Infrastructure Investment
Nuclear Revival Boosts Infrastructure Investment
TL/DR - Investment in nuclear energy is on the rise, driven by government support, policy changes, and societal pressure for clean energy sources. However, expansion is constrained by inadequate nuclear infrastructure, with estimates suggesting $21 trillion in power grid infrastructure investment is needed globally to reach net zero. Private investment is expected to increase, with […]
Warning Tale for Boosting Infrastructure Investment
TL/DR - The Demopolis Lock, part of the US inland waterways system and responsible for the transport of crucial cargoes, had a catastrophic failure, leading to increased costs and delays. The Inland Waterways Trust Fund, supported by a fuel tax, provides for capital improvements to the waterways system, but the Infrastructure Investment and Jobs Act […]
Biden-Harris Invest $180M in School Energy Infrastructure
TL/DR - The U.S. Department of Energy (DOE) has launched applications for the 2024 Renew America's Schools Prize, a part of President Biden's Investing in America agenda. The initiative will award $180 million to U.S. school districts that implement energy upgrades at K-12 schools, improving air quality and learning environments, especially in underserved communities. The […]
CalPERS Invests $2bn in Infrastructure
TL/DR - California Public Employees Retirement System (CalPERS) has committed $2bn to three new infrastructure projects. The pension fund has allocated $1.7bn to Global Infrastructure Partners V, a fund managed by Global Infrastructure Partners (GIP), with the investment to be divided equally between the fund and a sidecar vehicle associated with it. CalPERS has also […]
Schneider Electric Expands U.S. Manufacturing with $140M Investment
TL/DR - Schneider Electric has announced plans to invest an additional $140 million into its U.S. manufacturing efforts, bringing its total investment since 2020 to more than $440 million. The new funding is expected to create around 750 jobs in manufacturing and related roles to support demand from critical infrastructure, industries, and data centers, with […]
AFL-CIO Praises Biden's Rule Banning Chrysotile Asbestos Use
TL/DR - The US Environmental Protection Agency (EPA) has issued a new rule under the amended Toxic Substance Control Act to protect workers from asbestos. This rule, believed to be a landmark protection for workers, will phase out all current uses and imports of chrysotile asbestos, reducing exposure in workplaces and throughout supply chains. However, […]
Legacy ISP starts $4.8M Fiber Optic Infrastructure Project
TL/DR - The United States Department of Agriculture (USDA) has begun a $4.8 million investment project for Legacy ISP in Italy, Texas, aiming to provide high-speed internet service for rural Texans, connecting over 24,000 people, 1,064 businesses, 73 educational facilities, and 40 farms. This project, part of the USDA's broader effort to fill gaps in […]
Investors Seek Opportunities in Underground Infrastructure
TL/DR - Despite a downturn in mergers and acquisitions (M&A) across sectors last year, the underground trenchless infrastructure industry continues to attract investor interest, primarily due to legislative incentives such as the Inflation Reduction Act and the Chips and Science Act. Opportunities abound in businesses focusing on repair, maintenance, replacement, and services like closed-circuit television […]
AFL-CIO Lauds Biden for Supporting Steelworkers, US Manufacturing
TL/DR - President Biden has called on U.S. Steel Corp. to remain American-owned and operated, a move supported by the AFL-CIO union federation. The President promised to back steelworkers and is using his Investing in America agenda to revitalize American manufacturing, focusing on building infrastructure and products domestically. Biden's stance is that ideas conceived in […]
Future US Water Infrastructure Projects
TL/DR - Water infrastructure includes all man-made and natural features that move and treat water. The U.S. Congress has allocated $55 billion for such projects via the Infrastructure Investment and Jobs Act (IIJA), the largest single investment in water infrastructure in the country's history. Examples of upcoming projects include a $4 billion reservoir in California, […]
