A cooling tower at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, US, on Tuesday, May 9, 2023. Lauren Petracca | Bloomberg | Getty Images Tech companies are increasingly looking to directly connect data centers to nuclear plants as they race to secure clean energy to power artificial intelligence, sparking resistance from … Read more
The United States’ effort to reverse the permanent shutdown of a nuclear station for the first time hit a potential snag this week when an ex-employee at the facility went public with safety concerns about reopening the 53-year-old power plant. Now the company that owns the Palisades Nuclear Generating Station on Michigan’s southwest coast is … Read more
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors. The selloff in bitcoin and ether began earlier this week and wiped out $367 billion in … Read more
A contractor carries a SunRun solar panel on the roof of a home in San Jose, California, U.S., on Monday, Feb. 7, 2022. David Paul Morris | Bloomberg | Getty Images Sunrun stock jumped nearly 14% on Wednesday as the rooftop solar installer sees an opportunity to snag market share after competitor SunPower filed for … Read more
In the suburbs of northeast Paris there is a giant terracotta-colored warehouse, with a labyrinth of windowless corridors inside. A deafening whir emanates from behind rows and rows of anonymous gray doors and under white strip lights, disposable earbuds are available to protect passers-by from the noise. These are the uncanny innards of one of … Read more
In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders. Since its return to the stock market that month, the share price is up 140% as the company aggressively goes after building a business in artificial intelligence. On Tuesday, the mining firm announced an expanded deal worth $6.7 billion with CoreWeave, an Nvidia-backed startup that’s one … Read more
Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023. David Paul Morris | Bloomberg | Getty Images The rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its reporting practices. SunPower … Read more
Omar Marques | Lightrocket | Getty Images Bitcoin and ether are gaining back ground after falling to their lowest level in six months on Monday in the first major test of the recently launched crypto exchange-traded funds. As of early Monday, roughly $370 billion dollars had been wiped off the market cap of all digital … Read more
Nurphoto | Nurphoto | Getty Images The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by about $270 billion, according to CoinGecko data. … Read more
The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | AP The Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The reactor in Covert, Michigan, about 70 miles of southwest of … Read more
