News Powered By AI
News Powered By AI
Private equity firms are acquiring utility assets as major tech companies build massive data centers and power plants to meet surging AI energy demands, reshaping the traditional electricity market.
The Bank of England will stop accepting coal-linked bonds as collateral for commercial bank loans starting in October, marking a significant climate policy shift that activists view as progress.
Orange County Transportation Authority is spending $27.6 million on hydrogen infrastructure to expand its fuel-cell bus fleet, following the failure of its previous fueling system and a significant operational decline in bus usage.
Gas turbine manufacturers face a severe production crunch as AI data center demand accelerates, with new orders not arriving until 2030 or 2031, creating a significant supply-demand mismatch.
Europe’s Rhine River has recovered slightly from record lows but remains too shallow for normal barge traffic, constraining chemical and fuel transport while masking deeper disruptions through reduced industrial demand.
Norway’s state oil company Equinor reported profits of $11.5bn in the second quarter, nearly double the prior year, driven by elevated oil and gas prices stemming from geopolitical tensions in the Middle East.
