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25.07.25 - 16:18
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Amazon Scraps New Irish AI Facility Amid Power Grid Shortfall (ZeroHedge)
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Amazon Scraps New Irish AI Facility Amid Power Grid Shortfall
Authored by Charles Kennedy via OilPrice.com,
Amazon Web Services has cancelled plans for a €300-million server rack manufacturing plant in Dublin's Ballycoolin industrial zone, citing an inability to secure timely electricity access from Ireland's grid operator, ESB Networks, Irish media reported on Friday.
The facility, which would have supported Amazon's expanding AI infrastructure, was expected to generate over 500 local jobs, and the collapse of the project reflects growing tension between Ireland's ambitions to host digital infrastructure and the limits of its overstretched grid.
As first reported by The Irish Times and confirmed by Bloomberg, the decision follows months of failed attempts to guarantee grid connectivity for the planned facility.
Ireland's data center sector now consumes more than 20% of total national electricity demand, prompting the Commission for Regulation of Utilities to restrict new grid connec...
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15.04.25 - 21:57
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Fifth Third Bancorp Announces Preliminary Results of Annual Shareholders Meeting (Business Wire)
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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected:
Nicholas K. Akins, retired chairman, president and CEO, American Electric Power.
Evan Bayh III, senior advisor, Apollo Global Management.
Jorge L. Benitez, retired CEO of North America, Accenture.
Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc.
Linda W. Clement-Holmes, retired chief Information Officer, The Procter and Gamble Company.
C. Bryan Daniels, co-founder and principal, Prairie Capital.
Laurent Desmangles, retired senior partner and managing director, Boston Consulting Group.
Mitchell S. Fieger, retired chair and CEO of Fifth Third Bank (Chicago).
Thomas H. Harvey, CEO, Energy Innovation: Policy and Technology, LLC.
Gary R. Heminger, retired CEO and chair, Marathon Petroleum Corporation.
Eileen A. Mallesch, retired senior vice president and CFO, Nationwide Ins...
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07.04.25 - 15:06
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Heartland Names New CEO Mauricio Vargas to Drive Waste Reduction and Upcycling Infrastructure Build Out (Business Wire)
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MURFREESBORO, Tenn.--(BUSINESS WIRE)--Heartland, an industry-recognized, end-to-end waste solutions provider that has delivered waste reduction and waste conversion solutions since 2008, has named Mauricio “Mo” Vargas as President and CEO. He succeeds Christopher Beaufait, a board member since 2017 who has served as President and CEO for the last two years.
A seasoned CEO who builds teams that bring transformative technologies to market, Vargas joins Heartland from BayoTech, a global leader in hydrogen production and distribution solutions, where he served as President and CEO for more than five years. Over the course of his tenure, he redefined the strategy of the company from a pre-revenue and technology focus to an infrastructure-focused company selling hydrogen equipment and molecules to industry leaders such as Shell, Linde, Air Liquide, PG&E, and more than 50 different customers. He raised over $180MM in growth equity capital; acquired and integrated a high-pressure transport and storage company...
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08.03.25 - 18:30
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Los Angeles County Sues Southern California Utility Over January Fire (ZeroHedge)
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Los Angeles County Sues Southern California Utility Over January Fire
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
Los Angeles County filed a lawsuit on March 5 against Southern California Edison (SCE) and its parent company, Edison International, alleging the utility's equipment caused the deadly Eaton Fire that cost the county hundreds of millions of dollars in response efforts and cleanup.
Los Angeles County firefighters direct water onto a burning home as the Eaton Fire moves through the area in Altadena, Calif., on Jan. 8, 2025. Justin Sullivan/Getty Images
The fire began on Jan. 7 and became the second-most destructive and fifth-deadliest wildfire in California history, according to the lawsuit.
It burned more than 14,000 acres, claimed approximately 9,400 structures, and damaged hundreds more. It ravaged the unincorporated town of Altadena, and destroyed county parks, a nature center, trails, and other community infrastructure, according to Los Angeles County.
At lea...
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20.02.25 - 22:18
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Ameriprise Financial Appoints Glynis A. Bryan to Board of Directors (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced that Ms. Glynis A. Bryan has been appointed to its board of directors, effective March 1, 2025.
Ms. Bryan served as the chief financial officer of Insight Enterprises Inc. (NASDAQ: NSIT), a global software and technology solutions integrator, from 2007 through 2024. Prior to joining Insight, she served as the executive vice president and chief financial officer of Swift Transportation, Co. and as chief financial officer of APL Logistics. Ms. Bryan also held senior finance roles at Ryder Systems, Inc.
Ms. Bryan serves as a director of Pinnacle West Capital Corporation and Wesco International, Inc., and she is a former director of Pentair plc. Ms. Bryan earned an MBA from Florida International University and a BA from York University.
“My fellow directors and I are extremely pleased to welcome Glynis to the board,” said Jim Cracchiolo, chairman and chief executive officer. “Glynis brings a wealth of experience to Amer...
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