Google parent Alphabet buys Intersect Power, a data center and energy firm, for $4.75B:
There's growing interest among regulators, tech companies and some power providers in co-locating big data centers and new power sources.

"Electrification isn’t just a climate solution. It’s a platform shift. It redefines what’s possible in mobility, in infrastructure, and in economic development.
...It’s no longer about what’s coming. It’s about how fast it’s arriving, and whether we can build quickly enough to meet it."

Fears of a slowdown abound in America, with high interest rates and tariff chaos weighing on most of the economy. But they are doing little to reduce the breakneck pace at which firms are building the infrastructure needed for artificial intelligence

Federal administration reopens $5B in NEVI funds to install reliable charging along major highways, particularly in underserved parts of the country

Clean energy policy change highlights from OBBB, courtesy of CTVC

Next-gen nuclear power company TerraPower announced $650 million in new funding.

"Microgrids could also help meet ballooning power demand from homes, businesses, factories, and especially data centers chasing the AI boom that make up a massive share of future load growth forecasts"

United Airlines is investing in direct air capture startup Heirloom and secured rights to purchase 500,000 tons of CO2 for sequestration or use in making cleaner jet fuel.

Happy Valentine's Day from the top of NYC's SUMMIT One Vanderbilt!