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Eos Energy Secures DOE Loan for Zinc Battery Manufacturing Expansion

Eos Energy Enterprises has secured a $303.5 million loan from the DOE to fund its zinc hybrid battery manufacturing, aiming for 8GWh capacity by 2027. UBS Asset Management has chosen Avathon's AI platform to optimize a 730MW battery storage portfolio in Texas. Meanwhile, Green & Clean Power is developing a solar-plus-storage project for a steel mill in Arkansas, expected to supply 40% of its energy needs, with completion slated for autumn 2025.
12:11 05.12.2024

amazon shares rise 6 percent after strong earnings report and growth

Amazon shares surged 6% after reporting better-than-expected earnings, driven by growth in cloud computing and advertising. Revenue rose 11% to $158.9 billion, with earnings of $1.43 surpassing estimates. The company plans to invest $75 billion in capital expenditures for 2024, primarily to enhance technology infrastructure and capitalize on generative AI opportunities.

microsoft stock faces steep decline after disappointing revenue forecast

Microsoft's stock fell over 5%, marking its worst day in two years, despite a strong earnings report. The company forecasted revenue between $68.1 billion and $69.1 billion for the current period, below analyst expectations, while its cloud business, Azure, saw a 33% revenue increase. CEO Satya Nadella noted supply chain issues affecting data center infrastructure and anticipated a $1.5 billion income hit from AI investments.

sam altman's reddit stake surpasses one billion dollars after earnings surge

Sam Altman's stake in Reddit is now valued at over $1 billion following a 20% surge in the company's shares after a strong earnings report. Altman, who controls approximately 12.2 million shares, was a significant investor in Reddit, contributing $60 million in 2021. He remains one of the largest shareholders, with no indication of selling his stock since the lockup period ended in September.
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