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Amazon (AMZN) Stock Rises as It Bets on Geothermal Power with AI Data Centers Triggering a New Energy Supercycle
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Amazon (AMZN) Stock Rises as It Bets on Geothermal Power with AI Data Centers Triggering a New Energy Supercycle
Amazon is accelerating its push into carbon-free energy as artificial intelligence (AI) drives a massive new wave of electricity demand. The company announced plans to invest in 700 megawatts (MW) of clean energy projects in Nevada. This will help support future data center operations near Reno. The portfolio includes 100 MW of geothermal energy from Zanskar and 600 MW of solar power paired with 600 MW of battery storage from Primergy. The move …
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