Nvidia and Google's Jeff Dean Back Startup Promising Ultimate Virtual Power Plant to Cut Grid Stress.

Emerald AI, a startup backed by Nvidia, John Kerry, and Google's Jeff Dean, has developed software to turn data centers into flexible tools for managing electricity demand. The company raised $24.5 million in seed funding and tested its platform with Nvidia and Oracle, cutting energy load by 25% in three hours during a grid stress event. Emerald AI's AI software helps data centers bypass grid interconnection queues and delay or redirect power-hungry tasks during peak demand.

Nvidia-backed CoreWeave has announced plans to invest up to $6 billion in developing a data center in Lancaster, Pennsylvania. This facility, purpose-built for AI use cases, will initially have 100 MW of IT capacity with the potential to scale up to 300 MW. The project is part of CoreWeave's broader strategy to expand its U.S. data center footprint and meet the growing demand for high-performance AI computing [1].

The data center, co-developed by Chirisa Technology Parks and Machine Investment Group, will be the sole tenant of the site. The construction phase is expected to create around 600 skilled jobs, with an initial 70 full-time technical and operational roles at launch, scaling to 175 over time. CoreWeave's CEO, Michael Intrator, stated, "The demand for high-performance AI compute is relentless, and CoreWeave is scaling a cloud purpose-built for AI to meet it and strengthen US leadership" [1].

This announcement follows CoreWeave's recent acquisition of data center developer Core Scientific for approximately $9 billion, which will see CoreWeave take charge of approximately 1.3 GW of power across Core Scientific’s national data center footprint. The deal is expected to close in the fourth quarter of 2025, subject to regulatory and stockholder approvals [1].

CoreWeave's stock has seen significant growth since its IPO in March, with shares opening at $39 and rising to a record high of $183.58 after Cisco disclosed a stake of over 1 million shares. The company's commitment to investing in AI infrastructure is likely to continue driving growth and innovation in the sector [1].

References:
[1] https://www.ainvest.com/news/coreweave-unveils-6b-plan-ai-data-center-lancaster-pennsylvania-2507/
[2] https://www.datacenterdynamics.com/en/news/coreweave-plans-6bn-data-center-in-lancaster-pennsylvania/
[3] https://www.rcrwireless.com/20250716/ai-infrastructure/coreweave-ai-data
[4] https://economictimes.indiatimes.com/tech/artificial-intelligence/coreweave-commits-6-billion-to-ai-data-center-in-pennsylvania/articleshow/122500019.cms
[5] https://www.cnbc.com/2025/07/15/coreweave-stock-ai-data-center.html