Today’s renewable energy news includes announcements RIFT, Atlantic Energy, and others.
RIFT Raises EUR 114 mn to Scale Iron Fuel Production for Industrial Heat
Clean energy technology firm RIFT has secured EUR 114 million in funding to scale production of iron fuel, an emerging solution for sustainable industrial heat. The investment will support development of facilities and technology aimed at replacing fossil fuels in high-temperature industrial processes. Iron fuel works by combusting iron powder to generate heat without direct carbon emissions, with the resulting iron oxide recyclable back into iron using renewable energy. This circular energy system offers a promising pathway for decarbonizing hard-to-abate industries such as steel, cement, and manufacturing. The funding round highlights growing investor interest in innovative clean energy technologies that can help industries reduce emissions and accelerate the transition toward low-carbon industrial heat solutions.
Atlantic Energy to Power Viking Data Centers’ 150 MW Expandable Facility in Akron
Atlantic Energy has been selected by Viking Data Centers to supply power for a new 380,000-square-foot data center facility in Akron, Ohio, with capacity expandable to 150 MW. The project reflects growing electricity demand from the rapidly expanding data center sector and highlights the need for reliable and scalable energy solutions. Under the agreement, Atlantic Energy will provide tailored power supply services to support the facility’s high-performance computing and data processing operations. The development is expected to strengthen regional digital infrastructure while contributing to economic growth and job creation. The partnership underscores the increasing importance of strategic energy providers in supporting large-scale data center projects as global demand for cloud and AI infrastructure continues to rise.
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