Trump Media & Technology Group (NASDAQ:DJT) on Wednesday entered into an asset acquisition agreement to acquire substantially all the assets of WorldConnect Technologies (WCT) or its affiliate in an all-stock deal. The deal is intended to power the media firm’s planned content distribution network (CDN) for streaming of linear TV—initiallyContinue Reading
omersukrugoksu/iStock via Getty Images U Power Limited (NASDAQ:UCAR) announced on Wednesday that it had signed a memorandum of understanding with Pattaya AI Terminal to jointly drive the strategic development of green logistics and electric vehicle infrastructure in Thailand. The company expects the joint venture will provide electrified solutions for Thailand’sContinue Reading
bombermoon/iStock via Getty Images Google (NASDAQ:GOOG)(NASDAQ:GOOGL) is investing in a Taiwan-based solar company, New Green Power, to provide more renewable electricity to help meet high demand for its data center, cloud region and offices in the island nation. The investment is in partnership with BlackRock’s (BLK) Climate Infrastructure business andContinue Reading
querbeet As demand for electricity to power AI data centers surges, the tech industry is moving to secure a steady supply through nuclear-power plants, the Wall Street Journal has reported. Talks are ongoing with the owners of about a third of U.S. nuclear-power plants, according to the report. Amazon (NASDAQ:AMZN)Continue Reading
kodda The U.S. Supreme Court issued two highly consequential decisions this week that upended the government regulatory framework in place for decades, with ramifications for environmental and energy policy. First, the Supreme Court discarded a 1984 precedent from the case Chevron v. Natural Resources Defense Council, which had provided significantContinue Reading
RelaxFoto.de/E+ via Getty Images The U.S. will need at least 10 GW of additional large nuclear capacity in the coming years to supply surging energy demand while also meeting climate goals, Southern Co. (NYSE:SO) CEO Chris Womack said Thursday at the Reuters Global Energy Transition conference. The typical reactor inContinue Reading
Ocean Power Technologies (NYSE:OPTT) on Thursday announced the signing of an Original Equipment Manufacture agreement with Teledyne Marine, a division of Teledyne Technologies (NYSE:TDY), a supplier in the maritime technology inclusive of connectors, instruments, and vehicles. “This strategic partnership aims to enhance OPT’s product offerings and drive innovation within the industryContinue Reading
Massimo Giachetti/iStock Editorial via Getty Images Nasdaq (NASDAQ:NDAQ) said on Wednesday that its previously announced agreement to sell Nasdaq’s Nordic power trading and clearing business to the European Energy Exchange was terminated, the company said in a statement on Wednesday. The company didn’t provide a reason for why the dealContinue Reading
vchal/iStock via Getty Images NuScale Power (NYSE:SMR) is continuing a big run after the U.S. Department of Energy said it would fund up to $900M to aid in the deployment of small modular nuclear reactors. Since the announcement a week ago, the stock has soared 30%, including another 10% moveContinue Reading
Gargolas/iStock via Getty Images Texas geothermal company Fervo said Tuesday that Southern California Edison (NYSE:EIX) signed power purchase agreements for power from its advanced geothermal project under construction in southwest Utah; financial terms were not disclosed. In terms of megawatts, Fervo said the deal for 320 MW – the equivalentContinue Reading
