Latest news with #dataCentre
Zawya
2 days ago
- Business
- Zawya
Abu Dhabi's data centre industry power investments to exceed $10.08bln: TAQA CEO
ABU DHABI – Abu Dhabi National Energy Company (TAQA) is poised to significantly bolster Abu Dhabi's burgeoning data and artificial intelligence hub, with its CEO and Managing Director announcing that total investments to support the power needs of the data centre industry in the emirate will exceed AED37 billion. This announcement aligns with TAQA's broader strategy to provide clean, certified, and reliable energy for critical infrastructure. Speaking to the Emirates News Agency (WAM) on the sidelines of the World Utilities Congress 2025, Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director (GCEO & MD) highlighted the company's robust growth and strategic acquisitions. With a market capitalisation estimated at approximately AED360 billion, TAQA stands among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination, operating across 25 countries. Over the past four years, TAQA has impressively doubled its electricity production capacity to 56 gigawatts, surpassing the total electricity consumption of the United Kingdom. Recent strategic moves include the acquisition of an 875-megawatt gas-powered electricity station in Uzbekistan, in partnership with Mubadala, supporting Uzbekistan's energy transition and opening new Central Asian markets. Additionally, TAQA's acquisition of "Transmission Investment", a leading UK-based energy and utility investment platform. Further enhancing its clean energy portfolio, TAQA is currently constructing a 1-gigawatt gas turbine power station. In collaboration with Masdar, where TAQA holds a major stake, the company is also developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage. This integrated solar and battery system, designed to deliver a continuous supply of 1 gigawatt for 24 hours, will be the largest project of its kind globally. TAQA aims to invest AED75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts, he said. As part of this growth strategy, the company also plans to develop water desalination plants with a combined capacity of 1.3 billion gallons per day, with two-thirds utilising highly efficient reverse osmosis technology.
BBC News
2 days ago
- Business
- BBC News
Planned Elsham Wolds data centre could create up to 1,000 jobs
Up to 1,000 jobs could be created by a new artificial intelligence data centre in North Lincolnshire.A planning application has been submitted for the "AI data centre campus" by the A15 next to Elsham Wolds Industrial would cover up to 435 acres (176 hectares) of agricultural to the Local Democracy Reporting Service (LDRS), construction costs are estimated as between £5.5bn and £9bn, excluding the cost of the computing equipment. The outline application suggests it could comprise up to 15 individual data centre buildings as well as a greenhouse complex and energy centre, the LDRS estimated 2,600 to 3,600 jobs a year on and off site would be supported during the ten-year construction of the facility, according to the LDRS.A proposed energy centre on site would produce up to 49.9MW of electricity a year. Next to it would be a greenhouse complex, using waste heat from the cooling of the data centre buildings to grow agricultural economic report for the greenhouse predicts it could grow 4,728 tonnes of tomatoes a year supporting an estimated 64 jobs on and off would also be a creche, café, gym and small shop which would be available to workers at the existing industrial year, North Lincolnshire Council approved plans for a £2.2bn data centre by the A180 near South Killingholme, which it said would create almost 400 application for the Elsham Wolds development is open for residents' comments until 26 to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
News.com.au
3 days ago
- Business
- News.com.au
Lunch Wrap: ASX up as Trump tariffs tossed by court, Nvidia fuels data centre rally
ASX data centre stocks surge after Nvidia's earnings Trump tariffs blocked by court Oil jumps on tariff call The ASX spent most of Thursday morning stuck in neutral gear, despite a roaring start from US futures. The ASX 200 swung back and forth before settling higher by midday, up by 0.2%. Overnight on Wall Street, the vibe was very different. Nvidia fired up the after-hours circuit, jumping over 5% thanks to a blockbuster earnings print: a 69% surge in Q1 sales as it ramps up production of its next-gen Blackwell chips. CEO Jensen Huang turned up the volume too, talking up exponential AI demand, fresh investment flowing in from the Middle East, and a thaw in US-China trade tensions. That was more than enough to jolt Nasdaq futures 1.7% higher this morning. Market sentiment also turned positive after Federal judges in Oregon ruled Trump's sweeping global tariffs were illegally imposed. Turns out you can't just call a trade deficit a national emergency and start slapping on levies. The judges rejected it outright and Trump is now appealing the decision. But for now, markets are breathing a sigh of relief. Oil prices got a boost from the ruling. WTI immediately climbed past US$62 a barrel, Brent crude also cruised above US$65. That mix of bullish tech and tariff relief also spilled over to ASX data centre stocks this morning. Megaport (ASX:MP1) and DigiCo Infrastructure REIT (ASX:DGT) climbed 2%, and NextDC (ASX:NXT) followed suit, up 1%. In large cap news, Champion Iron (ASX:CIA) flexed its muscle, rising 2.1% after posting a 44% jump in quarterly earnings. The EBITDA print of C$127.4m was 50% higher YoY and backed a 10 Canadian cents per share semi-annual dividend. Woodside Energy Group (ASX:WDS) kept climbing, up another 3% after the Albanese government signed off on extending the life of its North West Shelf gas project to 2070. Two strong sessions in a row for the energy giant. On the downside, Elders (ASX:ELD) slipped 1% after the ACCC flagged its $475 million play for Delta Agribusiness could crimp competition in rural supply chains. And ... Resolute Mining (ASX:RSG) got smacked 2% after it said it was chasing clarification from the Guinean government amid reports that some of its permits might be in jeopardy. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for May 29 : Security Description Last % Volume MktCap EDE Eden Inv Ltd 0.003 150% 80,138,982 $4,109,881 TM1 Terra Metals Limited 0.037 42% 8,643,506 $10,793,512 IVX Invion Ltd 0.115 35% 963,243 $7,201,936 MTB Mount Burgess Mining 0.004 33% 1,000,000 $1,055,108 OB1 Orbminco Limited 0.002 33% 5,000,000 $3,596,352 TEM Tempest Minerals 0.004 33% 228,000 $2,203,590 RMI Resource Mining Corp 0.030 30% 6,006,280 $15,304,332 EDU EDU Holdings Limited 0.260 30% 1,017,540 $30,110,682 TMG Trigg Minerals Ltd 0.088 28% 41,222,053 $63,747,023 RCL Readcloud 0.140 27% 112,860 $16,898,174 ENL Enlitic Inc. 0.030 25% 268,231 $17,313,813 BP8 Bph Global Ltd 0.003 25% 336,421 $2,101,969 RDS Redstone Resources 0.005 25% 2,118,012 $3,701,514 ROG Red Sky Energy. 0.005 25% 6,167,424 $21,688,909 COB Cobalt Blue Ltd 0.068 23% 2,240,911 $24,688,556 VPRDB Voltgroupltd 0.120 20% 15,266 $16,074,312 EM2 Eagle Mountain 0.006 20% 19,843 $5,675,186 TEG Triangle Energy Ltd 0.003 20% 2,465,660 $5,223,085 AKN Auking Mining Ltd 0.007 17% 2,370,782 $3,448,673 AX8 Accelerate Resources 0.007 17% 1,559,649 $4,783,132 LSR Lodestar Minerals 0.007 17% 357,142 $1,910,543 TMS Tennant Minerals Ltd 0.007 17% 200,000 $5,735,342 PLC Premier1 Lithium Ltd 0.011 16% 228,638 $3,496,576 RPG Raptis Group Limited 0.030 15% 250,000 $4,558,903 PTR Petratherm Ltd 0.310 15% 1,339,332 $93,315,988 Eden Innovations (ASX:EDE) has captured momentum with its EdenCrete Pz7 concrete additive, a product that makes standard concrete mixes stronger. Over the past three months, sales topped US$567k. In April and May alone, sales were 86% higher than the same quarter last year. Holcim US also ordered US$91k worth of Pz7 for a 22-storey high-rise in Denver, Eden's first major commercial project. Invion (ASX:IVX) just got the thumbs-up from the safety committee after treating the first six patients in its skin cancer trial. There are early signs the drug is shrinking tumours after one dose. INV043 also makes cancer cells glow under violet light, hinting it could double as a diagnostic tool. Invion is now gearing up for a second study with Peter Mac, combining the treatment with immunotherapy. Trigg Minerals (ASX:TMG) has kicked off its first exploration campaign at Antimony Canyon in Utah, a site with a rich mining history but no modern exploration. The team is targeting old antimony mines and scouting spots for a potential smelter as part of its push to become a US-based supplier of critical minerals. Trigg said it's in talks with US agencies about federal funding. Almond grower Select Harvests (ASX:SHV) is back in profit territory, swinging from a $2.4 million loss to a $28.7 million net profit in the half. Earnings more than tripled to $60.7 million. Debt came down, cash flow turned positive, and the company reckons demand's still strong. No interim dividend this time, but the crop's clearly ripening. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for May 29 : Code Name Price % Change Volume Market Cap MOM Moab Minerals Ltd 0.001 -33% 500,000 $2,600,499 RLL Rapid Lithium Ltd 0.002 -33% 147,966 $3,734,834 CTQ Careteq Limited 0.009 -31% 1,344,453 $3,082,543 GMN Gold Mountain Ltd 0.002 -25% 239,339 $10,267,776 MGU Magnum Mining & Exp 0.007 -22% 100,000 $10,094,858 NPM Newpeak Metals 0.011 -21% 317,020 $4,509,004 TGH Terragen 0.024 -20% 415,001 $15,150,515 AAU Antilles Gold Ltd 0.004 -20% 177,945 $10,631,838 AQX Alice Queen Ltd 0.004 -20% 12,800,280 $5,734,450 BYH Bryah Resources Ltd 0.004 -20% 598,062 $4,349,768 CR9 Corellares 0.002 -20% 1,500 $2,514,016 ERA Energy Resources 0.002 -20% 1,273,540 $1,013,490,602 JAV Javelin Minerals Ltd 0.002 -20% 97,024,174 $15,115,373 PRX Prodigy Gold NL 0.002 -20% 13,334 $7,937,639 SHP South Harz Potash 0.004 -20% 41,501 $5,513,644 OLL Openlearning 0.015 -17% 99,553 $8,688,144 EPM Eclipse Metals 0.005 -17% 1,100,000 $17,194,914 GLL Galilee Energy Ltd 0.005 -17% 7,500 $4,243,157 LU7 Lithium Universe Ltd 0.005 -17% 302,360 $4,715,878 NES Nelson Resources. 0.003 -17% 80,000 $6,515,783 OVT Ovanti Limited 0.003 -17% 1,956,528 $8,380,545 RC1 Redcastle Resources 0.005 -17% 2,856,728 $4,461,401 CDE Codeifai Limited 0.006 -14% 262,000 $2,282,222 EMT Emetals Limited 0.003 -14% 1,849,999 $2,975,000 FGH Foresta Group 0.006 -14% 6,741,238 $18,570,345 IN CASE YOU MISSED IT An independent study comparing Altech Batteries (ASX:ATC) CERENERGY technology to alternatives including lithium-ion, sodium-sulphur and vanadium flow batteries has revealed several areas of superior performance. The sodium chloride solid state batteries developed by ATC offer comparative energy efficiencies to lithium-ion batteries, exceeding the other two chemistries, and matches or exceeds its rivals in overall lifetime, cycle life, safety, temperature range, and discharge duration. At Stockhead, we tell it like it is. While Altech Batteries is a Stockhead advertiser, it did not sponsor this article.
Reuters
4 days ago
- Business
- Reuters
Singapore's CapitaLand Ascendas REIT to buy two properties for $543.6 million
May 28 (Reuters) - Singapore's CapitaLand Ascendas REIT ( opens new tab said on Wednesday it will acquire a data centre and a premium business park property in the city-state for a combined S$700.2 million ($543.63 million). The REIT said the acquisitions will increase the value of its Singapore portfolio by 6% to approximately S$11.7 billion. Both properties are fully leased to "reputable tenants", the company added, guaranteeing stable and predictable income streams. The data centre is being acquired at a 2.2% discount to its average independent market valuation as of May 15, while the business park asset is being bought at a 7% discount to its assessed value. Investor appetite for data centre assets has surged in recent years, driven by the exponential growth in digital services, cloud computing and AI-related infrastructure needs, which promise long-term rental stability and strong yield potential. With this deal, CapitaLand Ascendas REIT's total property count will rise to 232, including 98 assets in Singapore. ($1 = 1.2880 Singapore dollars)
CTV News
4 days ago
- Business
- CTV News
Wiikwemkoong welcomes data centre to advance digital sovereignty
Wiikwemkoong Unceded Territory is celebrating the installation of a new data centre at the First Nation's administration building. Wiikwemkoong Unceded Territory is celebrating the installation of a new data centre at the First Nation's administration building. Ogimaa Tim Ominika said the idea was first presented a few years ago as a way for the First Nation to have ownership of and access to its digital infrastructure. 'It was something that was brought forth by our administration team … why can't we look at our own data sovereignty?" Ominika said. Wikidata2 Wiikwemkoong Unceded Territory is celebrating the installation of a new data centre at the First Nation's administration building. (Supplied) 'Why are we relying on other outsourced vendors to, you know, have control over all of the information stored within our First Nation community?' He said it was something he quickly supported and he's excited to see the project come to fruition. 'From my understanding and talking to our administration staff, this is the first of its kind in any First Nation community, either provincially or nationally,' Ominika said. 'Wiikwemkoong Unceded Territory -- our quote is proud, progressive and prosperous. So, you know, when we're looking at taking that new innovative approach, it is a very unique step.' A data centre is a secure facility designed to house servers and computing systems. It's responsible for storing, managing and accessing digital information. 'Currently we store we store all data in our Microsoft data storage centre in Toronto,' said Michael McCormick, Wiikwemkoong's chief technology officer. Wikidata3 A data centre is a secure facility designed to house servers and computing systems. It's responsible for storing, managing and accessing digital information. (Supplied) 'But it was important for us to be able to bring that data back to our territory. So it can be a vehicle that we can use to … repatriate our data.' Beyond safeguarding data, the hope is the new centre will create jobs. 'We're hoping that … this will kind of invigorate our youth to kind of join the IT ranks," McCormick said. 'We're hoping that, you know, as community members pass by and have a look … it might stimulate youth to get involved in the sector.' While the centre is on the First Nation, he said that the data is still being moved to Wiikwemkoong from the former facility. McCormick said that from here on out, all videos, language, apps and even traditions will be kept here for future generations.
