Global electricity demand is on track to surge nearly 30% by 2035, driven by electrification, data center expansion, and heating/cooling needs, according to Rystad Energy
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On the earnings call, CEO Andy Jassy said, “Trainium2 continues to see strong adoption, is fully subscribed, is now a multibillion-dollar business that grew 150% quarter-over-quarter.”
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Hedge funds have turned bearish on oil stocks while easing short positions in solar, marking a reversal of energy strategies that have dominated since 2021.
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U.S. electricity demand is projected to hit all-time highs in both 2025 and 2026, according to the U.S. Energy Information Administration's short-term energy outlook.
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LA Wildfires Damage Now Estimated at $250B-$275B, Surpassing Hurricane Katrina Losses
Video : youtube.com/shorts/BD2x0...
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As of Friday morning, the AccuWeather forecasting service estimated total damages from the LA wildfires at $135 billion to $150 billion, nearly 4% of California's annual GDP
Video: youtube.com/shorts/17Kzu...
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Accuweather Inc. initially estimated total damages and economic losses at $52 billion to $57 billion, Bloomberg reported.
Video: youtube.com/shorts/r8r4S...
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