Today: A luxury residence in Brooklyn is pulling geothermal energy from deep beneath high-rise apartment blocks; USA Rare Earth snaps up Serra Verde for $2.8 billion; EPA calls on data center companies to reuse water.

Welcome back: It isn’t easy to snag an apartment in New York City. It’s even harder to find one that runs on clean energy.

But the hunt for the latter might be easier now that an apartment complex in Brooklyn’s Greenpoint neighborhood is the largest residential geothermal site in the state, and perhaps the country.

WSJ Pro Sustainable Business's Clara Hudson writes that the all-electric buildings reach 37 stories. But the site, which covers an entire city block, goes down deeper than the buildings are tall, with 320 slim boreholes that reach 499 feet beneath the ground.

Geothermal energy is at a turning point in the U.S. The power source has bipartisan support. In New York City, that momentum coincides with a real-estate industry adapting to new clean energy requirements, and residents searching for more energy efficient homes.

Tell me what you think: Send me your feedback and suggestions at perry.cleveland-peck@wsj.com or reply to any newsletter. If you were forwarded this newsletter, you can sign up here.

USA Rare Earth has agreed to acquire the owner of a rare-earth mine and processing plant in Brazil, a move that would strengthen its mine-to-magnets supply chain amid geopolitical tensions between the U.S. and China, The Wall Street Journal's Jiahui Huang and Jon Emont report.

The company said Monday that it will acquire 100% of Serra Verde Group in a cash-and-stock deal valued at about $2.8 billion.

This is the second recent major acquisition in recent months for the Stillwater, Okla.-based company. In November, it acquired Less Common Metals, a U.K. maker of rare-earth metals required to produce magnets used in the auto and defense industries. In January, the federal government moved to inject $1.6 billion into the company, in a move by the Trump administration to shore up U.S. supply of rare-earth minerals.

Rare earths are used in a wide range of clean technologies, including electric vehicles and wind turbines.

The Environmental Protection Agency said it wants to help boost water reuse strategies for companies to cool data centers that drive artificial intelligence, Clara Hudson writes.

The EPA announced an initiative to help reuse water, partly in an effort to assist data centers that need to lower the temperatures of the electrical equipment that powers AI. The EPA said the initiative focuses on water needed for microchips and batteries, automobile and food and beverage manufacturing, as well as agriculture production.

Public concerns about the water used to cool electrical equipment at data centers are rising—particularly in arid areas where there is less water to go around, and data centers need more of it to quell temperatures at their sites. Earlier this week, the city of Oakley, Calif., took measures to tackle water concerns by temporarily halting new data-center projects.

• Energy companies are accelerating searches for new oil-and-gas prospects outside the Middle East amid war and high prices. (WSJ)
   
• A retired attorney is the lead plaintiff in a class-action lawsuit alleging Tesla misled customers about its self-driving promises. (WSJ)
   
• New documents undermine Trump administration’s claims about offshore wind deal with TotalEnergies. (Heatmap)
   
• Salesforce plans to unveil a new artificial intelligence platform, aiming to make its software more valuable amid AI disruption fears. (WSJ)
   
• Affluent Americans with six-figure salaries are increasingly visiting discount retailers for essentials. (WSJ)
   
• There is no financial “workaround” for “mind-boggling” energy price rises in Europe, says EU climate chief. (FT)
   
• Burning wood for power generation can be worse for the climate than burning gas, according to a new report. (Guardian)

WSJ Pro Sustainable Business gives you an inside look at how companies are tackling sustainability. Send your comments to editor Perry Cleveland-Peck at perry.cleveland-peck@wsj.com and reporters Clara Hudson at clara.hudson@wsj.com and Yusuf Khan at yusuf.khan@wsj.com. Follow us on LinkedIn at perrycp, clara-hudson and yusuf_khan.