Geothermal startup Fervo catapults itself over the ‘valley of death’
Fervo landed a large new loan with terms that strongly suggest the company’s most turbulent days are behind it.
renewable energy
Google and Tesla think we’re managing the electrical grid all wrong
The duo have teamed up with other companies to launch Utilize, which seeks to change how the grid is used and regulated.
Data centers now attract more investment than than finding new oil supplies
In a shift, the world will spend $40 billion more on new data centers this year than it will on finding new sources of oil.
Data centers now attract more investment than finding new oil supplies
In a shift, the world will spend $40 billion more on new data centers this year than it will on finding new sources of oil.
Millions to receive free electricity in 2026 thanks to Australia’s solar boom
Australia now has so much solar power that the government will require utilities to sell customers free electricity for three hours per day.
Meta bought 1 GW of solar this week
The social media company inked three deals in the U.S. to power its data centers and offset its carbon footprint.
Investors are betting $21 billion that the energy transition isn’t going away
Political shifts might have set back the energy transition, but large investors are betting that renewables are at the future of energy.
Microsoft buys another 100 MW of solar, this time in Japan
The new deal covers output from four different solar projects. Microsoft has said it will spend $2.9 billion to expand its infrastructure in Japan.
Octopus Energy spins off its Kraken utility billing and AI platform
The British renewable energy provider said that its Kraken platform had $500 million in committed annual revenue, spurring a spinoff that could result in a massive IPO.
Final GOP bill kneecaps renewables and hydrogen but lifts nuclear and geothermal
The final bill is largely what emerged from the Senate Finance Committee in mid-June.