Tag: #power-generation6 results
Meta is seeking about $3 billion in loans to build the massive 'Prometheus' AI data center project. The 1 gigawatt facility integrates data centers with independent power generation in one financing package. News reported on April 5.
Pembina Pipeline Corp. is moving forward with a C$4.6 billion project to build a gas-fired power plant in Alberta. This facility is specifically designed to provide dedicated electricity to support a new data center project.
FTAI Aviation plans to convert 100 retired CFM56 jet engines annually into turbines generating 25MW each for AI electricity needs. The CFM56 is the most widely used jet engine, powering Boeing 737 and Airbus A320 fleets. The company is valued over US$25 billion.
A key New Mexico natural gas pipeline supporting power-generation systems for a planned Oracle data center has been delayed. The project is now expected to enter service in 2027.
Caterpillar surged after beating Wall Street’s second-quarter expectations and raising its sales outlook. The results eased concerns that demand for power-generation equipment used in data centers was cooling.
Trump has convinced data center companies to pledge funding their own power generation. The pledge lacks enforcement and faces economic doubts, potentially limiting impact.