A spike in electricity demand from the world’s big data providers is raising a worrying possibility for the world’s climate: a near-term surge in fossil-fuel use.
The head of investments at German auto maker Volkswagen is leaving the board of Sweden’s Northvolt, the Swedish battery maker said on Monday, confirming media reports.
Governments and businesses must trust in the ability of hydrogen to overcome initial economic hurdles, achieve scale and successfully play a part in achieving Net Zero
China’s Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD.
Northvolt is in talks with investors and lenders to secure about 200 million euros ($218 million) in short-term funding, three sources familiar with the matter said, as the cash-strapped Swedish battery maker seeks to stabilise its finances.
Space startups raised $1.9 billion in the third quarter, up nearly a fifth from a year earlier, fueled by strong investor interest in rocket launchers and satellite manufacturers, according to a Seraphim Space report on Thursday.
Rio Tinto’s $6.7 billion buyout of Arcadium will give it a suite of lithium filtration technologies that are poised to revolutionize how the metal is produced for the electronics and electric vehicle industries.
Marine fuel suppliers at Singapore, world’s largest bunker hub, will be required to provide digital bunkering services and issue electronic bunker delivery notes starting April 1, 2025, Amy Khor, Singapore’s senior minister of state for transport, said at the SIBCON 2024 conference.
A plan by Microsoft to use the restart of a Three Mile Island nuclear reactor to help power its expanding data centers reflects the tech industry’s hopes nuclear energy can be a quick and climate-friendly answer to its massive electricity needs.
BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday.
Hedge funds and portfolio managers have significantly reduced their long positions in oil futures over the past two months, driven by concerns about slowing global demand and rising supply.
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Tuesday.
Facebook owner Meta Platforms struck a deal to buy geothermal power from Sage Geosystems to supply its U.S. data centers, it said on Monday, as it races to build out the infrastructure to support its massive investments in energy-hungry artificial intelligence.
Chevron plans to invest 83 billion rupees ($989.20 million) in India’s Bengaluru, in what will be the oil and gas firm’s largest tech center outside the United States, a minister with the state government of Karnataka said late Wednesday.