electricity

The burgeoning demand for artificial intelligence applications is sending a jolt through the energy sector, particularly benefiting independent power producers (IPPs) like Constellation Energy Corp. (NASDAQ:CEG), Vistra Corp. (NYSE:VST), and NRG Energy Inc. (NYSE:NRG). What Happened: A recent...

After posting record earnings on Thursday, D-Wave Quantum Inc.’s (NYSE:QBTS) management highlighted its progress in enabling energy-efficient measures to enhance blockchain hashing using quantum computing. What Happened: CEO Alan Baratz highlighted the inference of its recent research paper...

Eaton Corporation PLC (NYSE:ETN) shares were rising in early trading on Monday after the company announced on Friday upbeat first-quarter results. The announcement came amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On Eaton Analyst Deane Dray maintained...

Several companies could be affected by a widespread power outage Tuesday in Puerto Rico. What Happened: Only around 12% of Puerto Rico’s residents currently have electricity, according to Luma Energy, the power company servicing the island. In a post on X, Luma Energy said the outage began at...

Amid Taiwan’s ongoing energy transition, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is grappling with escalating electricity costs, impacting its operations significantly. What Happened: Taiwan’s shift towards renewable energy is creating substantial challenges for industries...

During the interview on Monday between Tesla Inc. CEO Elon Musk and former President Donald Trump, the concerns about AI’s significant energy consumption were raised. What Happened: While speaking with Musk Trump voiced his concerns about AI’s substantial electricity demands. He...

Microsoft co-founder Bill Gates has declared a massive financial infusion into TerraPower’s nuclear projects, signaling a robust commitment to advancing this clean energy source. What Happened: During an appearance on CBS’s “Face the Nation,” Gates detailed his deep...

By Lance Roberts The future of electricity demand for everything from electric cars to Bitcoin mining to artificial intelligence may also be the cure for our debt concerns. Before you dismiss that statement, let me explain. One of the bears’ primary arguments against the financial market and...

Pacific Gas & Electric Co. (NYSE:PCG) is reportedly nearing a deal to sell a stake in its fleet of power plants to KKR & Co. Inc. (NYSE:KKR) in an effort to raise funds needed to upgrade infrastructure and reduce the risk of fire resulting from its power lines. The Details: According to a...

Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. In a recently published study, equity analyst Carly Davenport has listed a basket of stocks...

A recent report from the Energy Information Administration (EIA) revealed that in 2023, the global cryptocurrency mining industry consumed an amount of electricity comparable to Australia’s entire usage. The report also highlighted the industry’s significant growth in the United States...

Vistra Corp (NYSE: VST) reported a third-quarter FY23 operating revenue decline of 20.6% year-over-year to $4.09 billion, missing the estimate of $4.78 million. Net income from ongoing operations stood at $519 million versus $662 million a year ago. Adjusted EBITDA from ongoing...

Popular tech YouTuber Marques Brownlee shared that he has had no electricity bill for an entire year after installing Elon Musk’s Tesla Roof System, Teslarati reports. Unprecedented Efficiency: Brownlee recounted his one-year journey with a Tesla Inc (NASDAQ:TSLA) Roof in a YouTube video....

Tesla Inc's (NASDAQ: TSLA) Megapack is a large-scale energy storage solution designed to bolster the reliability and sustainability of power grids. Each unit boasts an energy storage capacity of 3 MWh, enough to power an average of 3,600 homes for an hour. Tesla has now secured contracts...

SBI Crypto Co., a subsidiary of Japan's SBI Holdings Inc, has filed a lawsuit against Whinstone US, a data center based in Rockdale, Texas. The lawsuit accuses Whinstone of misrepresenting its readiness to host a large-scale Bitcoin (CRYPTO: BTC) mining operation and for causing millions of...