Learners Live

Did you Know?
Menu

GE Vernova Announces $14.2B in Energy Deals in Saudi Arabia

William Attardi on June 5, 2025

 GE Vernova Inc. (NYSE: GEV) announced initiatives worth up to $14.2 billion for its world class energy equipment technology and services to support power generation and grid stability projects. The announcements include up to $2 billion in backlog or on a reservation agreement as of the first quarter of 2025, with future contracts and memorandums of understanding (MOUs) for agreements spanning across the next four years. The initiatives are expected to play a strong role in supporting the Kingdom in achieving its energy goals under Saudi Vision 2030 and transition to net zero by 2060. GE Vernova Announces $14.2B in Energy Deals in Saudi Arabia – electrifiED

Coal Plant to be Transformed into Gas-Powered Data Center Campus

William Attardi on April 10, 2025

 Homer City Redevelopment (HCR) and Kiewit Power Constructors Co. (Kiewit) announced the future of the former Homer City Generating Station. Homer City – previously the largest coal-burning power plant in Pennsylvania – will be transformed into a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing artificial intelligence (AI) and high-performance computing (HPC) needs of the innovative technology companies shaping America’s digital future. GE Vernovawill provide seven high-efficiency 7HA.02 hydrogen-enabled, gas-fired turbines, with the first deliveries expected to begin in 2026.  Coal Plant to be Transformed into Gas-Powered Data Center Campus – electrifiED

GE Vernova Outlines $600M US Expansion

William Attardi on January 31, 2025

GE Vernova Inc. outlined a capital investment program for U.S. manufacturing and development operations totaling close to $600 million through 2027. It projected the investments would address issues involving energy affordability, national security, and manufacturing growth, and would prompt the creation of more than 1,500 new jobs. GE Vernova, which is the former General Electric portfolio of businesses that manufacture industrial and alternative energy systems, pegged the new U.S. investments as part of its broader, $9-billion global capital investment and research program. Among the planned U.S. investments:

  • Greenville, SC ($160 million)
  • Niskayuna, NY ($100 million)
  • Parsippany, NJ, Bangor, ME, Schenectady, NY ($50 million each)
  • Clearwater, FL, Charleroi, PA ($20 million each)
  • Also Pensacola, Grand Forks, Amarillo, Wilmington, Pittsburgh

Energy Giant Outlines $600M US Expansion | GE Vernova | American Machinist

 

What Are Stablecoins and How Do They Work?

Stablecoins are less volatile than other cryptocurrencies (like Bitcoin) and due to crypto assets’ inherent instability, stablecoins are growing in popularity with both crypto and traditional markets. Stablecoins are a type of crypto asset, but one that offers a way to bridge the gap between fiat currencies like the U.S. dollar and cryptocurrencies. Because they are price-stable digital assets that behave like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets themselves.  There are four primary stablecoin types, identifiable by their underlying collateral structure: fiat-backed, crypto-backed, commodity-backed, and algorithmic stablecoins.  What Are Stablecoins and How Do They Work? | Gemini