Swedish GreenTech can meet AI's global energy needs - with waste gas
AI is often described as the great technological shift of the future, but its rapid growth comes with a serious downside – skyrocketing electricity consumption. Data centers already account for nearly 1.5 percent of global electricity use, a share that is projected to multiply in the coming years. Without new solutions, power grids risk becoming overloaded, AI development could stall, and greenhouse gas emissions will rise. This is where the technology from the Swedish-American company TEXEL can play a decisive role.
– "AI's enormous energy demands risk overloading our already strained power grids. By harnessing local energy that would otherwise go to waste, we can provide a greener and more stable energy supply," says
On
– "What we are showcasing in
At the core of TEXEL's technology is the ability to convert heat into electricity through a proven solution that is becoming increasingly attractive as energy prices rise and demand for green alternatives grows. The technology can be applied to a wide range of energy solutions – from storing energy in thermal batteries that can later be converted into electricity, to harnessing biofuels and flared gases.
To accelerate its growth, TEXEL acquired the Nasdaq-listed company Swedish Stirling and its existing production facilities in Sibbhult,
– "Since 2010, TEXEL has been developing its technology with a strong focus on large-scale energy storage – and now finds itself in the right place, at the right time, with the right technology as AI suddenly surges onto the market. Our main focus right now is the
CONTACT:
Daniel Wilke
TEXEL Energy
[email protected]
+4673 632 98 27
This information was brought to you by Cision http://news.cision.com.
The following files are available for download:
texel | |
Texel 2 | |
Texel 3 | |
Texel 4 |
View original content:https://www.prnewswire.com/news-releases/swedish-greentech-can-meet-ais-global-energy-needs--with-waste-gas-302550491.html
SOURCE TEXEL Energy
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Clarins Hosts Dinner, Celebrating The Launch Of Double Serum Eye At Kong During Paris Fashion Week
- Moab Air Service Adds New Service to Denver and Salt Lake City
- MontoHealth is building the action layer for healthcare AI
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share