The International Energy Agency (IEA) earlier this year reported that its analysis of recent data on geothermal power showed financing for the sector reached nearly $2.2 billion last year. The investment represents an 80% increase from the prior year, and IEA said it shows exponential growth from just $22 million of investment in 2018. Industry...
On April 7, Anthropic announced Project Glasswing, a coalition of 12 major technology companies marshaling a new frontier artificial intelligence (AI) model to find and fix critical software vulnerabilities before attackers can exploit them. While the announcement is framed around technology infrastructure broadly, the implications for the power sector are immediate and serious. Partner posts from Amazon...
A California-headquartered advanced nuclear energy company said it has received U.S. Dept. of Energy (DOE) approval of the Documented Safety Analysis for the company’s Mark-0 reactor. Antares, which is building compact nuclear microreactors, on April 7 said the DOE’s approval confirms the agency’s acceptance of the final design for the Mark-0, along with the safety...
After 22 years at IBM, where he rose to senior vice president and director of IBM Research, Dr. Dario Gil now leads one of the most ambitious science and technology initiatives in a generation. As director of the Genesis Mission, Gil is orchestrating a convergence of high-performance computing, AI, and quantum computing aimed at fundamentally...
The State of Texas has opened applications for $350 million in advanced nuclear grants through the Texas Advanced Nuclear Development Fund (TANDF), making the nation’s largest state‑level nuclear package competitive for the first time across two programs aimed at reactor construction and supply chain development. In an exclusive interview with POWER, Texas Advanced Nuclear Energy Office...
An Arizona-headquartered developer, owner, and operator of renewable energy projects said construction of another major energy storage project is underway in California. Arevon Energy on March 24 said it has begun building the 250-MW/1,000-MWh Cormorant Energy Storage Project in Daly City. The company said the $600-million installation is expected to enter commercial operation next year....
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