Why investors are going gaga over solid-state transformers
The technology promises to replace several parts of the grid with one device that’s both controllable and updatable.
electrical grid
SoftBank to spend an eye-popping $33B to build huge U.S. gas power plant
If completed, the project would be among the largest and most expensive natural gas power plants.
Heron Power raises $140M to ramp production of grid-altering tech
Tesla alumni Drew Baglino raises a large round to build a giga-scale factory, this time at his own startup.
DG Matrix raises $60M to make data center power smarter
The startup is making solid-state transformers capable of intelligently aggregating power from a number of different sources before sending it to data center racks.
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.
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.