Tag: Electricity generation

BusinessEnergyTechnology

Oilfield Giants Pivot to Power Data Centers Amid AI Boom and Energy Sector Downturn

Major oilfield service companies are capitalizing on the AI revolution by repurposing their energy expertise to power data centers. This strategic pivot comes as the fracking industry faces declining activity and weak crude prices, creating new revenue streams in the rapidly expanding artificial intelligence sector.

Energy Sector’s Strategic Shift

Oilfield service companies are reportedly making a significant strategic pivot toward powering data centers as the artificial intelligence boom creates unprecedented electricity demands. According to recent reports, fracking companies including Liberty Energy and Halliburton are leveraging their energy expertise to capture a slice of the rapidly growing AI market amid challenging conditions in their traditional oil and gas operations.

by Owen Holt
EnergySustainability

China’s Thermal Power Generation Declines as Hydropower Surges in September

China’s thermal power generation dropped 5.4% in September compared to the same period last year, according to recent statistics bureau data. The decline comes as hydropower output surged nearly 32% year-on-year, marking a significant shift in the country’s energy mix. Overall electricity generation still increased by 1.5% despite the reduction in fossil fuel-based power.

Shift in China’s Energy Mix as Hydropower Rebounds

China’s fossil fuel-based power generation reportedly declined by 5.4% in September compared to the same period last year, according to recent data from the National Bureau of Statistics. The decrease in thermal power output, which primarily comes from coal with some natural gas contribution, occurred alongside a substantial 31.9% increase in hydropower generation, sources indicate.

by Harlow Wesley