Forget about learning to code. Meta says it’s time to pick up a wrench. The company is starting a “workforce academy” to train Americans to build its data centers as skilled trade workers become a sought-after commodity. The five-week training program, in partnership with CBRE and the Associated Builders and Contractors, is free of charge and guarantees graduates a job at...
Tech companies are earmarking unprecedented sums of money to finance the build-out of massive data centers, with a planned $80 billion equity-raise by Google parent being the latest example. But even as the piles of capital secured have grown ever larger, the ability to deploy it in the artificial-intelligence race has become less certain. Supply-chain backlogs, permitting...
Shares of geothermal developer Fervo Energy soared in their public-market debut, a sign of investor appetite for energy companies as the U.S. faces record amounts of new power demand. Fervo’s stock climbed 35% to $36.54 from its $27 initial public offering price. It trades on the Nasdaq under the ticker FRVO. The details Houston-based Fervo uses...
The Wall Street Journal editorial board takes a skeptical look at Washington’s push to invest directly in rare earth companies. Read more in the Wall Street Journal here.
Read more in the Wall Street Journal here.
If the U.S. doesn’t modernize its recycling infrastructure, it risks ceding a multibillion-dollar industry to foreign competitors, while burying valuable materials in landfills. Ross Eisenberg, president of America’s Plastic Makers at the American Chemistry Council in Washington, D.C., says the technology exists to close the gap between what’s tossed in recycling bins and what is...
Vulcan Energy Resources will proceed with its lithium and renewable energy project in Germany after securing a finance package to fund the initial phase of development. The company said Wednesday that it has secured a 2.2 billion-euro ($2.56 billion) package from government agencies and banks for the construction of phase 1 of the Lionheart project in...
The Trump Administration will give Constellation Energy a $1 billion federal loan to restart the Three Mile Island nuclear power plant in Pennsylvania that suffered a partial core meltdown in 1979. Energy Secretary Chris Wright said Tuesday that restarting the plant will help bring down electricity prices and that the administration will act to bring more nuclear generation online....
If things weren’t already frothy enough around AI, now the excitement is headed toward the moon—literally. The world’s richest men are earnestly talking about traveling to outer space to build gigantic data centers to run artificial-intelligence models among the stars. They argue such missions make the most sense for powering energy-hungry operations. “The moon is a gift from...
Chevron plans to keep boosting oil-and-gas production through 2030. It is also becoming more serious about entering the power business. As part of an annual presentation to investors Wednesday, the second-largest U.S. oil producer said it is aiming to bring online by 2027 a power plant that would service an artificial-intelligence data center in the...
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