Utilities
OpenAI, Oracle to Help UAE Develop Massive Data Center
OpenAI plans to help develop a massive new data center in the United Arab Emirates that may eventually be one of the largest in the world, a major bet on the Middle East and a significant expansion of the company’s global AI infrastructure ambitions.
Vistra to acquire natural gas assets for $1.9 billion amid soaring power demands
US power company Vistra announced yesterday it will purchase seven natural gas generation facilities from Lotus Infrastructure Partners for $1.9 billion, as it moves to meet growing electricity demands across America.
Macquarie Nears Deal With Southern Water’s Riskiest Creditors
Southern Water’s owner Macquarie and holders of the UK utility’s riskiest debt are close to a deal that would give creditors a minority stake in the water company.
