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Cooling towers at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.Danielle DeVries | CNBCIf there is one thing the U.S. needs to lead the artificial intelligence revolution, it’s electricity. Insane amounts of it.A 2024 report commissioned by the U.S. Department of Energy found that data centers — the backbone of artificial intelligence — already accounted for more than 4% of U.S. electricity use, and the report said that could grow to 12% by 2028. That would be 580 billion kilowatt hours, or nearly 20 times the annual power consumption of the city of Chicago.”Data centers…

Non-OPEC producer Kazakhstan, which is boosting its oil output in defiance of its quotas in the OPEC+ deal, doesn’t plan to leave the alliance of producers, the country’s top officials said on Tuesday.Kazakhstan is not considering leaving the OPEC+ pact as it believes it helps stabilize the oil market, Prime Minister Olzhas Bektenov said on Tuesday, as quoted by Russian news agency Interfax.“We will do our best to fulfill our obligations, but we’ll take into account national interests,” the prime minister was quoted as saying.Oil production in Kazakhstan jumped by 11.6% in the first half of 2025 from the same…

Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world’s largest cryptocurrency past $123,000 for the first time.Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn’t being driven by retail mania or meme-stock energy. This move is being powered by structural demand, shifting macro positioning and a wave of Wall Street adoption that’s playing out in real time.Spot Bitcoin ETFs pulled in $2.7 billion last week, including nearly $1.3 billion in a single day — the second-largest…

Brookfield Asset Management and its clean energy platform Brookfield Renewable announced today the launch of a new Hydro Framework Agreement (HFA) with Google, for the delivery of up to 3,000 MW of carbon-free hydroelectric capacity to power Google’s operations across the U.S. The deal marks the largest-ever corporate clean power deal for hydroelectricity. Under the new agreement, Google will have the ability to procure electricity from up to 3 GW of hydroelectric assets that will be relicensed, overhauled, or upgraded to extend the asset’s useful life and continue adding power to the grid. The deal will initially focus in the mid-Atlantic (PJM) and…

Google has signed a $3-billion agreement to source electricity for data centers from Brookfield Asset Management’s hydropower facilities, in the world’s largest corporate clean power deal for hydroelectricity, the asset manager said on Tuesday.The first contracts executed under the agreement to deliver up to 3 gigawatts (GW) of carbon-free hydroelectric capacity across the United States are for Brookfield’s Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, representing more than 670 MW of capacity.The 20-year Power Purchase Agreements (PPAs) for Brookfield’s Holtwood and Safe Harbor hydroelectric facilities will support Google’s operations across the PJM region.Google has the ability to procure carbon-free…

The twin weekend bullish catalysts of higher midsummer cooling demand and the initiation of Plaquemines Phase 2 lifted the August natural gas contract to $3.499 yesterday before it faded. That’s what Eli Rubin, an energy analyst at EBW Analytics Group, said in an EBW report sent to Rigzone by the EBW team on Tuesday, adding that “while Monday’s gains reset short-term technicals in a bullish direction, Henry Hub spot prices remain mired in the low $3.20s per MMBtu (million British thermal units)”. The EBW report highlighted that the August natural gas contract closed at $3.466 per MMBtu on Monday. That marked…

2025-07-15T14:52:36Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Apple is investing $500 million in MP Materials, a US producer of rare earth magnets. News of the deal sent MP Materials’ stock price soaring more than 25% Tuesday. The move also sends a message to President Donald Trump, who has pressured Apple to build in the US. American manufacturing is getting…

Environmental Health & Safety (EHS) and sustainability platform provider Benchmark Gensuite announced the launch of its new Sustainability and Climate Risk Management Solution, a new software solution aimed at enabling companies to identify, quantify, and mitigate climate-related risks across global operations and supply chains. The new solution was launched in partnership with GIST Impact, a provider of data and analytics solutions aimed at helping companies and investors measure their environmental and social impacts, using data-based intelligence with location-specific impact data covering more than 18,000 companies. According to Benchmark Gensuite, using science-based datasets from GIST Impact, the new solution will enable…

CF Industries Holdings Inc. said Monday it had fired up the dehydration and compression unit of its carbon capture and storage (CCS) project with Exxon Mobil Corp. at its Donaldsonville complex in Louisiana. The global hydrogen and nitrogen products manufacturer expects the project to curb carbon dioxide (CO2) emissions from its operations by up to two million metric tons per annum (MMtpa). ExxonMobil will handle the transport and storage of the captured emissions under a deal with CF Industries signed 2022. “On an interim basis, ExxonMobil is storing CO2 from the Donaldsonville Complex in permanent geologic sites through enhanced oil recovery”,…

Major SAF Milestone for Asia: DHL Express to procure 9.5 million litres of sustainable aviation fuel (SAF) from Neste, marking one of the largest SAF air cargo deals in Asia. Significant Emissions Reduction: SAF to cover 35–40% of fuel needs for DHL’s Changi-based Boeing 777 fleet, reducing lifecycle emissions by up to 80%. Strategic Boost for Singapore’s Green Goals: Deal supports Singapore’s 1% SAF mandate for flights from 2026 and aligns with DHL’s Strategy 2030 growth in “New Energy.” DHL Express and Neste have signed a landmark agreement that will see 9.5 million litres (7,400 metric tons) of Neste MY…