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BofA to Plow $250 Billion Into Critical Infrastructure Projects

Electricity Grid, Energy Topics & Technology, Latest, US News / By

By Paula Seligson and Katherine Doherty Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers pushing for innovation across the country. The investment is intended for projects including data centers and compute power, renewable-power generation, energy storage, natural gas, electricity …

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AI’s Volatile Power Demand Is Damaging Its Own Data Centers

Artificial Intelligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

Equipment failures suggest unforeseen costs and reliability issues at the multibillion dollar facilities. By Naureen S Malik Rapid swings in AI data centers’ power demands are straining vital equipment, causing batteries, generators and cooling systems to malfunction or wear out far sooner than expected. As the AI boom accelerates, these technical problems suggest added costs …

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Hundreds of Millions in Grid Deposits Linger in Uncertainty Following Texas Data Center Pause

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By Laila Kearney Texas’ data center approval pause leaves deposits at risk without timeline for grid approvals Projects had to post $50,000 per megawatt in security to enter Batch Zero Draft September rule could increase nonrefundable deposit share to 80% from 20%, interviews show NEW YORK, Aug 7 (Reuters) – After putting up tens of …

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Trump Is Aiding a Golden Age for Renewable Energy

Electricity Grid, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

By Mark Gongloff Given America’s political environment, you would be forgiven for thinking the country has slipped into a dark age of energy recidivism; burning oil, gas and coal left and right; and tossing wind and solar farms on the scrap heap. In reality, this is looking a lot like a golden age for renewable …

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SpaceX to Build Natural Gas Power Plants for Texas Chip Factory

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

By Dana Hull SpaceX plans to build its own power plants to support the massive semiconductor manufacturing facility it’s developing in Texas with Tesla Inc. “We’re bringing our own power,” Riley Trettel, who oversees energy and data center development for SpaceX, said Wednesday during a public meeting in Grimes County, Texas. “We’re going to be …

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Constellation Energy to Sell Gas Plant to LS Power, Raises Profit Forecast

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By Dharna Bafna Constellation to sell Texas gas plant to LS Power for $860 million Company raises 2026 profit forecast Company beats Q2 profit estimates Aug 6 (Reuters) – Power company Constellation Energy (CEG.O) said on Thursday it will ‌sell a gas plant in Texas to LS Power for $860 million, and raised its current-year …

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RWE, Trump Administration Reach $1.22 Billion Agreement to Cancel Offshore Wind Leases

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, LNG, US News / By

By Nichola Groom RWE will shift investment to gas projects, including Louisiana LNG and US gas power plants Deal is Trump administration’s fifth offshore wind lease cancellation agreement this year RWE had stopped work on US offshore wind last year, citing Trump administration moves against industry Aug 6 (Reuters) – German energy company RWE (RWEG.DE) …

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Cuba Plunges into Darkness as Electric Grid Collapses

CDN and International News, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest / By

(Reuters) – Cuba’s electricity grid collapsed late on Sunday, the state-owned grid ​operator said, plunging the island of ‌about 10 million people into darkness as blackouts become more frequent. The outage follows three nationwide blackouts in ​July and comes as a U.S.-imposed ​oil blockade further strains the island’s ageing ⁠energy infrastructure. The Union Electrica de Cuba gave …

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American Electric Power Lifts Forecast as AI Fuels Electricity Demand

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By Dharna Bafna July 30 (Reuters) – American Electric Power (AEP.O) on Thursday raised ​its current-year operating earnings forecast, supported by robust electricity ‌demand from data centers and other large customers. U.S. utilities are ramping up efforts to address growing demand for power capacity from major technology companies ​that are setting up data centers to …

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Electric Prices Spike Amid Hot Weather in US Midwest

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July 28 (Reuters) – Wholesale electricity prices spiked on Tuesday to more than $500 per megawatt hour in the U.S. ​Midwest as wind generation came in below forecasts ‌and hot weather taxed fossil fuel power plants. The price spikes were most severe along the Nebraska-Iowa border near coal plants ​operated by MidAmerican Energy, a utility …

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