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AI to fuel bumper year for M&A in US power sector
13 Mar 2025

AI to fuel bumper year for M&A in US power sector

Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious appetite for assets as the sector gears up to meet massive demand growth from data centers for artificial intelligence.
Tech company Corning, US solar manufacturers partner on American-made panel

Tech company Corning, US solar manufacturers partner on American-made panel

06 Mar 2025
Technology company Corning has struck a deal with U.S. solar manufacturers Suniva and Heliene to produce what will be the only solar panel composed of all American-made components, the companies said on Thursday.
Meta in talks to raise $35 billion for data center financing led by Apollo, Bloomberg News reports

Meta in talks to raise $35 billion for data center financing led by Apollo, Bloomberg News reports

27 Feb 2025
Apollo Global Management is in talks to lead a roughly $35 billion financing package for Meta Platforms to help develop data centers in the U.S., Bloomberg News reported on Thursday citing people with knowledge of the matter.
Exclusive-Chinese lithium company halts tech exports as trade tensions build

Exclusive-Chinese lithium company halts tech exports as trade tensions build

18 Feb 2025
A Chinese company has stopped exporting a piece of equipment used to process the electric vehicle battery metal lithium, in the clearest sign yet manufacturers are already implementing export controls proposed by Beijing.
Energy Transfer signs natural gas supply agreement with CloudBurst

Energy Transfer signs natural gas supply agreement with CloudBurst

11 Feb 2025
U.S. pipeline operator Energy Transfer on Monday entered into a long-term natural gas supply agreement with private, Denver-based company CloudBurst Data Centers for its development in Central Texas.
China's CATL restarts lithium mine, refinery in Jiangxi province
11 Feb 2025

China's CATL restarts lithium mine, refinery in Jiangxi province

Chinese battery giant CATL has reopened its lithium lepidolite mine and refinery in Jiangxi province, a spokesperson for its refinery joint venture partner Lopal Tech said on Tuesday.
LG Energy Solution cuts capex on slowing EV demand after Q4 loss

LG Energy Solution cuts capex on slowing EV demand after Q4 loss

24 Jan 2025
South Korean battery firm LG Energy Solution (LGES) said on Friday it plans to cut capital expenditure by up to 30% this year on slowing electrical vehicle demand growth, after posting a quarterly loss for the first time in three years.
Hydro buys remaining shares in Hydrovolt from Northvolt

Hydro buys remaining shares in Hydrovolt from Northvolt

13 Jan 2025
Norway’s Hydro said on Monday it has agreed to buy the remaining shares in battery recycler Hydrovolt from Swedish electric-vehicle battery maker Northvolt for 78 million Norwegian crowns ($6.79 million). 
Hyundai launches $18,000 EV in Japan to penetrate EV-wary market

Hyundai launches $18,000 EV in Japan to penetrate EV-wary market

10 Jan 2025
South Korea’s Hyundai Motor said on Friday it would introduce the cheapest compact electric car in Japan, to penetrate a market dominated by local giants with established petrol and hybrid vehicle technologies.
Vanguard Group boosts Talen Energy stake to 10.4% as AI demand grows

Vanguard Group boosts Talen Energy stake to 10.4% as AI demand grows

09 Jan 2025
U.S. asset management firm Vanguard Group increased its stake in independent power producer Talen Energy Corp to 10.4%, according to a filing on Wednesday.
Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development
08 Jan 2025

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services (AWS), plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies.
Trina Solar sets world record for solar technology

Trina Solar sets world record for solar technology

07 Jan 2025
China’s Trina Solar has set a new world record for the conversion efficiency of a certain type of solar module, the company said in a statement on Monday. 
Battery maker Northvolt makes progress toward longer-term bankruptcy financing

Battery maker Northvolt makes progress toward longer-term bankruptcy financing

23 Dec 2024
Swedish electric-vehicle battery maker Northvolt said on Friday it expects to line up additional bankruptcy financing by late January after engaging with over 100 lenders and potential investors. 
US AI task force co-chair asks FERC to support co-located data centers - letter

US AI task force co-chair asks FERC to support co-located data centers - letter

09 Dec 2024
A co-chair of the U.S. Congressional artificial intelligence task force urged federal energy regulators this week to support the development of data centers directly connected to power plants, citing national security and competition for global AI dominance.
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

03 Dec 2024
The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.

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