Category: power
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Record temperatures, higher natural gas prices to lift power bills this summer
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Pedrosala/iStock via Getty Images Higher electricity bills in the future For most of the United States this summer, the Energy Information Administration expects the average monthly residential energy bill in the United States to rise to $173 in June, July and August, up 3% from a year ago. The biggest…
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Record temperatures, higher natural gas prices to lift power bills this summer
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Pedrosala/iStock via Getty Images Higher electricity bills in the future For most of the United States this summer, the Energy Information Administration expects the average monthly residential energy bill in the United States to rise to $173 in June, July and August, up 3% from a year ago. The biggest…
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Dell, Nvidia and SMC collaborate to power Musk’s Grok AI factory By Investing.com
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Investing.com – Dell Technologies Inc (NYSE:), led by CEO Michael Dell, announced a partnership with NVIDIA Corporation (NASDAQ:) to build an AI factory designed to enhance the capabilities of Grok, an AI model developed by Elon Musk. ,xAI. We’re building the Dell AI Factory using… @nvidia To power @understands extensively…
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Blow as AfDB exits Nairobi waste power plant project on delays
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The African Development Bank (AfDB) has exited a multi-billion shilling renewable energy project in Nairobi’s Kibera slum due to repeated delays in the procurement of services to kick-start the project. The continental lender had in January 2018 awarded Asticom Kenya Limited a grant of $995,000 (Sh128.8 million at current exchange…
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Carlyle explores sale of electric power producer Cogentrix, FT reports By Reuters
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(Reuters) – Private equity firm Carlyle has hired advisers to study a sale of Cognitrix that could value the North Carolina-based energy producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people familiar with the matter. Carlyle is also selling other energy assets…
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Analysis-As Supreme Court decisions loom, a legal assault is weakening SEC’s power By Reuters
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Written by Chris Prentice and Michelle Price WASHINGTON (Reuters) – A legal attack on the U.S. Securities and Exchange Commission has diminished its powers to oversee Wall Street and is likely to worsen with two impending Supreme Court rulings. A US appeals court last week struck down a key Securities…
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Extended power outage that hit Puerto Rico angers and worries many during heat advisories
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Breadcrumb links BMN Business Article writer: Associated Press Murphy Marcus Coral Posted on June 10, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – A power pole with loose cable towers above a house…
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Hyperscalers And AI Firms Eyeing Bitcoin Mining Companies With Lucrative Power Deals: JP Morgan
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The world of Bitcoin mining is undergoing a major transformation, with industry giants such as JPMorgan Chase anticipating an increase in mergers and acquisitions (M&A) activity within the sector. According to a recent research report from the financial institution, Bitcoin miners with attractive energy contracts are emerging as potential acquisition…
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New York power grid faces shortfalls as new clean energy supply lags, NYISO says (NYSE:ED)
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Gargolas/iStock via Getty Images Electrical grid in New York You will experience a shortage in supply If the rate of retirement of fossil fuel-fired power plants continues to outpace the addition of new clean energy supplies as demand rises, the New York Independent System Operator said Thursday in Annual reliability…
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Maxim Power Corp. Announces Board of Directors Election Results and M2 CCGT Operations Update
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Article content CALGARY, ALBERTA, June 05, 2024 (GLOBE NEWSWIRE) — Maxim Power Corp. (“Wisdom – a saying“or the”institution(TSX:MXG) today announced the final director election results from its 2024 Annual General Meeting of Shareholders held on 5 June 2024 (the “Meeting”). A ballot was taken at the Meeting in relation to…
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Contracts for new Sh12bn power hub to be ready in June
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Contracts for the construction of a new national electricity transmission center to be managed by the Kenya Electricity Transmission Company (Ketraco) will be ready this month for approval by Attorney General Justin Muturi, raising hopes for favorable consumer prices. The National System Control Center (NSCC) is currently located on Juja…
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U.S. home power bills forecast to jump nearly 8% this summer – report (NYSEARCA:XLU)
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Gargolas/iStock via Getty Images Home energy bills in the United States are expected to rise They are rising 7.9% on average this summerTemperatures are expected to reach record levels, according to a study released Monday by the National Energy Assistance Directors Association and the Center on Energy, Poverty, and Climate.…
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Bursts of Free Power Raise Red Flags for Green Tech Investors
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Breadcrumb links PMN works Something strange is happening in Europe’s energy markets: prices continue to fall below zero. Article writer: Bloomberg News Lars Poulsson and Eamon Aqeel Farhat Published on June 02, 2024 • 5 minute read You can save this article by registering for free here. Or log in…
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Top utility trade group joins litigation against new Biden power plant rule (NYSEARCA:XLU)
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DWalker44/E+ via Getty Images The largest trade group for electric utilities in the United States said this week that it is Join litigation To challenge the Biden administration’s new rules aimed at cutting carbon emissions from new coal and gas-based power plants. Edison Electric Institute said It supports the EPA’s…
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Carrefour loses appeal in abuse of buyer power case
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The Supreme Court has upheld a decision convicting retailer Majid Al Futtaim Hypermarkets Limited, operating under the name Carrefour, of abuse of buyer power. Judge Anne Onjejo ruled that the retail chain’s conduct against its supplier Orchards Ltd, a yoghurt producer (which has since gone out of business), was exploitative.…
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Plug Power rises to top industrial gainer of week, while IES Holdings dips
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audioundwerbung/iStock via Getty Images Selected Industrial Sector (XLI) declined-0.28%) for the week ending May 17 after gaining for three straight weeks, while the SPDR S&P 500 Trust ETF (SPY) rose (+1.65%) Climb four weeks on the trot. Year-to-date, or since the beginning of the year, XLI has risen +9.95% SPY…
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Flux Power navigates market headwinds, eyes growth By Investing.com
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Flux Power Holdings (FLUX) reported a challenging third quarter for the fiscal year 2024, with revenues declining to $14.5 million from $15.1 million in the same quarter of the previous year. The company faced delays in new orders, primarily due to revised forklift delivery schedules and the broader impact of…
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Dodger superstar’s confidant pleaded guilty to stealing $17 million from the power hitter to cover debts
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A translator for Los Angeles Dodgers star Shohei Ohtani has agreed to plead guilty to criminal charges after secretly transferring about $17 million from the player’s account to pay off gambling debts. The US Justice Department said on Wednesday that Ibei Mizuhara incurred the debt through an illegal betting operation,…
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Why Plug Power Stock Is Soaring Today
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After recovering from a disappointing start to the week, stopper power (NASDAQ: Delivery) The stock is rising today. With the company’s announcement of a potential new partner, investors became excited to buy shares of the fuel cell company. As of 1:52 PM ET, Plug Power shares were up 8.8%, down…