『Ørsted sues Trump as U.S. tilts to gas and hydro - Sep 4, 2025』のカバーアート

Ørsted sues Trump as U.S. tilts to gas and hydro - Sep 4, 2025

Ørsted sues Trump as U.S. tilts to gas and hydro - Sep 4, 2025

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 As of September 4, today’s news sees shifts in U.S. energy strategies and impactful legal and market movements reflecting broader economic trends. Ørsted has taken legal action against President Donald Trump’s administration in an effort to restart work on a nearly completed offshore wind project halted by the US government last month. The troubled Danish renewable energy company is seeking a court order that would let it finish its 1.5 billion dollars Revolution Wind project, which was meant to supply enough power for 350,000 homes in north-eastern US. But the US move to halt the development, driven by Trump’s deep scepticism about wind power, has hit Ørsted’s business and sent its shares to record lows. Meanwhile, U.S. power developers are planning to sharply boost natural gas and hydropower generation capacity and are cutting back on plans to add new solar and wind farms, according to recent data on the U.S. power capacity pipeline. As of mid-2025, U.S. power developers had just over 114,000 megawatts of natural gas capacity under construction or in so-called pre-construction, according to data from Global Energy Monitor. Turning to market updates, copper prices experienced a decline amid demand concerns, with three-month copper on the London Metal Exchange falling 0.61% to 9,915 dollars per metric ton. Despite supply constraints from dwindling Chinese production, market anxiety over a potential lackluster demand stifles price strength. The dollar remained steady amid signals of a weakening labor market, hinting at upcoming interest rate cuts. From the international front, SK On of South Korea has signed a significant agreement with U.S.-based Flatiron Energy Development to supply lithium iron phosphate (LFP) batteries, aiming to enhance its energy storage solutions in response to fluctuating electric vehicle demand. In the technology sphere, Chinese tech companies like Alibaba and ByteDance continue to seek Nvidia's AI chips, despite governmental pressures to avoid purchases. Their interest persists, particularly in the newly permitted H20 model and the anticipated B30A chip, which promises enhanced performance. On the automotive front, General Motors is scaling back production at key electric vehicle factories, reacting to the administration's withdrawal of tax credits for EVs. This aligns with broader adjustments within the industry as automakers brace for a slowdown in EV sales amidst changing market dynamics. In India, a recent tax cut on solar and wind devices is expected to positively impact clean energy costs. Furthermore, President Donald Trump has pushed the boundaries of executive power to impose sweeping tariffs, crack down on immigration and attempt to fire a Federal Reserve governor, and these actions could dominate the U.S. Supreme Court's upcoming docket.
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