THE HALFAX HEIMDALL AUGUR

Tesla cofounder to AI companies in US: I think we should be really worried about China Tesla co-founder JB Straubel warns US AI firms about China's power generation growth. He highlighted that the US grid struggles to meet AI's escalating electricity demands, potentially impacting national competitiveness. Straubel stressed the urgent need for expanded power generation and energy storage solutions to avoid data center projects moving overseas.

Tesla cofounder: 'We should be really worried' about… - inkl China is building new power generation at an unprecedented pace to power the AI boom as the U.S. grid struggles to keep pace with the development of data centers, triggering more delays and project cancellations. “I think we should be really worried,” saidTeslacofounder JB Straubel atFortune’s Brainstorm Tech conferencein Aspen on Monday. “I think the grid can’t handle it,” said Straubel, who left Tesla in 2019 to build the Redwood Materials battery recycling firm as its founder and CEO. “The pace of growth and demand of energy is unprecedented.” Straubel and Redwood are increasingly interested in the grid. Originally focused on electric-vehicle battery recycling, Redwood is now growing even more on using battery recycling to build battery energy storage for hyperscalers and the grid. With U.S. electricity demand expected to surge anywhere from 50% to 80% between 2024 and 2050, depending on projections, the need for more sources of energy is critical. Redwood just announced this week a new partnership withGeneral Motorsto use recycled EV batteries to power GM’s plant operations—just as GM invests in the next wave of…

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Tesla cofounder: 'We should be really worried' about the ... - Fortune China is building new power generation at an unprecedented pace to power the AI boom as the U.S. grid struggles to keep pace with the development of data centers, triggering more delays and project cancellations. Recommended Video “I think we should be really worried,” said Tesla cofounder JB Straubel at Fortune’s Brainstorm Tech conference in Aspen on Monday. “I think the grid can’t handle it,” said Straubel, who left Tesla in 2019 to build the Redwood Materials battery recycling firm as its founder and CEO. “The pace of growth and demand of energy is unprecedented.” Straubel and Redwood are increasingly interested in the grid. Originally focused on electric-vehicle battery recycling, Redwood is now growing even more on using battery recycling to build battery energy storage for hyperscalers and the grid. With U.S. electricity demand expected to surge anywhere from 50% to 80% between 2024 and 2050, depending on projections, the need for more sources of energy is critical. Redwood just announced this week a new partnership with General Motors to use recycled EV batteries to power GM’s plant operations—just as G…