SOLAR GROWTH HITS RECORD HIGH, EIA REPORTS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Global solar energy expansion has reached unprecedented levels, marking the largest growth rate ever recorded for any power source, according to the U.S. Energy Information Agency. The surge signals a fundamental shift toward electricity-based energy systems worldwide.
■ MORE FROM THE BUSINESS DESK
Natural gas-fired power generation in the US has reached its highest cost in at least 17 years, according to analysis firm Lazard. Costs are expected to rise further as data center demand accelerates.
Italian cable manufacturer Prysmian is actively seeking M&A opportunities worth approximately €4 billion ($4.68 billion), CEO Massimo Battaini announced Tuesday. The move comes as hyperscaler infrastructure deals accelerate.
Africa-focused data-center operator Raxio Group is entering Tanzania as it raises its total funding to $380 million, according to CEO Robert Skjødt.
Documents show Uber has pushed for a phased transition to autonomous vehicles in at least two jurisdictions, a strategy that could advantage the ride-hailing giant over pure self-driving developers. Uber simultaneously argues that industry proposals on AVs fail to protect driver rights.