Latest news with #gasTurbines
WIRED
02-07-2025
- Business
- WIRED
Despite Protests, Elon Musk Secures Air Permit for xAI
Jul 2, 2025 7:41 PM xAI's gas turbines get official approval from Memphis, Tennessee, even as civil rights groups prepare to sue over alleged Clean Air Act violations. Photograph:A local health department in Memphis has granted Elon Musk's xAI data center an air permit to continue operating the gas turbines that power the company's Grok chatbot. The permit comes amid widespread community opposition and a looming lawsuit alleging the company violated the Clean Air Act. The Shelby County Health Department released its air permit for the xAI project Wednesday, after receiving hundreds of public comments. The news was first reported by the Daily Memphian. In June, the Memphis Chamber of Commerce announced that xAI had chosen a site in Memphis to build its new supercomputer. The company's website boasts that it was able to build the supercomputer, Colossus, in just 122 days. That speed was due in part to the mobile gas turbines the company quickly began installing at the campus, the site of a former manufacturing facility. Colossus allowed xAI to quickly catch up to rivals OpenAI, Google, and Anthropic in building cutting-edge artificial intelligence. It was built using 100,000 Nvidia H100 GPUs, making it likely the world's largest supercomputer. xAI's Memphis campus is located in a predominantly Black community known as Boxtown which has been historically burdened with industrial projects that cause pollution. Gas turbines like the ones xAI is using in Memphis can be a significant source of harmful emissions, like nitrogen oxides, which create smog. Memphis already has some of the highest child asthma rates in Tennessee. Since xAI began running its turbines, residents have repeatedly met and rallied against the project. 'My neighbors and I are forced to breathe the pollution this company pumps into our air every day. We smell it. We inhale it. This isn't just an environmental issue — it's a public health emergency,' wrote State Rep. Justin Pearson, who grew up near Boxtown, in an MSNBC op-ed last week. Under the Clean Air Act, 'major' sources of emissions—like a cluster of gas turbines—need a permit, known as a Prevention of Significant Deterioration (PSD) permit. However, Shelby County Health Department officials told local reporters in August that this wasn't necessary for xAI since its turbines weren't designed to be permanent. Amid mounting local opposition, xAI finally applied for a permit with the Shelby County Health Department in January, months after it first began running the turbines. Last month, the NAACP and the Southern Environmental Law Center (SELC) announced that they intended to sue xAI for violating the Clean Air Act. 'xAI's decision to install and operate dozens of polluting gas turbines without any permits or public oversight is a clear violation of the Clean Air Act,' said senior SELC attorney Patrick Anderson in a press release. 'Over the last year, these turbines have pumped out pollution that threatens the health of Memphis families. This notice paves the way for a lawsuit that can hold xAI accountable for its unlawful refusal to get permits for its gas turbines.' The new permit from the health department allows the company to operate 15 turbines on the site until 2027. In June, Memphis mayor Paul Young wrote an op-ed in the Tennessee Commercial Appeal that noted xAI was currently operating 21 turbines. SELC says that aerial footage it took in April, however, showed as many as 35 turbines operating at the site. xAI did not immediately respond to WIRED's request for comment, including questions about how many turbines it is currently operating at the facility. Shelby County did not immediately respond to a request for comment. In May, Sharon Wilson, a certified optical gas imaging thermographer, traveled to Memphis to film emissions from the site with a special optical gas imaging camera that records usually-invisible emissions. Wilson tracks leaks from facilities in the Permian Basin, one of the world's most prolific oil and gas-producing regions, in Texas. She alleged to WIRED that what she saw in Memphis was one of the densest clouds of emissions she'd ever seen. 'I expected to see the typical power plant type of pollution that I see,' she says. 'What I saw was way worse than what I expected.' This is a developing story. Please check back for updates .
Globe and Mail
12-06-2025
- Business
- Globe and Mail
Is AI-driven Power Demand Aiding GE Vernova's Gas Power Business?
The growth of artificial intelligence (AI) and cloud computing has been significantly increasing electricity consumption of late, especially in hyperscale data centers worldwide. Surging electricity consumption is driving the need for a reliable and constant power supply, resulting in growing demand for power-generation equipment like those manufactured by GE Vernova Inc. GEV. To this end, GEV's gas power business is witnessing notable traction in recent times, particularly in terms of growing gas turbine orders, which play a critical role in the energy transition industry. The company signed 7 gigawatts (GW) of gas turbine orders, raising its Gas Power equipment backlog to a solid 29 GW, with its gas turbine order registering an 11.8% year-over-year growth in first-quarter 2025. As the company continues to collaborate with major corporations through the supply of its advanced turbine technology and other power equipment, in a bid to meet the massive energy needs of the expanding digital economy, its Gas Power unit will continue to grow. Notably, this unit recorded year-over-year revenue growth of 17.7% in the first quarter of 2025. In April 2025, GE Vernova signed an agreement with utility provider, Duke Energy DUK, to provide up to 11 of its 7HA gas turbines and other associated equipment to support the latter's electricity generation facilities. This order came in addition to the eight turbines of GEV that Duke Energy had previously acquired. In the same month, GEV entered into a partnership with energy giant Chevron Corp. CVX. Per the terms of the agreement, GEV will supply seven 7HA gas turbines that will help Chevron deliver 4 GW of power by 2027. CVX stands early in the queue to receive some of the largest gas turbines that GE Vernova manufactures, with the deliveries scheduled to start in 2026. Looking ahead, with global electricity demand projected to double by 2050, as predicted by the International Energy Agency in 2024, GE Vernova's Gas Power stands to benefit from the combined impact of tech-driven electricity consumption trends and strategic partnerships like those mentioned above. The Zacks Rundown for GEV Shares of GE Vernova surged a solid 46.9% year to date, outperforming the industry 's 15.5% gain. From a valuation standpoint, GEV is currently trading at a trailing 12-month price-to-earnings (P/E) multiple of 52.69X, a roughly 148.5% premium when stacked up with the industry average of 21.20X. The Zacks Consensus Estimate for GEV's 2025 and 2026 sales suggests a year-over-year improvement of 6.4% and 10%, respectively. The bottom-line estimate for 2025 and 2026 has moved north over the past 60 days. GEV currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report Duke Energy Corporation (DUK): Free Stock Analysis Report GE Vernova Inc. (GEV): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Yahoo
29-05-2025
- Business
- Yahoo
Baker Hughes to Supply NovaLT™ Gas Turbines for Frontier Infrastructure's U.S. Data Center Project, Delivering 270 MW of Reliable Power
Baker Hughes will supply 16 NovaLT™ gas turbines for data center projects in the U.S. Award builds on the collaboration announced in March 2025 between Baker Hughes and Frontier HOUSTON and LONDON, May 29, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday an award from Frontier Infrastructure Holdings ('Frontier'), a Tailwater Capital LLC portfolio company, for 16 NovaLT™ gas turbines to power its data center projects in Wyoming and Texas, delivering up to 270 megawatts (MW) of efficient, reliable power. As part of the award, Baker Hughes is supplying Frontier its NovaLT™ gas turbine technology and associated equipment, including gears and Brush Power Generation four-pole generators, to power dedicated energy islands at Frontier's behind-the-meter (BTM) power generation sites. The order builds on a March 2025 agreement between the two companies to accelerate large-scale carbon capture and storage ('CCS') and power solutions in the U.S., including the Sweetwater Carbon Storage Hub in Wyoming. "This award underscores our commitment to advancing sustainable energy development through reliable and efficient power solutions that cater to the diverse needs of the industry,' said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. 'Leveraging our comprehensive range of integrated power solutions for Frontier's U.S. data center projects demonstrates innovative, scalable and lower-carbon technologies helping to meet the growing demand for power." The NovaLT™ gas turbine is a multi-fuel solution that can start-up and run on different fuels, including natural gas, various blends of natural gas and hydrogen, and 100% hydrogen, providing customers with the flexibility to adapt and meet their specific reliable and sustainable power requirements. With a comprehensive portfolio of diverse, reliable and clean power solutions, including hydrogen-ready turbines, geothermal, and cogeneration, Baker Hughes provides market-ready, efficient and flexible solutions for data center hyperscalers, project developers, packagers and end users. About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at For more information, please contact: Media RelationsChiara Toniato+39 Investor RelationsChase Mulvehill +1 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
28-05-2025
- Business
- Zawya
Four firms including Qatar's UCC to expand Syrian power grid
The Syrian government is set to sign deal on Thursday with four companies to expand its electrical grid by 5,000 megawatts through the development of gas turbines and solar plants, according to a company media invitation. The agreement launching the Syria Power Revival Initiative will be signed at the Syrian presidential palace on Thursday. The deal will involve Qatar's UCC Concession Investments as the lead developer, along with Kalyon GES Enerji Yatirimlari, Cengiz Enerji and Power International USA, according to the UCC Holding media invitation. (Reporting by Andrew Mills; Writing by Tala Ramadan; Editing by Jan Harvey)
Bloomberg
08-05-2025
- Business
- Bloomberg
Siemens Energy Projects Limited Impact From Import Tariffs
Siemens Energy AG shrugged off the US tariff chaos that's hit other German manufacturers, saying that the effect of import duties on its bottom line will be small. Tariffs' impact on profit is expected to be as much as a high double-digit million euro amount for the second half of the fiscal year, the maker of gas turbines and grid equipment said Thursday.
