SoftBank’s $7.1 Billion AI Power Bet Hits a Ceiling
SoftBank’s $7.1 billion quarterly loss exposed the cost of overbooking turbines for AI data centers, as grid connections and batteries gain ground over natural gas.
Topic
Natural Gas
Topic
Natural Gas
Anthropic Commits $3.4 Billion to Gas-Powered AI Capacity
Anthropic’s $3.4 billion commitment to 1.7 gigawatts of gas generators shows how power constraints now shape AI infrastructure, a…
SpaceX Eyes $24 Billion Data Center and Gas Plant in Starbase, Texas
SpaceX proposes a $24 billion gas-fired power plant and super-compute facility in Starbase, Texas, with a tax abatement vote set…
Anthropic Buys $3.4 Billion in Natural Gas Turbines as AI Power Crunch Bites
Anthropic is spending $3.4 billion on Caterpillar natural gas turbines capable of 1.7 GW, abandoning its rent-first strategy as t…
CF Industries’ EBITDA Rises 25% as Nitrogen Market Stays Tight
CF Industries posted $833 million of adjusted EBITDA in Q3, while FreedomHolding sees a tight nitrogen market, a Yazoo City resta…
Meta’s Louisiana AI Campus Bets on 5.2 Gigawatts of Gas
Meta’s Entergy agreement adds 5.2 GW of gas generation for Hyperion within a $12.9 billion Louisiana power plan, while seven new…
Utah Data Center's Gas Plan Could Cost $690 Million a Year in Health Damages
A gas-powered Stratos data center could cause up to 45 premature deaths and $690 million in annual health damages, an NRDC-commis…
EQT's $12.8 Billion Range Deal Creates US Gas Giant
EQT will buy Range Resources for $12.8 billion in stock, creating a $50 billion gas giant producing over 9 billion cubic feet per…
European Gas Hits €97 a Megawatt-Hour, Highest Since 2022
European wholesale gas hit €97/MWh, the highest since 2022, as storage sits at 75% and UK bills are forecast to jump 16% in Janua…
Former CEO Says Trump Ally Never Invested in $25 Billion Alaska LNG Project
Polar LNG's ex-chief says Gentry Beach put in no money and Novatek bankrolled the $25 billion Alaska project, weeks before OFAC r…
Britain Faces Some of Europe's Highest Energy Costs This Winter
Britain will pay some of Europe's highest energy prices this winter as LNG imports rise 5% and Europe's gas storage hits a 13-yea…