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Article

Vertiv Turns Microgrids Into an AI-Data-Center Time-to-Power Stack

Vertiv agreed to acquire UtilityInnovation Group for about $1.45 billion in cash at closing, with up to $1.15 billion more tied to EBITDA targets over 12- and 24-month periods. The deal adds microgrid controls, onsite generation and storage orchestration, mic…

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California’s AI Data Center Fight Moves to the Utility Bill

California lawmakers reached a late-August compromise on data-center energy legislation as AI infrastructure growth collides with utility-bill politics. Official Aug. 28 amendments to SB 886 and AB 2383 show the core mechanism: CPUC tariffs and updated electr…

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RUM Group Turns AI Compute Into a Penny-Warrant Financing Test

RUM Group disclosed a six-year GPU-services agreement with an unaffiliated U.S.-based cloud customer, tied to its Maysville, Georgia site that is still under development. The contract carries an approximately $13.7 billion three-tranche order value and is pai…

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XPeng Turns Humanoid Robots Into a $6.3 Billion Physical-AI Spinout

XPeng said on August 24, 2026 that its robotics business entered share-purchase agreements to raise more than $900 million at a post-money valuation above $6.3 billion. The financing gives Dogotix a standalone capital structure for humanoid robot R&D, physica…

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