Topic: backup power
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Base Power Secures $1B to Expand Home Battery Deployment
Base Power secured a $1 billion Series C funding round, valuing the company at $3 billion, to accelerate its growth in the energy storage sector. The company leases home battery systems to Texas homeowners for a low upfront fee and a monthly service charge, bypassing high initial costs and offeri...
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Tech Giants Pledge to Curb Data Center Energy Costs
Major tech firms, including Google and Microsoft, have pledged to cover the costs of new power infrastructure for their AI data centers to address public concerns over rising electricity bills. The agreement requires companies to finance grid upgrades and provide backup power during emergencies, ...
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GM's AI-Powered Cars Get New Hands-Free Driving Assist
General Motors plans to launch a Level 3 automated driving system for the Cadillac Escalade IQ in 2028, enabling "hands off, eyes off" driving on compatible highways. The system uses high-definition mapping, lidar, and machine learning to handle all driving tasks at up to 80 mph, with gradual exp...
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Investors Are Betting Big on Solid-State Transformers
A new generation of intelligent solid-state transformers is emerging, replacing passive hardware with power electronics to give grid operators unprecedented control and improve resilience. These devices act as sophisticated power routers, managing electricity from diverse sources and converting b...
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