Latest news with #energyEfficiency
Yahoo
09-07-2025
- Business
- Yahoo
Latest News In AI Chips - BluSky AI Expands with Central Utah Data Center Initiative
BluSky AI Inc. has successfully secured its first operational site in Central Utah, acquiring 9.3 megawatts of power to establish a flagship data center. This initiative is part of an agreement with Digital Asset Management, LLC, which grants BluSky AI exclusive power use rights under favorable terms, essential for sustaining long-term operations. Additionally, the company has leased 51.6 acres of land, with an option to purchase, further cementing its strategy to expand AI computing infrastructure. These developments underscore BluSky AI's mission to rapidly deploy modular AI facilities, supporting the growing demand for artificial intelligence capabilities with energy efficiency and precision. Elsewhere in the market, was trading firmly up 7.2% and finishing the session at $23.59. In the meantime, lagged, down 9.7% to end trading at CN¥20.96. Intel's AI pivot and manufacturing focus aim to capture imminent digital growth. Click to explore Intel's strategic transformation and potential investment opportunities. Don't miss our Market Insights article, "AI Enters the 'Show Me The Money' Phase," highlighting AI chip investment opportunities amidst industry shifts—get in fast! ended the day at $137.82 up 2.2%. closed at $160.00 up 1.1%, close to the 52-week high. settled at €678.90 up 1.1%. Jump into our full catalog of 56 AI Chip Stocks, which includes NXP Semiconductors, Analog Devices and Semiconductor Manufacturing International, here. Searching for a Fresh Perspective? Rare earth metals are the new gold rush. Find out which 24 stocks are leading the charge. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "BluSky AI Inc. Secures First Site with 9.3MW to Launch Flagship Data Center in Central, Utah" from BluSky AI Inc. on GlobeNewswire (published 08 July 2025) Companies discussed in this article include NasdaqGS:INTC NasdaqGS:AMD NasdaqGS:NVDA ENXTAM:ASML and SHSE:688729. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Zawya
09-07-2025
- Business
- Zawya
Egypt: Electricity, Petroleum ministers discuss plans to boost electricity supply
Arab Finance: Minister of Electricity and Renewable Energy Mahmoud Esmat and Minister of Petroleum and Mineral Resources Karim Badawi discussed the latest developments and implemented measures to meet the rising energy demands, according to a statement. The two ministers reviewed joint plans to enhance the quality of the electricity supply and ensure the stability of the unified grid throughout the day, especially during peak periods amid increased loads and high temperatures. The meeting also highlighted the electricity sector's efforts to change operating patterns, increase the return on used fuel, reduce conventional fuel consumption, improve performance and energy efficiency, and promote reliance on renewable energy. They also discussed the addition of 2,000 megawatts (MW) of renewable energy to the unified grid before this summer. Esmat noted that the current plan aims to cut fuel consumption rates to less than 65 grams of fuel equivalent per kilowatt. For his part, Badawi outlined the measures taken by the petroleum sector to meet the electricity sector's needs for gas and diesel, as well as working to provide the necessary diesel according to the needs of power plants determined by the ministry. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
09-07-2025
- Business
- Zawya
Egypt's electricity, public enterprises ministers discuss expanding renewables in energy-intensive industries
Egypt - Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with Minister of Public Enterprises Sector Mohamed El-Shimy to enhance cooperation on integrating renewable energy and implementing energy efficiency standards across Egypt's power-intensive industries. The meeting comes within the framework of Egypt's updated national energy strategy and the Ministry of Electricity's action plan, which aims to promote clean energy development, reduce reliance on conventional fuels, cut carbon emissions, and strengthen energy security—all while maximising the economic and environmental benefits of renewables. The ministers also reviewed progress on efforts to register and optimise the management of state-owned assets in line with the protocol signed between the Egyptian Electricity Holding Company and the National Asset Management and Investment Company, operating under the Ministry of Public Enterprises. A key item on the agenda was the planned solar power project to supply electricity to the aluminum complex in Nagaa Hammadi, which falls under the jurisdiction of the Ministry of Public Enterprises. The project is part of a broader push to decarbonise industrial operations. Discussions also covered the application of energy efficiency standards in several energy-intensive factories, expanding the local production of electrical equipment, and improving product quality. These measures are intended to advance Egypt's sustainable development goals, enhance industrial performance, and deepen collaboration between the two ministries in the renewable energy sector. Both ministers stressed the need to accelerate the adoption of clean energy solutions to improve operational efficiency in factories and raise energy performance. This effort supports Egypt's goal of raising the share of renewables in its electricity mix to 42% by 2030 and 65% by 2040. The meeting also addressed broader aspects of Egypt's energy transition strategy, including diversifying energy sources and optimising existing infrastructure to meet the demands of industrial growth while ensuring energy efficiency. Minister Esmat affirmed that expanding renewable energy use and implementing energy efficiency measures across all sectors remains a top priority in the ministry's current agenda. He underscored the crucial role of the private sector in executing the energy transition, particularly through bilateral agreements between private entities (Private-to-Private projects) aimed at scaling up clean energy deployment. Esmat further highlighted ongoing national efforts to localise modern technologies, including the domestic manufacture of electrical equipment and energy storage batteries. He pointed to several successful models that have already demonstrated tangible improvements in industrial energy efficiency and consumption reduction. Minister El-Shimy reiterated that improving energy efficiency is a strategic priority for the Ministry of Public Enterprises—not just as an environmental or economic imperative, but as a vital step toward enhancing the production capacity and global competitiveness of state-affiliated companies. He outlined the ministry's integrated plan to reduce operational costs and limit dependence on conventional energy by integrating renewable systems and modern technologies across affiliated factories. This aligns with Egypt's broader push toward a green economy, environmental sustainability, and improved resource management. El-Shimy also stressed the ministry's commitment to fostering strong partnerships with the private sector in renewable energy, attracting fresh investment to accelerate industrial decarbonisation and maximise the efficient use of national resources. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
The Guardian
08-07-2025
- Business
- The Guardian
Morning Mail: Marles aide ‘in relationship with lobbyist', Trump slams Putin ‘bullshit', to Russia, Pies prejudice
Morning everyone. The vexed issue of how to regulate lobbying in Canberra's corridors of power raises its head again today with our exclusive story revealing that Richard Marles's chief of staff is in a long-term relationship with a lobbyist who works for defence companies. Australia could reduce power bills by 90% through greater efficiency and Donald Trump says he is 'looking at' imposing more sanctions on Russia. Pies and prejudice | The commissioner of taxation sent an AI-generated action figurine meme depicting supporters of the Collingwood AFL football club as overweight, slovenly and with missing teeth to all 20,000 staff at the Australian Taxation Office, describing it as 'not a bad likeness'. Exclusive | The defence minister's chief of staff has disclosed and managed a long-term de facto relationship with a lobbyist who works for a small firm representing several defence clients, including a subsidiary of an Israeli government-owned weapons manufacturer. 'Distracting' debate | Senior Liberal party figures reject claims support is growing for US-style primaries for preselections and say the issue is 'distracting' from discussion on quotas. However, Berenice Walker, the NSW Liberal Women's Council president, says the idea merits further investigation. 'Death battle' | The role of energy efficiency is crucial for helping Australian get their bills down but debate has been overshadowed by the 'comic-book death battle' about whether power should come from coal or renewables', the head of the Energy Efficiency Council claims today. 'Lasting reform' | The woman in charge of eliminating racism within the Northern Territory police says the findings of an inquest into the death of Kumanjayi Walker will mark the beginning of 'lasting reform' towards 'a police force that all Territorians can trust'. Patriot game | Donald Trump has told his cabinet he is 'not happy' with Vladimir Putin for 'throwing bullshit at us' and failing to make progress on peace in Ukraine. He is also reportedly about to U-turn on sending Patriot missiles to Kyiv. Follow news live from Washington where the US president has threatened again to escalate his trade war with tariffs of up to 200% on foreign drugs and 50% on copper. Gaza doubt | Officials in Qatar have dashed hopes of a rapid end to hostilities in Gaza after announcing that progress on ceasefire talks had been slow. France fires | A fast-moving wildfire fanned by gale-force winds has forced Marseille airport to cancel all flights as firefighters around the Mediterranean battled blazes sparked by an intense heatwave. Texas toll | The death toll in the Texas floods has reached at least 107 in what some experts have warned could be harbinger of future disasters thanks to the Trump administration's gutting of federal agencies such as weather forecasting. 'Unsanitary activities' | A judge in Madrid has ordered the closure of 10 tourist flats after ruling that 'illicit and unsanitary activities' had inflicted psychological damage on a neighbouring family. What can be done to make childcare safer? After the outrage over the Melbourne childcare scandal, Kate Lyons tells Reged Ahmad what more can be done to make the sector safer for children. Sorry your browser does not support audio - but you can download here and listen $ A millisecond might not seem very long but to physicists charged with making sure that our clocks keep the right time, it's quite a big deal. So when scientists discovered the Earth was rotating slightly more quickly on certain days – including today, 22 July and 5 August – they had a problem. As Brisbane's Rocking Horse Records gears up to turn 50 this year, Andrew Stafford talks to founder Warwick Vere (pictured) about the farcical and hilarious attempts in 1989 by proto-culture war warriors to prosecute the store for selling records using the F-word such as the Dead Kennedys' Too Drunk to Fuck. Sign up to Morning Mail Our Australian morning briefing breaks down the key stories of the day, telling you what's happening and why it matters after newsletter promotion Tennis | Wimbledon's electronic line-calling malfunctioned again on a serve by Taylor Fritz when it was clearly in play, prompting booing by the genteel crowd. The American still won his match against Russia's Karen Khachanov and will play Carlos Alcaraz in the semis after the Spaniard crushed Britain's last hope, Cameron Norrie, in straight sets. The women's No 1 seed, Aryna Sabalenka, came back from a set down against the German Laura Siegemund to reach the semi-final where she will play Amanda Anisimova. Rugby league | Queensland Maroons will be inspired by the emotions around the death of the father of key man Cameron Munster as they seek to clinch the Origin title in Sydney tonight. Football | Charli Grant saved the Matildas from a second embarrassment at the hands of Panama after the defender bundled in a stoppage-time goal to lift Australia to a 3-2 victory in Perth. The Herald Sun reports residents of Korumburra hope it won't become known as the 'mushroom murder town'. The man who uncovered alleged abuse in the military tells the Sydney Morning Herald that not much has changed in the intervening 10 years. Despite the disappointment at yesterday's hold on rates, the Australian Financial Review says householders should be grateful for the cuts already delivered. Economy | RBA deputy governor Andrew Hauser speaks in Sydney at 10am. Canberra | John Grimes, chief executive of the Smart Energy Council, will address the National Press Club about renewable energy. Perth | Climate activists start a program of weekly rallies outside Woodside's headquarters. If you would like to receive this Morning Mail update to your email inbox every weekday, sign up here, or finish your day with our Afternoon Update newsletter. You can follow the latest in US politics by signing up for This Week in Trumpland. And finally, here are the Guardian's crosswords to keep you entertained throughout the day. Until tomorrow. Quick crossword Cryptic crossword
The Guardian
08-07-2025
- Business
- The Guardian
Australians could cut power bills by 90% if they made their homes more energy efficient, report finds
The debate over where Australia gets its energy from has played out like a 'comic-book death battle between coal and renewables' in recent years, according to Luke Menzel, the chief executive officer of the Energy Efficiency Council. Discussions over coal versus renewables, the role of gas and the speed of infrastructure rollout to bring renewables online had been 'important', Menzel said. 'But there's a whole other conversation we need to be having. And that's about how we are using energy.' Menzel and other energy experts say political noise has often overshadowed the role of energy efficiency in Australian homes and how to cut rising household bills. The latest of several reports to make the case for boosting energy efficiency is from the Institute for Energy Economics and Financial Analysis (IEEFA). IEEFA found Australian households could cut their power bills by more than 90% by implementing a range of energy efficiency measures. Released on Wednesday, the report calculated potential savings of between 82% and 94% if households installed solar and a home battery and used efficient appliances – such as heat pumps, air-conditioners and electric induction cooktops. The report said with federal and state government policies to incentivise home energy efficiency, a goal of halving household energy bills in a decade is achievable. 'We've seen over the last few years that energy prices and cost of living has become an emerging concern, but the debate has been around one-off rebates or debates on how to generate power,' Jay Gordon, an energy finance analyst at IEEFA, said. 'That's important, but it misses the point when you see these 80% to 90% cost reductions.' Last month, energy experts congratulated the Victorian government for a suite of measures to improve home energy efficiency, including a ban on gas heating and hot water systems in new homes from January 2027. Sign up for Guardian Australia's breaking news email The Albanese government's new $2.3bn home battery program, which officially kicked off last week, provided discounts of about 30% on batteries. Wednesday's IEEFA report projected that households could make savings of between 82% and 94% if they: Installed an 8kw rooftop solar system and a 10kwh battery Used reverse-cycle air conditioning instead of gas or electric heaters Swapped gas or old electric water heaters for heat pumps Replaced gas cooktops with electric induction The IEEFA modelling did not take into account the further gains that Gordon said can be made by improving the thermal efficiency of homes: how well they can hold heat in the winter or keep heat out in summer. More thermally efficient homes give households the option to use more daytime energy from solar to either pre-heat or pre-cool their homes ahead of the evening peak. Menzel said though technologies such as heat pumps and solar are well established, policies to encourage their take-up are a challenge. 'With electrification and efficiency you're talking about a much broader range of product types and interventions that look different in different parts of the economy,' he said. 'It's a heavier lift, but it's where we need to go.' Australian homes use about a quarter of the country's electricity, and account for more than 10% of greenhouse gas emissions. Cutting gas use in homes could also ease the supply pressures in the east coast, Menzel said. Two reports in 2023 and 2024 from the independent Climateworks Centre, based at Monash University, have made the case for a 'renovation wave' across homes in Australia, especially those built before 2003 when minimum energy efficiency rules were introduced to national building codes. Steps such as upgrading windows, adding insulation to walls, ceilings and floors, and upgrading appliances could save up to $2,200 a year on a household bill, the centre's research has claimed. Dr Gill Armstrong, the centre's buildings program manager, said: 'They're tried and tested. It's low-hanging fruit, but it's also the one area where we can move fast for households to get the benefit of lower bills. 'There's a growing awareness that homes can be improved quite quickly. It's a no-brainer for the federal government.'
