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Energy
Texas data centers raise blackout risk during extreme winter weather
A worker repairs a power line in Austin, Texas, U.S., on Wednesday, Feb. 18, 2021.Thomas Ryan Allison | Bloomberg | Getty ImagesThe rapid expansion of data centers in Texas is driving electricity demand higher during the winter,…
OpenAI taps iPhone assembler Foxconn to manufacture AI hardware in US
OpenAI is partnering with Taiwan's Foxconn, the world's largest contract electronics manufacturer, to design and build artificial intelligence data center components in the U.S., the AI startup's latest announcement tied to its massive…
MP surges on Pentagon-backed deal to develop Saudi rare earth refinery
MP Materials surged Wednesday on a deal with the U.S. Department of Defense and the Saudi Arabian Mining Company, Maaden, to develop a rare earth refinery in the kingdom. The U.S. rare earth miner's stock rose 8.61% to close at $63.55.MP…
Trump backs Three Mile Island restart with $1 billion loan to Constellation
The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.Danielle DeVries | CNBCThe Trump administration will provide Constellation Energy with a $1 billion loan to restart the Crane…
The explosives shortage may drive up phone, energy and home prices
The United States is facing a shortage of TNT, a high explosive that is essential to the manufacturing of commercial explosives products, like cast boosters, which are commonly used in the mining and construction industries, according to…
India deepens U.S. energy trade to mend trade relations amid tariffs
A man pushes a tricycle loaded with LPG cylinders on the road below the Adani signage in Mumbai. US based Hindenburg Research firm's allegation on fraud by Adani Enterprise has sparked political debate in India by the opposition…
Nuclear power will receive most money from DOE loans, Chris Wright says
Cooling towers at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.Danielle DeVries | CNBCNuclear power will receive most of the money from the Energy Department's loan office as the Trump…
Electricity bills in states with the most data centers are surging
Electricity prices are surging, voters are growing angry, and the artificial intelligence industry's data centers are increasingly a target for blame with U.S. mid-term elections on the horizon.Residential utility bills rose 6% on…
Anthropic announces $50 billion AI spend, two U.S. data centers
Anthropic announced plans Wednesday to spend $50 billion on a U.S. artificial intelligence infrastructure build-out, starting with custom data centers in Texas and New York.The facilities, which will be designed to support the company's…
What now for peak oil? Unpacking the IEA’s shift on fossil fuel demand
A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025.Bloomberg | Bloomberg | Getty ImagesThe International Energy Agency's latest…