energy
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The European Investment Bank and BNP Paribas announced a €700 million guarantee portfolio on September 29 to support European electricity-grid component manufacturers. The agreement targets the industrial supply chain behind grid expansion, putting financing capacity alongside the physical equipment needed to connect new generation and electricity demand. According to the announcement, the EIB will provide…
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Anthropic’s race for AI compute is becoming a long-duration infrastructure commitment rather than a sequence of short cloud purchases. A confidential IPO filing reviewed by Reuters shows the Claude developer plans at least $518 billion of AI infrastructure spending over roughly the next decade, with much of the obligation structured as non-cancelable commitments. Compute contracts…
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The most durable asset created by the Bitcoin mining boom may not be an ASIC at all. It may be the energized land, substations and grid access surrounding it. A new Reuters Breakingviews analysis says the widening AI power shortage is putting a premium on exactly the infrastructure miners spent years assembling. The scarce asset…
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xAI’s Memphis AI buildout is becoming an energy-storage project on the scale of a power plant. Satellite imagery reviewed by Canary Media shows 720 Tesla Megapack containers at the Colossus 2 campus, while xAI and local utility officials have described a multi-gigawatt-hour battery system designed to let the supercomputer shed grid load when electricity is…
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Fervo Energy’s Cape Station has started sending electricity to the grid in Utah, marking what the company calls the first utility-scale greenfield enhanced geothermal system to reach First Power. According to the company, the first 33-megawatt GeoBlock at Cape Station synchronized with the grid on September 24. It is the opening unit of an approximately…
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Schneider Electric’s new Motivair WCDU delivers up to 3.5 MW of cooling per unit and can coordinate up to 20 units for 30–40 MW AI data halls.
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Hut 8’s 1 GW Beacon Point AI data center in Nueces County, Texas, has received a conditional Base Load classification in ERCOT’s Batch Zero process, preserving a critical path toward energizing one of the largest power-backed AI campuses being developed by a company with roots in Bitcoin mining. The regulatory step is significant because Texas…
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Enphase is building 4 kW IQ Solid-State Transformer modules in Texas for modular AI data-center power racks scaling to 5 MW and converting medium-voltage AC directly to 800 VDC.
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Axelera AI has launched its second-generation Europa accelerator at 629 TOPS and 45 W TDP, with validated Dell and Supermicro systems targeting enterprise AI and AI factories.
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CleanSpark produced 593 BTC in August with 50 EH/s operational hashrate, 201,269 deployed miners, 808 MW utilized and 1.8 GW of power under contract.
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Qualcomm and AWS are collaborating across multiple generations of customized AI data-center silicon and optical connectivity extending to 1.6T.
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Vertiv is expanding its liquid-cooling field services in Europe, the Middle East and Africa through an agreement to acquire Ireland-based King Environmental Services, a specialist in fluid management, commissioning and load testing for high-density data centers. The September 24 agreement matters because liquid cooling is no longer only a rack-level hardware problem. As AI servers…
