Jonathan Winer, the co-founder and co-CEO of SIP, said that the first three data centers designed using Verrus’ architecture will be located in Arizona, California and Massachusetts.
(Alongside the new business, SIP is also launching the Data Center Flexibility Initiative to bring stakeholders like energy companies, tech giants and regulators together in the meantime.)
Observing the strain that data centers in particular have on the electrical grid, SIP turned its attention to those data centers themselves.
Simply building more data centers, whether run by third-party data center operators or by the hyperscalers themselves, will not keep up with demand.
As SIP sees it, simply adding more data centers — which has been the approach up to now — is not a sustainable approach longer term.
The largest funding rounds raised by startups are becoming rarer and rarer.
The venture deceleration, and its late-stage glaciation, are not stopping the companies that want to reinvent energy from raising huge rounds.
Powering upNine-figure rounds are often called “megarounds” due to their massive heft.
Inside energy’s power surgeIn 2023, China dominated energy megarounds, with most of the money going to makers of solar panels and battery materials.
Fast forward to this year, and the picture in energy megarounds looks dramatically different.
Will we reach AGI before Stripe goes public?
This is our Friday episode, when we dig back through the most critical stories and themes from the week.
Here’s what Mary Ann and Alex got into:Stripe’s valuation recovers: As part of a tender offer, Stripe is now worth $65 billion.
As part of a tender offer, Stripe is now worth $65 billion.
AI and the law: Microsoft’s move to invest in French AI company Mistral is not a bad way to spread its bets.
Hot on the heels of the successful completion of its grid-connected geothermal power plant in Nevada, Fervo Energy is raising $221 million per SEC documents, TechCrunch has exclusively learned.
Previous geothermal plants have only scratched the surface by accessing hot springs or shallower rock formations.
Fervo uses directional drilling techniques pioneered by the oil and gas industry to extend its wells far beyond their surface footprints.
Once those wells are drilled, Fervo then strings them with fiber optic cables connected to a range of sensors.
Previous investors include BHP Ventures, Breakthrough Energy Ventures, Congruent Ventures, DCVC, and Prelude Ventures.
In the latest development, three-year-old Hohm Energy, which connects homeowners and businesses with accredited solar installers, product suppliers, and embedded solar finance in South Africa, has raised $8 million in seed investment.
The funding, whose first tranche of $4.25 million came in Q4 2022, is the largest seed round for a tech startup in South Africa, according to Hohm Energy.
Hohm Energy says its solution was built as an alternative and sustainable energy source for over 7 million addressable households connected to South Africa’s national grid.
Hohm Energy would then generate a final engineering proposal and present it to its banking partners for financing approval.
“We are thrilled to announce our inaugural investment in Hohm Energy.
The electric field approach minimizes the movement of electrons at the chip level, reducing energy usage — and heat.
TOPS/W is a bit of a vague metric, but the takeaway is that memcapacitors can lead to dramatic energy consumption reductions while training AI models.
Now, it’s early days for Semron, which Kirschen says is in the “pre-product” stage and has “negligible” revenue to show for it.
EnCharge, like Semron, is designing computer chips that use capacitors rather than transistors, but using a different substrate architecture.
Semron will be a key element in solving this problem by providing a revolutionary new chip that is inherently specialized on computing AI models.
What went wrong at Cruise, a pivot at Vroom and a home for Tesla’s Dojo supercomputerTechCrunch Mobility is a weekly newsletter dedicated to all things transportation Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox.
Autonomous vehicle and EV startups — even those that have since gone public — are trying to cut costs in hopes of extending their capital runway.
Now, a few little birds are telling us that Canoo and Faraday Future — both EV startups that went public via mergers with special purpose acquisition companies — are either reducing salaries or furloughing employees.
So what went wrong at Cruise?
Cruise also revealed that the Department of Justice and the Securities and Exchange Commission have also opened investigations into the company.
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report.
It was a bad year for Tesla solar — its worst since 2020.
In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022.
Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise).
The scale of Tesla’s residential solar business isn’t what it once was.
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report.
It was a bad year for Tesla solar — its worst since 2020.
In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022.
Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise).
The scale of Tesla’s residential solar business isn’t what it once was.
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report.
It was a bad year for Tesla solar — its worst since 2020.
In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022.
Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise).
The scale of Tesla’s residential solar business isn’t what it once was.
