IBM Develops New Optical Chip for Data Centers

This week, IBM unveiled a new optical chip designed to enhance fiberoptic connectivity within data centers, potentially reducing energy consumption for AI applications significantly. Separately, the battery energy storage systems (BESS) market is projected to grow at a 30.5% CAGR until 2035, driven by the need for renewable energy integration and efficiency improvements. Meanwhile, the University of Victoria aims to replace its natural gas boilers with electric ones powered by hydroelectric energy in a bid to cut carbon emissions by 50% by 2030. In China, research indicates that optimizing energy systems in industrial parks using hybrid energy storage can lead to substantial economic and environmental benefits. Additionally, startups like Electrified Thermal Solutions are innovating in industrial heating by developing thermal batteries that utilize renewable energy, potentially transforming the sector's reliance on fossil fuels. These developments highlight a global push towards sustainable energy solutions across various industries.