Latest news with #data centers
Reuters
11-06-2025
- Business
- Reuters
Talen Energy and Amazon sign nuclear power deal to fuel data centers
June 11 (Reuters) - U.S. utility Talen Energy (TLN.O), opens new tab announced on Wednesday an expanded nuclear energy partnership with (AMZN.O), opens new tab to supply up to 1,920 megawatts of electricity from its Susquehanna plant in Pennsylvania to Amazon Web Services (AWS) data centers. The long-term deal, lasting until 2042, ensures Talen a steady, long-term revenue stream while supporting Amazon's growing demand for carbon-free energy to power its AI and cloud operations. Both companies will also explore building new Small Modular Reactors within Talen's Pennsylvania footprint and pursue expanding the nuclear plant's energy output. U.S. electricity demand has risen for the first time in two decades, driven by the rapid growth of data centers and artificial intelligence, prompting Big Tech companies to scramble for reliable energy sources. Earlier in the month, Constellation Energy (CEG.O), opens new tab struck an agreement with Meta Platforms (META.O), opens new tab to keep one of the reactors in Illinois operating for 20 years. Talen Energy shares rose nearly 8% in the premarket trading. "We are making the largest private sector investment in state history – $20 billion– to bring 1,250 high-skilled jobs and economic benefits to the state, while also collaborating with Talen Energy to help power our infrastructure with carbon-free energy," Kevin Miller, AWS vice president of global data centers, said.
CNA
11-06-2025
- Business
- CNA
Talen Energy and Amazon sign nuclear power deal to fuel data centers
U.S. utility Talen Energy announced on Wednesday an expanded nuclear energy partnership with to supply up to 1,920 megawatts of electricity from its Susquehanna plant in Pennsylvania to Amazon Web Services (AWS) data centers. WHY IT'S IMPORTANT The long-term deal, lasting until 2042, ensures Talen a steady, long-term revenue stream while supporting Amazon's growing demand for carbon-free energy to power its AI and cloud operations. Both companies will also explore building new Small Modular Reactors within Talen's Pennsylvania footprint and pursue expanding the nuclear plant's energy output. CONTEXT U.S. electricity demand has risen for the first time in two decades, driven by the rapid growth of data centers and artificial intelligence, prompting Big Tech companies to scramble for reliable energy sources. Earlier in the month, Constellation Energy struck an agreement with Meta Platforms to keep one of the reactors in Illinois operating for 20 years. MARKET REACTION Talen Energy shares rose nearly 8 per cent in the premarket trading. KEY QUOTES "We are making the largest private sector investment in state history – $20 billion– to bring 1,250 high-skilled jobs and economic benefits to the state, while also collaborating with Talen Energy to help power our infrastructure with carbon-free energy," Kevin Miller, AWS vice president of global data centers, said.
Fast Company
04-06-2025
- Business
- Fast Company
Amazon to invest $10 billion for data center and AI campus in North Carolina
Amazon plans to invest $10 billion toward building a campus in North Carolina to expand its cloud computing and artificial intelligence infrastructure, bringing a massive shot in the arm to a region where many textile and apparel jobs dried up a generation ago. Amazon said Wednesday that its investment in rural Richmond County should create at least 500 jobs and support thousands more through construction and data center supply chain providers, according to statements from the company and Gov. Josh Stein's office. Stein called the investment one of the largest in state history. Data centers are already familiar to North Carolina's landscape, including those operated by Apple. This project could transform Richmond County, which is on the South Carolina border and has a population of about 42,000. The Richmond County site is expected to employ engineers, network and security specialists and other technical roles, the company said. Amazon said it would provide support for universities, community colleges and other workforce training programs to help people enter data center and broadband expansion fields. 'This investment will position North Carolina as a hub for cutting-edge technology, create hundreds of high-skilled jobs, and drive significant economic growth,' Amazon chief global affairs and legal officer David Zapolsky said. 'We look forward to partnering with state and local leaders, local suppliers, and educational institutions to nurture the next generation of talent.' Richmond County commissioners approved an incentives package for Amazon on Tuesday. The company could receive annual cash grants for 20 years equal to portions of the real estate property tax and the property tax for vehicles and equipment at each data center contingent on job creation and monetary investment thresholds, The Richmond Observer reported. 'This project will truly transform our community in ways that we cannot imagine,' Richmond County Manager Bryan Land said at Tuesday's commissioners meeting. 'With the announcement comes large-scale upgrades to our water system, Rockingham's wastewater system and our fiber optic infrastructure throughout our county — all of which will come at a cost to our Richmond County taxpayers of zero.' Stein's office, which called the project an 'innovation campus,' said the data centers will contain servers, storage drives, networking equipment and other technology. 'Artificial intelligence is changing the way we work and innovate, and I am pleased that North Carolina will stay at the forefront of all that's ahead as we continue to attract top technology companies like Amazon,' Stein said. The governor attended a public announcement about the investment on Wednesday at an investment in Hamlet. The company said it has invested $12 billon in North Carolina since 2010 and supports 24,000 full- and part-time jobs.
The Independent
04-06-2025
- Business
- The Independent
Amazon planning $10B investment in North Carolina for data center and AI campus
Amazon plans to invest $10 billion toward building a campus in North Carolina to expand its cloud computing and artificial intelligence infrastructure, bringing a massive shot in the arm to a region where many textile and apparel jobs dried up a generation ago. Amazon said Wednesday that its investment in rural Richmond County should create at least 500 jobs and support thousands more through construction and data center supply chain providers, according to statements from the company and Gov. Josh Stein's office. Stein called the investment one of the largest in state history. Data centers are already familiar to North Carolina's landscape, including those operated by Apple. This project could transform Richmond County, which is on the South Carolina border and has a population of about 42,000. The Richmond County site is expected to employ engineers, network and security specialists and other technical roles, the company said. Amazon said it would provide support for universities, community colleges and other workforce training programs to help people enter data center and broadband expansion fields. 'This investment will position North Carolina as a hub for cutting-edge technology, create hundreds of high-skilled jobs, and drive significant economic growth,' Amazon chief global affairs and legal officer David Zapolsky said. 'We look forward to partnering with state and local leaders, local suppliers, and educational institutions to nurture the next generation of talent.' Richmond County commissioners approved an incentives package for Amazon on Tuesday. The company could receive annual cash grants for 20 years equal to portions of the real estate property tax and the property tax for vehicles and equipment at each data center contingent on job creation and monetary investment thresholds, The Richmond Observer reported. 'This project will truly transform our community in ways that we cannot imagine,' Richmond County Manager Bryan Land said at Tuesday's commissioners meeting. 'With the announcement comes large-scale upgrades to our water system, Rockingham's wastewater system and our fiber optic infrastructure throughout our county — all of which will come at a cost to our Richmond County taxpayers of zero.' Stein's office, which called the project an 'innovation campus,' said the data centers will contain servers, storage drives, networking equipment and other technology. 'Artificial intelligence is changing the way we work and innovate, and I am pleased that North Carolina will stay at the forefront of all that's ahead as we continue to attract top technology companies like Amazon,' Stein said. The governor attended a public announcement about the investment on Wednesday at an investment in Hamlet. The company said it has invested $12 billon in North Carolina since 2010 and supports 24,000 full- and part-time jobs.
Associated Press
04-06-2025
- Business
- Associated Press
Amazon planning $10B investment in North Carolina for data center and AI campus
HAMLET, N.C. (AP) — Amazon plans to invest $10 billion toward building a campus in North Carolina to expand its cloud computing and artificial intelligence infrastructure, bringing a massive shot in the arm to a region where many textile and apparel jobs dried up a generation ago. Amazon said Wednesday that its investment in rural Richmond County should create at least 500 jobs and support thousands more through construction and data center supply chain providers, according to statements from the company and Gov. Josh Stein's office. Stein called the investment one of the largest in state history. Data centers are already familiar to North Carolina's landscape, including those operated by Apple. This project could transform Richmond County, which is on the South Carolina border and has a population of about 42,000. The Richmond County site is expected to employ engineers, network and security specialists and other technical roles, the company said. Amazon said it would provide support for universities, community colleges and other workforce training programs to help people enter data center and broadband expansion fields. 'This investment will position North Carolina as a hub for cutting-edge technology, create hundreds of high-skilled jobs, and drive significant economic growth,' Amazon chief global affairs and legal officer David Zapolsky said. 'We look forward to partnering with state and local leaders, local suppliers, and educational institutions to nurture the next generation of talent.' Richmond County commissioners approved an incentives package for Amazon on Tuesday. The company could receive annual cash grants for 20 years equal to portions of the real estate property tax and the property tax for vehicles and equipment at each data center contingent on job creation and monetary investment thresholds, The Richmond Observer reported. 'This project will truly transform our community in ways that we cannot imagine,' Richmond County Manager Bryan Land said at Tuesday's commissioners meeting. 'With the announcement comes large-scale upgrades to our water system, Rockingham's wastewater system and our fiber optic infrastructure throughout our county — all of which will come at a cost to our Richmond County taxpayers of zero.' Stein's office, which called the project an 'innovation campus,' said the data centers will contain servers, storage drives, networking equipment and other technology. 'Artificial intelligence is changing the way we work and innovate, and I am pleased that North Carolina will stay at the forefront of all that's ahead as we continue to attract top technology companies like Amazon,' Stein said. The governor attended a public announcement about the investment on Wednesday at an investment in Hamlet. The company said it has invested $12 billon in North Carolina since 2010 and supports 24,000 full- and part-time jobs.
