What AI means for data centers and energy consumption
Bloomberg just published a cool interactive piece about AI’s effect on global power systems. In short, AI is driving up the need for data centers and, in turn, energy to power them, generally wreaking...
The prospect of nuclear-powered AI has created a benefit for energy providers
Know what the market loves better than AI? Nuclear-powered AI. So-called merchant power providers — power producers who create energy and sell it at wholesale market prices at rather than at regulated...
Data centers were devouring power before the AI boom even started
We’ve previously spotlighted the surge in select utility stocks like Constellation Energy, NRG, and Dominion, as an offshoot of the thriving AI trade embodied by Nvidia. But it’s worth noting that the...
America’s nuclear output has flatlined, even with 2 new plants in Georgia
Up and atom For many Georgia residents, the opening of a new nuclear reactor this week was better late than never, though many others were left wishing they could have plumped for the "never" option. ...
AI needs so much electricity that tech companies are getting into the energy business
To accommodate tech companies’ pivots to artificial intelligence, tech companies are increasingly investing in ways to power AI’s immense electricity needs. Most recently, OpenAI CEO Sam Altman invest...
Wind energy had a big year, adding 117 GW of global capacity
Blowin’ in the wind 2023 was a huge year for wind energy. Indeed, 117 gigawatts of new capacity was installed around the world, up 50% on the previous year’s figure and reversing two years of stalling...
Nuke stocks up on AI excitement
For most of humanity, the thought of “nuclear-powered AI” sends a shiver down the spine. But the stock market is all for it! Just check out the list of top performing S&P 500 stocks this year. Just b...
China is still investing in new coal production
China has announced plans to increase its already world-leading coal production, setting a target to add 300 million tons of annual mining capacity by the end of the decade, as reported by Bloomberg ....