Corbetti Geothermal Project: Ethiopia’s Ambitious Plan to Harness Clean Energy for Growth Ethiopia’s Corbetti Geothermal project has taken a significant step forward after signing a contract with the United Kingdom’s Marriott Drilling Group to drill up to four exploration wells near Shashemene in Oromia. The agreement marks the beginning of a new phase for one of Africa’s most closely watched geothermal developments and could help Ethiopia diversify its electricity supply beyond hydropower. The project is being advanced by Taranis Operations Ltd, which recently acquired a majority interest, alongside the Private Infrastructure Development Group (PIDG), which retains an approximately 40% minority stake. PIDG has also committed an additional USD 7.2 million through its project-development arm, InfraCo Africa Business Development Limited. The drilling programme is expected to begin early next year after a rig arrives at the Corbetti site and final preparations are completed. The initial e...
In a groundbreaking decision, Microsoft has set its sights on nuclear power as a crucial component of its ongoing quest to advance artificial intelligence (AI). This unexpected move marks a significant shift in the tech giant's strategy, as it seeks to address the growing energy demands of its AI research and data centers while also making a substantial commitment to sustainability. ## The Energy Challenge in AI Artificial intelligence is rapidly becoming an integral part of our daily lives, from voice assistants in our homes to autonomous vehicles on our streets. However, the development and operation of AI systems come with a hefty energy price tag. AI training processes, in particular, are notorious for their energy consumption, requiring massive data centers with power-hungry GPUs to process vast datasets. As AI continues to evolve and tackle more complex tasks, the need for computing power is growing exponentially. This demand for computing resources has led major tech compani...