Lightsource bp has secured 10 power purchases totaling 1.3 GW in the last 12 months
The firm reported on Wednesday that Lightsource bp - a renewable energy developer and a subsidiary of British oil giant BP - secured 10 power purchase agreement (PPA) in the last year, totaling 1.3 gigawatts of renewable energy capacity worldwide. Lightsource bp stated that the PPAs have been contracted in Europe…
Constellation skips first earnings call since spinoff
Constellation Energy, the U.S.'s largest nuclear power company, missed its quarterly investor call for the first since it went public three years ago. Constellation didn't immediately respond to an inquiry for comment. Analysts were surprised by the lack of a phone call.
WEC Energy's quarterly profit increases as it expands its data center services
WEC Energy Group announced on Tuesday a profit that more than doubled during the fourth quarter. The electric utility benefited from lower operating costs and higher revenues as it expanded its service to Microsoft data centers. U.S. energy companies, like Milwaukee's WEC Energy…
DeepSeek's "Sputnik moment" prompts investors to dump big AI players
Investors sent technology stocks like Nvidia and Oracle tumbling on Monday as the appearance of a Chinese artificial intelligence model that is low-cost cast doubts on Western firms' dominance in the sector.Startup DeepSeek launched last week a free assistant that…
NextEra advances toward Iowa nuclear plant restart
NextEra Energy CEO John Ketchum said on Friday that the company has been in contact with regional grid operators about a potential restart of the Duane Arnold Nuclear Power Plant located in Iowa. Nuclear power in the United States has been on the decline for decades…
S&P 500 reaches record high thanks to Netflix results and AI investment plan
Wall Street indexes rose Wednesday. The benchmark S&P 500 hit a record during the session as investors cheered the quarterly report from streaming video provider Netflix and technology shares rallied after President Donald Trump's announcement of a private sector artificial intelligence infrastructure plan.
S&P 500 reaches record highs on Netflix results and AI investment plans
Wall Street's major indexes rose Wednesday. The benchmark S&P 500 hit a record high as investors cheered the quarterly report from streaming video provider Netflix and technology shares rallied following the announcement of an artificial intelligence infrastructure plan for the private sector.
Stocks of global industrial and tech companies rally after Trump's AI investment drive
On Wednesday, global industrial and technology shares including Oracle and Schneider Electric rose after U.S. president Donald Trump announced a massive investment push in artificial intelligence. Trump announced on Tuesday that the private sector would invest up to $500 billion in AI infrastructure.
Blockchain enables firms to offer physical uranium for sale to small investors
On Tuesday, a blockchain platform and an uranium company launched a market to allow small investors buy physical uranium. They hope to increase spot liquidity for the niche commodity. Uranium prices have risen in recent years due to a rise in investor interest and the reduction of miner output.
US natgas manufacturers chase AI-driven surge of power demand to weather low price
Shale gas producers are contacting data-center operators in the U.S. Permian Basin to build up the capacity needed to power an AI boom. They want to relieve the pressure of a two-year-old slump in prices. Devon Energy, Expand Energy Diamondback Energy and Permian Resources…
Wall St. ends lower than expected as Meta and Microsoft highlight AI costs
The major U.S. indexes ended lower on Thursday, after Microsoft and Meta Platforms pointed out that artificial intelligence costs could impact their earnings. This dampened the enthusiasm for megacaps which have been driving this year's market rally. Microsoft and Meta Platforms…
Futures on the TSX fall before domestic GDP data
The futures linked to Canada's main index of stocks fell on Thursday, as disappointing earnings from U.S. technology giants dampened the market sentiment ahead of important domestic GDP and U.S. Economic data that will be released later in the day. At 6:00 a.m., December futures for the S&P/TSX Index were down by 0.3%.
Canadian rare earth recycling company Cyclic Materials raised $50 million from BMWi and Hitachi Ventures
Cyclic Materials is a recycler critical metals like rare earths that are used in the manufacture of magnets for wind turbines and electric vehicles. It has raised 53 millions U.S. Dollars from investors such as BMWi. The Canadian startup is pursuing global expansion plans despite a slowdown of electric vehicle sales.
Drax will invest up to $12 billion in US biofuel power plants
Drax, a British power generator, said that it could invest up $12.5 billion in developing biomass plants with Carbon Capture and Storage (BECCS), in the United States within the next decade.Drax, the company that generates around 6 percent of Britain's electric power…
Occidental's 1PointFive receives funding up to $500 mln by US DOE
Occidental Petroleum’s carbon capture unit 1PointFive announced on Thursday that the U.S. Department of Energy’s Office of Clean Energy Demonstrations had committed up to 500 million dollars to support the development of the South Texas Direct Air Capture Hub (DAC).
Wall St Week- US stock rally expands as investors wait for Fed
Investors worried about technology stocks can take heart from the broadening rally of U.S. shares. The markets are awaiting key job data and Federal Reserve rate cuts expected in September. Investors are putting their money into less popular value stocks and smaller companies…
Digitalization is Drawing CCS a New Learning Curve
Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase…
Chevron, Microsoft, Schlumberger to Build Carbon Capture Plant in California
Chevron Corp is partnering with Microsoft Corp, oilfield services firm Schlumberger and privately held Clean Energy Systems to build a carbon capture plant in California, as the U.S. oil major expands investments in renewable technology.Fossil fuel companies have faced increased pressure in recent years to reduce emissions…
Oil Giants Set Health Checks, Work-from-home Rules
Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits.BP, Exxon Mobil, Kinder Morgan…
Digitalization: Trust - The Keystone for Digital Transformation
The slowdown of the world economy and plummeting energy consumption have eclipsed most other industry news. Oil exporting countries are coming to terms with limiting production to sustain reasonable prices, and operators are looking for ways to improve efficiency.
