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Utility Vistra said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand. Shares of the company rose nearly 5% in extended trading. The deal includes about $2.3 billion in cash, $900 million in …
Vistra to Buy Cogentrix Energy in $4.7 Billion Deal Amid Surging Power Demand Read More »
With EV incentives no longer available, hybrid vehicle sales are gaining speed Takeaways by Bloomberg AI Hybrid vehicles are in high demand, with nearly one in six new cars predicted to be a hybrid next year, according to CarGurus Inc. The EV market is slowing in the US, with sales expected to plunge 30% in the …
How Hybrid Models Are Helping Keep Automakers’ Electrification Plans Afloat Read More »
PG&E restores power to 11,000 San Francisco customers after equipment failure (Reuters) – PG&E Corp. crews have restored power to about 11,000 San Francisco customers affected by an outage caused by overhead equipment failure, the company said on Monday. The outage, which began on Sunday at 7:45 p.m. PST (1145 GMT) in San Francisco’s Richmond neighbourhood, had …
PG&E Restores Power to 11,000 San Francisco Customers After Equipment Failure Read More »
* AI data center electricity demand revives peaker power plants * Peakers emit more pollution when they run than typical power plants * The power plants are often located in low-income, minority communities By Laila Kearney In Chicago’s working-class Pilsen neighborhood, a 60s-era oil-fired power plant rises up from an industrial lot behind Dvorak Park, …
AI Data Centers are Forcing Obsolete ‘Peaker’ Power Plants Back into Service Read More »
Dec 22 (Reuters) – Alphabet (GOOGL.O) said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids struggle …
Alphabet to Buy Clean Energy Developer Intersect in $4.75 Billion Deal Amid AI Push Read More »
By Laila Kearney Capacity prices in PJM hit fresh record high PJM’s supply shortfall affects 13-state region, raising power bills Governors push for extended price limits Dec 17 (Reuters) – Power bills for about a fifth of Americans are expected to continue to rise after the largest U.S. grid operator, PJM Interconnection, reported fresh record-high …
By Ari Natter Oil production hit another record this year, climbing above 13.8 million barrels a day in September. Photographer: Robyn Beck/AFP/Getty Images The US is on pace to pump more oil this year than any other nation in history as President Donald Trump puts the federal government’s full weight behind his sweeping agenda to …
Trump Vowed Energy Dominance. Here’s How He’s Doing Read More »
By Ari Natter Oil production hit another record this year, climbing above 13.8 million barrels a day in September. Photographer: Robyn Beck/AFP/Getty Images The US is on pace to pump more oil this year than any other nation in history as President Donald Trump puts the federal government’s full weight behind his sweeping agenda to …
Trump US Vowed Energy Dominance. Here’s How He’s Doing Read More »
Dec 8 (Reuters) – NextEra Energy (NEE.N) on Monday raised its adjusted profit forecast for the current-year as well as 2026, as the utility benefits from a surge in power demand driven by data centers. This move comes amid increased power demand driven by data centers strains grids across the country and as a wave …
NextEra Energy Forecasts Higher Adjusted Profit Growth in 2026 Read More »
(Reuters) – NextEra Energy said on Monday it has expanded its partnership with Google Cloud to scale up data center capacity by multiple gigawatts and boost energy infrastructure across the U.S. Shares of the company were up 2.3% in premarket trading. The deal comes as U.S. electricity demand grows due to rapid AI adoption, prompting cloud …
NextEra Energy, Google Cloud Expand Deal to Add US Capacity Read More »
