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 …
Google is funding a PG&E virtual power plant of 21,000 home devices totaling 11 MW, testing whether homes can make room on the grid for AI demand.
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 …
Corning is flying high thanks to the data center craze and insatiable demand for optical fiber. CEO Wendell Weeks is trying to ensure growth won’t stop when the AI bubble pops.
Michigan is eyeing potential energy reserves with a new $7.5 million grant to start exploration, research and development of geologic hydrogen.
The U.S. is investing $29.5 million in nine states in high-tech mining projects to extract, develop and repurpose domestic sources of critical minerals.
The global energy system is becoming more diverse and more unpredictable, with affordability and security reshaping the landscape, according to a new analysis.
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 batter…
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 t…
Heat, wildfires and water shortages are raising costs for businesses. How can companies invest in resilience before physical risks become costly disruptions?