Topic: behind-the-meter
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Data center emissions could soon rival entire nations
New gas infrastructure for 11 data center campuses could emit over 129 million tons of greenhouse gases annually, surpassing Morocco's 2024 emissions. These behind-the-meter power projects, serving AI firms like OpenAI and xAI, accelerate emissions as developers bypass grid connections to avoid d...
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Texas Chevron Plant Seeks School District Tax Break
Chevron subsidiary Energy Forge One is seeking a Texas state tax break worth over $227 million to build a gas-fired power plant exclusively for a data center, with Microsoft as a potential tenant. The proposed plant in West Texas will not connect to the broader electric grid but will provide behi...
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Geothermal startup Fervo Energy surges 33% in IPO debut on AI data center demand
Fervo Energy's stock surged 33% in its Nasdaq debut on Wednesday, pushing its valuation past $10 billion, driven by strong investor demand for reliable power sources for AI data centers. The company raised $1.89 billion in an upsized IPO, selling shares at $27 each, and is the second energy start...
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