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Canadian power producer Capital Power Corp said on Monday it would buy two natural-gas fired power plant operators located in the PJM market for about $2.2 billion. The deal comes at a time when electricity prices are rapidly increasing in PJM, the United States’ biggest power market, and as demand for electricity continues to increase …
Capital Power to Expand in PJM Power Market with $2.2 Billion Deal Read More »
April 14 (Reuters) – The CEO of the largest U.S. power grid, PJM Interconnection, will leave his post at the end of the year, the organization said on Monday. Manu Asthana, who has led the PJM for more than five years, steps down at a time of rising electricity prices in the country’s biggest power …
Head of Biggest US Power Grid, PJM, to Step Down Read More »
Texas installed 4 gigawatts of battery capacity last year, surpassing California’s pace for the first time. Big batteries in Texas are addressing issues on the electric grid, storing excess wind and solar power and meeting surging demand from new residents and electric vehicles. The growth of battery storage in Texas is threatened by tariffs on …
‘Store, Baby, Store’ – Texas Is Ground Zero for the US Battery Boom Read More »
Summary • Electricity customers hope to cut wait times to connect to grid • The first time AI will be used to manage grid connections • US power demand jumps as Big Tech rolls out data centers for AI (Reuters) – Alphabet Inc’s Google unit is partnering with the largest electrical grid operator in North …
Google Deploys AI to Speed up Connections at PJM, Largest US Power Grid Read More »
By Jarrett Renshaw, Timothy Gardner and Trevor Hunnicutt US power demand rising from artificial intelligence Coal’s share of power generation less than 20% from 50% in 2000 Orders to direct coal leasing plans on US lands WASHINGTON, April 8 (Reuters) – U.S. President Donald Trump signed executive orders on Tuesday that aim to boost coal …
Trump Signs Executive Orders to Boost US Coal as Power Demand Rises Read More »
Summary • Utilities face challenges predicting future power demand for data centers • Tech companies seek multiple bids, complicating demand forecasts • Rising costs and AI advancements may reduce future power needs NEW YORK, April 7 (Reuters) – U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country …
US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers Read More »
By Timothy Gardner WASHINGTON, April 3 (Reuters) – The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Department of Energy lands where data centers and power plants supporting the boom in artificial intelligence can be developed. WHY IT’S IMPORTANT Rapid growth in AI is leading to the …
US Plans to Develop AI Projects on Energy Department Lands Read More »
(Reuters) – Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week. Energy use for U.S. data centers, which are essentially giant …
Chevron Advances Plans to Develop US Data Centers With Power Generation Read More »
(Reuters) – U.S. Federal Energy Regulatory Commission Chairman Mark Christie said on Thursday that natural gas-fired power will be crucial to meet rising U.S. electricity demand – a situation that requires a big increase in gas pipeline capacity, as well as new power plants. “We’re going to build combined-cycle gas to meet this load from …
Natgas Key to Meeting Rising US Power Demand, FERC Chairman Says Read More »
(Reuters) – Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious appetite for assets as the sector gears up to meet massive demand growth from data centers for artificial intelligence. Record power demand and dizzying projections for electricity consumption for AI have made power …
AI to Fuel Bumper Year for M&A in US Power Sector Read More »
