Tag: Ceres

New Ceres report spotlights data centers’ biggest and least visible water use: the power that runs them

Stuart Mitchell

Most of the water data centers need is used beyond their four walls, at the power plants that keep the facilities operating. A new Ceres analysis released today, Water Behind the Watts: The Hidden Risk of Powering Data Centers, examines this largely overlooked water demand across seven states that together host about half of all U.S. data centers—Virginia, Texas, California, Illinois, Georgia, Ohio, and Arizona. In these states, water-intensive generation supplies much of the grid—and many of the plants supplying that power are in regions facing water stress or drought. …

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Ceres Announces New Additions to its Board of Directors and President’s Council

Stuart Mitchell

Ceres, a leading sustainability nonprofit, has strengthened its leadership board and advisory team with five new members to its Board of Directors and four to its President’s Council, the organization announced today.  The new Board members include:  Mark Levine, New York City Comptroller  Gina McCarthy, former U.S. EPA Administrator and National Climate Advisor to the White House  Rose McKinney-James, Managing Principal of Energy Works LLC and McKinney-James & Associates  Aniket Shah, Managing Director & Global Head of the Sustainability and Transition Strategy team at Jefferies Group LLC  David Young, former…

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New Ceres report finds that cleaner ironmaking holds the key to modernizing America’s steel industry

Stuart Mitchell

As the U.S. steel industry approaches a multi-billion-dollar reinvestment cycle, new analysis commissioned by Ceres finds that direct reduced iron (DRI), a proven technology in ironmaking, is the most attractive place for future investment. The report, Smarter, Leaner, Cleaner: Direct Reduced Iron and the Future of American Steel, finds that DRI is the lowest-cost, new-build ironmaking technology in the four major steel producing hubs studied: Minnesota’s Iron Range, the Gulf Coast, Pennsylvania, and Northern Indiana. Ceres convened more than 40 experts from the steel industry, financial institutions, and OEMs to…

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Ceres releases new guidance for investors to address risk in the electric power sector resulting from the expansion of data centers

Stuart Mitchell

The rapid buildout of data centers across the United States is requiring vast amounts of new electricity to fuel the AI boom. Data centers currently use 4% to 5% of U.S. electricity, and that percentage is only expected to grow. Data center developers need to power up quickly to stay competitive, but utilities face challenges meeting their timelines. The magnitude of this new demand, combined with how quickly data centers’ needs are met, presents considerable risk for electric power companies.  To help investors navigate these risks with power companies in…

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Ceres Urges SEC to Withdraw Proposal to Rescind Climate Disclosure Rules

Stuart Mitchell

Ceres recently submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) opposing the agency’s proposal to rescind its landmark 2024 climate-related disclosure rules.  Ceres’ letter argues that the rules, supported by mainstream investors and companies, fall well within the SEC’s statutory authority, and the benefits of standardized disclosure outweigh the potential costs. Read the full letter here.   “The corporate disclosure rules were put in place to support American investors in understanding how companies are managing climate risks and opportunities.  Rescinding the rules will leave investors in the dark…

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