Cart

0

Business

“Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power”

“The Global Artificial Intelligence Infrastructure Investment Partnership is initially looking to raise $30 billion for new and existing data centers. The fundraising, which could total $100 billion, will also be used to invest in the energy infrastructure needed to power… Continue Reading…

Business, Energy

“Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers”

“Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday. Brookfield will deliver 10.5 gigawatts… Continue Reading…

Energy

“AI-Driven Power Demand Is Set to Jump 900% in Chicago Area, Exelon CEO Says”

“…The demand surge wouldn’t be met immediately by more power generation. New data centers would initially be served by excess capacity already on the regional grid, imported electricity from other areas and then eventually by newly constructed sources, said Paul… Continue Reading…

Energy

“Proposals for New US Power Plants Jump 90% on Surging Demand”

“As utilities race to keep ahead of rising electricity demand, developers have proposed a surge of new power plants across the US — and very few of them would run on fossil fuels. The generating capacity of proposed plants seeking… Continue Reading…

Economy, Energy

“The Coming Electricity Crisis”

“President Biden and the press keep raising alarms about a climate crisis that his policies can’t do much about. Yet in the meantime they’re ignoring how government climate policies are contributing to a looming electric-grid crisis that is more urgent… Continue Reading…

Economy, Energy

“Amid explosive demand, America is running out of power”

“Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid…”… Continue Reading…

Economy

“Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security”

“…Jamie Dimon says Washington is facing a global market “rebellion” because of the tab it is racking up, while Bank of America CEO Brian Moynihan believes it’s time to stop admiring the problem and instead do something about it. Elsewhere The Black Swan author Nassim Taleb says the… Continue Reading…

Energy

“Wind power industry in moment of reckoning as stocks fall and earnings crumble”

“Renewable energy firms are mostly suffering a dire earnings season as struggling supply chains, manufacturing faults and rising production costs eat into profits…” https://www.cnbc.com/2023/11/13/wind-power-industry-in-moment-of-reckoning-as-stocks-fall.html Good. Does anyone know how many birds are killed by windmills a year? I’ll give you… Continue Reading…

Economy

“Americans Have Never Lost So Much Purchasing Power In One Year”

“EDITOR’S NOTE: It’s a new set of generations experiencing what Silent Gen folks and Baby Boomers had to endure in the 1970s: Americans losing so much purchasing power in a given year. Theirs lasted a decade, while ours is just over… Continue Reading…

Stocks

“Generac Earnings Jump 71% Amid Strong Demand For Backup Power”

“…Generac Earnings Estimates: FactSet consensus was for Generac earnings per share of $2.31, 65% above the year-ago quarter, with sales up 59% to $867 million. Results: Generac earnings per share leapt 71% to $2.39 a share. Revenue climbed 68% to… Continue Reading…