SoftBank’s billion-dollar loss may have put a cap on AI’s natural gas ambitions
SoftBank lost over $3 billion pre-ordering natural gas turbines to power AI data centers. Here’s what the loss means to power markets.
natural gas
Anthropic joins AI’s natural gas frenzy, buys $3.4B worth of turbines
Anthropic bought billions of dollars worth of natural gas turbines in a deal that could give it buyer’s remorse.
Batteries are now cheaper than natural gas turbines used at many data centers
Batteries are now cheaper than natural gas turbines as the data center boom pushes prices up.
US data centers could consume more natural gas than Germany and Japan combined by 2035
The AI frenzy could push U.S. data centers to become one of the largest consumers of natural gas in the world.
Hyperscalers might regret embracing natural gas if new forecast proves correct
Natural gas prices could triple in some parts of the U.S., which could saddle hyperscalers with massive bills to power their AI data centers.
SpaceX’s Terafab will rely on natural gas power plants, not Tesla solar panels
SpaceX and Tesla are building a massive semiconductor fab in Texas that will depend on natural gas power plants, not Tesla solar panels.
Meta drops out of a major clean energy pact as its natural gas buildout accelerates
Meta has made significant investments in natural gas over the past year. Now it’s dropping out of an industry renewable energy group.
Microsoft and Chevron plan one of the largest gas-powered data center projects in US
Microsoft inked a 20-year power purchase agreement with Chevron, locking in decades of carbon emissions from a new natural gas power plant.
Musk’s xAI is being sued over its data center generators. Now, it’s buying $2.8B more.
Elon Muks’s xAI said it will buy $2.8 billion worth of natural gas turbines over the next three years, according to SpaceX’s IPO filing.
Musk’s xAI is running nearly 50 gas turbines unchecked at its Mississippi data center
Gas turbines at xAI’s Colossus 2 data center have drawn a lawsuit over the company’s use of “mobile” gas turbines as power plants.