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Moody's estimates that between 2023 and 2028, the electricity usage in data centers will grow 43% yearly. That's not including the energy-intensive process of constructing even more data centers, which Big Tech is scrambling to do. Business Insider spoke with three market experts to get their thoughts on what companies are best positioned to succeed as AI's appetite for energy strains existing infrastructure. Baker is betting on the utilities and cooling solutions providers that service the energy needs of data centers. New infrastructure needs to be built out, and the existing infrastructure needs to be bolstered, according to Wilhelmus.
Persons: , Mark Zuckerberg, Jennifer Foster, Foster, Graeme Baker, Baker, Schneider, Jakob Wilhelmus, Wilhelmus, Eaton Organizations: Service, Business, Big Tech, Chilton Investment Company, Broadcom, Marvell Technology, IBM, Schneider, Trane Technologies Locations: Virginia, Freeport, McMoRan
CNN —Russia is planning to attack Ukrainian nuclear power plants, aiming to disconnect them from the energy grid, Ukrainian President Volodymyr Zelensky told the United Nations, warning such attacks risk “nuclear disaster”. Zelensky told the UN General Assembly “radiation does not respect state borders.”Since Russia “can’t defeat our people’s resistance on the battlefield,” Zelensky said Russian President Vladimir Putin is “looking for other ways to break the Ukrainian spirit.”For a third winter, Russia is stepping up its strikes on Ukraine’s energy grid in a bid to leave Ukrainians in the “dark and cold,” Zelensky said. In his speech Zelensky recalled the “horrifying” moment in the first weeks of the war when Russian attacks on the Zaporizhzhia Nuclear Power Plant (ZNPP), the largest in Europe, stirred fears among Ukrainians of another Chernobyl-style disaster. “No one could know how Russian strikes on the nuclear facility would end, and everyone in Ukraine was reminded of what Chernobyl means,” he said. Two-and-a-half years later, Zelensky warned the ZNPP remains “at risk of a nuclear incident.”This is a developing story and will be updated.
Persons: Volodymyr Zelensky, Zelensky, Russia “, ” Zelensky, Vladimir Putin, Joe Biden, Organizations: CNN, United Nations, UN, Assembly, United Locations: Russia, , Europe, Ukraine
Take a look inside a $1.1 million 'zero emissions' home
  + stars: | 2024-09-24 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Courtesy: Wojciechowski FamilyGreg Iacurci: What does it mean for your home to be considered 'zero emissions'? Not only am I producing solar [energy] and any excess is going back onto the grid, but the power from the grid coming into my home is clean and sustainable. MW: Our utility bills are projected to be about $917 a year with [solar] panels, or around $80 a month. Courtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyGI: What do you mean solar offsets it? Solar panels only make sense if you build an energy-efficient home that's really all-electric.
Persons: Morgan Wojciechowski, Casey, Greg Iacurci, That's, It's Organizations: Dominion Locations: It's, Walnut, U.S
Shares in Bloom Energy could double if the fuel cell company wins a large deal to power data centers similar to the Three Mile Island nuclear plant restart , according to Morgan Stanley. Morgan Stanley values Constellation's contract with Microsoft at $100 per megawatt hour, compared to the typical market price of about $50 per megawatt hour. Including grid charges, the prices rises to $130 per megawatt hour, according to the bank. Bloom, however, is positioned to capture a so-called "time-to-power" premium by directly supplying a major data center, according to Morgan Stanley. Morgan Stanley raised its price target to $22 from $20 in mid-August, 2024, and has rated Bloom Energy overweight since April 2023.
Persons: Morgan Stanley, Andrew Percoco, Bloom, Percoco, — CNBC's Michael Bloom Organizations: Bloom Energy, Constellation Energy, Microsoft, BE Locations: Harrisburg , Pennsylvania
According to Lebanese health officials, Israeli strikes have killed 558 people and led thousands to flee for safety. "It's not going to be a walk in the park," Assaf Orion, a retired brigadier general from the Israeli military told the Journal. Analysts say that Hezbollah has likely learned valuable lessons from working with the Russian military in Syria. The latest round of conflict between Israel and militias aligned with its arch-foe Iran began on October 7, when Hamas launched terror attacks in Israel and Israeli forces invaded Gaza. Hezbollah launched missile attacks on northern Israel in solidarity with Hamas, while the US pledged support for Israel if attacked and the Kremlin shored up support for its regional allies.
Persons: , Vladimir Putin's, It's, Mesrob, Russian Wagner Organizations: Service, Military, Wall Street, Business, Center for Strategic, International Studies, Department of Politics, Studies, SOAS, University of London, France, Hezbollah, Israel, CNN, Washington Institute for Near, Hamas, Washington Institute Locations: playbook, Ukraine, Lebanon, Israel, Russia, Ukrainian, Syria, Russian, Iran, Gaza, Hezbollah
Bad Bunny is once again using his music to draw attention to his homeland, Puerto Rico, and as a catalyst for activism. Bad Bunny sings in Spanish. Bad Bunny calls out government leaders for “hiding” and showing up only to make appearances but not actually sending any help. Fans across the internet have applauded Bad Bunny for using his platform to bring awareness to what took place. This isn’t the first time Bad Bunny has used his art to spread awareness of the issues facing his homeland.
Persons: Bunny, Una Velita, Tainy, Hurricane Maria, Virgin Mary —, we'll, , Bad Bunny, grandpa, Maria, Carlos Calderon, Bianca Graulau, El Tony, Organizations: Puerto Rican, Hurricane, Virgin, Puerto Ricans, Hurricanes Locations: Puerto Rico, U.S, Puerto, Hurricane, Puerto Rican, , Al, el
Constellation Energy stock is still rising after the power company's landmark announcement last week that it plans to restart the Three Mile Island nuclear plant in Pennsylvania. The operational risk to bring the plant back online in 2028 appears manageable, Morgan Stanley told clients in a note on Monday. Renewable energy and natural gas stocks could also indirectly benefit from nuclear deals, according to Morgan Stanley analyst Stephen Byrd. Renewable stocks such as AES Corp. , NextEra Energy and First Solar could get a tailwind for the same reason, according to Morgan Stanley. CEO John Ketchum said the company is looking at restarting the Duane Arnold nuclear plant in Iowa.
Persons: Morgan Stanley, David Arcaro, Arcaro, Stephen Byrd, Byrd, NextEra, John Ketchum, Duane Arnold, Wells, Neil Kalton, — CNBC's Michael Bloom Organizations: Constellation Energy, Constellation, Microsoft, Vistra Corp, Vistra, Public Service Enterprise Group, Tech, . Companies, GE Vernova, Siemens Energy, Mitsubishi Power, NRG Energy, AES Corp, NextEra Energy Locations: Pennsylvania, Iowa, Wells Fargo
Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. 7 a.m.: DA Davidson downgrades Microsoft, cites diminishing AI lead DA Davidson believes that Microsoft has lost its edge over competitors in artificial intelligence. The investment firm downgraded shares of the tech giant to neutral from buy, although analyst Gil Luria maintained his $475 price target. This could begin to have a material impact on the company's returns beginning in 2025, the analyst wrote. Wells Fargo analyst Neil Kalton also hiked his price target on the stock to $300, implying nearly 18% upside ahead.
Persons: Raymond James, Morgan Stanley, Bernstein, DA Davidson, Davidson, Gil Luria, Luria, GitHub Copilot, — Lisa Kailai Han, Daniel Roeska, Roeska, Lisa Kailai Han, Ronald Josey, Josey, Meta, Atif Malik, Malik, Raymond James downgrades, Brian Gesuale, Gesuale, David Arcaro, Arcaro, Wells, Neil Kalton, — Fred Imbert Organizations: CNBC, Constellation Energy, Motors, Microsoft, DA, Nvidia, Motors General Motors, General Motors, Hyundai, Citi Locations: Palantir, Friday's, U.S, 25e, GenAI
The 'freeing' reality of living smallOne of the biggest challenges was getting rid of most of our stuff before moving into the Airstream. We held garage sales over several weekends and digitized thousands of photos onto CDs instead of keeping physical photographs. Living small made household chores quick and easy. Photo: Steve AdcockOur expenses on the roadFor the first year of travel, we spent about $35,000. A night shot of our Airstream in a small campground just west of Tucson, AZ in 2016.
Persons: Courtney, Dodge, Steve Adcock, Patti, Penny, hookups, I've Organizations: Bryce National, of Land Management, Alabama, ACs, Costco, Safeway, YouTube Locations: Bryce, Utah, RVers, Truckee , CA, New York, California, Lake Powell , Arizona, New York's, Montana, Leavenworth , Washington, Bend , Oregon, Tucson, AZ
A unit of Pennsylvania's Three Mile Island nuclear plant will be restarted as part of a new energy-sharing agreement with Microsoft, which plans to use it to power the data centers it operates as part of its push into artificial intelligence. Today, energy has become the new coin of the realm for companies investing in artificial intelligence. That's because the data centers tasked with running the complex calculations needed to power artificial intelligence applications require enormous amounts of power. Restarting Unit 1 will mean bringing 800 megawatts back onto the grid, greater than the amount of hydroelectric power supplied by the Hoover Dam. Microsoft's vice president of energy touted the clean-energy benefits of reviving the facility in a statement.
Persons: Bobby Hollis, Satya Nadella Organizations: Microsoft, Constellation Energy, Constellation, BlackRock Locations: Michigan, Iowa, United States
Norma Field walks under power lines coming off of the nuclear plant on Three Mile Island (TMI), with the operational plant run by Exelon Generation, in Middletown, Pennsylvania. Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense power needs of the tech sector as they build out data centers to support artificial intelligence. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed. Three Mile Island would be the second nuclear plant to restart operations in U.S. history. The Palisades nuclear plant in Michigan would be the first, with that plant expected to return to service at the end of 2025.
Persons: Norma Field, Constellation, Joe Dominguez, Goldman Sachs Organizations: Exelon, Constellation Energy, Microsoft, Constellation, Nuclear Regulatory Commission, Clean Energy Center, Rystad Energy, Turkey . Tech, Amazon Web Services, Talen Energy, Susquehanna, Oracle Locations: Middletown , Pennsylvania, Turkey, Pennsylvania, Michigan
She said she went from stressing constantly about retirement to living comfortably, though life is at times lonely. "Between all those things, the result of that wonderful, exciting life was that I didn't save for retirement," Gretchen said. Living comfortably for cheaperWith $3,000 a month and a small brokerage account, Gretchen and her husband live comfortably in Ecuador. Gretchen Kay and her husband live in a newly built condo in Ecuador. In Utah, they paid over $1,000 a year in property insurance and about $1,000 in property taxes.
Persons: Gretchen Kay, Robert, Gretchen, Ecuador Gretchen, wasn't, she's Organizations: Service, Business, Walmart, Social Security, Mayo Clinic, Google Locations: Ecuador, Utah, Canoa, San Vicente, Moab, South America, Peru, Ecuador's, San Diego, Quito, Cuenca
In many ways, F1 Academy is a spiritual successor to W Series, an all-female racing series that shuttered in 2022 because of financial problems. Where F1 Academy differs is that it has the financial backing of Formula 1 and buy-in from the sport's constructors, with each team sponsoring F1 Academy drivers. "F1 Academy is a really friendly environment and a bit different to when I've been in male paddocks with mixed competition. She previously competed in W Series and has enjoyed her time so far with F1 Academy, which she describes as a "streamlined" series. Most importantly, though, she's grateful for the amount of testing and practice time that F1 Academy provides.
Persons: , It's, Susie Wolff, Wolff, Marta García, Williams, Venturi, Toto Wolff, James Sutton, I've, Doriane, Racing, Pin, Chloe Chambers, Chris Graythen, Chambers, Haas, she's Organizations: Formula, Service, Academy, Motorsports, F1, Formula Regional, Williams Racing, Formula E, Mercedes F1, F1 Academy, Racing Locations: Spain, Singapore, British, Jeddah, Saudi Arabia
New York CNN —Three Mile Island, the site of worst nuclear disaster in the United States, is reopening and will exclusively sell the power to Microsoft as the company searches for energy sources to fuel its AI ambitions. Microsoft will purchase the carbon-free energy produced from it to power its data centers to support artificial intelligence. Clean energy advocates and businesses alike are looking towards nuclear energy as a source of zero-carbon power that is a reliable baseload source. Three Mile Island, located near Harrisburg, is best known for being the most serious accident at a commercial nuclear power plant in US history when it experienced the partial meltdown of one of its two reactors. Demand for energy is expected to surge as tech giants need more sources of power to fuel their AI needs, especially nuclear power, which is carbon-free and helps them maintain their lofty climate goals.
Persons: weren’t, , Joe Dominguez, It’s, Joe Biden’s, Biden, Bobby Hollis, CNN’s Ella Nilsen Organizations: New, New York CNN, Microsoft, Constellation Energy, Constellation Locations: New York, United States, Harrisburg
It’s also here, on an unassuming downtown street, a small start-up called Energy Singularity is working on something extraordinary: nuclear fusion energy. Nuclear fusion, the process that powers the sun and other stars, is painstakingly finicky to replicate on Earth. The Chinese government is pouring money into the venture, putting an estimated $1 billion to $1.5 billion annually into fusion, according to Jean Paul Allain, who leads the US Energy Department’s Office of Fusion Energy Sciences. The US was among the world’s first to move on the futuristic gambit, working on fusion research in earnest since the early 1950s. CNNThe US has been a fusion leader for decades; it was the first nation to apply fusion energy in the real world — in a hydrogen bomb.
Persons: It’s, Lam Yik Fei, Jean Paul Allain, Biden, , it’s, ” Allain, Andrew Holland, Holland, , ” Holland, Damien Jemison, Lawrence, Melanie Windridge, Mikhail Maslov, Allain Organizations: CNN, 6G, Beijing outspends DC, New York Times, US Energy Department’s, Fusion Energy Sciences, Private, Nikkei . Energy, MIT, Fusion Industry Association, Princeton, Physics, American, America, Commonwealth Fusion Systems, ” CNN, China’s National Energy Administration, Lawrence Livermore National Laboratory, Fusion Energy, EAST, UK Atomic Energy Authority Locations: Shanghai, America, China, Beijing, Washington, DC, Japan, Europe, United States, Hefei, Xinhua, Massachusetts, Hiroshima, California, Lawrence Livermore
NASA’s Orion spacecraft for the Artemis I mission was successfully recovered on December 11, 2022, off the coast of Baja California. Regan Geeseman/NASARadiation worriesNASA has studied the impact of space radiation on human health for decades, dating back to the first crewed space missions of the 1960s. Long-duration space missions to the moon and Mars will expose astronauts to radiation from cosmic rays, or high energy particles that move through space. Courtesy NASAPlanning for Artemis IIIf a solar storm were to occur while the Artemis astronauts were in space, it could last for days. NASA astronaut Christina Koch participates on August 1 in crew geology training in Iceland ahead of the Artemis II mission.
Persons: Artemis II, Artemis I, Artemis, torsos, Helga, Zohar, , Sergi Vaquer Araujo, Araujo, ” Araujo, NASA’s, Regan Geeseman, Earth’s Van Allen Belts, Van Allen Belts, Stuart George, Kim Shiflett, ” George, George said, Artemis III, Reid Wiseman, Victor Glover, Christina Koch, Jeremy Hansen, Robert Markowitz, Kelsey Young Organizations: CNN, Orion, European Space Agency, NASA’s Orion, NASA, Space, Apollo, Space Center, Kennedy Space Center, Canadian Space Agency, Goddard Space Flight Locations: Artemis, Baja California, Earth’s, Houston, Mars, Florida, Iceland, Greenbelt , Maryland
10-Minute Challenge: ‘Canopy’
  + stars: | 2024-09-19 | by ( Larry Buchanan | Nico Chilla | Francesca Paris | ) www.nytimes.com   time to read: +6 min
This painting, called “Canopy,” is from 2020. ):With yards:And she did it with plastic buckets — the painting you just spent some time with. She spent the whole first summer just trying to get the perspective on the tops of the buckets right — searching for the right ellipse shape — working them out in drawings and on the canvas. Near the end of our conversation, we asked Ms. Murphy why she still paints this way after all these years. Why deal with the dying grass, the ever-changing light, those impossible ellipses, morning after morning after morning?
Persons: Catherine Murphy, Catherine Murphy —, Murphy, , Murphy’s, , , I’m Organizations: Metropolitan Museum of Art, Depot
CNN —Ukraine’s electricity supply risks “severe disruptions” this winter, the International Energy Agency (IEA) has warned, urging Kyiv’s allies to help address the country’s energy security. Russia has repeatedly attacked Ukraine’s energy infrastructure with missiles and drones since its full-scale invasion in February 2022, but its bombardments have intensified recently, leaving the country in a precarious position as colder weather approaches. Ukraine has also attacked Russia’s energy infrastructure. In its report, the agency outlines 10 measures that Ukraine and its allies should implement to tackle risks to the country’s energy supply. She also noted that the EU had contributed at least €2 billion ($2.2 billion) toward Ukraine’s energy system since Russia’s full-scale invasion began.
Persons: Kyiv’s, Fatih Birol, Ukraine’s, Ursula von der Leyen Organizations: CNN, International Energy Agency, European Union, Work, EU Locations: Russia, Ukraine, Moscow, Denmark, Europe, Lithuania
Talen's surge comes on the back of its deal to sell a data center campus to Amazon Web Services and supply the facility with nuclear power from the Susquehanna station northwest of Allentown, Pennsylvania. The deal is viewed as a trailblazing agreement for the power industry, and Wall Street has taken notice. A year ago, Talen was not covered by any Wall Street analysts, according to FactSet data. And Talen's assets are located almost entirely in the PJM grid, a predominantly mid-Atlantic region where power prices are expected to explode as demand outstrips supply due in part to growing data center load. Data center developers are expected to spend $250 billion annually on data centers, Barclays analyst Nicholas Campanella said in a note this week.
Persons: Talen, Shahriar Pourreza, Pourreza, TLN, William Appicelli, Nicholas Campanella, Campanella, amortization, Appicelli Organizations: Talen Energy Corporation, Amazon Web Services, Street, Barclays, Guggenheim, Jefferies, UBS, Susquehanna, Talen Energy, AWS, American Electric Power, AEP, Federal Energy Regulatory Commission Locations: Susquehanna, Allentown , Pennsylvania, Wednesday's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Grid is crucial' and the U.S., UK are pushing us to invest more, Iberdrola chairman saysIgnacio Galán, the chairman of Iberdrola, emphasises the importance of investment in the grid in an exclusive interview with CNBC's Charlotte Reed.
Persons: Ignacio Galán, CNBC's Charlotte Reed Locations: U.S
Clean energy and clean vehicle companies added nearly 150,000 new jobs in 2023, the first full year of the Inflation Reduction Act, the report found. Of that total, the South added more than 54,000 clean energy jobs, accounting for 36% of all new jobs in the region. By comparison, the Midwest, Northeast and West combined added 95,000 clean energy jobs in 2023. The employment sectors analyzed in E2’s “Clean Jobs America” report include clean vehicles, renewable energy, battery storage, grid modernization and biofuels. Clean energy jobs now account for about 1 in 16 new jobs created in the U.S.E2 has released annual reports on clean energy job growth in the U.S. since 2015.
Persons: Kamala Harris, , Donald Trump, Harris, Biden, Bob Keefe, We’re, Organizations: Biden, Senate, Jobs America, Republicans Locations: United States, U.S, Midwest, Northeast, Southern, Alabama, Kentucky, Oklahoma, California, Florida, Texas
Now, the retail giant is turning to generative AI to drive more same-day shipping. But not all the changes that generative AI may bring to the e-commerce giant are positive. Robots and new rolesThe number of Amazon warehouse robots grew from 350,000 in 2021 to more than 750,000 in 2023, according to the company. "They're using generative AI and computer vision to avoid obstacles and find the right place to stop," Armato said. Amazon's AI is three times better at identifying damaged products than humans are, the company said.
Persons: Steve Armato, Armato, Lisa Setyon, Tom Forte, Forte, it's, Katie Tarasov Organizations: Amazon, CNBC, Amazon's, Maxim, Senate Locations: California, Tracy, U.S, Tracy , California, Richmond , California
Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating on Amazon following CEO Andy Jassy's letter to employees on Monday. Bank of America adds Palantir to the US1 list Bank of America added the stock to its top picks list. Bank of America reinstates Carvana as buy Bank of America resumed coverage of Carvana and upgraded it to buy saying it sees accelerating growth. Bank of America upgrades Hewlett Packard Enterprise to buy from neutral Bank of America said shares of the company are "attractive." Bank of America upgrades GE Vernova to buy from neutral Bank of America said it sees a "power surge" for the stock.
Persons: Oppenheimer, Andy Jassy's, Andy Jassy, Bernstein, Tesla, underperform Bernstein, Redburn, LSCC, Ford Tamer, Mizuho, DELL, Morgan Stanley, Virgin, Jefferies, it's bullish, JEF, ARMK, Baird, BTIG, " Jefferies, SolarEdge Organizations: Nvidia, " Bank of America, Bank of America, Semiconductor, Stifel, Board, Dell, JPMorgan, ViaSat, United Airlines, Viasat, IFC, Virgin Galactic, Virgin, Citi, UBS, APP, RBC, Baird Conference, Burger, Walmart, Technologies, Healthcare, Barclays, D, WEC, Hewlett Packard Enterprise, of America, Hewlett, Packard Enterprise, GE, Gas Power Services Locations: Europe
The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.
Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC
With iOS 18, Apple is bringing updates to a wide range of apps and features, including Mail, Photos, iMessage, and Apple Wallet. And while iOS 18 will eventually feature Apple Intelligence features for the iPhone 15 Pro and iPhone 16 lineup, you'll have to wait until October to see those features start rolling out. AdvertisementHere are some of the changes we're most excited about iOS 18. A new home screen designApple iOS 18 lets you customize your home screen wallpaper, app icons, and widgets. Apple Maps is becoming more hiker-friendlyApple Maps will have topographic maps with detailed trail networks and hiking routes with iOS 18.
Persons: , it's, Ronak Shah, You'll, Craig Federighi, Apple Cash, Apple AirPods, Siri, Apple Organizations: Service, Apple, Apple Intelligence, Business, Tapbacks, Google, OpenAI Locations: Siri
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