financetom
Business
financetom
/
Business
/
French utility Engie signs deal to sell power to US data center company
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
French utility Engie signs deal to sell power to US data center company
May 26, 2025 7:02 AM

PARIS, May 13 (Reuters) - French utility Engie

said on Tuesday it had signed a deal to supply up to

300 megawatts of wind power to U.S. data center company Cipher

Mining Inc. ( CIFR )

The so-called power purchase agreement allows the co-located

data center to use electricity during periods of excess

generation, while enhancing grid stability and reliability, the

utility said.

A co-located data center is a project where equipment,

space, and bandwidth are available for rental to retail

customers.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-OCI Global Announces Agreement For The Sale Of Its Global Methanol Business To Methanex For Usd 2.05 Billion
BRIEF-OCI Global Announces Agreement For The Sale Of Its Global Methanol Business To Methanex For Usd 2.05 Billion
Sep 8, 2024
Sept 8 (Reuters) - OCI NV: * OCI GLOBAL ANNOUNCES AGREEMENT FOR THE SALE OF ITS GLOBAL METHANOL BUSINESS TO METHANEX * OCI NV - DEAL VALUED AT USD 2.05 BILLION ON CASH-FREE AND DEBT-FREE BASIS * OCI NV - PAYMENT INCLUDES USD 1.15 BILLION CASH AND 9.9 MILLION METHANEX SHARES * OCI NV - TO BECOME 13% SHAREHOLDER IN...
Couche-Tard approaches Seven & i again after $38.5 billion offer rejection
Couche-Tard approaches Seven & i again after $38.5 billion offer rejection
Sep 8, 2024
(Reuters) -Canadian retailer Alimentation Couche-Tard on Sunday said it is willing to engage in confidential discussions with 7-Eleven operator Seven & i Holdings and is keen on still pursuing an acquisition. The 7-Eleven operator has said the proposal is not in the best interest of its shareholders and could face antitrust challenges in the U.S. Couche-Tard said it would consider...
Westpac appoints Anthony Miller as new chief executive officer
Westpac appoints Anthony Miller as new chief executive officer
Sep 8, 2024
(Reuters) -Westpac has appointed Anthony Miller as chief executive officer and managing director, the Australian bank said on Monday. Anthony Miller, who joined the company in 2019, was serving as the chief executive of Westpac's Business & Wealth division, and will succeed Peter King, who will retire after a 30-year career at Westpac including five years as CEO. Peter King,...
Methanex to acquire OCI's methanol business for $2.05 bln
Methanex to acquire OCI's methanol business for $2.05 bln
Sep 8, 2024
Sept 8 (Reuters) - Methanex ( MEOH ) said on Sunday it will acquire OCI Global's methanol business in a cash-and-stock deal for $2.05 billion. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved