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(Reuters) – The U.S. Energy Department has offered a $26.54 billion loan to subsidiaries of Southern Co to increase grid reliability, the largest ever such financing by its loan office, the department said on Wednesday. The loans will save power customers in Georgia and Alabama more than $7 billion, the department said, without detailing how. …
US Offers Largest Ever Energy Loan With $26.5 Billion to Southern Co Read More »
Ron Bousso (Reuters) – Big Tech’s race to dominate artificial intelligence may soon hit a nasty road bump as U.S. electricity grids struggle to keep pace with the big-spending hyperscalers. America’s technology giants, including Microsoft, Amazon, Alphabet and Meta, have in recent months announced plans to spend over $600 billion on AI in 2026 alone. The investment wave has already fuelled …
Feb 24 (Reuters) – Alphabet’s (GOOGL.O) Google doubled down on efforts to secure power supply for its data centers across the country by entering into separate agreements with U.S. utilities, AES Corp (AES.N) and Xcel Energy (XEL.O), on Tuesday. Big Tech firms have been scouring for new, reliable and cleaner energy sources to power their …
Google Signs AES, Xcel Supply Deals to Meet Data-Center Energy Needs Read More »
Feb 23 (Reuters) – Dominion Energy (D.N) forecast annual profit below Wall Street expectations on Monday, but raised its five-year capital spending plan by nearly 30% as the utility ramps up its efforts to meet soaring electricity demand. U.S. utilities have been adding billions of dollars to their capital expenditure budgets amid extreme weather conditions …
Dominion Energy Forecasts Annual Profit Below Estimates, Raises Spending Plan Read More »
By Jennifer A Dlouhy and Naureen S Malik US President Donald Trump’s plan for Japan to build a massive gas power plant in Ohio promises a flood of electricity in a region desperate for it. It also heralds risks for others eager to meet the demand — but without the same political support. The prospect …
Trump-Backed Gas Project Has Competitors Rattled Over Risks Read More »
By Bruno Venditti | Graphics/Design Christina Kostandi Key Takeaways Renewables generate 67% of Canada’s electricity, compared to just 22% in the U.S. Natural gas is the top power source in most U.S. states, while hydro dominates in Canada. Coal, nuclear, wind, solar, and even petroleum still lead in select regions. What powers your state or …
Mapped: What Powers Each U.S. State and Canadian Province? – Visual Capitalist Read More »
By Marilen Martin Siemens Energy AG’s Chief Executive Officer Christian Bruch has a message for investors worried about surging spending on data centers: Don’t fear a bubble. “So far, we see reservations more or less one to one converting into effective orders,” Bruch said Wednesday on Bloomberg Television. “I’m relatively comfortable going forward that this …
Siemens Energy CEO Sees Data Center Boom Lasting on Power Needs Read More »
By Christoph Steitz and Tom Käckenhoff First-quarter net profit surges to 746 million euros Siemens Gamesa’s operating loss narrows to 46 million euros Siemens Energy shares have risen more than ten-fold since 2024 Shares up 5% to record high FRANKFURT/DUESSELDORF, Feb 11 (Reuters) – Siemens Energy’s (ENR1n.DE) net profit nearly tripled in the first three …
Siemens Energy Profit Soars on AI-Driven Power Demand, Shares Hit Record Read More »
(Reuters) – U.S. power consumption, which hit its second straight record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours in 2025 to 4,268 billion kWh in 2026 and …
US Power Use to Beat Record Highs in 2026 and 2027, EIA Says Read More »
Feb 9 (Reuters) – French oil major TotalEnergies (TTEF.PA) on Monday signed two long-term deals to supply solar power to Google’s (GOOGL.O) data centres in Texas, as it looks to tap rising electricity demand driven by artificial intelligence. Total will deliver 1 gigawatt of capacity – equivalent to 28 terawatt-hours of renewable power over 15 …
TotalEnergies to Provide Solar Power to Google’s Texas Data Centres Read More »
