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Cadeler (NYSE:CDLR) took delivery of Wind Ace, its 11th installation vessel, expanding its capacity for offshore wind projects.

The global economy will see $1 trillion of losses per year by 2050 if we don't adapt to changing climate patterns says Sarah Kapnick, Global Head of Climate Advisory at JPMorgan. She sees this leading to a 'structural investment trend' which will see more investment in the power grid and energy transition, especially geothermal and nuclear energy. She spoke to Bloomberg's Lizzy Burden on "The Pulse."

Fervo Energy (NASDAQ:FRVO) reported a first-quarter net loss of $31.8 million while funding multiple utility-scale geothermal facilities.

While the US administration maintains its opposition to wind power, China is now installing nearly 75% of the world's new offshore turbines. From the South China Sea, Bloomberg's Stephen Engle reports on Ming Yang's new 50-megawatt floating turbine and how 45% lower pricing is securing China's lead in the global clean-energy race.