Meta signs deals to source more solar, wind power for data centers
Renewable energy developer Invenergy and social media giant Meta Platforms have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, the companies said on Thursday.
This is the latest in a string of deals by Meta to meet the surging power demand of its data centers needed for artificial intelligence technologies using clean energy.
Last year, Meta had signed four contracts with the Chicago-based Invenergy for 760 MW of solar electricity. Invenergy said Thursday's deals bring the companies' total partnership to 1,800 MW.
Meta has previously announced deals with several large solar projects, a geothermal startup, and is also seeking proposals from nuclear power developers.
The electricity from Invenergy's solar and wind projects in Ohio, Arkansas and Texas will be delivered to the local grid, while Meta will receive the clean energy credits associated with the new generation capacity coming online, the energy company said.
The companies did not disclose the financial details of the deals.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
40 minutes ago
- The Hindu
Kalyani family dispute: Sister Sugandha Hiremath accuses younger brother Gaurishankar of transferring family assets
In a fresh development concerning the Kalyani family property dispute, Mumbai-based Sugandha Hiremath has alleged that her brothers have been 'clandestinely' transferring family assets. In her recent affidavit filed before the court, she has detailed two instances of her younger brother Gaurishankar Kalyani 'usurping' family assets in Karad. A message to sent to Mr. Kalyani's family seeking a response remained unanswered. Ms. Hiremsth has detailed how her younger brother used his goodwill with their father Dr. Neelkanth Kalyani into obtaining a Power of Attorney (POA) to manage his assets in Karad. The POA was meant only for managing the properties located in prime localities of Karad. However, while executing the document, the same was amended to grant power of 'gifting and transferring.' Moreover, name of a Gaurishankar group company's employee was also included in the POA in 2008. Using the document, two large properties were then transferred to Mr. Kalyani. Ms. Hiremath's affidavit details that as soon as Dr. Neelkanth Kalyani found out about the 'fraud' in 2009, he revoked the POA and also moved court. According to Ms. Hiremath, the two properties were 'illegally and wrongfully' transferred exclusively to Mr. Kalyani on the basis of a Power of Attorney which was 'dishonestly and fraudulently' obtained from Dr. Neelkanth Kalyani. To back her claim, she has attached a statement filed by Prakash Honrao, the employee of Gaurishankar's group company, in Karad court. In his statement, Mr. Honrao admitted in court that he was forced to accept the POA in his name and subsequently to transfer the properties using the document. This, according to him, was done under coercion from Mr. Kalyani's wife Ms. Rohini. He stated that since he was an employment of Mr. Kalyani and Ms. Rohini, he had no choice. The cases relating to the two properties filed by Dr. Neelkanth Kalyani are still pending in Karad court. 'On the one hand, my brothers deny the existence of the joint family nucleus as well the status of the properties of the Kalyani Family HUF, and in the same breath, both my brothers — Baba and Gaurishankar — are continuing to clandestinely transfer HUF properties to themselves by resorting to all sorts of nefarious means, and without maintaining any record of such transfers,' Ms. Hiremath said in her affidavit. She had filed a case earlier this year seeking her share in family wealth. She had sought injunction restraining her brothers from alienating any of the family assets which include several properties across the country and shares of about 250 companies. She has also sought that the court orders her brothers to reveal details of all the family properties. With fresh evidence, she has now asked the court to consider her plea to restrain her brothers Mr. Kalyani and Mr. Baba Kalyani from alienating any assets, including promoter shares of multiple Kalyani group companies, till the partition suit is decided. According to a statement issued on behalf of Baba Kalyani, 'Despite filing a barrage of cases, Sugandha Hiremath has failed to secure a single order in her favour from the courts evidencing the falsehood of her claims.' 'Sugandha Hiremath has therefore resorted to trial by media. The allegations against Mr. Baba Kalyani are baseless and malicious and are categorically denied,' the statement added.
Business Standard
an hour ago
- Business Standard
Shriram Life Insurance Partners with Muthoot Mercantile to Expand Insurance Distribution Network
NewsVoir Thiruvananthapuram (Kerala) [India], June 28: Shriram Life Insurance Company Limited (SLIC) is proud to announce a strategic partnership with Muthoot Mercantile Ltd. (MML), a Kerala-based Non-Banking Financial Company (NBFC) renowned for its gold loan services. Through this collaboration, MML will distribute Shriram Life's comprehensive insurance products across its extensive branch network, enhancing accessibility to life insurance solutions for customers nationwide. This alliance marks a significant step in SLIC's mission to broaden insurance outreach, leveraging MML's strong presence and customer base. Established in Kozhencherry, Kerala in 1949, MML became an RBI-registered NBFC in 2002. Today, it operates 307 branches across India, with 85 branches concentrated in Kerala and others located in Odisha, Maharashtra, Delhi, and Tamil Nadu. Serving over 1.3 million customers and acquiring an average of 5,764 new clients monthly, MML primarily caters to the middle and upper-middle class segments. "We are thrilled to partner with Muthoot Mercantile," said R. Radhakrishnan, President of Shriram Life. "This collaboration allows us to deliver reliable insurance solutions to a wider audience. In Kerala, we aim to support the growing focus on financial well-being while expanding our footprint in regions where insurance awareness is gaining momentum." He added, "MML's deep-rooted presence and loyal customer base make it an ideal partner. Together, we can strengthen our distribution network and make meaningful strides in bridging the protection gap." The partnership is designed to bring personal protection solutions to Kerala and other regions where MML maintains a strong customer connection. "This initiative is designed to extend insurance solutions to a wide segment of the Muthoot Mercantile customer base. It also empowers us to deliver a diverse portfolio of high-quality life insurance products to our valued clients," said Richi Mathew, Managing Director of Muthoot Mercantile. "With Shriram Life's trusted legacy and proven expertise in serving diverse customer segments, this partnership brings meaningful protection to more families across India." Shriram Life Insurance is committed to serving India's underserved families needing financial protection. With a network of 478 branches across the country, the company offers a range of affordable products including term, endowment, ULIPs, and annuities--tailored for rural and urban middle-class customers. SLIC maintains an average individual policy size of Rs. 25,346 and a non-single premium ticket size of Rs. 24,112, significantly below the industry average. With 14.4 lakh in-force policyholders and Rs. 13,207 crore in Assets Under Management (AUM), the company drives financial inclusion by serving households earning Rs. 4-15 lakh annually, despite challenges in this segment.
Mint
an hour ago
- Mint
On US ‘vague' social media visa rule, Indian students anxious: ‘Even memes feel risky now'
A 24-year-old from Delhi, recently admitted to Harvard University, now starts his day by checking his Instagram account. 'Every few hours, I think of how an old post may be problematic, and then delete it,' he says. 'Even memes feel risky now.' He is among several Indian students who shared their growing concerns with The Indian Express over a new US rule that asks all F, M, and J visa applicants to make their social media profiles public. The advisory, issued in the name of 'national security and public safety,' asks applicants to adjust their privacy settings so that US consular officers can review their accounts. In previous years, only publicly visible content was checked. The US now treats every visa application as a 'national security decision.' Applicants must provide usernames or handles for all social media platforms used in the last five years. The US Embassy in India warned on Thursday that failure to share this information 'could lead to visa denial and ineligibility for future visas.' 'I gave my interview earlier in June, and I'm still waiting for my visa,' a Delhi-based student was quoted as saying by Indian Express. 'The guideline is very vague. It says 'anything that violates American values.' We don't even know what that is supposed to mean.' The lack of clarity has left many students stressed, as they are unsure what kind of posts may raise red flags. A 23-year-old from Mumbai, also admitted to Harvard, said he made all his accounts public on 22 May — the day he submitted his DS-160 visa application form. 'Since then, I've archived everything even remotely political. I've stopped liking posts too, just in case even that is visible,' he says. Career counselling firms say they've had to adjust quickly to guide students in managing their digital presence. 'The recent US government directive is a significant development — but one that serious academically-oriented applicants can certainly navigate successfully,' Aman Singh, co-founder of GradRight, Gurgaon told Indian Express. 'Our core guidance now focuses on helping students understand and actively manage their digital footprint. It's about being mindful and authentic.' According to Singh, while the number of Indian students going to the US has dropped by 20–25% in the past 6–8 months, loan approvals for students admitted to top universities through GradRight have increased by 60%. 'The appeal of US universities remains strong. For strong, high-intent students, the process is still working,' he adds. Still, students say the uncertainty is stressful. Many are second-guessing posts that once seemed completely harmless.
