AI-driven Energy Demand
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SLB and Ormat Partner to Accelerate Integrated Geothermal Asset Development and Enhanced Geothermal Systems
Globenewswire· 2025-10-27 13:00
RENO, Nev. and HOUSTON, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Leading geothermal and renewable energy company Ormat Technologies (NYSE: ORA), and Global energy technology company SLB (NYSE: SLB) today announced an agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). EGS is the next generation of geothermal technology, meant to unlock geothermal energy in regions beyond where conventional geothermal resources exist. Together, ...
What's Behind The 20% Jump In AES Stock?
Forbes· 2025-07-11 10:20
Group 1 - AES Corp. experienced a significant stock price increase of nearly 20% in one session due to discussions of a potential acquisition [2][3] - Reports indicate that AES is considering strategic alternatives, including a possible sale, with major players like Blackstone, Brookfield, and BlackRock's infrastructure division speculated to be involved [3] - AES plays a crucial role in the clean energy transition, supplying renewable energy to major tech companies such as Microsoft, Amazon, and Meta, which enhances the perceived value of its assets amid rising energy demand from AI data centers and cloud computing [4] Group 2 - The combination of merger speculation and increasing energy demand driven by AI has generated investor enthusiasm for AES [5] - Despite facing challenges like reduced subsidies for renewable initiatives due to changing U.S. policies, the long-term demand narrative for AES remains strong [4]