Bloom Energy’s stock is up 1,000% in a year because its fuel cells are solving AI’s data center power problem | Fortune
Bloom Energy’s 1,000% Stock Surge Fueled by AI Data Center Power Demand From Mars Missions to Powering the AI Boom…
Category: Energy
South Africa’s Cabinet Approves R2.23-Trillion IRP 2025 Energy Plan, Minister to Brief Public
Cabinet has approved the new Integrated Resource Plan for electricity, referred to as IRP 2025, which outlines a R2.23-trillion investment in South Africa’s energy future. Electricity and Energy Minister Dr Kgosientsho Ramokgopa will provide a detailed briefing on the plan on October 19, with the full policy to be published in the Government Gazette.
Major Energy Policy Shift Approved
South Africa’s Cabinet has approved the new Integrated Resource Plan for electricity, which is being referred to as ‘IRP 2025’, according to official statements. The plan represents what sources indicate is a significant update to the country’s energy policy framework, focusing on both immediate capacity constraints and long-term sustainability goals.
Trump Administration Backs Offshore Oil Drilling Revival Despite California Spill History and Legal Challenges
The Trump administration is supporting Sable Offshore Corp’s controversial plan to restart offshore oil drilling in California waters, despite the site’s history of a massive 2015 spill that devastated coastal ecosystems. The company faces multiple lawsuits from environmental groups and state agencies while pushing forward with what officials call a “comeback story for Pacific production.”
Offshore Drilling Controversy Reignites After Historic Spill
Federal officials under the Trump administration are backing a Texas-based energy company’s efforts to resume offshore oil drilling in California waters where a 2015 pipeline rupture caused the state’s worst oil spill in decades, according to reports. The corroded pipeline failure released more than 140,000 gallons of crude oil, blackening beaches along 150 miles of coastline from Santa Barbara to Los Angeles and devastating marine wildlife.
Energy Standing Charge Overhaul Faces Industry Pushback as Debt Hits Record £4.4bn
Energy suppliers have expressed significant concerns about Ofgem’s proposed standing charge overhaul, warning the changes could worsen affordability issues for vulnerable households. Meanwhile, customer debt to energy companies has reached a record £4.4 billion, with over one million households having no repayment arrangements in place.
Energy Industry Leaders Question Ofgem’s Standing Charge Reforms
Energy executives have expressed significant reservations about regulator Ofgem‘s proposed overhaul of standing charges, warning MPs that the plans could potentially backfire and worsen affordability issues for struggling households. According to reports from the Energy Security and Net Zero Committee hearing, industry leaders from the UK’s largest suppliers questioned the effectiveness of the proposed changes.
Oracle Secures 2.3 GW Modular Gas Power Fleet From VoltaGrid for Texas AI Data Centers
Oracle is partnering with VoltaGrid to deploy 2.3 GW of modular natural gas generation across Texas data center sites. The collaboration aims to address AI workloads’ unique power demands with fast-response generation that requires zero battery storage.
Major Power Partnership for AI Infrastructure
Texas-based power specialist VoltaGrid will deploy 2,300 MW of modular, ultra-low-emissions natural gas generation to support Oracle Cloud Infrastructure’s artificial intelligence data centers across Texas, according to reports announced October 15. The collaboration combines VoltaGrid’s proprietary modular power platform with firm natural gas supplied by Energy Transfer’s 140,000-mile pipeline and storage network to deliver dependable, on-demand generation for Oracle’s expanding AI infrastructure.
US Nuclear Waste Stranded in Temporary Storage as Permanent Solution Remains Elusive
Nearly 80 years of accumulated nuclear waste remains stranded in temporary storage sites across the United States without a permanent disposal solution. Experts point to deep geological repositories as the answer, but political and technical challenges have delayed implementation despite Finland’s progress toward operational disposal.
Nuclear Waste Storage Crisis Deepens
Decades of spent nuclear fuel from both power generation and defense applications remains stranded in what analysts describe as temporary storage solutions across the United States, according to recent reports. Sources indicate that nearly 80 years of accumulated radioactive material continues to be housed in secured but potentially vulnerable facilities while permanent disposal options remain stalled.
Apple Expands Renewable Energy Portfolio with 650MW European Projects and China Supplier Initiative
Apple has reportedly contracted for 650 megawatts of renewable power across multiple European countries, with significant solar and wind projects underway. The tech giant also announced a $150 million investment to help Chinese suppliers transition to clean energy sources.
Major European Renewable Energy Expansion
Technology giant Apple Inc. has signed contracts for 650 megawatts of renewable energy across Europe, according to reports from the company’s regional announcements. Sources indicate this power will help offset energy consumption from Apple devices, which reportedly accounts for nearly one-third of the company’s carbon footprint, including products like the Apple Watch and Mac Pro.
US Energy Policy Shift to Boost Fossil Fuels, Hike Emissions 3 Billion Tons by 2050: Report
The Trump administration’s reversal of clean energy incentives and support for fossil fuels is projected to increase North America’s power emissions by 3 billion metric tons through 2050. Coal generation is now expected to be 46% higher than previous estimates, while wind power faces a 24% decline.
Major Policy Shift Drives Emissions Increase
The abrupt cuts to U.S. federal clean energy incentives alongside fresh support for fossil fuel power will trigger a significant increase in North America’s emissions in the coming decades, according to reports from consultancy DNV. Analysis suggests that North America’s power emissions from 2025 to 2050 will be 3 billion metric tons more than was projected in 2022, when the previous U.S. administration had implemented aggressive clean power goals.
UK Energy Bills Set to Rise as Grid Upgrades Accelerate, Suppliers Warn
Britain’s largest energy suppliers have issued warnings that household bills could surge in coming years due to necessary grid modernization. Executives from Octopus Energy, EDF, and E.On testified before Parliament about the financial implications of infrastructure upgrades.
Energy Executives Warn of Rising Consumer Costs
Executives from some of Britain’s largest energy suppliers have indicated that government-driven investments in the electrical grid could significantly increase consumer bills in the near future, according to reports from a parliamentary hearing held Wednesday. Representatives from Octopus Energy, EDF, and E.On provided testimony alongside Centrica Plc regarding the affordability challenges facing consumers.