Caterpillar has announced a $725 million expansion of its large engine facility in Indiana, one of the company's biggest manufacturing investments. Caterpillar aims to meet growing global mining, construction and energy demand driven by artificial intelligence, data centers and other critical infrastructure. The company also designated Indiana as one of the first states to benefit from its five-year, $100 million workforce development pledge. As part of that pledge, the company is committing up to $5 million to training initiatives
Coal use hit a record high around the world last year according to the World Resources Institute. The report found that, while more renewables were used overall, decreasing coal's share of the electricity mix, the global surge in power needs meant that more coal was used than ever before, an undeniable signal that we are still in an era of energy addition, where an all of the above approach is needed.
And the EU is working to purchase and stockpile critical raw materials to ensure the supply of minerals and metals for everything from defense to automotive applications. The proposal is part of a new annual work plan presented yesterday and designed to meet "Europe's independence moment."
