This year, European nations announced plans to pursue artificial intelligence. National leaders announced AI spending goals totaling hundreds of billions of euros in efforts to catch up to the United States. But AI requires huge amounts of electrical power, conflicting with Europe’s commitment to achieve a Net Zero power grid.

Since ChatGPT released their AI chatbot in November of 2022, artificial intelligence has exploded. In only two years, the AI revolution became the driving force in the US high-tech industry. Amazon, Google, Meta, Microsoft, and other firms will spend over $100 billion this year building and upgrading data centers to run AI. Nvidia, the dominant supplier of AI graphics processor units (GPUs), became the most valuable company in the world, its market capitalization soaring from $300 billion to $4.3 trillion in less than three years.…

“ENTRA1’s website is a cyber Potemkin village, all façade with no reality. The site has buttons bragging: ‘drawing on 45+ years of experience’ … ‘portfolio experience of ~6B$ in energy and infrastructure projects’, … ‘delivering on a ~30GW SMR project pipeline.’ Click on those boxed claims for further information and the result is literally nothing.”

When the Tennessee Valley Authority (TVA) announced this month that it had reached a mammoth deal — financial and timing details unspecified — to acquire 6,000 MW (6 GW) of purchased power from a wide array of NuScale small modular reactors to be owned by ENTRA1–it produced some head-scratching.

What the heck is ENTRA1? It’s not an easy question to answer, although online sleuthing provides some useful details. The name first surfaced in the fall of 2023, when NuScale announced a sketchy deal with an Ohio data center developer with ENTRA1 described as NuScale’s partner with exclusive rights to develop, manage, own and operate energy production plants powered by NuScale’s SMRs.…

“A recent survey by the American Automobile Association (AAA) found that only 16% of potential buyers were either “likely” or “very likely” to buy a fully electric vehicle as their next car, … down from 25% in 2022 and was the lowest level of EV interest recorded by AAA surveys since 2019.”

The road to adoption of Zero Emissions Vehicles (ZEVs) is growing steeper. For over two decades, states used incentives and mandates to try to force a transition from gasoline vehicles to ZEVs. But softening market demand, shifting federal policies, and poor economics threaten to halt the ZEV revolution in the United States.

Zero Emissions Vehicles are cars and trucks that produce no tailpipe emissions. These are either electric vehicles (EVs) or hydrogen vehicles. California is the only state with a significant number of hydrogen cars, but its hydrogen car population is declining, so ZEVs mean EVs in practice.…

“Profuse government grants, loans, and tax breaks supported Sunnova from the beginning. The public needs to know where the money went and why founder/CEO John Berger and a few others at the top made out like bandits, while just about everyone else bit the dust.”

Sunnova was all hat, no cattle. All sizzle, no steak. Long on DEI, short on profits. Long on government, short on consumer value.

And a lot of “Net Zero” for investors. And potentially voided contracts for more than 400,000 rooftop customers if tax credits go away under current legislation under debate. [1]

Yesterday, Sunnova International declared bankruptcy, or in their Enronish PR world, “Strategic Action to Facilitate Value-Maximizing Sale Process.”

The company never had a quarterly profit, existing on political fumes and gullible “green” customers.…