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AI Data Center Power Requirements Increasing Demand For Critical Materials Like Copper And Uranium

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5 months ago

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–News Direct–

By Kyle Anthony

Artificial intelligence (AI) has proliferated rapidly, and this has had consequences for energy consumption. Some technology firms are securing their own clean energy sources to power their data centersespecially to identify new, sustainable and long-term ones.

The Energy Consumption Of AI And Data Centers

As AI adoption and advancement continue to accelerate, the demand for electrical power to sustain data centers, which support cloud computing, big data processing and AI algorithms, is also on the rise. As reported by S&P Global Commodity Insight, in 2022, global power consumption from data centers was approximately 460 Terawatt hour (TWh). That could double by 2026 to more than 1,000 TWh, roughly equal to Japan's total electricity use.

With the creation and usage of generative AI tools across many industries, hyperscale data centers a specialized category of data center designed to power immense amounts of digital information and computational tasks have become a central focus. In the U.S., research conducted by Boston Consulting Group states that growth in demand for data center services, particularly for generative AI, is driving up power usage and density.

Data center electricity consumption was 2.5% of the U.S. total (~130 TWh) in 2022 and is expected to triple to 7.5% (~390 TWh) by 2030. Given the significant amount of energy required to power generative AI models, many companies are pivoting toward, if not building, data centers that run on sustainable energy sources.

Using Current And New Sustainable Energy Sources

Recognizing the high energy requirements for data centers, big tech firms such as Amazon.com Inc (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOG), and Microsoft Corp (NASDAQ: MSFT) are among the first to explore using sustainable energy sources, including wind and solar, to power their business operations, such as data centers. For example, Amazon has committed to matching all the electricity used to power its operations with 100% renewable energy and is on track to meet said goal by 2025.

The firm recently entered into a power purchase agreement with Scottish Power Renewables, one of the worlds largest clean energy companies. The new agreement will see the company purchase a portion of the 1.4 GW of clean electricity generated by East Anglia THREE, Scottish Power Renewables biggest ever offshore wind farm and the second largest in the world when it comes into operation in 2026.

While using sustainable energy will alleviate existing demands on the electricity grid, the intermittent nature of solar and wind energy is a challenge. As such, firms are now exploring nuclear energy as a viable power source. Microsoft, OpenAIs partner and largest investor, believes nuclear power can help fulfill its massive electricity needs as it ventures further into artificial intelligence and supercomputing.

Recently, the firm hired Erin Henderson, PhD, MBA, PMP, as the director of nuclear development acceleration, to devise a global strategy for small modular reactors and microreactors to power Microsoft's data centers. Small modular reactors (SMRs) are advanced nuclear reactors with a power capacity of up to 300 Megawatts electric (MW(e)) per unit, about one-third of the generation capacity of traditional nuclear power reactors. SMRs can produce a large amount of low-carbon electricity.

Gaining Exposure To The Energy Transition Resources

As big tech firms find different avenues to power their data centers, there will be increased demand for the critical minerals needed to generate, transmit and store cleaner energy. For investors, this presents an opportunity, as having material exposure to these essential resources allows them to benefit from the gradual price appreciation that will likely occur.

Sprott Copper Miners ETF

Coppers exceptional electrical conductivity and contribution to energy efficiency make it a critical element in energy transmission. Its broad market demand and versatility in use across many industries have historically positioned its price as a gauge of the global economy. As the global economy moves toward decarbonization and electrification, emerging clean-energy technologies require significantly more copper than traditional systems.

For investors looking to gain exposure to copper, the Sprott Copper Miners ETF (NASDAQ: COPP) provides pure-play exposure to large-, mid- and small-cap copper mining companies that are providing a critical mineral necessary for the clean energy transition. Coppers exceptional electrical conductivity and contribution to energy efficiency make it essential to energy transmission.

Copper is indispensable across a wide spectrum of applications, from powering energy grids and essential components of clean energy technologies to being a fundamental element in virtually every electronic device. The ETF tracks the Nasdaq Sprott Copper Miners Index, which reflects a broad universe of global securities in the copper industry, including copper producers, developers and explorers.

Sprott Uranium Miners ETF

The growing demand for energy globally and the need to move away from fossil fuels is setting the stage for nuclear power. For a national, state or local utility, the appeal of nuclear power starts with its reliability, as the sometimes intermittent nature of solar and wind energy can affect its dependability in long-term power generation.

Regarding safety, nuclear power plants have advanced in recent decades and the technology has evolved so that plants operate and maintain reactors more efficiently. This translates to fewer, shorter disruptions in the reactors consistent electrical power production. Finally, nuclear power is clean, as it generates the lowest greenhouse gasses of any power source.

Essential to nuclear energy is uranium, a very heavy metal that can be used as an abundant source of concentrated energy for nuclear reactors. The Sprott Uranium Miners ETF (NYSEARCA: URNM) provides investors with exposure to companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development, and production of uranium, or holding physical uranium, owning uranium royalties, or engaging in other, non-mining activities that support the uranium mining industry, by tracking the North Shore Global Uranium Mining Index.

A Timely Opportunity

As technology increases power demand and we also move toward decarbonization, the value of the critical materials required for energy production and transmission may grow over time. For investors, gaining exposure to companies well-positioned to benefit from the increased investment in the critical minerals needed for clean energy is a timely opportunity that can reap benefits for the future.

Featured photo by Anthony Indraus on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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View source version on newsdirect.com: https://newsdirect.com/news/ai-data-center-power-requirements-increasing-demand-for-critical-materials-like-copper-and-uranium-700669708

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Press Release

Shared Pets LLC Launches Revolutionary High-Tech Products to Enhance Pet Care Experience

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2 hours ago

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October 24, 2024

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United States, 24th Oct 2024 – Shared Pets LLC, a leading innovator in the pet care industry, is excited to announce the launch of its latest line of smart, high-tech products designed to improve the lives of pets and their owners. Focused on merging advanced technology with pet care, Shared Pets LLC is committed to creating solutions that offer convenience, entertainment, and health benefits for pets and their families.

The company’s mission is clear: to enrich the bond between pets and their owners by offering innovative products that simplify daily care routines and enhance the quality of life for both. Each product in Shared Pets LLC’s collection is designed with the modern pet parent in mind, combining technology and functionality to make pet ownership more enjoyable and hassle-free.

A Vision for Enriching Pet Lives

Shared Pets LLC strives to bring the latest advancements in technology to the pet care sector, ensuring pets receive the best care possible while strengthening the connection between pets and their families. The company meticulously designs and selects its product range to meet the highest standards of quality, innovation, and usability. From smart feeders to health monitoring devices, Shared Pets LLC aims to make every moment spent with pets more rewarding.

“Our mission is to provide pet owners with high-tech solutions that improve their daily interactions with their pets,” a spokesperson for Shared Pets LLC shared. “We recognize the deep bond between pets and their families, and we want to support that relationship with products that offer both practical benefits and joy.”

Innovative Product Offerings for Modern Pet Owners

Shared Pets LLC’s product line includes an impressive range of high-tech pet care tools, such as smart feeders, interactive toys, GPS trackers, and health monitoring devices. These products are designed not only to improve pet well-being but also to provide peace of mind and convenience for pet owners.

  • Smart Feeders: These innovative feeders allow pet owners to manage and monitor their pet’s meals remotely, ensuring proper portioning and timely feeding, even when they are away from home.
  • Interactive Toys: Designed to keep pets mentally stimulated and entertained, these toys offer interactive features that engage pets, helping reduce boredom and anxiety.
  • GPS Trackers: These devices provide pet owners with real-time location tracking, ensuring the safety and security of their pets wherever they may roam.
  • Health Monitoring Devices: Shared Pets LLC’s health-focused devices help pet parents keep track of their pet’s physical activity and well-being, allowing for early detection of health issues and promoting overall fitness.

Crafted with Premium Materials

All Shared Pets LLC products are handmade using high-quality materials to ensure durability, comfort, and safety. The company places a strong emphasis on creating products that meet the highest standards of reliability while maintaining an aesthetic appeal that suits both pets and their owners.

Bringing the Future of Pet Care Today

Shared Pets LLC is dedicated to pushing the boundaries of pet care by leveraging cutting-edge technology to simplify pet ownership and create more interactive experiences. The company invites pet owners to explore its innovative products and discover how technology can enhance the care, safety, and happiness of their pets.

For more Information visit https://sharedpets.com 

About Shared Pets LLC

Shared Pets LLC is a technology-driven company that specializes in creating high-quality, innovative pet care products. Focused on merging the latest advancements in technology with practical pet care solutions, Shared Pets LLC aims to enhance the bond between pets and their owners while providing products that are both functional and enjoyable.

Media Contact

Organization: Shared Pets LLC

Contact Person: PR Contact

Website: https://sharedpets.com/

Email: Send Email

Country: United States

Release Id: 24102418970

The post Shared Pets LLC Launches Revolutionary High-Tech Products to Enhance Pet Care Experience appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Solar Installer Awarded EnergySage Elite+ Status, Offering Quality Solar in 9 States

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3 hours ago

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October 24, 2024

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Houston, TX – IntegrateSun, a leading provider of solar energy solutions, is proud to announce its designation as an Elite+ Installer on EnergySage, the most trusted online marketplace for clean energy. This prestigious recognition solidifies IntegrateSun’s position as a top-tier solar installer and reflects the company’s commitment to providing exceptional service and quality control.

As an Elite+ installer, IntegrateSun joins a distinguished group of solar companies who consistently deliver both quality solar and stellar customer service for over two years on the EnergySage platform. This partnership amplifies both companies’ shared mission to accelerate the transition to clean energy by making solar energy more accessible to homeowners and businesses alike.

“Achieving Elite+ status on EnergySage is a testament to the hard work and dedication of our entire team,” said Waqas Hassan, CEO of IntegrateSun. “At IntegrateSun, we prioritize delivering quality and building trust with our customers. Partnering with EnergySage allows us to expand that mission and reach more people across the country who are ready to embrace clean and sustainable energy.”

Headquartered in Houston, TX, IntegrateSun serves multiple key markets, including Texas, California, Oklahoma, Nevada, Arizona, Pennsylvania, Maryland, Washington D.C., and Georgia. With a strong track record in residential and commercial solar installations, IntegrateSun is poised to further its leadership in the renewable energy sector.

“We’re thrilled to recognize IntegrateSun for achieving Elite+ Installer status,” said Sam Thompson, VP of Marketplace at EnergySage. “Their commitment to providing high-quality solar installations and top-tier customer service aligns perfectly with our mission at EnergySage. This partnership enables us to better serve homeowners looking for trusted, reliable solar installers in their regions.”

About IntegrateSun:

IntegrateSun specializes in delivering cutting-edge solar energy solutions for residential and commercial customers. With a focus on quality, sustainability, and customer service, IntegrateSun continues to expand its footprint nationwide, helping customers harness the power of solar energy for a cleaner future.

For media inquiries, please contact:

hello@integratesun.com

http://www.integratesun.com 

Houston, TX

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Press Release

Royalty Management Acquires Royalty Stream In The Controlled Environment Agriculture Industry

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4 hours ago

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October 24, 2024

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Provides Royalty Management with an equity interest and royalty stream from sales of patented products that serve the indoor farming and controlled agriculture spaces.Investment continues Company’s target of investments in food security sectors.

FISHERS, INDIANA / October 24, 2024 / Royalty Management Holding Corporation (Nasdaq: RMCO) (“Royalty Management” or the “Company”), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce that it has purchased an equity interest and royalty stream from sales of controlled agriculture and greenhouse products produced and sold by a leading-edge innovator in the greenhouse space.  The royalty stream comes from sales of certain innovative, patented consumables used in controlled growing environment.

The amount of the royalty payable to the Company is based on volumes of these greenhouse consumable product sales, and ranges from 1.4% to 2.2% of sales. The seller is expected to start producing royalty income for Royalty Management starting in early 2025. A confidentiality agreement currently in place restricts Royalty Management from disclosing the name of the producer of the greenhouse/controlled agriculture products.

Thomas Sauve, Chief Executive Officer of the Company, stated, “Innovative controlled growing environment platforms that increase food production and yields will be essential for our food security and as regional populations grow. We are thrilled to continue our investment in this critical industry given the need for affordable and productive food based growing environments. This investment, combined with our previous participation as a gold member sponsor of the CASFER technologies (www.casefer.us) provides us direct investment royalties and cash flows from food production and technologies products.. This investment and this company have the ability to revolutionize the indoor agriculture and controlled growing environment space though high-density production of foods and produce. We are excited about this partnership for a variety of reasons, including the potential for further investment and collaboration with our partner and their team on accelerating deployment and innovation of this technology.

About Royalty Management Holding Corporation

Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in sustainable market environments. The business model focuses on acquiring and structuring cashflow and revenue streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future. For more information visit www.royaltymgmtcorp.com.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the “Risk Factors” section of the Company’s registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC’s website, www.sec.gov. The information contained in this release is as of the date first set forth above.  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact

Organization: Royalty Management Holding Corporation

Contact Person: Thomas Sauve

Website: https://www.royaltymgmtcorp.com

Email: Send Email

Contact Number: +13178559926

Address: 12115 Visionary Way

Address 2: Suite 174

City: Fishers

State: Indiana

Country: United States

Release Id: 24102418971

The post Royalty Management Acquires Royalty Stream In The Controlled Environment Agriculture Industry appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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