Artificial intelligence is pushing data centre power demand beyond a question of how much electricity can be generated. Increasingly, the challenge is delivering that electricity where and when it is needed while accommodating enormous loads that can fluctuate from one minute to the next. For operators that cannot compromise on uptime—and are under growing pressure to reduce … [Read more...] about Beyond Backup: Why AI Data Centres Need Long-Duration Energy Storage
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HIVE’s BUZZ HPC Signs US$350-million AI Cloud Agreement
Vancouver-based HIVE Digital Technologies has secured a five-year GPU cloud services agreement worth approximately US$350 million through its wholly owned subsidiary, BUZZ High Performance Computing. The agreement with an undisclosed investment-grade enterprise customer is expected to add roughly US$70 million in annualized revenue. HIVE said the deal brings BUZZ HPC’s total … [Read more...] about HIVE’s BUZZ HPC Signs US$350-million AI Cloud Agreement
Ontario Wants New Data Centres to Pay More for Grid Power
Ontario says large new data centres should pay more for electricity and prove that they will benefit their host communities before they are allowed to connect to the provincial grid. The plan is set out in a draft Data Centre Playbook released this week. It is Ontario’s proposed rulebook for deciding which projects get access to limited grid capacity as demand for AI and … [Read more...] about Ontario Wants New Data Centres to Pay More for Grid Power
Oakville Freezes Data Centre Development for One Year
Oakville has imposed a one-year pause on new data centre development while the Ontario town studies how large computing facilities could affect local infrastructure, land use and surrounding communities. Council approved an Interim Control By-law at a special meeting on August 11. The temporary restriction applies to data centres, enterprise computing facilities and similar … [Read more...] about Oakville Freezes Data Centre Development for One Year
Montreal’s 5C Secures US$605M to Expand Gigascale AI Campuses
Montreal-based 5C Group has closed US$605 million in new debt financing led by Brookfield Asset Management, giving the AI infrastructure developer fresh capital to advance a pipeline of large-scale data centre campuses across the United States. The financing follows US$835 million in equity and debt raised by 5C in 2025, along with additional capital secured before that … [Read more...] about Montreal’s 5C Secures US$605M to Expand Gigascale AI Campuses