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FedEx has ordered 2,000 electric delivery trucks worth $300M from Harbinger, a Californian startup it also backed with a Series C investment last year. Europe’s equivalents, Volta Trucks and Tevva, both went under, and a European logistics depot needs ten to twenty times its current power capacity to run an electric fleet. FedEx has ordered […]
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A final investment decision on Project Kilby, a huge gas-powered data centre in West Texas, could slip from the end of this year to 2027 because of state politics. Tim McDonnell reported the news for Semafor on Thursday. The project, near Pecos in the Permian Basin, will use about 2.67GW of on-site gas turbines to power […]
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Texas politics may delay Chevron data centre decision, Semafor reports Read More »
GM and LG Energy Solution will spend $1B turning their Spring Hill plant into the first factory to mass-produce prismatic lithium manganese-rich cells. Europe’s carmakers are spending comparable sums on lithium iron phosphate, the chemistry GM’s battery chief says may never earn its way into its cars. General Motors and LG Energy Solution will spend […]
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GM will spend $1B making the first manganese-rich cells in mass production Read More »
The AI industry will need about $6tn in annual revenue by 2031 to pay for the data centres being built today. Bain & Company makes the estimate in its Global Technology Report, published on Tuesday. Existing AI products could bring in only $1.2tn to $1.8tn of that. “The debate today is fixated on employee productivity. […]
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AI needs $6tn a year by 2031 to pay for its data centres, Bain says Read More »
OpenAI, Blackstone, QTS and SoftBank Group have teamed up with US unions to head off state data centre moratoriums, Axios reported on Monday. The American Infrastructure Alliance wants to agree data centre standards with state and local officials in 2027, Hans Nichols wrote. The group will start with campaigns in Texas, Georgia, Ohio, Iowa, Pennsylvania, […]
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OpenAI, Blackstone and unions form a data centre alliance, Axios reports Read More »
A council in north Devon backed a huge AI datacentre plan more than a year before the public knew about it. The documents were reported by Sandra Laville for the Guardian. Campaigners got the papers through freedom of information requests. They show the developer, Xlinks, had been in private talks with Torridge district council since […]
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Council backed Devon AI datacentre before it went public, Guardian reports Read More »
Google’s $15bn AI datacentre project in Andhra Pradesh has state environmental clearance for 2.51GW of capacity, more than double the 1GW announced, according to clearance papers seen by the Guardian. Hannah Ellis-Petersen and Aakash Hassan reported the story from Tarluvada, one of the villages where the project is being built. The Guardian said 2.51GW is roughly […]
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Google’s India AI hub cleared for 2.51GW, not 1GW, the Guardian reports Read More »
Proxy adviser Glass Lewis has combined with Clarity AI, which sells sustainability data and AI analytics. The two firms announced the deal on Thursday. The deal closed on 23 September, and no financial details were disclosed. The combined company will make Madrid its global centre for sustainability, data and AI work. It has more than […]
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Proxy adviser Glass Lewis merges with Clarity AI to expand in Europe Read More »
Nvidia is buying a further $1.5B of SB Energy shares at 90% of the price of the data centre developer’s coming US listing, taking its total backing to $3B. SB Energy has 8.8 gigawatts in contract or under construction in Texas and Ohio, while its parent’s European capacity is not due before 2031. Nvidia is […]
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Nvidia is buying SB Energy stock at 90% of its IPO price Read More »
“We’ve built a leading energy automation platform in Australia, and this investment gives us the backing to build on that leadership globally,” said Chris Thompson, co-founder of Amber Electric. The Melbourne company has raised €49m in a Series E round, Morgan Stanley Investment Management said on Monday. 1GT led the round. It is the private […]
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Amber Electric raises €49m to take home battery automation to Europe Read More »