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Energy
How the massive power draw of generative AI is overtaxing our grid
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about…
Macquarie takes full control of National Gas
Macquarie Asset Management has announced the acquisition of the remaining 20% equity interest in National Gas from National Grid.This transaction will result in a consortium led by Macquarie owning 100% of National Gas.National Gas…
WTI, Brent on pace for third weekly loss
Oil pumpjacks operate in Los Angeles, California, July 31, 2023.Mario Tama | Getty ImagesU.S. crude fell more than 2% on Friday and is on pace for a third weekly decline as worries about demand in China outweigh strong economic growth in…
‘Steel industry will miss climate targets’
The steel industry will fail to reach net zero targets without immediate and universal effort.The Charting Progress to 1.5°C through Certification report, published by certification organisation, ResponsibleSteel, finds that radical…
Renewable energy demand will triple as electricity consumption surges,
In this photo illustration the stock market information of NextEra Energy, Inc. seen displayed on a smartphone with NextEra Energy, Inc. logo in the background.Igor Goloniov | LightRocket | Getty ImagesRenewable energy demand will triple…
400 public bodies spend £4.3bn on energy
A total of 400 public sector organisations spent £4.3 billion on energy from April 2023 to March 2024, an increase from £3.7 billion the year before.Box Power CIC has published its latest report on public sector energy costs, revealing…
U.S. will fall behind in the AI race without natural gas, Williams
Alan Armstrong, chief executive officer of Williams Cos., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 20, 2024. F. Carter Smith | Bloomberg | Getty ImagesThe U.S. will fall behind…
Ofgem probes energy giants over smart meters
Ofgem has initiated compliance engagement with British Gas, EDF, E.ON, Octopus, OVO and ScottishPower regarding their smart meter obligations.The investigation aims to ensure these companies are installing the required number of smart…
Trump Bitcoin Conference fundraiser tickets top out at $844,600 for
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | ReutersFormer President Donald Trump will headline a campaign…
Mercedes races towards net zero finish line
The Mercedes Formula One (F1) team has achieved significant reductions in emissions with ambitious targets for the future, according to its sustainability report.Their sustainability report details a 10% overall reduction in 2023, as…