financetom
Business
financetom
/
Business
/
Portland General Electric, GridCARE Complete Project for Faster Data Center Interconnections
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Portland General Electric, GridCARE Complete Project for Faster Data Center Interconnections
Oct 8, 2025 7:53 AM

10:12 AM EDT, 10/08/2025 (MT Newswires) -- Portland General Electric ( POR ) and GridCARE have completed a joint project in Hillsboro, Oregon, to accelerate large-load interconnections for data centers using artificial intelligence, according to a statement Wednesday.

The collaboration will provide over 80 megawatts of new capacity for data centers by 2026 and more than 400 MW by 2029, enabling Portland General Electric ( POR ) to connect multiple data center customers years sooner than traditional grid upgrades would allow, the companies said.

With the use of GridCARE's DeFlex technology, Portland General Electric ( POR ) is able to identify capacity on the existing grid and apply generative AI forecasting, allowing for more efficient use of existing assets and keeping costs low for customers, the companies said.

Price: 43.77, Change: -0.05, Percent Change: -0.13

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 >
ThreeD Capital Raising $1.5 Million in Private Placement
ThreeD Capital Raising $1.5 Million in Private Placement
Jul 8, 2024
08:50 AM EDT, 07/08/2024 (MT Newswires) -- ThreeD Capital ( IDKFF ) said over the weekend that it is raising about $1.5 million in a private placement. The Canada-based venture capital firm said the offering will comprise up to nearly 5.6 million units priced at $0.27 per unit. Each unit consists of one share and one warrant. Each whole warrant...
Sector Update: Consumer
Sector Update: Consumer
Jul 8, 2024
08:46 AM EDT, 07/08/2024 (MT Newswires) -- Consumer stocks were mixed pre-bell Monday with the Consumer Staples Select Sector SPDR Fund (XLP) 0.1% higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.4% recently. International Game Technology ( IGT ) was up more than 2% after saying it has made its popular Prosperity Link casino game available online...
Precision Drilling Extends Senior Credit Facility, Reiterates Debt Reduction Targets
Precision Drilling Extends Senior Credit Facility, Reiterates Debt Reduction Targets
Jul 8, 2024
08:48 AM EDT, 07/08/2024 (MT Newswires) -- Precision Drilling ( PDS ) on Monday said it extended and increased its senior credit facility as it outlined its 2024 debt reduction targets. The company said the facility is being extended to June 28, 2027, while the size of the facility is being cut to US$375 million from US$447 million while an...
Commvault Systems Names CFO Gary Merrill as Chief Commercial Officer, Jennifer DiRico as CFO
Commvault Systems Names CFO Gary Merrill as Chief Commercial Officer, Jennifer DiRico as CFO
Jul 8, 2024
08:47 AM EDT, 07/08/2024 (MT Newswires) -- Commvault Systems ( CVLT ) said Monday that Chief Financial Officer Gary Merrill will transition to a newly created role as the company's first chief commercial officer. The company has appointed Jennifer DiRico as CFO, starting Aug. 12, Commvault ( CVLT ) said. Price: 124.50, Change: +0.52, Percent Change: +0.42 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved