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Stock impact report

EPA closes loophole that cloud slow xAI's rapid expansion in Memphis area [CNBC]

Solaris Energy Infrastructure, Inc. Class A (SEI) 
Company Research Source: CNBC
The updated rule says companies must obtain Clean Air Act permits to operate turbines and can no longer treat them as temporary, “non-road engines.” XAI's use of natural gas-burning turbines worsened air pollution in Memphis last year, researchers with the University of Tennessee in Knoxville found. Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images The Environmental Protection Agency closed a loophole this week that Elon Musk's xAI had exploited to rapidly stand up its first data center in Memphis, Tennessee. Musk's artificial intelligence startup created a kind of off-grid power plant for its Colossus facility by using a cluster of gas-burning turbines. The company was able to avoid air pollution permitting by classifying the turbines, which were mounted on trailers, as “non-road engines.” The EPA's updated rule clarifies that those kinds of turbines can't be designated as non-road engines and companies must also obtain Clean Air Act permits before installi Show less Read more
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