Google Buys Intersect Power for $4.75B to Fuel AI Data Centers
Alphabet/Google acquires clean energy developer Intersect Power for $4.75 billion to secure power supply for expanding AI data centers amid surging electricity demand.
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#Energy & Utilities↓
Trump Administration Halts 5 Major East Coast Offshore Wind Projects
Trump administration pauses construction of 5 offshore wind farms citing national security concerns. Dominion Energy shares drop 4% as Coastal Virginia project halted.
GE Vernova Upgraded to Buy as Jefferies Sees Stronger Outlook
Jefferies upgrades GE Vernova to Buy, raises price target to $815, citing strong gas turbine pricing and long-term power services growth.
Trump Media Merges with Google-Backed Fusion Energy Firm in $6B Deal
Trump Media & Technology Group announces major merger with TAE Technologies to build America's first utility-scale fusion power plant by 2026.
Data Centers Drive Electricity Prices to Record Highs in 13-State Region
PJM's electricity auction hits record $333.44/MW-day as data center demand outpaces supply, threatening higher bills for 65 million consumers across 13 states.
Shell Decides Against Buying BP Amid Strategic Concerns
Shell leadership rejected an internal plan to buy BP in 2025, choosing shareholder returns over a complex mega-merger despite BP’s earlier struggles.