The Energy & Sustainability Supplement
A sustainable future for data centers
News - Business Operations, Oracle
The latest news from the AI, data center, telco, chip, and cloud sector
The Energy & Sustainability Supplement
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Oracle renews attempts to secure natural gas pipeline approval for Project Jupiter data center - report
Seeks approval from FERC to expedite approval of the 17.8-mile pipeline
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Oracle, Broadcom, and SpaceX looking to secure ten of billions in financing to support AI compute purchases – report
Broadcom is seeking $50bn, while SpaceX is looking to secure $40bn
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Oracle issues force majeure notice to Blue Owl following series of setbacks at Project Jupiter data center campus – report
The 2.5GW site in New Mexico is set to come online in 2028
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Oracle upscales layoffs, expected to increase restructuring costs by $700m
While chairman Larry Ellison ditches plans for stock sale
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HPE caps stellar Q3 with Oracle ‘gigawatt scale’ networking deal
Hyperscaler and long-time Juniper user keeps faith, but backlog headaches linger on
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Trump expands Ratepayer Protection Pledge with 200-plus new signatories
Including utility heavyweights Southern Company, PPL Corp, NextEra Energy, Duke Energy, and American Electric Power
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New Mexico regulators reject natural gas pipeline for Oracle's 2.5GW Project Jupiter data center
Pipeline was expected to feed fuel cells on the site
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UK Treasury designates big four US hyperscalers as "Critical Third Parties"
Will bring Google, Amazon Web Services, Microsoft, and Oracle under direct regulatory oversight
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Vantage tops out second building at OpenAI's Lighthouse campus in Wisconsin
Structural work completed
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Oracle cut workforce by 21,000 employees in FY2026
Revealed in annual report
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Oracle Cloud Infrastructure revenue up 93% as firm's capex keeps climbing
Company expects spending of up to $95bn for FY2027
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Oracle and OpenAI start construction on Stargate data center campus in Saline Township, Michigan
Project dubbed "The Barn"
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Synergy Research: Cloud spending hits $129bn in Q1 2026, ninth consecutive quarter of growth
Highest growth rate since Q4 2021
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Nscale pinches Oracle data center lead Sam Huckaby to head AI infrastructure build out
Huckaby will lead the neocloud's European and North America expansion
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Oracle secures necessary funding for Michigan data center
Pimco officially signs on to buy $10bn in bonds
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Pimco in talks to provide $14bn in debt financing for Oracle's Michigan data center - report
Follows reports that data center investor Related Digital was nearing financing for the project
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Related Digital closes in on $16bn financing for Oracle data center in Michigan - report
Likely for Oracle’s Stargate development in Saline Township, Michigan
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Oracle begins laying off thousands of workers to fuel AI data center spend
Layoffs began yesterday
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Microsoft agrees to lease 700MW at Crusoe's data center in Abilene, Texas - report
Talks conclude: Microsoft gets the gig
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US hyperscaler capex to top $700bn in 2026, investors fear overbuild and weak returns - Moody's
Capex in 2026 will be six times larger than 2022
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Oracle stood up 400MW of data center capacity in latest quarter, has secured 10GW of power for the next three years
Finishes the quarter with a remaining performance obligation of $553 billion
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Oracle/OpenAI drop plans to expand flagship Abilene Stargate site, Meta in talks to pick up Crusoe capacity with Nvidia's help
Financing challenges and Stargate's changing scope end Texas data center expansion plans
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Oracle plans to again cut thousands of jobs to free up AI data center cash flow
To feed OpenAI buildout, company will slash staff
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Oracle officially launches $25bn bond offering and $20bn equity distribution agreement
Follows announced plans to raise up to $50 billion in debt and equity in 2026
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Oracle to raise up to $50bn in debt and equity in 2026 to fund OpenAI & cloud buildout
Also reportedly considering 20-30k in layoffs
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TD Cowen: US banks retreat from Oracle amid doubts the company can fund OpenAI commitments
US banks are refusing to lend due to existing OpenAI commitments
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Oracle revealed as tenant of Project Jupiter data center campus in New Mexico
Site being developed by Stack and BorderPlex Digital Assets will be used for OpenAI
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Data center acquired in Memphis, set to serve Oracle cloud partner
Facility previously used by CCTV sercurity firm