Tag: #renewables14 results
Meta is funding seven natural gas power plants totaling 5,200 MW, 240 miles of 500kV transmission lines, and battery storage to power its $27B, 4-million-sq-ft data center in Louisiana. The deal also supports 2,500 MW of renewables and a future nuclear MOU. This responds to backlash over AI data centers' energy impact amid calls for regulation.
TSMC is turning to wind power amid soaring demand for energy-hungry AI chips. Taiwan faces an energy crunch from record chip manufacturing needs. The company backs renewables to sustain production.
Google is building a highly ambitious data center in Pine Island, Minnesota, aiming for near-total renewable operation. It partners with Xcel Energy for 1.9 GW wind and solar power totaling 19 GWh zero-carbon energy. Iron-rust reaction batteries provide long-duration storage.
AI explosion drives fastest global electricity demand growth in 15 years per IEA report, with data centers fueling half of US increases. Renewables emerge as winners due to low costs and fast deployment versus nuclear or gas. China leverages manufacturing edges while US diversifies sources.
National Energy Administration announced a forthcoming multi-user green electricity direct connection policy at its April 27 press conference. 24 provinces have existing policies, with 99 projects approved for 34.05 million kW renewables. It enables direct supply via dedicated lines to multiple users in industrial and zero-carbon parks.
South Korea plans to lift renewable energy generation to 20% by 2030 to cut import dependence and meet high-end industry power surge. Emphasizes solar/wind expansion to 100 GW and closing 60 coal plants by 2040. Also aims for 40% NEV share in new car sales.
SpaceX team ordered heterojunction PV equipment from a leading Chinese firm, with shipment expected in the first week of May. The export requires regulatory approval. Tesla's terrestrial PV orders are in talks with TOPCon manufacturers.
2026 gov report swaps unit GDP energy consumption for 3.8% CO2 emissions cut, removing caps on renewables like PV and storage. AI compute demand emerges as key accelerator for green energy adoption.
China's battery and solar industry leaders call for top-down government regulations to curb cutthroat competition amid severe overcapacity. This overproduction is eroding profits and risking industry stability, despite potential demand uplift from Middle East tensions. Tianneng Holding Group chairman Zhang Tianren warns of the threats.
Ganfeng Lithium, the world's largest lithium metal producer, expects explosive growth in the global energy storage system market in 2026 due to higher lithium prices and renewable energy demand. Executives highlighted a strong trajectory driven by global decarbonisation at an investors' conference. The company swung from loss to profit last year.