Tem raises $75M to remake electricity markets using AI
Tem has built a transaction engine that relies on AI to cut costs. Lightspeed led the round to help the startup expand to the U.S. and Australia.
electrical grid
Lunar Energy raises $232M to deploy home batteries that prop up the grid
The startup has raised more than $500 million, to date, from investors to build a massive, distributed power plant supported by residential batteries.
Trump administration wants tech companies to buy $15B of power plants they may not use
In an attempt to alleviate rising electricity prices, the White House wants grid operator PJM to hold an auction for new generating capacity, and it wants tech companies to bid.
Why the electrical grid needs more software
The electrical grid is facing unprecedented stress from the addition of new data centers. Software could offer a cost-effective way to boost reliability and capacity.
Environmental groups call for halt to new data center construction
More than 230 organizations signed a public letter urging members of Congress to take action.
Energy storage industry set aggressive goals for 2025 — and already crushed them
The battery storage industry in the U.S. has grown in leaps and bounds in recent years, surpassing its most aggressive targets to become one of the largest new sources of power on the grid.
Data center energy demand forecasted to soar nearly 300% through 2035
New planned data centers promise to consume even more energy than expected. Meanwhile, a grid monitor is blaming such growth for high electricity prices.
Rising data center electricity use risks blackouts during winter storms
Data centers are driving record electricity demand, and the North American Electric Reliability Corporation is warning that a severe winter storm could push the grid over the edge.
Trump DOE decides to keep at least one Biden-era energy program
The loan guarantee will backstop $1.6 billion for AEP, one of the nation’s largest utilities, as it seeks to modernize a portion of its transmissions lines.
Leaked doc reveals the chaotic politics behind Trump Energy Department cuts
Harris-voting states were hit hardest by Department of Energy award cancellations, but not every blue-state project was cut. Politics might play a role.