Britain's grid operator, Neso, is expected to pay millions to secure extra electricity on Wednesday evening due to extreme heat straining the energy system. High demand from air conditioning and low wind generation prompted the payment to avoid a rare summer power supply crunch.
Microsoft and Chevron will build a 2.67 GW natural gas power plant in West Texas to supply electricity for Microsoft's AI and cloud data centers under a 20-year agreement. This marks a significant step for Microsoft's sustainability goals.
KEPCO completes 198MW Ukudu Power Plant in Guam, expected to supply 75% of the island's energy demand and generate $2.12 billion in revenue over 25 years.
Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholdersBP plans to sell stakes in two flagship carbon capture and storage projects in the north-east of England as the company continues to retreat from the green agenda.The oil company hopes to reduce its share in the Net Zero Teesside (NZT) project which aims to develop the UK’s first gas power plant to be fitted with a controversial carbon capture system to remove its emissions. Continue reading...
The cost to build natural gas power plants for data centers has jumped 66% since 2023, reaching $2,157 per kilowatt of capacity, while construction timelines have extended 23%. BloombergNEF reports gas turbine prices will rise 195% over 2019 by year-end, with waitlists stretching into the early 2030s. Data center electricity demand is projected to surge from 40 gigawatts to 106 gigawatts by 2035, driving tech giants like Microsoft and Meta to invest in gas infrastructure despite public backlash.
