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Emerald AI Secures 50M Series A at .05B Valuation for Grid-Responsive Data Center Software
Emerald AI has raised $150 million in a Series A funding round co-led by Energize Capital and DCVC, valuing the energy technology startup at $1.05 billion. The round drew substantial participation from strategic and corporate venture arms across the semiconductor, utility, and industrial sectors, including NVIDIA, Samsung Ventures, Siemens, GE Vernova, Aramco Ventures, Salesforce Ventures, RWE, JERA Ventures, and In-Q-Tel. Additional participants include Radical Ventures, Energy Impact Partners
August 25, 20261 min
Lancium and NVIDIA Partner on Gigawatt-Scale AI Factories Across 15GW Pipeline
Texas energy infrastructure provider Lancium has entered a strategic partnership with NVIDIA to deploy NVIDIA's full AI factory technology stack across Lancium's multi-gigawatt clean energy data center portfolio. As part of the transaction, NVIDIA has taken a direct equity stake in Lancium, which is backed by funds managed by Blackstone Energy Transition Partners and Blackstone Multi-Asset Investing. The partnership combines Lancium's 4 gigawatts of operational and leased capacity and a pipelin
August 24, 20261 min
Ireland Reconsiders 1999 Nuclear Ban as Data Centers Consume 25% of Grid Power
Irish lawmakers are moving to reconsider the country's statutory ban on nuclear energy as rapidly expanding data centers push national electricity demand to record levels. Data centers in Ireland now consume approximately 21% to 25% of the state's metered electricity, surpassing the combined consumption of all urban households. Grid operators project that share could rise to 30% or more by 2032, driven by hyperscale cloud expansions and artificial intelligence infrastructure. The mounting strai
August 24, 20261 min
Texas Governor Greg Abbott Says AI Data Centers 'Dug Their Own Grave' Amid Community Backlash
Texas Governor Greg Abbott issued a sharp critique of artificial intelligence infrastructure developers on Sunday, stating that data center operators have "dug their own grave" by moving into municipalities without securing local community support or complying with state transparency mandates. Speaking on ABC's This Week, Abbott addressed growing public pushback across Texas over utility grid strain, localized electricity rate increases, and heavy water consumption from cooling facilities. The
August 23, 20261 min
TVA Board Approves Dedicated Data Center Rate Class to Shield Households from AI Compute Costs
The Board of Directors of the Tennessee Valley Authority (TVA) voted on August 20, 2026, to establish a dedicated wholesale rate class for large data centers. The tariff restructuring is designed to insulate residential consumers and small commercial businesses from the escalating capital expenditures required to expand the power grid for artificial intelligence workloads. Approved during the board's quarterly meeting in Memphis, Tennessee, the package introduces targeted tariffs for facilities
August 20, 20261 min
TerraPower Targets AI Data Centers with Natrium SMR and Molten Salt Thermal Storage
Nuclear technology developer TerraPower announced plans to finalize its first dedicated data center power project this year, positioning its Natrium sodium-cooled fast reactor architecture to meet the volatile power demands of artificial intelligence infrastructure. The project, slated to break ground in 2027, marks the company's second commercial deployment following its initial facility currently under construction in Kemmerer, Wyoming. In January, Meta signed an agreement with TerraPower to
August 19, 20261 min
Nvidia Acts as Matchmaker for Nordic Datacenter Capacity to Ease AI Compute Bottlenecks
Nvidia is directly brokering compute infrastructure deals by connecting enterprise customers holding graphics processing units with datacenter operators in the Nordic region that possess available power, cooling, and floor capacity, according to reporting by CNBC. The matchmaking initiative reflects Nvidia's efforts to mitigate severe power grid bottlenecks in North America and Western Europe that threaten to stall AI cluster deployments. By pairing hardware buyers directly with site operators
August 19, 20261 min
Nvidia and Amazon channel billions into AI power infrastructure
Nvidia and Amazon are putting serious money into the power generation needed to keep AI data centers running, with two separate deals announced this week that underscore how energy has become a bottleneck for the industry. Nvidia is investing up to $3 billion in Lancium, the power infrastructure developer behind the OpenAI and Oracle data center in Texas, according to The Information. A roughly $2 billion stake would give Nvidia about 20 percent of the company, which is valued at around $10 bil
August 9, 20261 min