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Cameco, Brookfield Involved in $80 Billion U.S. Nuclear Reactor Deal

U.S. power consumption from data centres is set to double by 2035 By Rachel Morison The U.S. government agreed a US$80 billion deal with Westinghouse Electric Co. to build nuclear reactors, the latest push to meet rising demand for electricity from artificial intelligence. The strategic partnership — which also involves Brookfield Asset Management and Canadian …

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US Pushes Regulators on Connecting Data Centers to Grid

WASHINGTON, Oct 24 (Reuters) – U.S. Energy Secretary Chris Wright this week directed federal energy regulators to consider a rule aimed at speeding up the connection of power-hungry data centers to electric grids. Wright sent the Federal Energy Regulatory Commission a rule on Thursday that allows customers to file joint, co-located load and generation interconnection …

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Halliburton Is Branching Into Data-Center Power Supplies as Frack Demand Stagnates

Halliburton Co. is diversifying into data-center power generation amid slackening worldwide demand for oilfield fracking. The company has sealed a deal with VoltaGrid LLC to provide electricity generation to data centers, marking its first major foray into powering the artificial-intelligence sector. Halliburton’s move into the data-center industry follows similar moves by oilfield competitors Baker Hughes …

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Texas Oil Men Catch the Buzz About New Nuclear Technology

There’s a rush toward small next-generation reactors as a way to satisfy booming power demand. By Will Wade Country music was playing during lunch as conference attendees wearing cowboy boots talked energy. But the chatter wasn’t about oil — all the buzz was for “electrons.” This year’s Texas Nuclear Summit in Austin experienced a jump …

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EIA Expects Heating US Homes by Electricity to Cost More This Winter Than Last Year

NEW YORK, Oct 15 (Reuters) – U.S. households heated mainly by electricity will spend about 4% more this year to stay warm over the winter due to higher power price forecasts, the Energy Information Administration said on Wednesday in its winter fuels outlook report. Demand growth for electricity from data centers powering the AI boom, …

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Gas Turbine Shortage Is Forcing Companies Back to Coal

By Akshat Rathi, Stephen Stapczynski, and Oscar Boyd Booming electricity demand driven by AI is causing a shortage of gas turbines worldwide, Stephen Stapczynski and Akshat Rathi explain why on Zero podcast. Gas turbine components, rotors and stators, tested at the Siemens Energy AG manufacturing plant in Berlin, Germany. Photographer: Nicolo Lanfranchi/Bloomberg Rising power demand …

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US Public Power Sector Weighs Risks and Rewards of Data Center Customers

(Reuters) – U.S. public power utilities are seeing explosive electricity demand from data centers, with some requests exceeding the total energy currently used by all of their customers combined, CEOs and investors in the not-for-profit power sector said this week. Big Tech’s data center power demand has created an opportunity to grow revenues and investments …

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US Energy Department Cancels $7.6 Billion in Funding Meant for Projects

(Reuters) – The U.S. Department of Energy on Wednesday said it planned to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient returns to taxpayers. The department’s announcement came hours after White House budget director Russell Vought said in a post on X that the administration would …

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Williams Companies to Invest $3.1 Billion in Two Power Projects

U.S. pipeline operator Williams Companies said on Wednesday it plans to invest about $3.1 billion in two additional power-innovation projects. The company also said it would raise its 2025 capital spending plan by $875 million to be between $3.45 billion and $3.75 billion. With U.S. power demand rising, utilities are adding billions to capital plans …

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PG&E Unveils $73 Billion Spending Plan to Meet Surging Data-Center Energy Demand

Sept 29 (Reuters) – U.S.-based utility PG&E Corp (PCG.N) said on Monday it plans to spend $73 billion by 2030 for transmission upgrades to meet the data center-led surge in electricity demand. The company had said in July it was working to serve 10 gigawatts (GW) of new electricity demand from data center projects over …

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