Energy startup Base Power, co-founded by Zach Dell, secured $1 billion in funding at a $13 billion valuation to install residential batteries in Texas and Chicago, helping stabilize power grids strained by AI data centers.
India's power demand is projected to rise by 6% annually for the next 4-5 years, fueled by consistent renewable energy capacity additions of 45-50 GW per year. A Centrum Institutional Research report highlights strong performance for renewable companies and IPPs, supported by India's 2030 non-fossil fuel target and rising electricity consumption.
Venture capital and private equity firms are increasingly investing in energy transition startups focused on clean energy, grid infrastructure, batteries, and industrial decarbonization, driven by the growing power demands of AI.
The Trump administration is allocating $17.5 billion to accelerate the development of 10 new large nuclear reactors, aiming to meet the surging electricity demand from data centers. The initiative seeks to speed up construction timelines and lower costs compared to previous projects.
Chevron and Microsoft have signed a 20-year agreement for Chevron to supply natural gas to Microsoft's Project Kilby data center in West Texas. The facility, designed to power AI applications, will require nearly 2.7 gigawatts of electricity, with power infrastructure provided by GE Vernova and Caterpillar.
Rosatom's Kirill Komarov predicts rising global electricity demand, particularly in the Global South, driven by intensive development. He noted a shift in nuclear power plant construction, with 70% now in the Global South compared to 30% in Western nations.
India's peak electricity demand reached a record 270.82 GW on May 21, driven by increased use of cooling equipment during a severe heatwave. The power ministry confirmed demand was successfully met, with coal remaining the primary energy source despite net-zero commitments.
ISO New England forecasts a 9% rise in electricity use over the next decade, driven by heat pumps and EVs. Projections are more conservative than last year due to federal policy shifts, but Maine's state-level efficiency goals remain. Grid upgrades and investments are necessary.
India achieved a new record by meeting peak power demand of 256.1 GW on Saturday, with solar energy contributing 57 GW (22%) of total generation. The previous record of 252.1 GW was set on April 24. Solar generation reached about 81 GW around midday, accounting for roughly one-third of total generation. The power ministry projects peak demand could reach 271 GW this year, with non-fossil sources including solar, wind, hydro and nuclear playing an increasingly important role.
India's peak power demand reached an all-time high of 252.1 GW on April 24, surpassing the previous record of 249.9 GW set on May 30, 2024. The surge was driven by increased AC usage in both domestic and commercial sectors as heatwave conditions gripped major parts of the country. The power ministry has estimated peak demand could reach 271 GW this summer.
SEOUL, April 22 (Yonhap) -- South Korea's annual electricity demand is expected ...
