EQT Infrastructure is investing $2 billion in small-battery technology to reduce power costs for industrial users and accelerate data center connections to the US grid.
The investment targets battery systems designed to lower electricity expenses while enabling faster grid integration for data centers—critical infrastructure supporting AI workloads.
Small-battery technology can provide localized energy storage and load management, helping industrial consumers optimize power consumption during peak demand periods. For data centers, the capability to connect rapidly to major US electricity grids addresses a key bottleneck in AI infrastructure expansion.
EQT Infrastructure's backing signals investor confidence in battery solutions as essential to powering the next generation of computing infrastructure. The push aligns with broader industry efforts to reduce operational costs and grid strain as AI deployment accelerates demand for data center capacity.
The investment underscores how energy infrastructure and computing advancement are increasingly intertwined, with power efficiency becoming a competitive factor in AI infrastructure development.
The FCC has approved Gulf state wealth funds acquiring nearly 50% ownership of the merged Paramount-Warner Bros. entertainment company. The decision clears a major regulatory hurdle for the deal.
Sony Music and Universal Music Group filed a new lawsuit against AI music startup Suno, claiming its latest model infringes copyright because it was built on a previously infringing model.
AI hardware imports drove August price increases at the US border, with investment in the sector playing a key supporting role in the economy, according to Apollo Global Management's chief economist Torsten Slok.
Amsted Industries is exploring a potential sale of Baltimore Aircoil Co., a cooling system provider, as surging demand for data center infrastructure attracts buyers to the market.