Lithium and Battery Technology Sector Rebounds 17% on Supply Disruption Expectations
The lithium and battery technology sector has experienced a significant recovery, with the Global X Lithium & Battery Technology ETF gaining 17% since June. Supply disruptions at major Chinese operations are reshaping market dynamics and pricing expectations.
Small Modular Reactor Developer Secures $100 Million for Data Center Nuclear Power Solutions
Austin-based Aalo Atomics completed a $100 million Series B funding round to develop mass-manufactured nuclear reactors designed specifically for data center applications. The company's modular approach targets the growing energy demands of AI infrastructure with factory-built reactors capable of powering individual data centers.
Caterpillar Partners with Redwood Materials for Mining Battery Recycling Breakthrough
Industrial equipment manufacturer Caterpillar has formed a strategic partnership with battery recycling specialist Redwood Materials to recover critical minerals from electric mining equipment batteries. The collaboration creates a circular supply chain where mining operations both extract and recycle lithium-ion battery materials.
Chilean Copper Mine Disaster Highlights Critical Supply Chain Vulnerabilities
El Teniente mine collapse results in fatalities and production halt at world's largest copper deposit. The incident underscores supply risks for the critical energy transition metal.
Artificial Intelligence Technologies Transform Energy Grid Operations and Data Center Efficiency
AI-powered platforms are revolutionizing energy management by optimizing renewable distribution and grid balance. Multiple companies are deploying machine learning solutions to address efficiency challenges in the rapidly growing intersection of data centers and clean energy systems.
Tech Industry Power Demands Challenge Grid Capacity as AI Development Accelerates
Former Google CEO Eric Schmidt identifies electricity supply as the primary constraint on artificial intelligence advancement, not semiconductor availability. The United States requires an additional 92 gigawatts of power capacity to support AI infrastructure development.
General Motors Repurposes EV Batteries for Grid-Scale Energy Storage Applications
GM collaborates with Redwood Materials to transform retired electric vehicle batteries into power storage systems for AI data centers. The initiative supports America's largest second-life battery installation in Nevada.
Caterpillar's Energy and Transportation Segment Outpaces Construction, Driven by Data Center Demand
Caterpillar's growth is now led by powering data centers, with the energy and transportation segment outperforming construction for the first time.
Tesla and Ford Accelerate EV Sales Ahead of Tax Credit Expiration
Tesla and Ford are pushing to sell more electric vehicles before the $7,500 tax credit ends in September due to new legislation.