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Mexico’s government-backed electric vehicle project Olinia has unveiled its first prototype, a six-seat passenger vehicle called the Olinia Uno, at a ceremony where President Claudia Sheinbaum drove the car onto a stage inside a Mexican Air Force hangar north of Mexico City. The vehicle is priced at 150,000 pesos, roughly $8,600, and is designed for […]
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Bank of England Governor Andrew Bailey warned on Friday that artificial intelligence may need to be rationed because the power supply cannot keep up with its capabilities. He said companies and governments face “very big social choices” as energy constraints force trade-offs between sectors. The question is not whether AI can do more, but whether […]
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Bank of England governor warns AI may need to be rationed because of energy limits Read More »
Swiss cleantech startup GR3N has raised €15.5 million in a Series B round to build the world’s first commercial-scale microwave-assisted PET recycling plant. The round was led by 360 Capital, with new investor VP Textile also participating. The proceeds will fund MODUS, a 40,000-ton-per-year facility in Spain. PET is one of the most widely used […]
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EU trade commissioner Maroš Šefčovič has called for a new “diversification instrument“ to reduce Europe’s dependence on single suppliers of chips and rare earths. He made the proposal at the European Policy Center’s Brussels Economic Security Forum on Friday. The tool would force companies in sensitive sectors to source from at least three different suppliers. […]
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The renderings are gorgeous. A mile-long vessel, 800 feet wide, 30 decks high, gliding across the open ocean with parks, schools, a 15,000-seat sports stadium, and enough residential space for 50,000 permanent inhabitants. Nuclear-powered, perpetually circumnavigating the globe, never docking in port. A floating city, in the most literal sense. The Freedom Ship has been […]
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The European Commission has called on households across the bloc to reduce electricity consumption during peak hours, citing the rapid growth of AI data centres, accelerating electrification, and rising overall digital infrastructure demand as factors straining European power grids. The Commission simultaneously published a Data Centre Energy Efficiency Package on 3 June that introduces a […]
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Focused Energy, a Germany-based fusion startup, has raised an oversubscribed $240 million Series A round to develop a commercial reactor based on the same approach that produced the world’s first controlled fusion reaction with net energy gain. The round, led by German utility RWE, brings the company’s total private capital to $300 million. Focused Energy […]
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Verily, the health and life sciences subsidiary of Google parent Alphabet, has asked the US Environmental Protection Agency for permission to release up to 64 million lab-bred mosquitoes across Florida and California over two years. The proposal, submitted under the company’s Debug initiative, would deploy male Aedes aegypti mosquitoes carrying Wolbachia bacteria into areas where […]
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Gigascale Capital, the venture firm led by former Meta chief technology officer Mike Schroepfer, has raised a $250 million fund to invest in energy, grid infrastructure, and critical minerals startups. The fund, announced on Monday, is Gigascale’s second and its first to include institutional investors. It arrives as most of the venture capital industry has pivoted […]
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Utah Governor Spencer Cox signed an executive order on Friday establishing a “higher bar for data center development” in the state. The order is effective immediately. It follows months of community outrage over the Stratos Project, a 40,000-acre hyperscale data centre campus backed by “Shark Tank” investor Kevin O’Leary that could reach 9 gigawatts of […]
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A 9-gigawatt data centre outraged a Utah community. The governor just issued new rules. Read More »