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Texas
464 posts
Gatik’s autonomous trucks have completed 85,000 driverless orders, so why is the next stage much harder?
Gatik has secured $200 million after completing 85,000 fully driverless orders and building more than $600 million in contracted revenue. With PepsiCo, Loblaw and other major customers moving beyond pilots, the next test is whether dozens of autonomous trucks can become thousands without weakening safety, service levels or fleet economics.
Why SCHEELS thinks a Ferris wheel and aquarium belong inside a sporting goods store
SCHEELS opens a 300,000-square-foot Texas store, testing whether costly experiential retail can turn destination traffic into durable store economics.
USA Rare Earth lands $750m U.S. government backing for Serra Verde rare earth supply
USA Rare Earth secured $1.55B of backing for Serra Verde, including $750M from the U.S. government and a $300M purchase contract.
nVent to acquire Maverick Power for $1.75bn as AI data-center infrastructure push accelerates
nVent is buying Maverick Power for $1.75B to expand its AI data-center power platform, with another $550M tied to future performance.
Sage Geosystems puts Texas geothermal facility in service as 120-day test clears key commercial hurdle
Sage Geosystems has completed more than 120 days of operations at its 3 MW Texas facility, supplying reservoir data for a larger geothermal project with Ormat in Nevada.
Vantage Data Centers explores $100bn IPO as AI infrastructure boom puts mega-valuation to the test
Vantage Data Centers is reportedly evaluating an IPO that could value the hyperscale infrastructure company at about $100 billion, alongside possible sale options. The potential valuation would put Vantage close to Equinix in public-market scale, making contracted AI demand, debt, power availability and returns on billions of dollars of new capacity the critical tests.
Vistra Q2 EBITDA jumps 31% as Cogentrix and Meta nuclear deals set up the next earnings test
Vistra delivered $1.77 billion of second-quarter adjusted EBITDA as higher power prices, capacity revenue and acquired gas generation lifted earnings. Cogentrix and Meta could add another layer from 2027, but a sharp VST share-price pullback shows investors are demanding proof that scarce dispatchable power can translate into durable per-share growth.
Cheniere Energy raises 2026 EBITDA outlook as Corpus Christi LNG expansion accelerates
Cheniere Energy has raised its 2026 adjusted EBITDA guidance to as much as $8.4 billion as Corpus Christi Stage 3 adds LNG volumes and global margins remain supportive. The next test is whether construction-led growth, another 5 mtpa of authorised capacity and a proposed 24 mtpa expansion can keep lifting cash flow as global LNG supply eventually catches up.
Constellation to sell 606MW Brazos Valley gas plant for $860m as LS Power deepens ERCOT bet
LS Power is paying $860 million for Constellation Energy’s 606MW Brazos Valley Energy Center near Houston, completing the final plant sale required by the Calpine antitrust settlement. The price highlights the scarcity value of existing dispatchable generation in ERCOT, but the buyer will still depend on volatile Texas power-market economics to justify the investment.
Investors put another $1bn into Base Power as home batteries become grid infrastructure
Base Power has raised $1 billion and begun producing its Base Core residential battery in Austin, giving the company fresh capital to expand its distributed energy network across the United States. The valuation reflects growing confidence in virtual power plants, but Base must still prove that its capital-intensive ownership model can generate durable returns at national scale.