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Texas spent years selling itself as the easiest place in America to build a data centre. This week it started making that harder. Governor Greg Abbott, who last year called the state the “epicenter of AI development,” has ordered a pause on new data-centre connections to the power grid. Regulators must audit every project in […]
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Toyota will begin rolling out a new generation of hybrid batteries next year, the automaker said during its quarterly earnings call on Tuesday. The company will convert existing battery production lines in Japan with enough capacity for roughly 600,000 vehicles to build the new packs, which it says will deliver better performance at a lower […]
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Ore Energy, an Amsterdam-based startup building grid-scale iron-air batteries, has raised $43 million in Series A funding to scale a technology that can store renewable electricity for up to 100 hours. The round was led by Plural and HV, with participation from Positron Ventures, bringing the company’s total funding to $61 million. The batteries work […]
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EVgo is expanding its partnership with Brixmor Property Group to install more than 500 new DC fast charging stalls in the parking lots of shopping centres across the United States. The deal will bring EVgo’s 350 kW chargers to at least 90 Brixmor properties, covering more than a quarter of the real estate developer’s portfolio. […]
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OpenAI has an image problem, and it just spent a weekend making it worse. The company flew a group of influencers to a luxury resort to soften how the public sees AI. The internet took one look and called it greenwashing. The event, branded “Summer Camp,” ran at Wildflower Farms, a resort in New York’s […]
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People tell the AI boom as a story about chips and models. Underneath it is metal. Every data centre, chip, power line and robot starts with copper and a handful of other minerals. The United States has quietly lost control of where they come from. A two-year-old startup just raised $310m to change that. Mariana […]
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Sequoia Capital led a $1 billion Series B for Valar Atomics, valuing the nuclear startup at $6 billion. That is three times the $2 billion valuation from its earlier round just months ago. Atreides Management, Point72, and Snowpoint Ventures also participated. Sequoia partner Shaun Maguire will join Valar’s board. The company also secured a $200 […]
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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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