Artificial Intelligence (AI) Archives

PG&E launches $73B California grid plan to feed starving AI

September 29, 2025

(Oil Price) – Pacific Gas and Electric has unveiled a $73-billion spending program through 2030 to overhaul California’s grid as electricity demand from artificial intelligence and cloud infrastructure explodes, Reuters reported on Monday. The utility said the plan will support as much as 10 gigawatts of new load from data centers slated for development in its service territory over the next decade. Brent

Exclusive: ROAM AI at EnerCom Denver – The Energy Investment Conference 2025

September 16, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. ROAM AI was founded by a team of Energy professionals who walked away from corporate America to solve a problem they knew all too well. After decades of working inside

U.S. power consumption set to hit record highs in 2025 and 2026

September 10, 2025

(Oil Price) – U.S. electricity consumption is set to hit record-high levels this year and next, as demand from data centers and industrial customers soars, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO). America’s power use will hit 4,187 billion kilowatt-hours (kWh) in 2025 and then rise to 4,305 billion kWh in 2026, the monthly report showed.

How artificial intelligence is both driving and derailing decarbonization

August 25, 2025

(Oil Price) – Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack up a serious

Charting the projected US power capacity mix through 2035: Maguire

August 21, 2025

(BOE Report)– U.S. power generation capacity is evolving at the fastest pace in decades, as utilities scramble to ensure that supplies keep up with rapidly growing electricity demand from data centers, AI applications, businesses, homes and electric vehicles. To help frame expectations on what power sources will likely be in play over the coming years, the U.S. Energy Information Administration

Data centers turn to nuclear for AI energy demands

August 14, 2025

(Oil Price)– Major data center operator Equinix (EQIX.O) has announced a series of agreements to secure advanced nuclear electricity, including power purchase agreements and a pre-order for microreactors, to fuel its data centers. The move comes as the growing energy demands of data centers, driven by technologies like generative artificial intelligence (AI), raise concerns about global power supplies. According to a

Energy Transition Meets Emerging Tech on August 20th at EnerCom’s 30th Anniversary Energy Investment Conference

August 1, 2025

Oil & Gas 360 – Landmark 30th Anniversary EnerCom Denver – The Energy Investment Conference Announces Energy Transition and Emerging Technology Session Schedule Qualified Investors and Analysts Can Register at No Cost at www.enercomdenver.com  DENVER – July 31, 2025 – EnerCom, Inc., a leading energy consulting and strategic communications firm, announces the lineup of presenting companies for its Energy Transition and Emerging

AI boom will drive U.S. energy expansion, says interior secretary Burgum

July 31, 2025

(Oil Price)– Low oil prices may be squeezing U.S. shale producers, but Interior Secretary Doug Burgum isn’t worried. In a new interview with The National’s Hadley Gamble, Burgum predicted that skyrocketing demand from the tech sector—particularly AI data centers—will be the next great engine of growth for the American energy industry. “The tech guys are becoming the biggest customers in the

AI demand drives largest U.S. electricity auction price to record high

July 23, 2025

(Oil Price)– Demand for electricity from data centers handling AI technology drove the price of the largest electricity auction in the United States to a new record, exceeding last year’s all-time high by 22%. Organized by PJM Interconnection, the capacity auction covers 20% of American consumers and aims to ensure that there is enough generation to respond to spikes in

Google signs a record $3-billion hydropower deal to power AI

July 15, 2025

(Oil Price)– Google has signed a $3-billion agreement to source electricity for data centers from Brookfield Asset Management’s hydropower facilities, in the world’s largest corporate clean power deal for hydroelectricity, the asset manager said on Tuesday. The first contracts executed under the agreement to deliver up to 3 gigawatts (GW) of carbon-free hydroelectric capacity across the United States are for Brookfield’s

U.S. power utilities seek price hikes on AI demand

July 10, 2025

(Oil Price)– Power utilities in the United States have applied for permission to raise electricity prices, with a demand surge from AI data centers suggested as the reason, the Financial Times reported today, citing data from PowerLines, an energy affordability advocacy. In the first half of this year, U.S. power utilities applied for price hikes of a total $29 billion, the

New Era Helium Advances Hyperscaler Discussions and Prepares for Board Expansion to Accelerate AI Infrastructure Strategy in the Permian Basin

June 12, 2025

(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. New Era Helium, Inc. (Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., is in active discussions with certain large enterprise customers to anchor its planned AI infrastructure buildout

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