The Biden administration is looking for proposals from companies that can establish and operate an institution that will develop “digital twins” of semiconductors, with the opportunity to receive up to $285 million in funding.
“Digital twin technology can help to spark innovation in research, development, and manufacturing of semiconductors across the country — but only if we invest in America’s understanding and ability of this new technology,” Secretary of Commerce Gina Raimondo said in a statement, adding that the new institute “will not only help to make America a leader in developing this new technology for the semiconductor industry, it will also help train the next generation of American workers and...
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Biden Administration Raises Costs for Oil and Gas Companies on Public LandsThe Biden administration has finalized a rule that will increase costs for oil and gas companies to drill on public lands. The rule raises royalty rates and bond requirements, despite rising energy prices and inflation.
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Biden Administration Implements New Rule Increasing Costs for Oil and Gas Companies on Federal LandsOil and gas companies will face a significant increase in costs to drill on federal lands under a new rule implemented by the Biden administration. The rule aims to generate more revenue for taxpayers and protect them from cleanup costs. This is the first comprehensive update to the federal oil and gas leasing program in over 30 years.
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India asks power companies to fire up underused plants as demand surgesAnticipating increased demand during the hot summer months, the government has issued orders to ensure sufficient power generation.
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