Agreement
** Iran and the United States have agreed to a 60-day roadmap toward a final nuclear deal following high-level talks in Switzerland this weekend, according to a joint statement from mediators Qatar and Pakistan.
Defending
** Russia has pulled an air defense system from the front line and moved it to Moscow to defend the Russian capital. A new Pantsir anti-aircraft missile and gun system has been installed on a tower near Moscow’s main oil refinery, which was hit in a humiliating Ukrainian attack last week.
Data Centers
** Nvidia announced at London Climate Week that its latest AI system can be fully cooled with liquid warm enough to reduce the need for additional chilling equipment. Nvidia’s announcement comes on the heels of Google and Amazon defending their data center water practices amid growing local opposition to AI infrastructure.
US Energy
** Virginia lawmakers voted Monday to tax data centers for the electricity they use, capped at $600 million per year. Democratic Gov. Abigail Spanberger is expected to approve the eleventh-hour agreement — which breaks a monthslong budget stalemate and allows the state’s Democratic trifecta to avoid what would have been Virginia’s first government shutdown.
** The American Petroleum Institute is unveiling policy goals for upgrading and expanding oil infrastructure outside the Strait of Hormuz. The ideals include upgrading the Strategic Petroleum Reserve and changing the Jones Act process.
** Investors this week were lukewarm to power provider ERock, which went public, and advanced reactor developer Deep Fission, which is preparing for an IPO.
** Invenergy agrees to relinquish four offshore wind leases off the coasts of California, Maine, and New York in exchange for a $765-million payout from the Trump administration and says it will use some of the proceeds to fund geothermal development.
** Data centers could more than double their share of power demand and account for up to 15% of electricity use by 2030 as forecast growth outpaces any efficiency gains, according to a federal laboratory’s new report.
