Chevron spokesperson Paula Beasley told WIRED in an email that all tax incentives under consideration for the Energy Forge project "apply solely to the power generation facility" to "support new energy infrastructure, and do not extend to any future data center facilities that may be served." Beasley also said that there is currently "no definitive agreement" with Microsoft for this power plant.
Mah Sing, No. 422 on Fortune's Southeast Asia 500 list, had a blockbuster 2025, reporting decade-high real estate sales of 2.51 billion ringgit ($633 million); the conglomerate also lifted its 2026 revenue guidance to 2.76 billion ringgit ($696.3 million). It also earned 260.1 million ringgit ($66 million) in profit last year, up from 240.8 million ringgit the year before.
Durham's Unified Development Ordinance doesn't currently define "data center" or "cryptocurrency mining" as specific land uses-meaning the city has no formal framework to evaluate, restrict, or condition those projects. The ordinance spells out why that gap matters: these facilities consume extraordinary amounts of electricity, land, and water. The city also cited noise levels that can cause chronic sleep disturbances, diesel generator emissions, heat islands, and pressure on utility infrastructure.
Nvidia now has a pre-funded warrant to purchase 3 million shares in Corning and the option to purchase 15 million more, as part of the agreement to build fiber-optic cables for AI data centers.
Jigar Shah claims the industry 'can't build more than 50 gigawatts of data centers between now and 2030', while announced commitments are 'creating havoc at the level of 500 gigawatts across the country.'
The cost to build a new combined cycle gas turbine (CCGT) power plant has risen from less than $1,500 per kilowatt of generating capacity in 2023 to $2,157 last year, according to a new report from BloombergNEF.
