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(Reuters) – Chevron is exploring additional data center deals across the U.S., including the Midwest, Rockies, and Gulf Coast, following its two-decade-long contract to power a Microsoft data center in West Texas, a company executive told Reuters. Oil and gas companies such as Chevron and Exxon Mobil are angling to profit from the record-high electricity …
Chevron Eyes More Deals to Power US Data Centers Read More »
By Tim McLaughlin ICF forecasts 445 GW of US capacity additions through 2030 Those additions equal about 191 GW at peak demand, ICF said ICF estimates the US has 26 GW of excess generating capacity above minimum reliability needs BOSTON, June 25 (Reuters) – U.S. electric grid’s rapid buildout is expanding at a pace that …
Rapid US Grid Growth Could Rival Nation’s Largest System, Report Says Read More »
Takeaways by Bloomberg AI Chevron Corp. signed a 20-year deal with Microsoft Corp. to provide natural-gas fired power for a proposed West Texas data center. The power plant, named Project Kilby, is expected to provide first power by 2028 and will ramp up to 2.67 gigawatts over time. The partnership with Chevron is expected to supply …
Microsoft and Chevron Sign 20-Year Power Deal For Texas Data Center Read More »
Takeaways by Bloomberg AI FERC approved orders to pressure grids to handle hyperscalers’ connection requests within 90 days, and is requiring data centers to pay for their own power and be flexible with electricity consumption. Utilities must now disclose the cost of adding major new consumers to the grid, and grids covering almost two thirds …
US Regulator Makes ‘Interventionist’ Pivot to Speed Data Centers Read More »
Summary Stock-based pay grants for top 15 utility CEOs totals $993 million Grid upgrades could surpass $1 trillion in the next decade, analysts said U.S. residential customers faced 13.4 million disconnections in 2024 – EIA data (Reuters) – The U.S. electric grid’s mounting reliability problems have contributed to higher power bills for millions of homes …
US Grid’s $1 Trillion Problem Could Equal a $1 Billion Payout for Power CEOs Read More »
(Reuters) – Electricity supplies in New York have shrunk over the last five years, leaving one of the most populous U.S. states at risk of falling short of the energy needed to power homes and businesses on the hottest and coldest days of the year, the state grid operator said on Tuesday. The retirement of …
New York State’s Electricity Reserves are Shrinking, Grid Operator Says Read More »
By Paula Sambo, Liana Baker, and Mathieu Dion A surge in electricity demand from artificial intelligence and data centers is reshaping North America’s power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner Brandon Freiman. The power sector has moved from years of flat demand …
AI Power Boom Revives Natural Gas as Infrastructure Bet Read More »
By Bruno Venditti | Graphics/Design: Sam Parker Key Takeaways China accounts for one-third of global electricity demand, a dramatic rise from under 10% in the early 2000s North American countries lead in per capita electricity use among the top consumers due to large homes, climate, and energy-intensive lifestyles Electricity demand reflects both economic activity and living standards. …
These Countries Use the Most Electricity in the World – Visual Capitalist Read More »
By Laila Kearney NEW YORK, June 3 (Reuters) – A record number of mostly gas-fired power plants are expected to connect to the U.S. Midwest grid over the next five years as the area’s electricity demand surges, according to survey results released by the regional grid operator and its member states on Wednesday. Data centers …
By Will Wade and Brody Ford Mounting local opposition to data center construction presents an opening for Bloom Energy Corp., according to its chief executive officer, who pitches its fuel cells as cleaner and quieter than conventional power-generating systems. “Rationally, our deployment should not be a community issue,” Chief Executive Officer KR Sridhar said in …
NIMBY Pushback to Data Centers a Boon for Bloom Energy, CEO Says Read More »
