According to Nikkei Asia (paywalled), Indonesia has officially launched Southeast Asia's largest floating solar plant. It covers an area of over 250 hectares (2.5 km^2) and should be able to produce enough renewable energy to power 50,000 homes. Interesting Engineering reports: "Today is a historical day because our big dream of building a large-scale renewable energy plant is finally achieved. We managed to build the largest floating solar plant in Southeast Asia, and the third biggest in the world," Widodo is reported to have said at the opening ceremony. "The Cirata floating solar panel is the largest floating solar panel in Southeast Asia, and also the third largest in the world," he added.

China's PowerChina Huadong Engineering Corporation Limited constructed the power plant with Indonesia's state electricity corporation PLN and the United Arab Emirates energy company Masdar. The project had an investment of $145 million. More than 340,000 solar panels cover the reservoir surface, generating 192 MW of electricity annually, complementing existing hydropower at the site. The project had experienced significant delays before construction finally commenced in December 2020. [...]

PLN and Masdar are discussing plans to expand the facility and increase its power generation capacity to 500 MW. The plant occupies only 4% of the dam's reservoir surface, and according to the Indonesian government, solar panels can occupy up to 20% of the surface of a lake or dam, making it an efficient use of space.

Press2ToContinue writes: 01.AI, a Chinese AI startup, has stockpiled enough Nvidia AI and HPC GPUs to last 18 months, in anticipation of a U.S. export ban. Looks like 01.AI is taking "goo big or go home" to a new level with their GPU shopping spree. They're basically the dragon from "The Hobbit," but instead of gold, they're hoarding Nvidia chips. Maybe they're planning the ultimate LAN party or just really into extreme Minecraft graphics. Either way, it's like they say: "In the land of tech embargoes, the one with the secret GPU stash is king." Or in this case, playing 4D chess while the rest of us are stuck figuring out which port the HDMI cable goes into. "We have stockpiled a lot of Nvidia chips," said 01.AI founder Kai-Fu Lee in an interview with Bloomberg. "The jury is out on whether China in 1.5 years can make equivalent or nearly as good chips."

"We will have two parallel universes. Americans will supply their products and technologies to the U.S. and other countries and Chinese companies will build for China and whoever else uses Chinese products. The reality is that they will not compete very much in the same marketplace."

Long-time Slashdot reader AmiMoJo writes: [O]n Wednesday, the company and utility planning to build the first small, modular nuclear plant in the U.S. announced it was cancelling the project. The U.S. has approved a single design for a small, modular nuclear reactor developed by the company NuScale Power. The government's Idaho National Lab was working to help construct the first NuScale installation, the Carbon Free Power Project. Under the plan, the national lab would maintain a few of the first reactors at the site, and a number of nearby utilities would purchase power from the remaining ones.

With the price of renewables dropping precipitously, however, the project's economics have worsened, and backers started pulling out of the project. The final straw came on Wednesday, when NuScale and the primary utility partner, Utah Associated Municipal Power Systems, announced that the Carbon Free Power Project no longer had enough additional utility partners, so it was being cancelled. In a statement, the pair accepted that "it appears unlikely that the project will have enough subscription to continue toward deployment."

The Illinois Senate has approved a plan to allow small modular reactors in the state, lifting a 36-year-old moratorium on new nuclear power installments. Proponents say the plan will ensure the state can meet its carbon-free power production promise by 2045. The Associated Press reports: Environmentalists have criticized the plan, noting that small modular reactors are a decade or more from viability. Sponsoring Sen. Sue Rezin, a Republican from Morris, said that's the reason, coupled with a federal permitting process of as much as eight years, her legislation is timely. "If we want to take advantage of the amazing advancements in new nuclear technology that have occurred over the past couple of decades and not fall behind the rest of the states, we need to act now," Rezin said.

The House has through Thursday -- the scheduled adjournment of the General Assembly's fall session -- to OK the proposal and send it to Gov. J.B. Pritzker. Under the legislation, Illinois would allow development of small modular reactors in January 2026. That's when a report on necessary safety measures and updated guidelines would be due. The plan also tasks the Illinois Emergency Management Agency with oversight of newly installed reactors. Rezin added that layer of inspection, despite her contention that strict federal control is sufficient, to appease a concerned Pritzker. The Democrat cited the issue as one that caused him to side with environmentalists and veto initial legislation Rezin saw approved overwhelmingly last spring.

Velcroman1 writes: Overclocking master Allen 'Splave' Golibersuch surfaced on Tom's Hardware to detail his work with liquid nitrogen to set a slew of new world records with Intel's Raptor Lake Refresh" CPUs. They include 15 world records with the Core i7-14700K and eight records with the Core i5-14600K, along with four records with the Core i9-14900K, spanning benchmarks from Cinebench to wPrime and H265.

"My top speeds were 7,730.11 MHz on all cores on the 14900K, 7,859.05 MHz on the 14600K and 7,600 MHz on the 14700K," writes Splave. "All of these achieved in Cinebench R23 while using Liquid Nitrogen cooling." "At the end of a week of playing around, I broke the 8-core Cinebench record at a crazy 7.73 GHz on all cores," concludes Splave. "Overall, these CPUs potentially OC better than their predecessors and cost the same. It was a rather refreshing refresh, I would say."

A robot in a South Korea distribution center crushed a man to death after the machine apparently failed to differentiate him from the boxes of produce it was handling. The Guardian reports: The man, a robotics company worker in his 40s, was inspecting the robot's sensor operations at a distribution centre for agricultural produce in South Gyeongsang province. The industrial robot, which was lifting boxes filled with bell peppers and placing them on a pallet, appears to have malfunctioned and identified the man as a box, Yonhap reported, citing the police. The robotic arm pushed the man's upper body down against the conveyor belt, crushing his face and chest, according to Yonhap. He was transferred to the hospital but died later, the report said. The BBC notes that the man was "checking the robot's sensor operations ahead of its test run [...] scheduled for November 8." It was originally planned for November 6th, "but was pushed back by two days due to problems with the robot's sensor," the report adds.

U.S. chip group Intel is on track to deliver five upgrades to its advanced manufacturing process in four years, CEO Pat Gelsinger said on Tuesday as the company faces pressure to reassure PC and server-making clients that its technology will remain competitive. From a report: Speaking at Intel Innovation Day in Taipei, Gelsinger said the company's most advanced chip design, the 18A, will move into the test production phase by the first quarter of 2024. "For 18A, we have many test wafers coming out at this moment," the CEO said. "The invention phase of the 18A is now complete, and now we're racing to production."

This production node represents Intel's big bet to reclaim semiconductor manufacturing leadership by 2025. The company also announced it will use this production technology to make chips for outside customers such as Ericsson, instead of using it only for its own products. Its two biggest rivals, Samsung of South Korea and Taiwan Semiconductor Manufacturing Co., are racing to put their own most advanced chips into production in 2025. These 2-nanometer chips are seen as being at a similar level as Intel's 18A. Gelsinger said his company has been aggressively pursuing its "five nodes in four years" plan since he returned to the company in 2021. It usually takes at least two years for a chipmaker to move forward to a new production node.

Tech YouTuber Dave Lee provided a hands-on first look at the new PlayStation 5 "slim" and gave a preview of how it looks compared to the original 2020 launch versions. Kotaku reports: One of his biggest takeaways is that the console, while lighter, doesn't necessarily feel that much smaller in contrast to initial predictions. Maybe that's why Sony's not officially marketing the new device as a "slim" version. From there, Lee runs through some of the less obvious changes. A few we already knew about like the USB-a slot on the front being replaced by two USB-c ports, as well as the t side panels split into two pieces to accommodate the new detachable disc drive. Lee actually showed how the disc drive comes out, and it looks really simple and convenient. There's no screws involved. Instead, putting pressure on a tab releases it from the housing while a socket near the bottom is how it plugs into the rest of the console.

Less neat are the new see-thru plastic pegs that stabilize the console when it's laid horizontal. While they've been added to help secure the PS5 given its new detachable disc drive design, Lee was unimpressed. I kind of agree. They're not a very elegant solution. The same goes for the divided panels themselves. I didn't realize this before, but they actually have different finishes. The bottom is a matte white that's a little different from the current PS5 plates and the top has a glossy finish.

Inside the new PS5, Lee pointed out a handful of differences. The top heat exhaust is less stylized, with plain vents instead of a snail shell like spiral. The internal SSD unit layout is also different. That's the piece that powers the PS5's lighting-quick load speeds, and it's not yet clear if the new design will impact performance at all. Lee's initial testing showed there was no real difference. It will also be interesting to see how the new PS5s deal with heat given its the same CPU running in a smaller layout.

Canon plans to price its new chipmaking gear at a fraction of the cost of ASML Holding NV's best lithography machines, seeking to make inroads in the cutting-edge equipment now playing a central role in the US-China tech rivalry. From a report: The Tokyo-based company's new nanoimprint technology would open up a way for smaller semiconductor makers to produce advanced chips, now almost wholly the domain of the sector's biggest firms, Chief Executive Officer Fujio Mitarai said. "The price will have one digit less than ASML's EUVs," said the 88-year-old, now on his third stint as Canon's president after last stepping back from day-to-day operations in 2016. He added that a final pricing decision hasn't been made.

Veldhoven, Netherlands-based ASML is the only supplier of extreme ultraviolet lithography tools, the world's most advanced chipmaking machines costing hundreds of millions of dollars each. The product of decades of research and investment, EUV rigs are essential for mass-producing the fastest and most energy-efficient chips, which cram millions of transistors into every square millimeter of silicon. Only a handful of cash-rich companies can afford to invest in the tools, which are now under scrutiny for their linchpin status in the tech supply chain. ASML is banned from exporting EUV systems to Chinese customers, following US pressure on its allies to restrict technology flows to Beijing.

The state of Maine is "poised to vote on an unprecedented plan to rid themselves of the state's two largest electric utilities and start with a clean slate," reports the Associated Press: The proposed takeover of two investor-owned utilities that distribute 97% of electricity in the state would mark the first time a U.S. state's utilities were forcibly removed at the same time. The referendum calls for dismantling Central Maine Power and Versant Power and replacing them with a nonprofit utility called Pine Tree Power to operate 28,000 miles (45,000 kilometers) of transmission lines...

The referendum calls for creation of a nonprofit utility with a board made up of mostly elected members and a few appointed ones. A primary selling point is that the new utility would be beholden only to ratepayers, not corporate shareholders, allowing lower costs, greater investments in the grid and improved performance, supporters said. Interest rates for long-term borrowing for capital improvements also would be less costly for Pine Tree Power. Supporters say there's little to lose: Both investor-owned utilities rank near the bottom in customer satisfaction, with longer-than-average response to power outages and higher-than-average electricity rates.

But critics, including Democratic Gov. Janet Mills, worry about the power grid becoming politicized. They also question savings projections because of the billions of dollars needed to buy out the utilities, and worry about the prospect of lengthy litigation. Maine Public Advocate William Harwood contends legal disputes could postpone the new utility's implementation by five to 10 years.
The American Public Power Association estimates that investor-owned utilities serve 66% of America's electricity consumers, according to the article. So the Associated Press notes that "Across the country, ratepayers who are unhappy with their utilities are watching what happens," citing this quote from energy-related research firm Clear View Energy Partners.

"What we say about state policy and trends is that it could become contagious."

Thanks to Slashdot reader jenningsthecat for sharing the article.

Smartphones and electric cars are both powered by lithium-ion batteries, notes the Economist. These "Li-ion" batteries "form the guts of a growing number of grid-storage systems that smooth the flow of electricity from wind and solar power stations. Without them, the electrification needed to avoid the worst effects of global warming would be unimaginable." But unfortunately, building them requires scarce metals.

"A clutch of companies, though, think they have an alternative: making batteries with sodium instead..." And the idea of building "Na-ion" batteries at scale is "gaining traction." Engineers are tweaking designs. Factories, particularly in China, are springing up. For the first time since the Li-ion revolution began, lithium's place on the electrochemical pedestal is being challenged... [A]ccording to Rory McNulty, a research analyst at Benchmark, Chinese firms have 34 Na-ion-battery factories built, being built or announced inside the country, and one planned in Malaysia. Established battery-makers in other places, by contrast, are not yet showing much interest. Even without a five-year plan to guide them, though, some non-Chinese startups are seeking to steal a march by developing alternatives to layered oxides, in the hope of improving the technology, reducing its cost, or both.

One of the most intriguing of these neophytes is Natron Energy, of Santa Clara, California... Natron claims that its cells can endure 50,000 cycles of charging and discharging — between ten and 100 times more than commercial Li-ion batteries can manage. The firm has built a factory in Michigan, which it says will begin production later this year. Other non-Chinese firms are less far advanced, but full of hope. Altris, in Sweden, which is also building a factory, employs a material called Prussian white that substitutes some of the iron in Prussian blue with sodium. Tiamat, in France, uses a polyanionic design involving vanadium. And Faradion, in Britain (now owned by Reliance, an Indian firm), intends to stick with a layered-metal-oxide system.
Thanks to Slashdot reader echo123 for sharing the article.

Bill Gates, noted billionaire philanthropist, discussed the need for "impatient optimism" about both climate change and global development last month during an interview at an international affairs think tank: Q: If you go back a decade, are you more or less optimistic about where we are on climate change now, or then?

Bill Gates: I'm certainly more optimistic because in 2015, when the Paris Agreement was signed, there were so many areas of emission where there wasn't any activity...

Q: if you go back a decade, solar and wind were the most expensive energy sources we had. Since then, the price of solar has dropped 90%, and the price of wind has dropped 70%, and electric vehicles are now economically viable... I know you get excited about innovation. What are some of the areas that you're most excited about for innovation?

Bill Gates: Across this portfolio of 100 companies it's hard to pick my favorite. Some are kind of straightforward, like a company that makes windows where the temperature doesn't cross over, but instead, it blocks getting cold in the winter or hot in the summer, which is very cheap. Or there is a company where you leave your home, and you pump this air through, but it's got a chemical in it. When it sees cracks, it actually seals those cracks. You don't have to find the cracks; you just pump the air in. You can reduce the amount of heat loss between the windows and getting rid of those cracks. You can reduce the energy bill by a factor of two, which then means less load on the overall energy system...

The cement and steel ones are the ones, in a way, I'm most impressed by, because I wasn't sure we'd find anything in those spaces...

Q: The problem, I guess, with cement is that you are taking basically limestone, and then you are converting it to calcium oxide. But the byproduct you get in that conversion process is CO2. Basically, you need a way to capture that CO2....

Bill Gates: As you heat the limestone, that releases CO2. It's exactly as you say, it's an equal number amount of emissions. One of our companies doesn't use limestone. They actually go and find another source of calcium, which fortunately turns out to be quite abundant and cheap. They make exactly the same cement that we make today, but not using limestone as the input. I was stunned that you could do that.
Gates also hopes to see nuclear power in an economically viable form. "The nuclear industry basically failed, because their product was too expensive. It wasn't because of the waste or safety-type issues, which we can get into those, but it was economics." Bill Gates: First and foremost, you must have a much different economic proposition. The nuclear reactor I'm involved in, TerraPower, we only generate electricity when the renewable sources that have very little marginal costs aren't generating. We just make heat all day, and then only when the bid price of electricity is high enough, do we actually generate electricity, because otherwise, you have all this capital cost that half the time, the solar bid into that market is going to be very low.

I think fission, we shouldn't give up on it. I'm involved in that company only because it may be able to make a significant contribution to [fighting] climate change... I can't overstate how much easier it is to solve the problem if you can mix in some degree of fission or fusion that are there to fill in the periods where renewables are not generating. Cold snaps or where you have these cold fronts just sitting there, that's when houses need the most heating. That's when neither wind nor solar are generating.

Tuesday Orsted cancelled two wind farms near New Jersey that would've generated about 2.2 gigawatts of energy. But the same day America's Interior Department approved plans to install up to 176 wind turbines off the coast of Virginia with an estimated capacity of about 2.6 gigawatts of clean energy.

Located approximately 27 miles from the shores of Virginia Beach, the project will be America's largest offshore wind project, capable of powering over 900,000 homes. In just its first 10 years it should save customers $3 billion in fuel costs, Dominion Energy told the Associated Press: Dominion expects construction to be completed by late 2026... Construction of the project in Virginia is expected to support about 900 jobs each year and then an estimated 1,100 annual jobs during operations, the Interior Department said. The initiative has gained wide support from Virginia policymakers and political leaders, including Republican Gov. Glenn Youngkin, who last week attended a reception marking the arrival of eight monopile foundations for the windfarm.
Two pilot turbines have already been in place since 2020, the article points out. And when finished the new wind farm "would bolster and eventually replace the mostly natural gas-powered electricity that is contributing to costly climate change," reports MarketWatch President Biden, early in his first term, announced a goal of installing 30 gigawatts of offshore wind power by 2030, enough to power 10 million homes and prevent the spewing of 78 million metric tons of carbon-dioxide emissions... U.S. offshore wind has been helped along by nearly $8 billion in investments since Biden signed his signature, climate-heavy Inflation Reduction Act a little over a year ago... Biden's team has projected that the U.S. could install 110 gigawatts of offshore wind power by 2050, a major jump considering there is less than 1 gigawatt installed today. Land-based wind farms across the U.S. already produce more than 140 gigawatts of energy, contributing to about 10% of the nation's energy portfolio...

When measured by announced plans and pledges, the country has been barreling toward its offshore goal. To date, the Department of the Interior has approved four New England-based projects that, together with the new Coastal Virginia Offshore Wind project, promise to deliver 5 gigawatts of electricity, enough to power 1.75 million homes with average power use. A total of more than 51 gigawatts of wind power capacity is in the works off U.S. shores and the most ambitious 10 coastal states have combined offshore wind goals of generating more than 81 gigawatts.

Officially, Intel's Itanium chips and their IA-64 architecture died back in 2021, when the company shipped its last processors. But failed technology often dies a million little deaths. From a report: To name just a few: Itanium also died in 2013, when Intel effectively decided to stop improving it; in 2017, when the last new Itanium CPUs shipped; in 2020, when the last Itanium-compatible version of Windows Server stopped getting updates; and in 2003, when AMD introduced a 64-bit processor lineup that didn't break compatibility with existing 32-bit x86 operating systems and applications.

Itanium is dying another death in the next version of the Linux kernel. According to Phoronix, all code related to Itanium support is being removed from the kernel in the upcoming 6.7 release after several months of deliberation. Linus Torvalds removed some 65,219 lines of Itanium-supporting code in a commit earlier this week, giving the architecture a "well-earned retirement as planned."

An anonymous reader quotes a report from Ars Technica: There's plenty of fear, uncertainty, and doubt about electric cars and the potential risk of battery fires, but the regular old 12 V battery is responsible for Toyota issuing a recall for more than 1.8 million cars this week. Toyota says the problem is due to differences in the sizes of replacement batteries -- some have smaller tops than others, and if a smaller-top battery isn't held in properly by its clamp, the battery could move under hard cornering, letting the positive terminal contact the clamp, causing a short-circuit and possible fire risk.

The problem affects 2013-2018 RAV4s -- about 1,854,000 of them, according to Toyota. The official National Highway Traffic Safety Administration safety recall notice has not yet been posted, but NHTSA's Office of Defects Investigation has had an open case looking into the problem since February 2021, after 11 complaints about "non-crash thermal events" starting in the engine bays of RAV4s. Toyota says that it's working on a new hold-down clamp, battery tray, and positive terminal cover. Once those are ready, the automaker will replace those components for free. The automaker says owners should be contacted about the recall by late December.

An anonymous reader quotes a report from TechCrunch: A relatively new venture founded by Navneet Dalal, an ex-Google research scientist, Matic, formerly known as Matician, is developing robots that can navigate homes to clean "more like a human," as Dalal puts it. Matic today revealed that it has raised $29.5 million, inclusive of a $24 million Series A led by a who's who of tech luminaries, including GitHub co-founder Nat Friedman, Stripe co-founders John and Patrick Collison, Quora CEO Adam D'Angelo and Twitter co-founder and Block CEO Jack Dorsey.

Dalal co-founded Matic in 2017 with Mehul Nariyawala, previously a lead product manager at Nest, where he oversaw Nest's security camera portfolio. [...] Early on, Matic focused on building robot vacuums -- but not because Dalal, who serves as the company's CEO, saw Matic competing with the iRobots and Ecovacs of the world. Rather, floor-cleaning robots provided a convenient means to thoroughly map indoor spaces, he and Nariyawala believed. "Robot vacuums became our initial focus due to their need to cover every inch of indoor surfaces, making them ideal for mapping," Dalal said. "Moreover, the floor-cleaning robot market was ripe for innovation." [...] "Matic was inspired by busy working parents who want to live in a tidy home, but don't want to spend their limited free time cleaning," Dalal said. "It's the first fully autonomous floor cleaning robot that continuously learns and adapts to users' cleaning preferences without ever compromising their privacy."

There are a lot of bold claims in that statement. But on the subject of privacy, Matic does indeed -- or at least claims to -- ensure data doesn't leave a customer's home. All processing happens on the robot (on hardware "equivalent to an iPhone 6," Dalal says), and mapping and telemetry data is saved locally, not in the cloud, unless users opt in to sharing. Matic doesn't even require an internet connection to get up and running -- only a smartphone paired over a local Wi-Fi network. The Matic vacuum understands an array of voice commands and gestures for fine-grained control. And -- unlike some robot vacuums in the market -- it can pick up cleaning tasks where it left off in the event that it's interrupted (say, by a wayward pet). Dalal says that Matic can also prioritize areas to clean depending on factors like the time of day and nearby rooms and furniture. Dalal insists that all this navigational lifting can be accomplished with cameras alone. "In order to run all the necessary algorithms, from 3D depth to semantics to ... controls and navigation, on the robot, we had to vertically integrate and hyper-optimize the entire codebase," Dalal said, "from the modifying kernel to building a first-of-its-kind iOS app with live 3D mapping. This enables us to deliver an affordable robot to our customers that solves a real problem with full autonomy."

The robot won't be cheap. It starts at $1,795 but will be available for a limited time at a discounted price of $1,495.

Arm today announced that it has made a strategic investment, a minority stake in Raspberry Pi -- the arm of Raspberry Pi responsible for the new Raspberry Pi 5 and past Raspberry Pi products. From a report: Arm's minority stake extends the long-term partnership between Arm and Raspberry Pi, which has seen Arm CPUs feature in all of the Raspberry Pi and Raspberry Pi Pico SoC. The partnership began way before the Raspberry Pi was available for sale, in 2008 -- when the original board was still just a dream. Fast-forward to 2023 and we have a generation of learners who have taken their first steps with coding, science and electronics thanks to the Raspberry Pi.

An anonymous reader quotes a report from the Associated Press: Pennsylvania cannot enforce a regulation to make power plant owners pay for their planet-warming greenhouse gas emissions, a state court ruled Wednesday, dealing another setback to the centerpiece of former Gov. Tom Wolf's plan to fight global warming. The Commonwealth Court last year temporarily blocked Pennsylvania from becoming the first major fossil fuel-producing state to adopt a carbon-pricing program, and the new ruling makes that decision permanent. The ruling is a victory for Republican lawmakers and coal-related interests that argued that the carbon-pricing plan amounted to a tax, and therefore would have required legislative approval. Wolf, a Democrat, had sought to get around legislative opposition by unconstitutionally imposing the requirement through a regulation, they said. The court agreed in a 4-1 decision.

The regulation written by Wolf's administration had authorized Pennsylvania to join the multistate Regional Greenhouse Gas Initiative, which imposes a price and declining cap on carbon dioxide emissions from power plants. It would be up to Wolf's successor, Democratic Gov. Josh Shapiro, to decide whether to appeal the decision to the state Supreme Court. Shapiro's administration had no comment Wednesday on whether it would appeal, and Shapiro himself hasn't said publicly whether he would follow through on the plan to join the consortium, should the courts allow it. Still, Shapiro is "focused on addressing climate change, reducing emissions, and protecting public health while creating jobs and protecting consumers," Shapiro's administration said in a statement.

Orsted, a Danish offshore wind company, canceled its plans to build two wind farms off the coast of New Jersey -- "a blow to the state's efforts to cut greenhouse gas emissions and the latest shakeout in the U.S. wind industry," reports the New York Times. From the report: The move, which will force Orsted, a Danish company, to write off as much as $5.6 billion, will crimp the Biden administration's plans to make the wind industry a critical component of plans to reduce greenhouse gas emissions. High inflation and soaring interest rates are making planned projects that looked like winners several years ago no longer profitable. "The world has in many ways, from a macroeconomic and industry point of view, turned upside down," Mads Nipper, Orsted's chief executive, said on a call with reporters on Wednesday.

The two projects, known as Ocean Wind 1 and 2, were destined to provide green energy to New Jersey. They were strongly backed by the state's governor, Phil Murphy, a Democrat with national ambitions who stresses his environmental credentials but who has lately drawn scorn for falling short in combating climate change. On Wednesday he suggested that Orsted was a dishonest broker and insisted that the "future of offshore wind" along the state's 130-mile coastline remained strong. Mr. Nipper said Orsted thought that losses on the New Jersey projects would rise over time, so "the only sensible thing is to draw a line in the sand."

Offshore wind and other parts of the renewable industry have hit some snags in Europe, especially in Britain. But Mr. Nipper said the problems were more acute in the United States because early contracts lacked protection from inflation and developers incurred high costs because of delays in approvals during the Trump administration. The company's stock price fell nearly 26 percent on Wednesday after it reported a loss of about $3.2 billion for the third quarter and warned that the write-downs -- essentially a reduction in the value of the company's investments -- would affect Orsted's finances. Orsted is writing off 28.4 billion krone, or about $4 billion, now. The company estimates that it may take another charge of up to 11 billion krone later in the year. The report notes that Orsted still plans to move forward with a $4 billion project called Revolution Wind intended to supply power to consumers in Rhode Island. Other projects are under construction, too, "like Vineyard Wind, which will eventually have 62 turbines in the waters off Martha's Vineyard, Mass."

Joe Rossignol reports via MacRumors: The first benchmark results for the standard M3 chip surfaced in the Geekbench 6 database today, providing a closer look at the chip's CPU performance improvements. Based on the results so far, the M3 chip has single-core and multi-core scores of around 3,000 and 11,700, respectively. The standard M2 chip has single-core and multi-core scores of around 2,600 and 9,700, respectively, so the M3 chip is up to 20% faster than the M2 chip, as Apple claimed during its "Scary Fast" event on Monday.

It's unclear if the results are for the new 14-inch MacBook Pro or iMac, both of which are available with the standard M3 chip, but performance should be similar for both machines. The results have a "Mac15,3" identifier, which Bloomberg's Mark Gurman previously reported was for a laptop with the same display resolution as a 14-inch MacBook Pro. We have yet to see any Geekbench results for the higher-end M3 Pro and M3 Max chips available in most new 14-inch and 16-inch MacBook Pro models.