Since when can failing to get a permit be considered force majeure?
Doesn't majeure specifically denote something large scale and out of anyone's control, such as a hurricane?
With the contracts that "One Rich Asshole Called Larry Ellison" jumped on its without a doubt Oracle going down second if not first.
He's just gambling because he's old and feeling bold.
It’s like if I see the EU announce a large investment in AI, always makes me nervous given how we are often late to the party
He's only 82, and he's got a billion-dollar nonprofit dedicated to keeping him healthy. Don't count on him being on the way out.
Investors who (rightfully) see this "force majeure" claim as bullshit will have to drag Oracle through court, and Oracle probably counts on this taking years to get settled.
> "Oracle signed a deal with solid oxide fuel cell (SOFC) developer Bloom last year for 1.8GW of power, expanding it to 2.8GW of capacity in April."
https://www.datacenterdynamics.com/en/news/new-mexico-regula...
https://en.wikipedia.org/wiki/Bloom_Energy
I was surprised to read we're already building fuel cell power plants on this scale (this is a first of its kind project—by far this startup's largest customer). I didn't realize the tech was that mature. Now I'm left wondering if they actually ever intended to, or whether this was some kind of circular financial-engineering vaporware.
Betelbuddy•1h ago