Funding & Business
Solar notches another win as Microsoft adds 475 MW to power its AI data centers
Microsoft is adding another 475 megawatts to its already considerable renewable-powered portfolio to feed the growing energy appetite of its data centers. The company recently signed a deal with energy provider AES for three solar projects across the Midwest, one each in Illinois, Michigan, and Missouri.
The ramp up reflects the immediacy of Microsoft’s needs. When it comes to powering data centers, it’s hard to argue with solar. Quick to install, inexpensive, and modular, it’s a perfect fit for tech companies that need electricity now.
Microsoft has been tapping solar with some regularity. In February, it contracted 389 megawatts from three solar projects across Illinois and Texas. And late last year, the company announced it was anchoring a $9 billion renewable power coalition that’s organized by Acadia. The Redmond-based company’s own renewable portfolio already includes over 34 GW of capacity.
While tech companies have shown increasing interest in nuclear power in recent months, the cost and speed advantages of renewables have kept solar deals flowing.
Though renewable power on its own doesn’t have the same consistency as nuclear or natural gas, developers are increasingly pairing it with battery storage to provide around-the-clock electricity.
The combination is more expensive than solar or wind on its own, but given the rapid declines in cost for both solar and batteries, so-called hybrid power plants are beginning to encroach on prices for a new natural gas generating capacity.
So far, new nuclear prices have remained significantly higher than either renewables or natural gas power plants.
For tech companies and data center developers, time is of the essence. Demand for new computing power has risen at such a rate that up to half of all new AI servers could be underpowered by 2027. Most new natural gas and nuclear power plants aren’t scheduled to come online until several years after that.
But renewables can start supplying power quickly, with utility-scale solar projects starting to produce electrons in about 18 months.
That speed has proven attractive, leading to some massive deals: Microsoft, for example, signed a deal with Brookfield Asset Management last summer for 10.5 gigawatts of renewable capacity in the U.S. and Europe, all of which will be delivered by 2030.
Funding & Business
US Warns of Blackout Risk From Killing Coal as Trump Snubs Renewables
Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report that blames the expected energy shortfall on the closures of coal and natural gas power plants and overreliance on renewable energy.
Source link
Funding & Business
Trump’s One Big Reverse Stimulus
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Source link
Funding & Business
Brazil Coffee Growers Plant More Trees in Bid to Boost Output
Brazil, which already ships three in every 10 bags of coffee traded globally, is planting more trees in a bid to ramp up output.
Source link
-
Funding & Business7 days ago
Kayak and Expedia race to build AI travel agents that turn social posts into itineraries
-
Jobs & Careers6 days ago
Mumbai-based Perplexity Alternative Has 60k+ Users Without Funding
-
Mergers & Acquisitions6 days ago
Donald Trump suggests US government review subsidies to Elon Musk’s companies
-
Funding & Business6 days ago
Rethinking Venture Capital’s Talent Pipeline
-
Jobs & Careers6 days ago
Why Agentic AI Isn’t Pure Hype (And What Skeptics Aren’t Seeing Yet)
-
Funding & Business4 days ago
Sakana AI’s TreeQuest: Deploy multi-model teams that outperform individual LLMs by 30%
-
Jobs & Careers6 days ago
Astrophel Aerospace Raises ₹6.84 Crore to Build Reusable Launch Vehicle
-
Funding & Business7 days ago
From chatbots to collaborators: How AI agents are reshaping enterprise work
-
Tools & Platforms6 days ago
Winning with AI – A Playbook for Pest Control Business Leaders to Drive Growth
-
Jobs & Careers6 days ago
Telangana Launches TGDeX—India’s First State‑Led AI Public Infrastructure