financetom
Technology
financetom
/
Technology
/
GE Vernova signs deal to support Amazon's data center expansion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GE Vernova signs deal to support Amazon's data center expansion
Mar 4, 2025 9:46 AM

March 4 (Reuters) - Renewable energy company GE Vernova ( GEV )

said on Tuesday it has signed an agreement with Amazon's ( AMZN )

cloud services business to support the e-commerce

giant's data center expansion plans.

GE Vernova ( GEV ) said the agreement with Amazon Web Services (AWS)

would address rising global energy demand, enhance grid security

and reliability and reduce carbon emissions from electric power

systems.

Big Tech has invested billions of dollars in developing AI

technology and the required infrastructure, while also actively

seeking cleaner energy sources to power these systems and reduce

their carbon emissions.

The company plans to supply AWS with a wide range of

solutions designed to electrify and reduce carbon emissions in

data centers across North America, Europe and Asia.

"GE Vernova ( GEV ) is well positioned through its broad portfolio

of energy products and services to help AWS obtain reliable,

cost-effective, and more sustainable electricity for its data

centers," said Pablo Koziner, the firm's chief commercial

officer.

As part of the agreement, AWS would assist GE Vernova ( GEV ) in

advancing its cloud migration and digital innovation efforts by

providing cloud services solutions, the company added.

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 >
Earnings Outlook For Cadence Design Sys
Earnings Outlook For Cadence Design Sys
Nov 3, 2024
Cadence Design Sys will release its quarterly earnings report on Monday, 2024-10-28. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Cadence Design Sys to report an earnings per share (EPS) of $1.44. Anticipation surrounds Cadence Design Sys's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter. New...
Comparing NVIDIA With Industry Competitors In Semiconductors & Semiconductor Equipment Industry
Comparing NVIDIA With Industry Competitors In Semiconductors & Semiconductor Equipment Industry
Nov 3, 2024
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating NVIDIA ( NVDA ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is...
Uncovering Potential: F5's Earnings Preview
Uncovering Potential: F5's Earnings Preview
Nov 3, 2024
F5 is preparing to release its quarterly earnings on Monday, 2024-10-28. Here's a brief overview of what investors should keep in mind before the announcement. Analysts expect F5 to report an earnings per share (EPS) of $3.45. F5 bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted...
EXCLUSIVE: Avalon GloboCare Inks MoU With Qi Diagnostics For Proposed Co-Development Of Real-Time Cannabis Breathalyzer
EXCLUSIVE: Avalon GloboCare Inks MoU With Qi Diagnostics For Proposed Co-Development Of Real-Time Cannabis Breathalyzer
Nov 3, 2024
On Friday, Avalon GloboCare Corp. ( ALBT ) entered into a memorandum of understanding (MOU) with Qi Diagnostics Limited, a nanosensor-based diagnostic technologies company, to explore a proposed strategic collaboration to co-develop a VOC (volatile organic compound) nanosensor-based point-of-care cannabis breathalyzer.  The MOU provides Avalon with a 120-day exclusivity period during which Avalon intends to negotiate with Qi Diagnostics and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved