Constellation Energy tumbles despite big earnings
, one of the utility stocks that has soared this year amid excitement over power demand from AI data centers, posted strong Q3 results Monday, beating analyst bogeys for the top and bottom lines. But ...
Bees thwart Meta’s plans for nuclear-powered AI data centers
Mark Zuckerberg told staffers last week that bees are keeping from being the first Big Tech company to build nuclear-powered AI data centers, the Financial Times reports . The Meta chief said rare be...
America’s producing more oil than ever before
In 1977, President Jimmy Carter addressed the nation in a speech warning America about the potential dangers of energy dependence. Demand for oil was soaring and America “[couldn’t] substantially incr...
Enphase Energy stumbles and takes other solar stocks with it
Shares of , which sells solar panels and batteries to homes and businesses, fell about 17% before the market opened on Wednesday, making it the biggest laggard among S&P 500 companies during premarket...
Big Tech is pivoting to nuclear energy. Will the rest of the world follow?
Big Tech is going big on nuclear, with Amazon becoming the newest addition to the club with a $500 million deal, joining Microsoft, Google, and Oracle by investing in nuclear projects to support surgi...
Artificial intelligence is fueling a nuclear renaissance
One of my favorite unexpected developing stories in the artificial-intelligence saga has been the role that AI usage by big tech companies has played in shaping the development of new energy projects ...
The biggest barrier to the mass adoption of electric vehicles is charging them
One of the biggest pieces of Biden's plan to transition America to renewable energy is a push to supercharge the adoption of electric vehicles. The EV market has matured, with car makers offering a wi...
Why Saudi Arabia is ditching its triple-digit oil price dreams
The Financial Times reports that Saudi Arabia stands “ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, in a sign that the kingdom is resigned ...
Did tech's AI obsession accidentally kickstart the next nuclear age?
In 2019 and 2020, big tech companies like Google , Microsoft , and Amazon made “net zero” pledges, stating that they would emit zero carbon emissions by either 2030 or 2040. The generative AI boom of ...
Where are America’s nuclear power plants?
On Friday, Constellation Energy said that it has plans to reopen the Three Mile Island nuclear plant in Pennsylvania, the site of a nuclear meltdown that destroyed the second reactor at the power stat...
Nuke stocks jump on Three Mile Island deal
Nuke stocks are up after announced plans to restart its shuttered Three Mile Island nuclear plant in Pennsylvania — the site of the worst-ever US nuclear power disaster — as part of a 20-year deal to...
ChatGPT’s massive energy consumption quantified
The Washington Post, working with researchers from University of California, Riverside, was able to put AI’s massive resource consumption into understandable terms . Writing a 100-word email using Cha...
Boring is beautiful: Utilities is the best performing sector this year
The stock market story of the year has been all about artificial intelligence (or maybe the Fed , if you’re more of a “zoom out” person). But, despite Nvidia’s inexorable rise and the ongoing dominanc...
Musk fires up his power-hungry supercomputer, surprising his neighbors
In a sprawling factory in South Memphis, Tennessee, Elon Musk’s AI startup xAI recently turned on its new “Colossus” supercomputer. Powered by 100,000 H100 GPUs , the supercomputing cluster was comple...
Amazon may have emitted as much CO2 as Mozambique in 2022 — but you wouldn’t know it
recently boasted that it now runs on 100% renewable energy, and it reached this goal seven years ahead of schedule. claims it has reached “net zero emissions” and is “supported” by 100% renewable ene...
North America added a whole Silicon Valley’s worth of data center inventory this year. It’s not enough.
North America’s eight primary data center markets added 515 megawatts (MW) of new supply in the first half of 2024 — the equivalent of Silicon Valley’s entire existing inventory — according to a new ...
Why everyone is complaining about high electricity bills
Power price increases and steadily hotter summers are driving up electricity bills, making them a painful monthly reminder of the cumulative costs from Covid-era inflation, especially for the poorer p...
Energy independence: America is now a major exporter of natural gas
Energy independence While artificial intelligence dominates the headlines of business and tech newspapers around the country, America’s energy industry has been quietly thriving. Indeed, 3 weeks ago ...
Rigged: America's oil industry has become more efficient
Rigged One of the most striking things about America’s ongoing fossil fuel boom is that the industry has learned to do more with less . To get a sense of whether US oil production was likely to rise o...
Frack to the future: America is now a major exporter of natural gas
Frack to the future The shale revolution is often credited with much of the progress in America’s newfound oil boom, as hydraulic fracturing (or fracking) unlocked a wave of previously inaccessible, o...