renewables

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Electrical utility megamerger is all about the data centers

A proposed merger of the largest utility in the country by market value, NextEra Energy, with the sixth-largest, Dominion, would create a megacompany at a time when data centers and rapid increases in electricity demand are reshaping the industry. The proposal, announced Monday morning and contingent on state and federal regulatory approval, would result in

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Energy Tech Startup Cloover Secures $1.2 Bn to Build AI Operating Systems for Europe

Germany-based energy tech startup Cloover has raised $22 million in Series A equity financing and secured a $1.2 billion debt facility, bringing total capital commitments to $1.222 billion. The equity round was led by MMC Ventures and QED Investors, with additional backing from Lowercarbon Capital and others. The debt facility, provided by a major European

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