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Type One energy has announced its intention to use a retired TVA coal plant site, the Bull Run Fossil Plant in Oak Ridge, Tennessee, as the site for a prototype fusion reactor with the hope to eventually commercialize fusion power – and maybe even find a neat way to use old EV batteries to help power the process.

The Bull Run Fossil Plant was a coal-powered generation facility first opened in 1967 and shut down on December 1, 2023 – just over two months ago. It was run by the Tennessee Valley Authority (TVA), the largest public utility in the US, and sits just across the river from Oak Ridge, the site of the Oak Ridge National Laboratory (ORNL), one of America’s most important national science labs.

Despite only being shut down for two months, claims are already being made on the site. Due to its close location to ORNL, a lab that has studied fusion since the 1950s, it seems a natural choice for another fusion experiment – enter Type One energy, a company looking to work toward the commercialization of fusion power.

Type One Energy ambitiously gets its name from Type I on the Kardashev scale, a theoretical measurement intended to describe how advanced a civilization is. A Type I civilization is able to harness all of the energy available on a single planet – currently, humanity’s total energy production is about three orders of magnitude, or a thousand times, below this benchmark.

So, just starting with the name, Type One’s goals seem… optimistic, to say the least.

What is fusion?

For a basic primer on what we’re talking about here, Nuclear Fusion differs significantly from Nuclear Fission. Fusion is the reaction that happens inside of stars like our Sun, whereas Fission is what powers current commercial nuclear reactors.

Fission, in current nuclear reactors, takes large, rare, radioactive atoms (like Uranium-235) and splits them apart, which releases energy when the bonds between neutrons in the nucleus of these atoms are broken. The major downside is that this reaction creates radioactive material, with nuclear waste still being an unsolved problem.

Fusion, however, works by taking smaller atoms and fusing them together. The most promising fusion reaction uses deuterium and tritium, two rare isotopes of hydrogen that have extra neutrons in their nuclei. Deuterium is rare, but still relatively easily found in normal seawater (about one in every 6,000 natural hydrogen atoms are deuterium), whereas tritium is almost nonexistent in nature and would be manufactured by splitting lithium atoms.

Incidentally, this is a potential use for lithium from old EV batteries.

When the deuterium and tritium atoms are fused together it creates a normal helium atom and releases a free neutron, from which energy can be harvested.

The upside of fusion is that it does not produce long-lived radioactive waste, and that it is incredibly energetic, with the amount of deuterium in 1 gallon of ordinary seawater (about half a milliliter of deuterium) theoretically able to generate the amount of energy from combusting 300 gallons of oil. Fusion reactors are also considered to be inherently safer as there is no possibility of a meltdown.

The downside is that fusion requires extremely difficult conditions to occur, and those conditions cost a lot of energy to maintain. You can get a hint of this by looking at the location where fusion naturally happens – at the center of stars, at temperatures of tens of millions of degrees and pressures of trillions of pounds per square inch.

The state of fusion today

So it sounds like a science fiction concept, and ever since it was first envisioned in the 1950s, it has been. Humanity has never been able to achieve a fusion reaction that generated more energy than it took to create… until recently.

You may have heard the news last year that scientists had achieved “net energy gain” from a fusion reaction. This means that more energy was released by the fusion reaction than the amount of energy from the lasers used to produce the temperatures needed. This is denoted by the symbol Q, with Q numbers above 1 meaning net energy gain. The current record is Q = 1.54.

But that’s not everything, because not all of that energy can be effectively harnessed, so in order to reach the point where fusion actually becomes viable for electricity generation, the reaction must create enough energy to become self-sustaining – as long as more deuterium/tritium fuel is added, the reaction will continue, much like adding more logs to an already-burning fireplace.

The primary technology advancement needed for the Type One facility is high-temperature superconducting magnets, which have generally seen remarkable progress in recent years and are now the focus of multiple companies working to adapt the basic technology for fusion energy applications. Given what is known from a scientific development standpoint, ORNL considers the step envisioned by Type One as reasonable and achievable. While success is not guaranteed, we view the risk-to-reward profile of this facility as appropriate. If successful, the results from this facility would provide a solid basis for a second-generation facility focused on energy production.

Mickey Wade, associate lab director of fusion and fission energy and science, ORNL

For a self-sustaining reaction, a ratio of about Q = 5 is thought to be necessary to reach the level of viability for electricity production. But once that milestone is reached, Q increases arbitrarily, because the self-sustaining nature of the reaction means that little to no energy will be needed to be spent externally to maintain the reaction.

Type One’s plans

Type One thinks it can reach this milestone, though probably not for years still – it sets the target at about a decade from now. As of now, it wants to build a prototype reactor it’s calling Infinity One at the Bull Run site, with the intent of “retiring risks” before building a future pilot power plant.

There are a number of other fusion reactors in the world, but most of them are from public institutions run by academic, governmental, or intergovernmental sources. There are a few other fusion startups, but Type One thinks that it will be the first private company to build a functional stellerator prototype. Fusion reactors come in two types: stellerators and tokamaks, with each having their advantages but tokamaks being more common.

Stellerators have a “funky” shape because it helps keep the plasma more stable, but they are harder to construct. Tokamaks just look like a donut.

Many of the company’s personnel have already been part of stellerator projects in other settings, so there is plenty of expertise associated – including CTO Dr. Thomas Sunn Pederson, who we spoke to for this story, who previously worked on the record-setting W7X stellerator in Germany.

The plan has been enough to get the company noticed by some government entities, with the Department of Energy choosing it as one of eight companies to receive part of $46 million in funding. Here’s the full list of those companies, six of which ORNL is also partnering with:

  • Commonwealth Fusion Systems (Cambridge, MA)
  • Focused Energy Inc. (Austin, TX)
  • Princeton Stellarators Inc. (Branchburg, NJ)
  • Realta Fusion Inc. (Madison, WI)
  • Tokamak Energy Inc. (Bruceton Mills, WV)
  • Type One Energy Group (Madison, WI)
  • Xcimer Energy Inc. (Redwood City, CA)
  • Zap Energy Inc. (Everett, WA)

Type One is also the first company to receive grants via a new Tennessee program to encourage innovation and investment in nuclear energy, and closed an investment seed round of $29 million last year.

As for involvement from TVA and ORNL, both entities are “collaborating” with Type One, but are a little more measured in their expectations than the company itself is.

TVA is a clean energy leader. With the retirement of Bull Run plant, TVA is in the unique position to partner with Type One and ORNL to explore the repurposing of a portion of the facility toward the advancement of fusion energy research.  As TVA works to be net-zero by 2050, we must work together to identify potential clean energy technologies of the future. Being able to further the advancement of fusion energy research provides a win-win proposition for TVA and the people of the valley.

-TVA spokesperson

Despite Type One’s announcement today of its selection to pursue the use of TVA’s Bull Run site, TVA issues a reminder that the project is contingent on proper completion of necessary environmental reviews, permits, operating licenses and so on. While TVA has signed a memorandum of understanding with the company and with ORNL, it hasn’t yet formally agreed to lease part of the property to Type One. But it does see the unique opportunity to use a former coal for research into the future of energy, especially in a spot that’s so close to one of the centers of American fusion research at Oak Ridge labs.

Construction on the pilot research project could start as early as 2025, and be completed as early as 2028.

Electrek’s Take

This story interested me primarily due to the angle of turning a site that used to generate the dirtiest possible electricity into one that generates what would likely become the cleanest form of electricity, which is quite poetic.

And fusion energy, in particular, has incredible promise if it’s ever achieved. It could solve a tremendous amount of our societal problems – but like everything else, this only works if the benefits are properly distributed, and our current sociopolitical systems aren’t all that great at doing that.

But it could, at least, help to solve climate change, by offering a highly energetic energy source that also releases zero emissions, and has even fewer auxiliary impacts than other current clean energy sources (e.g. habitat disruption, panel/turbine recycling, and so on). And, relevant to Electrek, if lithium is needed to make tritium, then that gives us something we could use recycled EV batteries for, which is pretty cool.

But we also shouldn’t get too far ahead of ourselves here, because it sounds like this project is in very early stages. Today’s press release is a pretty minor step – Type One is just announcing the site that it wants to use, which hasn’t even been secured yet. And while we had a great conversation with Type One, the responses we got from TVA and ORNL were much more noncommittal. So there was an excitement disconnect there, which is to be expected between a company and a government entity, but it still reminded us that all of this is still some ways off.

So there’s a lot of steps between here and fusion energy, and frankly, I think that the biggest breakthroughs in fusion are not likely to come from a private company but from academic or governmental research, at least for the time being.

We will eventually need companies to come in and figure out commercial viability, so getting started on that earlier than later is all well and good, but we’re still going to be waiting for a while before that viability happens – and unfortunately, we don’t have time to wait to solve climate change. So, while fusion might help, we still need to get to work now on emissions reductions immediately.

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Tesla launches new software update with Grok, but it doesnt even interface with the car

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Tesla launches new software update with Grok, but it doesnt even interface with the car

Tesla has launched a new software update for its vehicles that includes the anticipated integration of Grok, but it doesnt even interface with the car yet.

Earlier this week, CEO Elon Musk said that Tesla would integrate Grok, the large language model developed by his private company, xAI, into its vehicles.

Today, Tesla started pushing the update to the fleet, but there’s a significant caveat.

The automaker wrote in the release notes (2025.26):

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Grok (Beta) (US, AMD)

Grok now available directly in your Tesla

Requires Premium Connectivity or a WiFi connection

Grok is currently in Beta & does not issue commands to your car – existing voice commands remain unchanged.

First off, it is only available in vehicles in the US equipped with the AMD infotainment computer, which means cars produced since mid-2021.

But more importantly, Tesla says that it doesn’t send commands to the car under the current version. Therefore, it is simply like having Grok on your phone, but on the onboard computer instead.

Tesla showed an example:

There are a few other features in the 2025.26 software update, but they are not major.

For Tesla vehicles equipped with ambient lighting strips inside the car, the light strip can now sync to music:

Accent lights now respond to music & you can also choose to match the lights to the album’s color for a more immersive effect

Toybox > Light Sync

Here’s the new setting:

The audio setting can now be saved under multiple presets to match listening preferences for different people or circumstances:

The software update also includes the capacity to zoom or adjust the playback speed of the Dashcam Viewer.

Cybertruck also gets the updated Dashcam Viewer app with a grid view for easier access and review of recordings:

Tesla also updated the charging info in its navigation system to be able to search which locations require valet service or pay-to-park access.

Upon arrival, drivers will receive a notification with access codes, parking restrictions, level or floor information, and restroom availability:

Finally, there’s a new onboarding guide directly on the center display to help people who are experiencing a Tesla vehicle for the first time.

Electrek’s Take

Tesla is really playing catch-up here. Right now, this update is essentially nothing. If you already have Grok, it’s no more different than having it on your phone or through the vehicle’s browser, since it has no capacity to interact with any function inside the vehicle.

Most other automakers are integrating LLMs inside vehicles with the capacity to interact with the vehicle. In China, this is becoming standard even in entry-level cars.

In the Xiaomi YU7, the vehicle’s AI can not only interact with the car, but it also sees what the car sees through its camera, and it can tell you about what it sees:

Tesla is clearly far behind on that front as many automakers are integrating with other LLMs like ChatGPT and in-house LLMs, like Xiaomi’s.

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Robinhood is up 160% this year, but several obstacles are ahead

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Robinhood is up 160% this year, but several obstacles are ahead

Florida AG opens probe into Robinhood. Here's the latest

Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks.

Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower.

The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry.

For fintech firms that rely on thin margins to offer free or low-cost services to customers, even slight disruptions to their cost structure can have major ripple effects. PayPal and Affirm both ended the day nearly 6% lower following the report.

Despite its stellar year, the online broker is facing several headwinds, with a regulatory probe in Florida, pushback over new staking fees and growing friction with one of the world’s most high-profile artificial intelligence companies.

Florida Attorney General James Uthmeier opened a formal investigation into Robinhood Crypto on Thursday, alleging the platform misled users by claiming to offer the lowest-cost crypto trading.

“Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said in a statement.

The probe centers on Robinhood’s use of payment for order flow — a common practice where market makers pay to execute trades — which the AG said can result in worse pricing for customers.

Robinhood Crypto General Counsel Lucas Moskowitz told CNBC its disclosures are “best-in-class” and that it delivers the lowest average cost.

“We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” added Moskowitz.

Robinhood CEO Vlad Tenev explains 'dual purpose' behind trading platform's new crypto offerings

Robinhood is also facing opposition to a new 25% cut of staking rewards for U.S. users, set to begin October 1. In Europe, the platform will take a smaller 15% cut.

Staking allows crypto holders to earn yield by locking up their tokens to help secure blockchain networks like ethereum, but platforms often take a percentage of those rewards as commission.

Robinhood’s 25% cut puts it in line with Coinbase, which charges between 25.25% and 35% depending on the token. The cut is notably higher than Gemini’s flat 15% fee.

It marks a shift for the company, which had previously steered clear of staking amid regulatory uncertainty.

Under President Joe Biden‘s administration, the Securities and Exchange Commission cracked down on U.S. platforms offering staking services, arguing they constituted unregistered securities.

With President Donald Trump in the White House, the agency has reversed course on several crypto enforcement actions, dropping cases against major players like Coinbase and Binance and signaling a more permissive stance.

Even as enforcement actions ease, Robinhood is under fresh scrutiny for its tokenized stock push, which is a growing part of its international strategy.

The company now offers blockchain-based assets in Europe that give users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles, or SPVs.

An SPV is a separate entity that acquires shares in a company. Users then buy tokens of the SPV and don’t have shareholder privileges or voting rights directly in the company.

OpenAI has publicly objected, warning the tokens do not represent real equity and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenev acknowledged the tokens aren’t technically equity shares, but said that misses the broader point.

JPMorgan announces plans to charge for access to customer bank data

“What’s important is that retail customers have an opportunity to get exposure to this asset,” he said, pointing to the disruptive nature of AI and the historically limited access to pre-IPO companies.

“It is true that these are not technically equity,” Tenev added, noting that institutional investors often gain similar exposure through structured financial instruments.

The Bank of Lithuania — Robinhood’s lead regulator in the EU — told CNBC on Monday that it is “awaiting clarifications” following OpenAI’s statement.

“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” a spokesperson said, adding that information for investors must be “clear, fair, and non-misleading.”

Tenev responded that Robinhood is “happy to continue to answer questions from our regulators,” and said the company built its tokenized stock program to withstand scrutiny.

“Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.”

SEC Chair Paul Atkins recently called the model “an innovation” on CNBC’s Squawk Box, offering some validation as Robinhood leans further into its synthetic equity strategy — even as legal clarity remains in flux across jurisdictions.

Despite the regulatory noise, many investors remain focused on Robinhood’s upside, and particularly the political tailwinds.

The company is positioning itself as a key beneficiary of Trump’s newly signed megabill, which includes $1,000 government-seeded investment accounts for newborns. Robinhood said it’s already prototyping an app for the ‘Trump Accounts‘ initiative.

WATCH: Watch CNBC’s full interview with Robinhood CEO Vlad Tenev

Watch CNBC's full interview with Robinhood CEO Vlad Tenev

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Hyundai and Kia are betting on lower-priced EVs to ride out tariffs

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Hyundai and Kia are betting on lower-priced EVs to ride out tariffs

Korean auto giants Hyundai and Kia think lower-priced EVs will help minimize the blow from the new US auto tariffs. Hyundai is set to unveil a new entry-level electric car soon, which will be sold alongside the Kia EV2. Will it be the IONIQ 2?

Hyundai and Kia shift to lower-priced EVs

Hyundai and Kia already offer some of the most affordable and efficient electric vehicles on the market, with models like the IONIQ 5 and EV6.

In Europe, Korea, Japan, and other overseas markets, Hyundai sells the Inster EV (sold as the Casper Electric in Korea), an electric city car. The Inster EV starts at about $27,000 (€23,900), but Hyundai will soon offer another lower-priced EV, similar to the upcoming Kia EV2.

The Inster EV is seeing strong initial demand in Europe and Japan. According to a local report (via Newsis), demand for the Casper Electric is so high that buyers are waiting over a year for delivery.

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Hyundai is doubling down with plans to introduce an even more affordable EV, rumored to be the IONIQ 2. Xavier Martinet, CEO of Hyundai Motor Europe, said during a recent interview that “The new electric vehicle will be unveiled in the next few months.”

Hyundai-Kia-lower-priced-EVs
Hyundai Casper Electric/ Inster EV models (Source: Hyundai)

The new EV is expected to be a compact SUV, which will likely resemble the upcoming Kia EV2. Kia will launch the EV2 in Europe and other global regions in 2026.

Hyundai is keeping most details under wraps, but the expected IONIQ 2 is likely to sit below the Kona Electric as a smaller city EV.

Hyundai-Kia-lower-priced-EVs
Kia Concept EV2 (Source: Kia)

More affordable electric cars are on the way

Although nothing is confirmed, it’s expected to be priced at around €30,000 ($35,000), or slightly less than the Kia EV3.

The Kia EV3 starts at €35,990 in Europe and £33,005 in the UK, or about $42,000. Through the first half of the year, Kia’s compact electric SUV is the UK’s most popular EV.

Hyundai-Kia-lower-priced-EVs
Kia EV3 (Source: Kia)

Like the Hyundai IONIQ models and Kia’s other electric vehicles, the EV3 is based on the E-GMP platform. It’s available with two battery packs: 58.3 kWh or 81.48 kWh, providing a WLTP range of up to 430 km (270 miles) and 599 km (375 miles), respectively.

Hyundai is expected to reveal the new EV at the IAA Mobility show in Munich in September. Meanwhile, Kia is working on a smaller electric car to sit below the EV2 that could start at under €25,000 ($30,000).

Hyundai-Kia-lower-priced-EVs
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)

According to the report, Hyundai and Kia are doubling down on lower-priced EVs to balance potential losses from the new US auto tariffs.

Despite opening its new EV manufacturing plant in Georgia to boost local production, Hyundai is still expected to expand sales in other regions. An industry insider explained, “Considering the risk of US tariffs, Hyundai’s move to target the European market with small electric vehicles is a natural strategy.”

Hyundai-Kia-lower-priced-EVs
2025 Hyundai IONIQ 5 (Source: Hyundai)

Although Hyundai is expanding in other markets, it remains a leading EV brand in the US. The IONIQ 5 remains a top-selling EV with over 19,000 units sold through June.

After delivering the first IONIQ 9 models in May, Hyundai reported that over 1,000 models had been sold through the end of June, its three-row electric SUV.

While the $7,500 EV tax credit is still here, Hyundai is offering generous savings with leases for the 2025 IONIQ 5 starting as low as $179 per month. The three-row IONIQ 9 starts at just $419 per month. And Hyundai is even throwing in a free ChargePoint Home Flex Level 2 charger if you buy or lease either model.

Unfortunately, we likely won’t see the entry-level EV2 or IONIQ 2 in the US. However, Kia is set to launch its first electric sedan, the EV4, in early 2026.

Ready to take advantage of the savings while they are still here? You can use our links below to find deals on Hyundai and Kia EV models in your area.

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