Energy
AI to Bring Kazakhstan's Energy Sector $51 Million Annually
Artificial intelligence will provide Kazakhstan's energy sector with 23 billion tenge annually.
Ifo: Inflation in Germany to Exceed 3% Due to Energy Costs
High energy costs are forcing companies to raise prices for customers. The Ifo Institute forecasts inflation above 3%.
Comstock and SOCAR Sign $1.65 Billion Shale Agreement
Comstock and SOCAR have signed a $1.65 billion contract, deepening their collaboration in shale resources.
TrendForce Forecast: Data Center Electricity Demand to Reach 161 GW by 2026
TrendForce expects global electricity demand in data centers to reach 161 GW by 2026, which could impact the energy system.
NextEra Energy Announces 35 GW Project for AI
NextEra Energy has announced a project reserve of 35 GW to meet energy needs for AI.
Energy Demand May Increase by 60% by 2060 Thanks to Developing Countries
Global energy demand is set to increase by 60% by 2060 due to economic development in Brazil, India, Nigeria, and Indonesia. S&P Global forecasts that oil and gas will remain a key part of the energy mix.
Indian State of Maharashtra Plans Tokenization of Power Grid Assets
Maharashtra launches tokenization of 50% of energy transmission assets. Plans to finance new lines and solar centers.
Velaura AI startup raised $110 million and reached a valuation of one billion
Velaura AI, a company specializing in chip development, announced that it has raised $110 million in Series A funding. As a result of the deal, the startup’s valuation exceeded one billion
China approves mandatory plan to increase wind and solar energy generation by 53%
The Chinese government has officially approved a comprehensive renewable energy development plan that sets a mandatory target for increasing wind and solar energy generation by fifty-three percent over the next
LNG exports plummet to six-month low as crisis in the Strait of Hormuz increases market pressure
Global liquefied natural gas exports have plummeted, reaching their lowest level in six months. The main reason for this decline was the conflict in the Middle East, which disrupted key