A truck picking up a container at the Norfolk International Terminals at the Port of Virginia. NIT is the largest terminal at the port with more than 90 semi-automated stacking cranes. Lori Ann LaRocco | CNBC The Port of Virginia is on track to become the functionally widest and deepest port on the U.S. East … Read more
A chimney from the Linden Cogeneration Plant is seen in Linden New Jersey April 22, 2022. Kena Betancur | View Press | Corbis News | Getty Images Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle … Read more
Artificial intelligence is a power-hungry business. The AI servers Nvidia shipped just last year are estimated to have consumed roughly the same amount of electricity as 20 million U.S. homes, according to Bank of America. Today, data centers use between 1% and 2% of the electricity produced worldwide, according to BofA analyst Andrew Obin. However, … Read more
