Latest news with #MarkChediak
Bloomberg
18-06-2025
- Business
- Bloomberg
Houston's Electric Utility Is Prepared for Storms After 2024 Blackout, CEO Says
By and Mark Chediak Save Houston's electric utility is confident significant grid investments will prevent a repeat of widespread blackouts that occurred last summer following Hurricane Beryl. CenterPoint Energy Inc. is integrating artificial intelligence to predict tree growth, using light detection to spot tangled wires in the area's dense vegetation and upgrading its weather modeling to better predict storms, according to Chief Executive Officer Jason Wells said.
Bloomberg
03-06-2025
- Business
- Bloomberg
Data Centers Added $9.4 Billion in Costs on Biggest US Grid
By and Mark Chediak Save The rapid development of data centers connected to the largest US electric grid raised costs by $9.4 billion, a 180% increase, according to a report published by a market observer. The growing energy needs of data centers was the primary cause of tight supply-and-demand conditions, as well as high prices, in the PJM Interconnection capacity market, which serves customers from Illinois to Washington D.C, said the grid's independent market monitor.
Bloomberg
30-04-2025
- Business
- Bloomberg
Spain's Blackout to Trump Turmoil Lead BNEF Summit Conversations
By , Mark Chediak, Shoko Oda, and Laura Millan Save Couldn't make BloombergNEF's annual summit in New York? Don't worry, we've got you covered. Today's newsletter has five takeaways from the first day. Also, as energy experts try to piece together what caused this week's massive blackout in Spain, Portugal, and parts of France, our Madrid-based reporter looks at how critics of renewables are already taking the opportunity to point the blame at the increasing supply of solar power. For unlimited access to climate and energy news, please subscribe.
