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A home-battery company that did not exist three years ago is now worth $13bn. Base Power has raised $1bn in a Series D and launched its own battery, Base Core. The bet behind the number is blunt: the grid cannot keep up with America’s power demand, and thousands of home batteries can. The round values […]
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The AI boom needs colossal amounts of electricity. That has turned fusion, forever mocked as “30 years away,” into one of the hottest bets in tech. The best-funded player just raised another $1 billion. Commonwealth Fusion Systems, based in Massachusetts, said the round takes its total to $4 billion, roughly 30% of all the money […]
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The energy firm is the first live test case for Lava Network’s tokenization sandbox, which says it has fielded 40-plus institutional applications since June. Germany has a battery problem. Last year, the country curtailed more than 2,700 GWh of solar generation and spent 573 hours with negative electricity prices, the telltale sign of a grid […]
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The Trump administration spent Tuesday clearing environmental law out of the way of the tech boom. It did so twice, on two fronts, with the same justification. The first move exempts data centres from the rules meant to stop acid rain. The second frees rocket launches from federal environmental review. Together they show how far […]
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The AI boom needs power and rockets. Trump just exempted both from environmental law. Read More »
Australian Prime Minister Anthony Albanese’s proposed national environmental and energy controls for the country’s A$150 billion data centre pipeline hit their first obstacle on Tuesday, when two jurisdictions declined to back them. Federal, state and territory energy ministers met virtually to discuss the plan, and Queensland and the Northern Territory opposed most of the measures, […]
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Australia’s world-first data centre rules need every state to agree. Two just said no. Read More »
Fujifilm is raising list prices on at least five camera models from September 1, blaming the global DRAM crisis for rising production costs. The X100 VI climbs €200 to €1,999 ($2,119). The X-E5, X-T50, and X-S20 each go up €100. The steepest hike lands on the medium-format GFX100 II, which jumps €500 to €8,499, putting […]
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Most of the money pouring into small nuclear reactors is chasing AI data centres. This round is chasing a date. Antares has raised $470mn, co-led by Paradigm and Caffeinated Capital, with Point72 Ventures, Shine Capital and Industrious Ventures joining. The split is $370mn of equity and $100mn of debt, Bloomberg reported. The company was founded […]
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This $470mn nuclear startup is racing a presidential deadline, not the AI boom Read More »
Electric vehicle owners are happier with their cars than drivers of combustion vehicles in nearly every category measured, according to JD Power’s 2026 Automotive Performance, Execution, and Layout study released this week. The survey of 78,514 owners of 2026 model-year vehicles found that EVs outscored internal combustion engine cars by 109 points on a 1,000-point […]
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Meta has withdrawn from RE100, the global corporate clean energy initiative it joined a decade ago as Facebook, after the Climate Group confirmed the company can no longer meet the programme’s technical criteria. The departure follows Meta’s commitment to building 10 natural gas plants to power its Hyperion AI data centre campus in Louisiana, a […]
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The AI industry runs on Nvidia. A team at the University of Cambridge has just shown it does not have to. They have built a planetary-scale foundation model for the Earth, and every chip that trained and ran it came from AMD. The model is called TESSERA, and its idea is borrowed from large language […]
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Cambridge built a planet-scale AI model, and skipped Nvidia to do it Read More »