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Microsoft Announces $1 Billion Investment in Ohio Data Centers as Officials Ponder Power Demands

Microsoft Announces $1 Billion Investment in Ohio Data Centers as Officials Ponder Power Demands

by | Nov 1, 2024 | Energy News

Tech giant Microsoft announced an initial investment of $1 billion to support three new data centers in Licking County, Ohio. The company on Oct. 28 confirmed construction of campuses in […]

The post Microsoft Announces $1 Billion Investment in Ohio Data Centers as Officials Ponder Power Demands appeared first on POWER Magazine.

Digital Data Centers

Dominion Sells 50% Stake in $10B Offshore Wind Project

Dominion Sells 50% Stake in $10B Offshore Wind Project

by | Nov 1, 2024 | Energy News

Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an […]

The post Dominion Sells 50% Stake in $10B Offshore Wind Project appeared first on POWER Magazine.

The first six of 176 monopiles for the Coastal Virginia Offshore Wind project were installed in the Northwest corner of the lease area in May. Installation work, scheduled from May 1 to October 31 each year to protect the North Atlantic right whale migration, will continue through 2025. Courtesy: Dominion

DOE Loan Programs Office Publishes Community Benefits Plans for Energy Projects

DOE Loan Programs Office Publishes Community Benefits Plans for Energy Projects

by | Nov 1, 2024 | Energy News

The U.S. Dept. of Energy’s (DOE’s) Loan Programs Office (LPO) has published Community Benefits Plans (CBPs) for several projects that recently finalized financing from the agency. The projects include the […]

The post DOE Loan Programs Office Publishes Community Benefits Plans for Energy Projects appeared first on POWER Magazine.

Palisades-nuclear-plant-Entergy

Major Microreactor Developer Enters Bankruptcy Amid Nuclear Industry Surge

Major Microreactor Developer Enters Bankruptcy Amid Nuclear Industry Surge

by | Nov 1, 2024 | Energy News

Ultra Safe Nuclear Corp. (USNC), a developer of much-watched microreactor technology and advanced nuclear fuel, has filed for Chapter 11 bankruptcy. The move signals a critical restructuring phase through which […]

The post Major Microreactor Developer Enters Bankruptcy Amid Nuclear Industry Surge appeared first on POWER Magazine.

USNC Micro Modular Reactor

Power and Data Center Sectors Join Forces to Resolve Mounting Electricity Demand Uncertainties

Power and Data Center Sectors Join Forces to Resolve Mounting Electricity Demand Uncertainties

by | Nov 1, 2024 | Energy News

The Electric Power Research Institute (EPRI) has launched an ambitious new initiative alongside power companies, grid operators, and several tech giants to establish five to 10 “flexibility hubs” that will […]

The post Power and Data Center Sectors Join Forces to Resolve Mounting Electricity Demand Uncertainties appeared first on POWER Magazine.

Projections of potential power consumption in U.S. data centers scenarios, 2023–2030. Courtesy: EPRI, Powering Intelligence: Analyzing Artificial Intelligence and Data Center Energy Consumption. May 2024.

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