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The system—with an endowment second only to Harvard’s—is diversifying into wind and solar energy at a fraught time for renewables. By Janet Lorin A crypto data center in Pyote, Texas, on land leased from the University of Texas System. Photographer: Jordan Vonderhaar for Bloomberg Markets Scores of wind turbines, each as tall as a 50-story …
Oil-Rich University of Texas Wants to Cash In on AI, Crypto and Power Read More »
By Will Wade and Riley Griffin The Clinton Power Station in Clinton, Illinois. Photographer: John Dixon/The News-Gazette/AP Photo Constellation Energy Corp. agreed to sell power from an Illinois nuclear plant to Meta Platforms Inc. as artificial intelligence sends power demand soaring. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to buy …
Meta to Buy Nuclear Power From Constellation as AI Demand Soars Read More »
By Laila Kearney Blackstone’s data center plans may affect TXNM acquisition approval TXNM’s sale agreement follows rising electricity demand from AI data centers New Energy Economy to scrutinize Blackstone’s handling of data centers NEW YORK, May 21 (Reuters) – Blackstone Infrastructure’s (BX.N) plans for data centers in New Mexico will be a deciding factor in …
Group That Blocked New Mexico Utility Merger Eyes Data Centers in Blackstone Deal Read More »
By Shirin Ghaffary, Brody Ford, and Emily Chang OpenAI, Oracle and SoftBank hope that the site in Texas is the first of many across the US. The future home of the first Stargate site in Abilene, Texas. Photographer: Bobby Scheidemann for Bloomberg Businessweek Trucks carrying concrete and electrical wiring plod over red clay, weaving in …
(Reuters Breakingviews) – A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the numbers behind the likes of ChatGPT. Yet both technology giants and energy utilities are incentivized to pad projections for how many of these facilities need …
By Naureen S Malik Paul Segal Photographer: LS Power LS Power bet on buying and building natural gas power plants at a time when some analysts considered them almost relics, doomed to be sidelined by solar and wind. Now, utilities see gas-fired plants as essential to meeting a surge of electricity demand from new data …
AI Boom Helps Score $12 Billion Deal for Little-Known LS Power Read More »
By Yogi Schulz AI is sweeping through most organizations. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to their prompt website. AI output is part …
AI Topics for Your Management and Board of Directors – Part 1 – Yogi Schulz Read More »
By Ron Bousso Share of data centres in U.S. power market to more than double by 2030 Natural gas to account for over half of incremental power supply U.S. natural gas production set to peak in early 2030s LONDON, April 29 – The race for AI supremacy could have an unlikely loser: U.S. liquefied natural …
COMMENTARY: US LNG Exporters Could Lose Out As AI Gas Demand Booms Read More »
(Reuters) – U.S. natural gas futures have fallen from a 26-month high hit last month in part due to investor worries that slower economic growth could reduce the amount of gas needed to power data centers and artificial intelligence (AI) in coming years. Analysts have warned that the fallout from U.S. President Donald Trump’s on-again …
US Natgas Futures Prices Decline on Worries About AI Power Demand Growth Read More »
By Elizabeth Elkin Richard KinderPhotographer: Aaron M. Sprecher/Bloomberg Kinder Morgan Inc. billionaire co-founder Rich Kinder has shrugged off concerns in the US natural gas industry over the impact of tariffs on exports, and that demand forecasts related to artificial intelligence may be too optimistic. Kinder said his company still sees a surge demand from AI …
Gas Pipeline Billionaire Kinder Dismisses Tariff, AI Concerns Read More »
