      December 31,
    2024    		     March 31,
    2025    		  
    Assets          
    Current assets          
    Cash and cash equivalents $ 6,724,360     $ 4,052,010  
    Pledged deposits   54,061,642       43,482,693  
    Term deposits   4,237,090       5,530,030  
    Trade and bills receivable, net   32,938,918       40,835,093  
    Inventories   22,851,027       30,803,486  
    Prepayments and other receivables   20,004,966       17,991,265  
    Receivables from former subsidiary   12,399       9,011  
    Income tax recoverable   566,458       455,342  
    Total current assets   141,396,860       143,158,930  
                   
    Property, plant and equipment, net   85,486,829       84,283,683  
    Construction in progress   42,526,859       51,527,443  
    Long-term investments, net   2,246,494       2,313,725  
    Prepaid land use rights   11,075,973       11,056,715  
    Intangible assets, net   382,962       268,398  
    Deposit paid for acquisition of long-term investments   15,864,318       15,949,095  
    Operating lease right-of-use assets, net   3,237,849       2,906,652  
    Total assets $ 302,218,144     $ 311,464,641  
                   
    Liabilities              
    Current liabilities              
    Trade and bills payable   84,724,386       93,398,948  
    Short-term bank borrowings   26,087,350       29,301,628  
    Other short-term loans   335,715       335,905  
    Accrued expenses and other payables   58,285,635       50,305,373  
    Payable to a former subsidiary, net   419,849       418,211  
    Deferred government grants, current   556,214       559,186  
    Product warranty provisions   23,426       23,000  
    Operating lease liability, current   1,268,405       1,159,373  
    Total current liabilities   171,700,980       175,501,624  
                   
    Long-term bank borrowings   –       4,131,890  
    Deferred government grants, non-current   7,580,255       10,272,610  
    Product warranty provisions   420,688       417,565  
    Operating lease liability, non-current   2,449,056       2,397,859  
    Total liabilities   182,150,979       192,721,548  
                   
    Commitments and contingencies              
                   
    Shareholders’ equity              
    Common stock $0.001 par value; 500,000,000 authorized; 90,083,396 issued and 89,939,190 outstanding as of December 31, 2024; and 90,083,868 issued and 89,939,662 outstanding as of March 31, 2025   90,083       90,083  
    Donated shares   14,101,689       14,101,689  
    Additional paid-in capital   247,842,445       247,869,511  
    Statutory reserves   1,230,511       3,042,602  
    Accumulated deficit   (122,605,730 )     (125,997,055 )
    Accumulated other comprehensive loss   (14,919,345 )     (14,248,434 )
        125,739,653       124,858,396  
                   
    Less: Treasury shares   (4,066,610 )     (4,066,610 )
                   
    Total shareholders’ equity   121,673,043       120,791,786  
    Non-controlling interests   (1,605,878 )     (2,048,693 )
    Total equity   120,067,165       118,743,093  
                   
    Total liabilities and shareholder’s equity $ 302,218,144     $ 311,464,641  

     

    CBAK Energy Technology, Inc. and Subsidiaries
    Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
    For the three months ended March 31, 2024 and 2025
    (Unaudited)
    (In US$ except for number of shares)
     
      Three months ended
    March 31,    		  
      2024     2025  
    Net revenues $ 58,822,432     $ 34,938,901  
    Cost of revenues   (40,041,385 )     (30,137,167 )
    Gross profit   18,781,047       4,801,734  
    Operating expenses:              
    Research and development expenses   (2,815,518 )     (3,023,961 )
    Sales and marketing expenses   (1,724,032 )     (896,050 )
    General and administrative expenses   (4,092,527 )     (3,804,137 )
    Allowance of credit losses and bad debts written off, net   114,013       58,395  
    Total operating expenses   (8,518,064 )     (7,665,753 )
    Operating income (loss)   10,262,983       (2,864,019 )
    Finance income, net   9,663       45,120  
    Other income, net   367,438       712,792  
    Share of (loss) income of equity investee   (18,824 )     55,125  
    Income (loss) before income tax   10,621,260       (2, 050,982 )
    Income tax expenses   (1,048,786 )     –  
    Net income (loss)   9,572,474       (2, 050,982 )
    Less: Net loss attributable to non-controlling interests   263,976       471,748  
    Net income (loss) attributable to shareholders of CBAK Energy Technology, Inc. $ 9,836,450     $ (1,579,234 )
                   
    Net income (loss)   9,572,474       (2,050,982 )
    Other comprehensive income (loss)              
    – Foreign currency translation adjustment   (1,906,048 )     699,844  
    Comprehensive income (loss)   7,666,426       (1,315,138 )
    Less: Comprehensive loss attributable to non-controlling interests   274,223       442,816  
    Comprehensive income (loss) attributable to CBAK Energy Technology, Inc. $ 7,940,649     $ (908,322 )
                   
    Income (loss) per share              
    – Basic $ 0.11     $ (0.02 )
    – Diluted $ 0.11     $ (0.02 )
                   
    Weighted average number of shares of common stock:              
    – Basic   89,925,024       89,938,690  
    – Diluted   90,123,965       89,938,690  

    The MIL Network –

  • MIL-OSI: Form 8.5 (EPT/RI) – AMENDMENT – Serinus Energy Plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
    Rule 8.5 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Name of exempt principal trader: Shore Capital Stockbrokers Ltd
    (b)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Serinus Energy Plc
    (c)        Name of the party to the offer with which exempt principal trader is connected: Serinus Energy Plc
    (d)        Date dealing undertaken: 13 May 2025
    (e)        Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? No

    2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received
    Ordinary Purchases 25,000 3.228p 3.228p
    Ordinary Sales N/A N/A N/A

    (b)        Derivatives transactions (other than option)

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

    (c)        Options transactions in respect of existing securities

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercising

    Class of relevant security Product description
    e.g. call option    		 Number of securities Exercise price per unit
           

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    The currency of all prices and other monetary amounts should be stated.

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    3.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    None
    Date of disclosure: 19 May 2025
    Contact name: Laura Parmenter
    Telephone number: 0207 647 8154

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.
    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Psychics Near Me: Best Psychics, Mediums, Tarot Card Readers Near Me In 2025

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, Nevada, May 19, 2025 (GLOBE NEWSWIRE) —

    The psychic experts, a trusted online platform for spiritual insights and guidance, has officially launched its 2025 rankings of the best psychics, mediums, and tarot card readers near you. The company has unveiled a comprehensive new resource to help users easily find top-rated psychic services in their area in response to growing global demand for hyper-local, high-quality psychic readings. 

    ⇒ Find the best psychics, mediums, and tarot readers near you!

    With thousands searching each month for “psychics near me,” “medium readings near me,” and “tarot reading near me,” the psychic experts have developed a location-based guide that connects seekers with vetted, real psychics and tarot experts, including those offering in-person, virtual, and phone-based readings. The rankings are part of the company’s mission to help people access accurate, trustworthy spiritual guidance no matter where they are.

    ⇒ Get real answers with a top-rated psychic reader near you

    This new feature comes in response to a growing trend: more people than ever are turning to local psychic reading services for clarity in love, career, health, grief, and spiritual awakening. From New York to Los Angeles, Chicago to Houston, and even globally, search terms like “psychics near me,” “medium reading near me,” and “tarot card reader near me” have surged. Recognizing this need, the psychic experts now offer a city-by-city breakdown of real psychics near you, each evaluated for their abilities, accuracy, experience, and client satisfaction.

    ⇒ Schedule a session with the best psychic near you!

    Unlike generic directories or review sites, The-Psychic-Experts.com’s platform is curated by experienced psychic researchers, offering newcomers and returning clients a reliable, transparent resource for spiritual support. All listed practitioners are selected based on reading accuracy, customer ratings, spiritual credentials, and specialization areas—including tarot card readings, clairvoyant sessions, mediumship, love psychics, pet psychics, and astrology.

    With this 2025 launch, users can now browse listings by category and location, making it easier to find:

    • Tarot card reading near me
    • A clairvoyant medium near me
    • Spiritual medium near me
    • Best psychic near me with genuine reviews
    • Accurate psychic readings in my area

    Whether you’re seeking insight from a psychic reader near you for the first time or want a deeper connection with a spiritual medium near you, this tool is designed to bring clarity, comfort, and authenticity to your spiritual journey, anywhere in the world.

    ⇒ Find trusted psychics near me for real answers today!

    Why More People Are Searching for Psychic Readings Near Them in 2025

    In 2025, the demand for psychic readings near me has skyrocketed—both online and in person. This trend reflects more than just curiosity. In today’s fast-paced world, people seek grounded guidance, emotional clarity, and a sense of connection beyond what traditional support systems offer. 

    Whether it’s navigating relationships, coping with grief, planning for the future, or unlocking personal growth, more individuals are seeking out psychics, mediums, and tarot readers near them for meaningful insight.

    ⇒ Looking for clarity? Talk to verified psychic mediums near me

    The Shift from Skepticism to Self-Discovery

    Once dismissed as fringe or taboo, psychic readings have found mainstream appeal. Millennials and Gen Z, in particular, are redefining spirituality, moving away from rigid belief systems and embracing personalized, intuitive approaches to wellness. This generation prioritizes self-awareness, energy healing, and emotional intelligence—areas where spiritual mediums and psychic readers near them play a key role.

    Many people no longer see psychic consultations as a last resort, but rather as a complementary tool alongside therapy, coaching, or mindfulness practices. It’s now common to hear someone say, “I just had a tarot reading near me that completely changed how I view my career path.”
    ⇒ Explore your destiny with guidance from the best psychics near you!

    Real Psychics for Real-Life Decisions

    One primary reason people are Googling “psychics near me” is the desire for authentic, real-time guidance from someone they can meet face-to-face or talk to directly. While online readings remain convenient and popular, there’s something powerful about being physically present with a clairvoyant medium near you who can read your energy, body language, and spiritual aura in real time. Psychic consultations are especially popular during life transitions or emotional uncertainty. 

    The top reasons people book medium readings near them in 2025 include:

    • Love and relationships: Will they come back? Are they the one?
    • Career clarity: Should I change jobs? Am I on the right path?
    • Family and fertility: Am I ready for parenthood? What does the future hold?
    • Loss and grief: Is there a message from a loved one who passed?
    • Spiritual awakening: What’s my purpose? What’s next for my soul?

    ⇒ Discover life-changing insights with a medium physics near me

    Local Psychic Access Offers Trust and Personal Connection

    Trust is another key factor behind the rise of “best psychic near me” searches. People want an honest, vetted professional they can see in their community, or at least know a faceless app or unverified platform is not scamming them.

    When users search for a psychic reader near me or a medium psychic near me, they’re not just looking for convenience. They want credibility, warmth, and a genuine connection. Many report feeling more comfortable engaging in deep conversations or emotional healing sessions with someone nearby who understands their local culture, energy, or even astrology based on location.

    • It is especially true for specific needs like:
    • Pet psychic near me services for animal communication
    • Spiritual medium near me sessions to connect with loved ones who’ve passed
    • Tarot card readings near me for visual, symbolic answers

    ⇒ Find spiritual clarity with a top-rated psychic near me

    A Return to Spiritual Community

    In-person psychic readings also gain momentum because they reconnect people with community spaces—local spiritual centers, wellness clinics, or independent psychic shops. These places offer more than a service; they’re sanctuaries for healing and self-discovery.

    Even those booking tarot readings near them out of casual interest often leave surprised at how grounded and accurate the insights feel. Word-of-mouth, online reviews, and increased visibility on platforms like The-Psychic-Experts.com are helping these local readers reach the right audiences.

    How The-Psychic-Experts.com Evaluates Psychics and Mediums Near You

    As demand for psychics near me and tarot readers near me continues to rise in 2025, not all services are created equal. With so many spiritual advisors available both online and locally, The-Psychic-Experts.com has taken on the mission of helping users find real psychics and trustworthy readers, without falling victim to misleading claims or unverified listings.

    Our editorial team has developed a rigorous vetting process to identify the best psychics, mediums, and tarot card readers near you based on authenticity, accuracy, ethics, and value. Here’s how we evaluate every psychic listed in our rankings and recommendations.

    ⇒ Book now: Trusted psychics and tarot readers  near you are available today

    1. Verified Authenticity & Spiritual Gift

    The foundation of every great psychic reading is authenticity. The psychic experts prioritize psychic mediums near you who demonstrate genuine spiritual gifts—empaths, clairvoyants, intuitive healers, or experienced tarot interpreters.

    We look for signs of real ability and integrity, such as:

    • Natural psychic intuition (clairvoyance, clairaudience, clairsentience)
    • Mediumship training or experience channeling spirits
    • Consistent, verifiable results from past readings
    • Ethical spiritual guidance rather than fear-based tactics

    We never list readers who make dramatic or exaggerated claims, use manipulative language, or promise specific outcomes (like marriage or wealth) in exchange for repeat bookings. Only real psychics with grounded intuition and spiritual clarity make it into our recommendations.

    ⇒ Schedule a session with the best psychic near me

    2. Accuracy and Reading Depth

    No two psychics are the same. Some excel at love readings, others offer profound insights into the afterlife, while others help clients realign their energy or tap into future timelines. Regardless of the method, accuracy is key.

    We test readings for:

    • Relevance and personal resonance
    • Emotional clarity and confidence
    • Specificity over generalizations
    • Alignment with past experiences or future events

    Whether you’re looking for a clairvoyant medium near you or want a tarot spread to confirm your gut instinct, we look for practitioners whose insights hit home and create meaningful “aha” moments.

    ⇒ Want honest answers? Connect with a trusted psychic reader near me

    3. Transparent Pricing & Accessibility

    Many people searching for a psychic reader near them are turned off by hidden fees, unclear session lengths, or vague pricing structures. The psychic experts only list psychics who are upfront about their rates, refund policies, and session formats.

    We favor psychics who offer:

    • Transparent per-session or per-minute pricing
    • Clear booking systems and appointment availability
    • Free or low-cost introductory readings
    • Options for both virtual and in-person sessions

    We believe that psychic guidance should be accessible, not overpriced or exclusive. It is especially important for those seeking help with grief, mental health challenges, or relationship crises.

    4. Consistent Reviews & Testimonials

    We analyze real customer testimonials to evaluate each psychic’s effectiveness and trustworthiness. From Google reviews to online forums and user feedback submitted directly to us, we consider the lived experience of actual clients.

    Key indicators we look for:

    • Long-term satisfaction and loyalty
    • Clients returning for follow-up sessions
    • Reviews highlighting specific and actionable insights
    • Emotional impact: readers who truly help people heal or move forward

    We pay attention if a tarot reader near you consistently receives positive praise for helping people find peace, make bold decisions, or reconnect with loved ones.

    ⇒ Ready for a life-changing session? Connect with the best psychic readers near you!

    5. Area of Specialization

    Some seekers want a general reading. Others are looking for pet psychics near them, spiritual mediums near them, or experts in past-life regression, crystal healing, or energy clearing.

    We categorize psychics by:

    • Reading type (tarot, astrology, energy work, clairvoyance)
    • Life focus (love, career, grief, fertility, soul path)
    • Service format (in-person, video call, text-based)

    It ensures that visitors to the psychic experts don’t waste time scrolling through irrelevant listings, and can find the best psychic near them based on what they truly need.

    A Trusted Filter in a Noisy Market

    The world of psychic readings near me can feel overwhelming, but with the psychic experts, you get clarity. Our editorial team carefully reviews every listing, which is backed by ethical standards, consistent accuracy, and client-centered value.

    ⇒ Start your search for the best psychic, tarot reader, or medium near you today

    Types of Psychic Readings You Can Find Near You in 2025

    As more people seek spiritual guidance and clarity in 2025, the demand for local psychic services has diversified. Whether you’re searching for psychic readings near me, a clairvoyant medium near me, or a tarot reader near me, it’s essential to know what types of readings are available—and how each can offer unique insights into your life.

    At the psychic experts, we categorize the most popular and effective psychic reading styles to help you find the right spiritual advisor near you based on your personal needs, questions, and goals.

    ⇒ Get real answers with a top-rated psychic reader near me

    1. Tarot Card Readings

    Tarot remains one of the most accessible and accurate forms of spiritual guidance. Local tarot card readers near you can interpret symbolic spreads to clarify the past, present, and future. Whether facing a relationship dilemma, career crossroads, or emotional block, tarot mirrors your subconscious.

    Benefits of a tarot reading:

    • Answers to specific questions
    • Symbolic insight into hidden emotions
    • Forecasting potential outcomes
    • Confirming gut feelings

    Look for readers who offer tarot readings near me with structured spreads (like Celtic Cross or Past-Present-Future) and interpret them with intuition and training.

    ⇒ Book your session with a top-rated tarot card reader near you

    2. Mediumship (Spirit Communication)

    If you’re grieving the loss of a loved one or feel the presence of spirits, a psychic medium near you can help bridge the gap between this world and the next. Mediums channel messages from deceased souls, ancestors, or spiritual guides, often bringing closure and peace.

    • What a medium can help with:
    • Healing unresolved grief
    • Receiving messages from loved ones
    • Validating spiritual signs or dreams
    • Connecting with ancestors

    Medium readings can be highly emotional and deeply personal. Seek medium readings near you from professionals with a respectful, grounded approach—not sensationalism.

    ⇒ Local answers await—find a psychic medium near me

    3. Clairvoyance and Intuitive Readings

    Clairvoyant psychics near you receive visual impressions about people, places, or events. These images can relate to your past, present, or future. Clairvoyants often provide fast, insightful answers without using tools like tarot or astrology.

    Types of intuitive abilities include:

    • Clairvoyance (clear seeing)
    • Clairaudience (clear hearing)
    • Clairsentience (clear feeling)
    • Claircognizance (clear knowing)

    Many psychic mediums near me blend clairvoyance with other gifts to provide a multi-layered, accurate psychic reading experience.

    4. Astrology-Based Readings

    An astrology reading offers profound insight into your personality, path, and timing. While not all astrologers identify as psychics, many psychic readers near you incorporate astrological tools to enhance their accuracy.

    • Astrology can help with:
    • Understanding your birth chart
    • Timing key events (career moves, marriage, travel)
    • Relationship compatibility
    • Life purpose and karmic lessons

    You can search for spiritual mediums near me who specialize in astrology, or get a reading based solely on your planetary alignments.

    ⇒ Connect instantly with a gifted psychic near me!

    5. Pet Psychic Readings

    Yes, even your pets can benefit from intuitive insight. Many pet psychics near you can tune into your animal companion’s energy to uncover emotional, physical, or behavioral issues.

    A pet psychic reading might include:

    • Understanding unusual behavior
    • Tuning into your pet’s emotional state
    • Communicating with lost or deceased pets
    • Supporting pet transitions (illness, end of life)

    If your pet is struggling, a real psychic near you who specializes in animals can provide compassionate clarity.

    ⇒ Find healing with a genuine pet psychic near me

    6. Energy Healing & Aura Readings

    Energy-based sessions, such as Reiki, chakra balancing, and aura readings, are increasingly popular. Practitioners help clear emotional blocks, realign your energy field, and promote spiritual healing.

    Benefits of energy sessions:

    • Releasing trauma
    • Raising vibration
    • Supporting mental and physical health
    • Enhancing clarity and intuition

    Search for psychic mediums near me or spiritual healers near me with training in energy medicine or metaphysical therapy.

    ⇒ Navigate your path with a verified psychic near me

    Choosing the Right Type of Psychic Reading

    With so many options available, choosing the right type of reading depends on your intention. Are you grieving? A medium might be ideal. Feeling uncertain about a decision? A tarot reader could help. Want to explore your cosmic blueprint? Try astrology.

    Whatever your path, the psychic experts simplify the process by curating the best psychic, tarot, and medium readers near you, based on your location and specific needs.

    ⇒ Find the correct type of psychic reading near you today

    How to Choose the Right Psychic Near You

    In 2025, the demand for intuitive guidance is booming—but with so many local options available, how do you know which psychic near you is truly trustworthy, accurate, and aligned with your needs?

    At the psychic experts, we aim to help you make informed and confident choices. Whether you’re searching for a tarot reader near me, a medium near me, or a clairvoyant psychic reading near me, this guide will walk you through the steps to choosing an honest, reliable, and insightful psychic in your area.

    1. Know Your Intention First

    Before searching for the best psychic near me, get clear on what you want from your session. Are you looking for:

    • Clarity about a relationship or career?
    • Closure after the loss of a loved one?
    • Insight into the future?
    • Spiritual healing or chakra alignment?

    Your intention will determine which type of reader you need—whether that’s a tarot expert, a spiritual medium, or an energy healer. Knowing what you’re looking for helps you avoid vague or unhelpful sessions.

    ⇒ Find trusted psychics near me for real answers today

    2. Search for Specialists in Your Area

    The best psychics are not generalists. They tend to specialize in one or two key areas, such as:

    • Tarot card interpretation
    • Mediumship/spirit communication
    • Clairvoyance
    • Astrology
    • Pet communication
    • Energy healing

    Use filters on the psychic experts platform to search for psychics near me by category. It ensures you’re not only booking someone nearby, but someone equipped to handle your unique concern.

    ⇒ Discover the most gifted tarot reader near me

    3. Read Real Reviews and Testimonials

    Client feedback is one of the fastest ways to spot a gifted psychic medium near you. Look for:

    • Authentic testimonials that describe specific insights or outcomes
    • Consistent praise for empathy, clarity, and accuracy
    • Mentions of life-changing guidance, not just vague or general advice

    Avoid listings that seem too perfect or copied and pasted. At the psychic experts, we publish verified user reviews so you can find real psychics with a track record of trusted service.

    4. Pay Attention to Energy and Connection

    Even the most skilled psychic might not be the right fit if you don’t feel a sense of connection. A powerful reading requires trust and energetic alignment. Consider:

    • How do you feel during your first interaction—calm, open, or uncomfortable?
    • Does the psychic take time to listen to your concerns?
    • Are they explaining the process clearly, or jumping to conclusions?

    If it doesn’t feel right, trust your intuition. You deserve a psychic reader near you who respects your energy and your journey.

    ⇒ Explore highly rated mediums and psychics near me

    5. Look for Transparency in Pricing and Process

    Trustworthy psychics will always be upfront about:

    • Session duration
    • Reading format (phone, in-person, chat, etc.)
    • Pricing or packages
    • What’s included (e.g., number of questions, tools used)

    Be cautious of hidden fees or pressure to extend sessions. The psychic experts features listings from psychic readers near me with complete transparency—no fine print, no hidden agendas.

    6. Avoid Red Flags and Scams

    Unfortunately, the psychic industry is not without fraud. Watch out for:

    • Claims of curses or bad energy that only they can remove, for a hefty fee
    • Requests for personal or financial information
    • Fear-based language or pressure tactics
    • Lack of reviews, vague bios, or unverifiable claims

    Always cross-reference with our database of vetted professionals at the psychic experts to avoid scams and ensure you’re connecting with authentic psychics near you.

    7. Start with a Short Session First

    If unsure, book a 15–30 minute introductory session with a psychic before committing to something longer. A good reader won’t rush, pressure, or overwhelm you—they’ll focus on clarity, connection, and compassion.

    ⇒ Talk to verified psychic mediums near me

    Trust Your Intuition and Resources

    Ultimately, the best psychic isn’t just someone with powerful gifts—someone who resonates with your spirit, listens deeply, and empowers you. With the help of the psychic experts, finding the best psychic reading near you in 2025 has never been more accessible, transparent, or transformational.

    Find the Right Psychic Near You in 2025 — Trust Your Path Forward

    In 2025, the demand for intuitive guidance is stronger than ever. Whether seeking clarity in love, healing from loss, or simply curious about your future, connecting with the best psychic near you can bring powerful insight and peace of mind.

    ⇒  Discover trusted psychics and tarot experts near you!

    But not all psychics are created equal. That’s why the psychic experts is committed to helping you find honest, trusted, and accurate psychic readers near you, with zero guesswork.

    Our expert team has spent years curating the most comprehensive guide to psychic readings near me, highlighting gifted mediums, tarot readers, clairvoyants, and pet psychics across the U.S. Whether you prefer in-person sessions or online convenience, you’ll find thoroughly vetted professionals who are committed to helping you grow, heal, and evolve.

    From spiritual mediums and intuitive coaches to tarot card experts and clairvoyant visionaries, the path to self-discovery starts with one decision: trusting your gut and taking the first step.

    Ready for a real psychic reading near you?
    Click below to explore the most trusted psychics, mediums, and tarot readers near you — all handpicked by the team at The-Psychic-Experts.com:

    • Find the Best Psychic Near You Now
    • Search Mediums & Spiritual Advisors by Location
    • Discover Top Tarot Card Readers Near You
    • Book a Pet Psychic Reading Near You

    Whether you’re ready for your first session or looking to connect with a new trusted guide, let the psychic experts be your compass to the most accurate psychic readings near you in 2025 and beyond.

    ⇒ Connect with accurate psychic readers and discover what lies ahead!

    What to Expect from Your First Psychic Reading Near You

    Whether seeking closure, direction, or validation, your first experience with a psychic, medium, or tarot card reader can be deeply transformative. Here’s what you should know to make the most of it:

    1. Come with an Open Mind — and a Purpose

    Most first-time clients find that the more open and intentional they are, the more resonant their reading becomes. You don’t need to “believe” in anything specific — simply come with curiosity and respect for the process. Having a few thoughtful questions in mind (e.g., “What energy surrounds my current relationship?” or “What do I need to understand about my career path?”) can help direct the session.

    2. Choose the Right Psychic for You

    Not every psychic is the same — some specialize in mediumship (connecting with passed loved ones), others in intuitive counseling, tarot cards, numerology, or energy healing. Sites like the psychic experts help match users with verified psychic readers near them based on expertise, reviews, and spiritual approach. Trust that instinct if you feel drawn to a particular type of reading.

    ⇒ Get clarity on your next move with a trusted psychic reading!

    3. The Reading May Not Be What You Expect (And That’s Okay)

    Many people enter a reading hoping to hear specific words or names. But the best psychic readings often reveal unexpected truths or gentle nudges that become meaningful in hindsight. Look for signs, symbols, or emotions that strike a chord — even if they don’t immediately make sense.

    4. Ask Clarifying Questions During the Session

    Don’t hesitate to ask for clarity if something confuses you during the reading. A genuine psychic will appreciate your engagement and work with you to ensure the message is understood. The process is meant to be collaborative, not cryptic.

    5. Post-Reading Reflection Is Part of the Process

    Many clients report that the full impact of a psychic reading unfolds over time, sometimes days or weeks later. After a session, journaling your thoughts and emotions can help you process the information and tune into your inner wisdom.

    Why More People Are Searching “Psychics Near Me” in 2025

    Spiritual wellness is becoming a bigger part of holistic self-care. 2025 has seen a surge in interest in psychic readers near me, especially as more people seek purpose, healing, and personalized insight in uncertain times. Thanks to platforms like the psychic experts, it’s never been easier to connect with trusted psychics and mediums near you, without the guesswork.

    ⇒ Find your true direction with help from top psychics!

    FAQs 

    With more people turning to spiritual guidance in 2025, it’s natural to have questions about how to find the best psychic near me, what to expect in a session, and how to avoid scams. 

    Here are the most frequently asked questions, answered by the team at the psychic experts, your trusted source for real psychics near you.

    How do I know if a psychic near me is real?

    Real psychics don’t guarantee lottery numbers or promise to solve all your problems instantly. Instead, they offer insight, clarity, and emotional resonance. Look for:

    • Verified reviews from local clients
    • Clear, respectful communication
    • No pressure tactics or upselling
    • Transparent pricing and services

    At the psychic experts, every psychic listed goes through an in-depth vetting process to ensure you’re connecting with authentic psychic readers near you.

    Are in-person readings better than online psychic readings?

    Not necessarily. While some prefer the personal feel of a face-to-face session, online psychics can be just as accurate — and often more convenient. Energy doesn’t rely on physical presence. Whether chat, video, or phone, many top-rated psychics near me now offer digital services with the same level of insight.

    What’s the difference between a psychic and a medium?

    A psychic reads your energy to gain insight into your life path, emotions, and future. On the other hand, a medium connects with spirits, often communicating with loved ones who have passed.

    If you’re looking for closure or messages from the other side, search for a medium near you. A psychic reading near me is ideal for guidance in love, career, or spiritual growth.

    Can I find a tarot reader near me for a specific question?

    Absolutely. Tarot card reading near me is one of the most popular requests on the psychic experts. Tarot is especially practical for focused questions like:

    • “Is this relationship worth pursuing?”
    • “What’s blocking me from financial growth?”
    • “What energy should I embrace right now?”

    Many tarot readers near you offer 15- or 30-minute sessions for targeted clarity.

    How much should I expect to pay for a psychic reading near me?

    Prices can vary depending on the psychic’s experience and specialty. Here’s a general range:

    • $30–$60 for a 30-minute session
    • $60–$120 for an hour
    • Some intuitive coaches or celebrity mediums may charge higher rates

    The psychic experts allow you to compare prices and find a psychic near me who fits your budget—there are no surprises or hidden costs.

    Are there pet psychics near me?

    Yes! Pet psychics or animal communicators specialize in connecting with your pets—living or passed. Whether you’re curious about your pet’s behavior or want to communicate with a deceased animal companion, the psychic experts feature trusted pet psychic readers near you.

    What should I avoid when choosing a psychic?

    Be cautious of anyone who:

    • Promises to remove curses for large sums
    • Uses fear to pressure you into more sessions
    • Demands private information or passwords
    • Claims they are the only ones who can “fix” your situation

    Trust your instincts—always verify listings through the psychic experts, which flags known scam tactics and prioritizes real, gifted psychic mediums near you.

    Can I get same-day readings from psychics near me?

    Yes, many local and online psychics offer same-day or even emergency readings. Use filters on the psychic experts to find psychic readers near me with instant availability. Whether it’s a love crisis or a decision deadline, help’s always nearby.

    Are clairvoyants and mediums the same thing?

    Not quite. A clairvoyant receives visions (like images or mental snapshots) about people or events. A medium, on the other hand, communicates with spirits. Some readers are both, but it’s always best to check their specialty when booking a session.

    What’s the most trusted way to find a psychic medium near me in 2025?

    Use the psychic experts platform to find carefully reviewed, top-rated psychics near you. Whether you’re searching for spiritual mediums, tarot readers, or clairvoyants, the site offers advanced search filters, verified reviews, and expert-curated lists to guide you to the most accurate psychic readings.

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    Company: The Psychic Experts
    Contact Person: Anthony C. Bedoya
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    Address: 1 Fremont St, Las Vegas, NV 89101, USA
    URL: https://the-psychic-experts.com/
    Phone: +1 414-203-2598

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