A New Frontier for AI Infrastructure As artificial intelligence drives a global race to build more computing power, China has unveiled one of the most unconventional solutions yet: the world’s first offshore wind-powered underwater data center. The Shanghai Lingang Undersea Data Center, which entered operation in May, is located more
NEW YORK – The latest sustainability report from Nasdaq, released in 2024, pulls back the curtain on how one of the world’s most influential financial technology companies is cutting its own emissions while building the tools others need to manage theirs. For a sector that consumes significant energy to power
A First for Advanced Nuclear Google has signed the first U.S. deal to purchase electricity from an advanced nuclear reactor, partnering with the Tennessee Valley Authority (TVA) and Kairos Power to bring next-generation nuclear online by 2030. The Hermes 2 Plant in Oak Ridge, Tennessee will deliver 50 megawatts of
NEW ORLEANS — Troy von Otnott has spent nearly two decades searching for the next frontier in clean energy. He helped ignite Louisiana’s solar industry in 2008, turning a fledgling sector into a regional powerhouse. Now, as the chief executive of HotRok Energy, he is convinced that geothermal power is
Key Impact Points: US Clean Energy Enters New Era as Federal Support Shrinks The US clean energy sector is bracing for sharp policy reversals as Congress passes the “One Big, Beautiful Bill,” a sweeping legislative package that curtails many tax credits created under the Inflation Reduction Act (IRA). While some
Key Impact Points: Enfinity Expands Solar Footprint in Italy U.S.-based Enfinity Global has signed Power Purchase Agreements (PPAs) to deliver renewable energy from 420 megawatts of solar PV projects in Italy to an undisclosed U.S. technology company. Supporting Energy Transition “We are pleased to continue supporting our customers across diverse
Key Impact Points: EBRD Drives Green Transition in Polish Homes The European Bank for Reconstruction and Development (EBRD) has extended an €80 million unfunded portfolio guarantee to BNP Paribas Bank Polska (BNPPBP), paving the way for €100 million in new financing aimed at energy efficiency and renewable energy upgrades in
This April, President Donald Trump announced a series of tariffs that have significant implications for the U.S. clean energy sector. These measures include a universal 10% import tariff on all goods, with higher rates for specific countries, notably a cumulative 54% tariff on Chinese imports. Impact on Clean Energy
Key Impact Points: Limited Tariff Impact The global tariffs announced by US President Donald Trump last week will have minimal effects on Asian solar imports, according to a recent report from BMI, a Fitch Solutions consultancy unit. BMI expects only a slight decrease in solar imports, primarily due to pre-existing
Key Impact Points: Climate Volatility Hits Renewable Energy Renewable energy’s rapid expansion faces growing threats from climate variability. Despite record growth in renewable capacity, extreme weather driven by climate change is increasingly disrupting energy generation. Hamid Bastani from the World Meteorological Organization (WMO) highlighted significant impacts: “In Sudan and Namibia,
