Positive Industry News and Events
Technology, Data Centers & Artificial Intelligence
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Energy Transfer Poised for Growth With Rising Demand for Natural Gas-Powered Data Centers
Meeting the Surge: Energy Transfer Fuels Growth in Natural Gas for Power-Hungry Data Centers
The AI and data center boom is boosting demand for natural gas. As said on our third quarter earnings call by co-CEO Tom Long, Energy Transfer is poised to “to capitalize on the anticipated rise in natural gas demand for AI, data centers, natural gas power plants and industrial and onshore manufacturing for decades to… More
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Laser Photonics and Fonon Technologies Deliver Training at Pearl Harbor Naval Shipyard & IMF
Laser Photonics and Fonon Technologies Deliver Training at Pearl Harbor Naval Shipyard & IMF for Effective Use of Laser Technology
ORLANDO, Fl.–(BUSINESS WIRE)–Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, in partnership with its sister company Fonon Technologies, announced the completion of training on the safe and optimal use of a DefenseTech laser system earlier purchased by the Pearl Harbor Naval Shipyard… More
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Meta Issues RFP for Nuclear Energy Developers
Big tech giant is harnessing nuclear power to drive AI innovation and advance sustainability goals
Meta is turning to nuclear energy to meet its growing energy demands for artificial intelligence (AI) innovation. This month the company has announced a request for proposals (RFP) to identify nuclear energy developers capable of delivering 1-4 gigawatts (GW) of new nuclear generation capacity in the United States. This strategic move underscores the big tech… More
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Amazon signs agreements for innovative nuclear energy projects to address growing energy demands
New Small Modular Reactor agreements are part of Amazon’s plan to transition to carbon-free energy.
October 16, 2024 As we continue on our path to net-zero carbon, we recently announced that we matched all of the electricity consumed by our global operations with 100% renewable energy—seven years ahead of our 2030 goal. As the energy needs of our business and customers continue to grow, we’re continuing to invest in renewables while also finding… More
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ExxonMobil Plans Natural Gas Plant for Data Centers
Oil giant targets 1.5 GW plant with carbon capture to power the energy demand of AI growth
ExxonMobil is venturing into the power generation sector with plans for a large-scale natural gas-fired power plant dedicated to supplying energy-intensive data centers. On a call with reporters, the company’s chief executive Darren Woods said they have secured the land and have ongoing conversations with potential customers. According to an article published in The New… More
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KKR and Energy Capital Partners Announce $50 Billion Strategic Partnership
KKR and Energy Capital Partners Announce $50 Billion Strategic Partnership to Support AI Growth Through Investments in Data Centers and Power Generation
Strategic partnership with available capital and scale ready to meet the urgent need to fund data center, power, and grid infrastructure in the U.S. and globally Scaling of AI and cloud infrastructure in the U.S. expected to cost at least $1 trillion by 2030 KKR, a leading global investment firm, and Energy Capital Partners (“ECP”),… More
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Meta selects Entergy, Northeast Louisiana as site of $10B data center
Project is expected to result in 500 or more direct new jobs, more than 1,000 indirect jobs and 5,000 construction workers at peak
Governor Jeff Landry Calls Investment ‘A New Chapter’ for State Project is expected to result in 500 or more direct new jobs, more than 1,000 indirect jobs and 5,000 construction workers at peak. Expansive technology campus will occupy 4 million square feet on the 2,250-acre former Franklin Farm mega site. Entergy worked with Meta to… More
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Crypto Mogul Justin Sun’s $6.2 Million Banana Stunt Takes the Spotlight
Crypto Tycoon Justin Sun Grabs Attention with $6.2 Million Banana Extravaganza
In an unexpected twist, crypto entrepreneur Justin Sun turned a piece of absurdist art into an even more surreal spectacle. On Friday in Hong Kong, Sun, 34, ate the infamous duct-taped banana he purchased for a staggering $6.2 million, making good on a promise he made after the high-profile acquisition. “It’s much better than other… More
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Standard Solar Expands California Presence with Acquisition of 25 MW Solar Project
Standard Solar Expands California Presence with Acquisition of 25 MW Solar Project from Balanced Rock Power
Project to add more renewable energy to California’s grid and preserve a local Joshua Tree habitat Rockville, Md. – Standard Solar, a leading developer and owner of commercial and community solar assets, has acquired the 25 megawatt (MWdc) Windhub Solar B solar project from Balanced Rock Power (BRP), a developer specializing in large-scale renewable energy projects across the… More
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Oklo Secures Partnerships for Up to 750 Megawatts of Power for U.S. Data Centers
Oklo Secures Partnerships for Up to 750 Megawatts of Power for U.S. Data Centers
SANTA CLARA, Calif.– (BUSINESS WIRE) — Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced fission power and nuclear fuel recycling company, has received Letters of Intent (LOIs) and is partnering with two major data center providers to deliver up to 750 megawatts (MW) of low carbon power for data centers across the U.S. These commitments expand… More
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Texas Instruments signs preliminary agreement to receive up to $1.6 billion in CHIPS & Science Act proposed funding
Texas Instruments signs preliminary agreement to receive up to $1.6 billion in CHIPS and Science Act proposed funding for semiconductor manufacturing in Texas and Utah
Proposed funding, coupled with an estimated $6 billion to $8 billion in investment tax credit, will help TI provide geopolitically dependable, 300mm capacity for analog and embedded processing semiconductors. NEWS HIGHLIGHTS: The U.S. Department of Commerce has proposed up to $1.6 billion for TI in direct funding through the CHIPS and Science Act to support three 300mm… More
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Sharon AI & New Era Helium to Form Joint Venture for 90MW Net Zero Energy Data Center
Sharon AI Inc. and New Era Helium Corp to Form Joint Venture for 90MW Net Zero Energy Data Center in the Permian Basin, Texas
NEW YORK – (BUSINESS WIRE) -Sharon AI, Inc. (“Sharon AI”) a High-Performance Computing business focused on Artificial Intelligence, Cloud GPU Compute Infrastructure, and Cloud Storage and New Era Helium Corp. (“New Era Helium,” or “NEH”), an industrial gas business that currently produces helium and natural gas, today announce that they have executed a non-binding letter… More
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AWS Plans 960 MW Nuclear-Powered Data Center in Pennsylvania
AWS Plans 960 MW Nuclear-Powered Data Center in Pennsylvania
AWS Acquires 1200-Acre Nuclear-Powered Data Center Campus in Pennsylvania Amazon Web Services (AWS) has quietly secured a 1200-acre data center campus, co-located with the Susquehanna Steam Electric Station, a nuclear power plant in Salem Township, Pennsylvania. This acquisition was part of a $650 million purchase from Cumulus, the former owner of the site. AWS plans… More
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North America’s EV Battery Factory Boom: Tracking the Race to Power the Future
North America’s EV Battery Factory Boom: Tracking the Race to Power the Future
The onshoring of battery manufacturing for EVs started as a small trend during the COVID-19 pandemic, eventually escalating into a major industrial shift. In 2019, the U.S. had just two operational battery factories and another two under construction. Today, there are around 34 planned, under construction, or operational battery factories in the country. The U.S…. More
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SAP Raises 2024 Guidance After Strong Q3 Performance
SAP Raises 2024 Guidance After Strong Q3 Performance
SAP Raises 2024 Guidance After Strong Q3 Performance SAP has raised its full-year guidance for 2024, following a solid third-quarter performance driven by robust growth in cloud revenue. The company now expects adjusted operating profit to land between €7.8 billion and €8.0 billion, an increase from its previous outlook of €7.6 billion to €7.9 billion…. More
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Honeywell & Google Cloud To Accelerate Autonomous Operations With AI
Honeywell And Google Cloud To Accelerate Autonomous Operations With AI Agents For The Industrial Sector
Google Cloud AI to enhance Honeywell’s product offerings and help upskill the industrial workforce New solutions will connect to enterprise-wide industrial data from Honeywell Forge, a leading IoT platform for industrials October 21, 2024 CHARLOTTE, N.C. and SUNNYVALE, Calif., Oct. 21, 2024 /PRNewswire/ — Honeywell (NASDAQ: HON) and Google Cloud announced a unique collaboration connecting artificial… More
