First Solar shines after early GOP tax plan extends rollback of renewable benefits
shares jumped 21% Tuesday, heading for their best day since 2024 after a draft GOP tax plan was less harsh on renewables incentives than expected. To be fair, the proposal does strip major clean energ...
Plug Power beats Wall Street sales estimates but investors aren’t electrified
Hydrogen fuel cell company was largely flat in after-hours trading on Monday, following the company’s first-quarter earnings report. Plug reported revenue of $133.7 million on the quarter, beating th...
Analysis: Big Tech is building thirsty AI data centers in highly “water stressed” areas
Big Tech is currently on a building spree, setting up massive power-hungry data centers all over the world to power the current AI frenzy. The huge amounts of energy required to run these data centers...
Trump administration warned that it can’t win the AI race without renewables: FT
President Trump hates renewable power. He’s been slagging wind and solar for years, and has canceled several large projects . Trump told Fox News:
Constellation Energy wipes out big losses to surge on AI data center deal hopes
It was shaping up to be a dark day for . The stock was tumbling in the premarket session after the company’s Q1 earnings before interest, taxes, depreciation, and amortization fell 45% shy of expectat...
Plug Power surges 40% on preliminary results and a fresh credit pact
Beaten-down hydrogen fuel cell company spiked more than 40% in Monday morning trading as investors cheered preliminary results. Plug expects first-quarter revenue to land between $130 million and $13...
Musk’s “Colossus” AI data center is spewing methane from portable gas turbines: report
In September, Elon Musk announced that xAI had fired up its massive “Colossus” AI data center in South Memphis, Tennessee. Musk boasted that the whole project took only 122 days to complete. Powered b...
Oil giant BP is at an uncomfortable crossroads
More than 115 years on from when it was founded as the Anglo-Persian Oil Company , UK oil giant BP is currently caught between a rock and a hard place. On one hand, there’s Elliott Investment Manageme...
Energy lags in otherwise rosy day for stocks
Energy is the worst-performing corner of the S&P 500 on Wednesday, after Reuters reported that several OPEC+ nations — the traditional members of the oil cartel in alliance with others, most notably R...
Power demand from US data centers will double by 2030, per the IEA
According to a report from the International Energy Agency published last week , electricity demand from data centers is forecast to double by the end of the decade, as Big Tech goes even bigger on AI...
New Trump order: Dirty power for AI
President Trump wants to use a 19th-century fuel to drive 21st-century technology. Trump is expected to sign an executive order today boosting the declining coal industry, positioning the fossil fuel ...
Analyst: US oil producers might start cutting production
Analysts at energy consulting firm Rystad Energy say the recent plunge in US oil prices — benchmark West Texas Intermediate has dropped about 15% to roughly $60 a barrel over the last three sessions —...
Investors are fleeing energy stocks like the economy’s been locked down
The last time investors were distancing themselves from energy stocks this much, we were also socially distancing from one another. A measure of positioning developed by Deutsche Bank has slipped to i...
They’ve got the power: Canada’s massive leverage over the US on electricity imports
When it comes to electricity, the US and Canada are deeply connected partners, and have always been there to help each other during times of need. That is until this week. Ontario’s Premier Doug Ford ...
Energy stocks slump on OPEC+ oil supply boost
While giant tech shares are the biggest weight on the market today, energy is actually the having the worst day of the 11 sectors in the S&P 500. The group is down nearly 4%. Causality isn’t a great m...
Sunnova warns it may not survive as solar industry flails
Residential solar company Sunnova’s stock price plummeted 64% Monday after the company warned investors that it’s unsure whether it will be able to stay in business. also posted quarterly results that...
First Solar edges higher after beating sales expectations, falling short on earnings
Solar panel seller First Solar rose slightly in after-hours trading after posting a mixed earnings report. reported earnings per share of $3.65, under the $4.63 analysts polled by FactSet were expecti...
Plug Power’s CEO on raising money during meme stock manias and finding green energy competitiveness deep in the heart of Texas
What’s it like running a green energy company operating in “the reddest district in the world,” hoping that the Trump administration keeps its predecessor’s eleventh-hour, billion-dollar loan guarante...
The world will add more than a Japan’s worth of electricity consumption each year until 2027, per the IEA
We’re about to raise the curtain and welcome in a “new Age of Electricity,” per the latest annual electricity report from the International Energy Agency, an intergovernmental watchdog established in ...
Macron pledges gigawatt of nuclear power for AI
In the race to build ever-larger super-mega-jumbo AI data centers , one thing can set you apart from the pack: cheap, plentiful energy. France produces a surplus of electricity from its 57 nuclear rea...