Tag: Data center

BusinessEnergyManufacturing

Redwood Materials Secures $350M Funding to Expand Grid Battery Production Amid AI Power Demand

The Nevada-based battery recycler and materials supplier has raised fresh capital to accelerate its energy storage business as electricity demand from AI data centers surges. The funding round was led by Eclipse with participation from Nvidia’s investment arm.

Major Funding for Domestic Battery Production

Redwood Materials, a prominent battery recycler and materials supplier, has reportedly secured $350 million in new funding to expand its grid-scale energy storage operations, according to company statements. The funding comes as electricity demand, particularly from artificial intelligence data centers, continues to surge across the United States.

by Darren Holt
AIBusinessTechnology

Meta Cuts 600 AI Jobs Amid Major Infrastructure Investment Push

Meta is laying off approximately 600 employees in its AI division while simultaneously pursuing aggressive infrastructure investment. The company continues hiring for its superintelligence unit despite the workforce reduction.

Major Workforce Reduction in AI Division

Meta is eliminating approximately 600 positions within its artificial intelligence unit, according to internal memos obtained by multiple news outlets. The layoffs, first reported by Axios and confirmed by CNBC, affect employees across AI infrastructure, the Fundamental Artificial Intelligence Research (FAIR) group, and various product-related teams.

by Carter Wells
BusinessInnovationTechnology

Equinix Advances Malaysian Expansion with Second Johor Data Center Milestone

Equinix has topped out its second data center in Johor, Malaysia, with the 7MW JH2 facility set to begin operations in early 2027. The project includes advanced liquid cooling technology and represents a significant expansion of the company’s Malaysian footprint.

Construction Milestone Reached

Global colocation firm Equinix has reached a significant construction milestone for its second Malaysian data center in Johor, according to recent reports. Sources indicate the company has topped out JH2, marking the completion of the structural phase for the facility.

by Carter Wells
BusinessInvestmentManufacturing

Tate to Invest $61 Million in New Kentucky Manufacturing Plant Creating 400 Jobs

Tate has confirmed plans to establish its largest North American manufacturing facility in Glasgow, Kentucky. The $61.2 million project is expected to generate 400 full-time manufacturing positions. The facility will specialize in thermal management and airflow solutions for data centers.

Major Manufacturing Investment in Kentucky

Tate, a leading data center infrastructure specialist, has announced plans to establish its largest North American manufacturing facility in Glasgow, Kentucky, according to company reports. The $61.2 million investment represents a significant economic development for the region and marks Tate’s first operational presence in the state.

by Carter Wells