It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.

Excitement is good; delusion isn’t. Let’s demand proof, not promises. Reliable, affordable energy isn’t a luxury—it’s the foundation of modern life—time to get serious about what energy technologies actually scales.”

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Offshore wind is out. Geothermal power is in. And many climate technology start-ups are looking for ways to carry on without federal backing.