geothermal
11 articles about geothermal in AI news
Quaise Energy Raises $134M for Superhot Geothermal Drilling
Quaise Energy raised $134M for superhot geothermal drilling, targeting 24/7 clean power for AI data centers by 2030.
Critical Energy raises $22M for modular geothermal data center power
Critical Energy raised $22M Series A for modular geothermal plants targeting data center power. Breakthrough Energy Ventures led the round.
DOE Backs Geothermal for AI Data Centers: 8 Pilot Sites Funded
DOE funds 8 geothermal pilot projects to power AI data centers, targeting 5 GW by 2030. Geothermal offers 90%+ uptime, bypassing grid delays.
NEMA, ASHRAE, PNNL Launch AI Data Center Framework as Power Demand Hits 175 TWh
NEMA, ASHRAE, and PNNL launched an AI data center framework addressing 70-100 kW per rack power demands as global AI electricity consumption could hit 175 TWh annually.
Rural Data Centers Bypass City Bans, Shift $2B Grid Cost to Maryland Ratepayers
Maryland ratepayers face $2B in grid costs for out-of-state AI data centers built on rural land to bypass city bans. FERC complaint challenges PJM cost allocation.
X-energy raises $1B+ in IPO for Amazon-backed SMRs
X-energy, an Amazon-backed small modular reactor firm, raised over $1 billion in its IPO by selling 44.3 million shares. The funding targets SMRs to power AI data centers, addressing soaring energy demands from AI infrastructure.
AI Datacenter Spend Hits 5-7 Manhattan Projects Yearly at $250-300B
Inflation-adjusted global datacenter CapEx reaches $250-300B annually, equivalent to 5-7 Manhattan Projects per year. This quantifies the unprecedented infrastructure investment driving the AI boom.
AI Economics Shift: OpenAI Compute Margins Hit 70%, Anthropic Turns Profitable
Analysis shows AI economics have fundamentally flipped. Firms with owned compute see infrastructure costs remain fixed while revenue scales, leading OpenAI's compute margins to rise from 35% to 70% and Anthropic to turn from -94% to +40% margins.
US Data Center Power Demand Hits 15 GW, Grid Constraints Emerge
US data center power demand reached 15 gigawatts in 2023, up from 11 GW in 2022. This rapid growth highlights a widening bottleneck: compute infrastructure is scaling faster than power delivery systems can support.
China's Solar Power Surge: The Hidden Energy Race Behind Artificial General Intelligence
China is deploying 162 square miles of solar panels on the Tibetan Plateau while dominating global solar manufacturing, creating an energy foundation that could determine which nation achieves Artificial General Intelligence first.
Trump's AI Energy Summit: Tech Giants Pledge to Self-Generate Power Amid Grid Concerns
Former President Donald Trump is convening Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI at the White House to sign a 'Rate Payer Protection Pledge,' committing them to generate or purchase their own electricity for new AI data centers, signaling a major shift in how tech's energy demands are addressed.