AGP Executive Report
Last update: 8 hours agoEnergy Storage: Four-hour batteries now undercut open-cycle gas in all 43 markets modeled by Wood Mackenzie, while solar is the cheapest new-build power in 43 of 48 markets. Grid Reliability: The US Energy Department announced about $967 million for projects to modernize grids and strengthen reliability; Wisconsin separately awarded $11.5 million to 36 clean-energy and efficiency projects. AI & Biotech: Eli Lilly is partnering with METiS to use generative AI to design lipid nanoparticles that deliver medicines more precisely to target tissues. Space Manufacturing: Varda Space Industries raised $251 million at a $1.6 billion valuation to expand drug production in microgravity, where materials can crystallize differently than on Earth. Health Technology: A Nebraska study highlights how older electronic-record systems and poor interoperability can hamper secure data sharing at rural hospitals. Powering AI: Data-center demand is driving growth in industrial construction and investment in cooling and grid infrastructure, including Blackstone’s newly closed $8.7 billion energy-transition fund.
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