Latest news with #CrusoeEnergy
Yahoo
31-07-2025
- Business
- Yahoo
Rumors Dispelled: No layoffs at Abilene AI center, how to apply for open jobs
ABILENE, Texas () – Project leaders at a large Artificial Intelligence center in Abilene are putting social media rumors to rest, saying they are no layoffs at the facility and they are currently trying to fill numerous job positions. A representative with Crusoe Energy told KTAB and KRBC, 'we can confirm that there have been no layoffs at our Abilene data center construction site, nor among our primary contractors. In fact, we are actively hiring for numerous positions as we continue to build this cornerstone of AI innovation in Abilene.' Taylor County estimated to see $18 million/year windfall from Lancium AI project This representative says that their major contractors at the data center on Spinks Road in northwest Abilene are now hiring for the following key positions: DPR Construction () Assistant Superintendent CDL Class B Driver Electricial Project Engineer Project Engineer Project Engineer – Doors, Frames, Hardware Project Engineer – Concrete Project Manager – Drywall Safety Professional Senior Project Engineer Warehouse Associate Superintendent Project Manager Electrical Estimator Electrical Project Manager Structural Project Engineer Rosendin () Project Manager QA/QC Engineer Quality Inspector Safety Specialist (Bilingual) Senior Project Manager Southland () Project Accountant General Foreman – Plumbing/Piping General Foreman – Sheet Metal Journeyman HVAC Technician Superintendent Mechanical – Plumbing/Piping Scheduler (MEP Focus, Primavera P6 Expert) Project Manager 2 – Mechanical DCOA highlights Abilene's role in Trump's historic $500 billion AI infrastructure project Crusoe Energy and Lancium are overseeing the data center, named Project Stargate. It's set to be the flagship campus in a nationwide AI infrastructure project spearheaded by the Trump administration. Project Stargate is projected to sustain hundreds of jobs while the site is under construction. There is currently no timeline estimated for the completion of the project. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Bloomberg
27-06-2025
- Business
- Bloomberg
Crusoe, Redwood Partner on Data Center Powered by Used Batteries
Redwood Materials launched what it says is the largest deployment of reused batteries globally on Thursday. They're powering a data center operated by Crusoe Energy, a member of OpenAI's Project Stargate. Demand for clean, reliable power is increasing, spurred by the rise of data centers powering artificial intelligence. Grid-scale batteries are key to fulfilling this demand and supporting intermittent renewables.
Calgary Herald
14-06-2025
- Business
- Calgary Herald
Opinion: Don't panic: AESO data centre limits are a red herring
The Alberta Electric System Operator's new 1,200-megawatt cap on large electricity loads understandably has some people warning that Alberta might 'miss the AI economy.' That anxiety rests on an old assumption: that tomorrow's AI infrastructure will sit in ever-bigger, grid-tied campuses. Article content It did — five years ago. But today, the industry is running the other way and taking its money with it. Article content Article content Article content In March, Microsoft walked away from roughly two thousand megawatts of data-centre leases in the United States and Europe, telling analysts it now has 'oversupply' and needs a nimbler footprint. Yet, the company will still spend about US$80 billion on capacity this year — just not in hyperscale blocks wired to public grids, and certainly not at the end of long interconnection processes. Article content Article content Where is that money going? Increasingly to private, self-powered sites. Crusoe Energy, for instance, is building the first 200-megawatt phase of an off-grid watt-bit infrastructure campus near Abilene, Texas, to host OpenAI's 'Stargate' facility, fuelled by local natural gas rather than powered by the Texas grid. Such projects now exceed 10 thousand megawatts in global pipelines, and include some suppliers with roots here in Calgary's energy sector and capital market. Article content Article content The logic of it is simple. Cutting-edge AI chips can cost about $20 million per megawatt and age out in two years — roughly 100 times the capital intensity of a gas turbine that lasts decades. However, unlike a gas turbine, which might earn $50 to $75 per megawatt-hour in traditional power markets, a chipset like an NVIDIA H100 can turn that same megawatt-hour into nearly $4,000 — more than 65 times the commodity value of that same energy at Alberta's wholesale price. Article content When hardware that expensive and short-lived can earn more than 65 times the value of the energy it burns, operators will do almost anything to keep it running — and the regulatory, political and queuing risks that come with a public grid look less and less tolerable. Proposals that would require data centres to operate for the benefit of power grids make no economic sense to operators who do not share a low-margin, multi-decade view of the present value of energy.
Bloomberg
03-06-2025
- Business
- Bloomberg
Ex-Tesla Executive Signs Letter of Intent with Stargate's Crusoe
A startup founded by former Tesla Inc. executive Drew Baglino has signed letters of intent to sell technology designed to address one of the artificial intelligence boom's biggest bottlenecks: aging infrastructure and a transformer shortage. Baglino, chief executive officer and founder of Heron Power Electronics Co., said his company has inked preliminary deals with Crusoe Energy Systems, a developer behind OpenAI 's Stargate site, and Intersect Power LLC, which is developing energy plants for Alphabet Inc. 's Google.
