Browsing: power
Data centers could contribute to a more than 50% increase in some states’ utility prices by 2030
For years, the American power grid was a bastion of predictable stability. Throughout the 2010s, U.S. electricity demand remained flat…
NextEra’s $67 billion Dominion takeover creates world’s largest utility to win the AI power surge
NextEra Energy’s massive $67 billion deal to acquire Virginia-based Dominion, announced on May 18, will effectively build the world’s largest…
New NRG CEO leans into growth with ‘bring your own power’ for the AI boom and ‘virtual power plants’
Robert Gaudette took over as the new CEO of power and electricity giant NRG Energy at the end of April…
Fervo becomes clean energy’s biggest-ever IPO with $10B valuation—powered by heat and AI’s hunger
Houston geothermal startup Fervo scored Wall Street’s biggest clean energy IPO ever, and its stock opened 35% higher on May…
Enbridge aims to help North America win from the AI boom and the Iran war as the FedEx of energy
Call it the FedEx of energy. Calgary-based Enbridge has grown into the largest oil and gas pipeline company in the…
Utility giant Duke Energy plans to spend industry record $103 billion on growth as data centers boom
Utility giant Duke Energy may not be a household name, but it sits at the epicenter of the AI data…
Feud between AI power startup Fermi and fired CEO and top shareholder heats up over proposed sale
The new leadership of the AI power startup Fermi is feuding with its fired CEO and top shareholder over a…
The struggling AI power startup Fermi is losing both its CEO and chief financial officer as it launches a “2.0”…
U.S. utilities plan $1.4 trillion spending spree, up 30%, for next 5 years amid AI construction boom
U.S. utilities and power generators are hiking their spending plans to record levels at the same time as consumer utility…
Meta orders 10 gas power plants for Hyperion AI campus in Louisiana—over triple the initial plans
Meta will pay for a total of 10 gas-fired power plants—enough to power more than 5 million homes—to electrify its…











