Global Scans · Construction · Weekly Summary

WHAT'S NEXT?: 65 per cent of global construction growth for the next decade will happen in emerging markets. Smart cities, sustainable construction, greater urbanization and pre-fabricated buildings will all play their part in future construction growth.

• [New] Big Tech's AI spending is only set to surge through the end of 2024 and into 2025, with management teams reiterating the need to invest more to meet demand and build out AI infrastructure. IO Fund
• [New] The new packaging site will be supplied with renewable hydrogen from the Air Liquide Normand'Hy electrolyzer with a capacity of 200 MW currently under construction. HydrogenWire
• [New] The Canada Infrastructure Bank was set up and is designed to provide an opportunity to accelerate much-needed construction for Canada's infrastructure, which had been neglected for far too long. SenCanada
• [New] Great British Nuclear is to award £1.8bn worth of contracts to construction companies to help prepare sites for small modular reactor (SMR) nuclear power plants in 2025. no2nuclearpower
• [New] EVERETT - The Boeing Company will build 15 additional KC-46A Pegasus tankers under a Lot 11 contract award from the U.S. Air Force valued at $2.38 billion. Lynnwood Times
• [New] UK-based Moltex Energy will build a demonstration SSR-W at the Point Lepreau nuclear power plant site in Canada under an agreement signed with the New Brunswick Energy Solutions Corporation and NB Power. World Nuclear News
• [New] A one-hop service from the US would create the potential for Cairns to be the first port of arrival for more North Americans and help to build their average length of stay. NEWSPORT DAILY
• [New] USDOT's 2024-2027 Climate Adaptation Plan focuses on building resilient infrastructure, integrating climate risk into operations and promoting environmental justice through targeted investments. Global Railway Review
• [New] Projects include cutting-edge 2 nm fabs in Taiwan and a second plant in Japan's Kumamoto region, which is set for construction in 2025. Benzinga
• [New] The contract chipmaker plans to build over ten new semiconductor facilities globally by 2025, ramping up advanced production capacity. Benzinga
• [New] Gates-backed TerraPower LLC began construction in 2024 on an advanced nuclear fission plant at a coal plant in Wyoming that's set to retire in 2025, and Type One Energy Group Inc. announced in February plans to build a fusion facility at an old coal site in Tennessee. Energy Connects
• [New] Steady Energy - Finnish developer of the LDR-50 small modular reactor - has signed a letter of intent with municipal energy company Kuopion Energia that includes an option for the construction of up to five district heating reactors starting in 2030. World Nuclear News
• [New] The declining number of building permits points to a further decrease in residential construction in 2025 but improving financing conditions are expected to eventually lead to a slight rebound in 2026. Economy and Finance
• [New] Technology recently approved for use in Australia could allow battery-powered cars to play a crucial role in storing renewable energy, feeding it back into networks and reducing the need to build infrastructure. The Driven
• [New] The new Enel-Ansaldo-Leonardo endeavour and the deep pockets of its backers could put additional pressure on other small modular reactor (SMR) startups that have struggled to build power plants. TechCrunch
• [New] Japan has set ambitions of building up to 45 GW of offshore wind capacity by 2040, up from less than 1 GW today. AOL
• [New] The under-construction coal capacity will replace two existing units at coal plants in Kazakhstan, a 130 MW unit at the Karaganda State Regional power station-2, and a 65 MW unit at the Ust-Kamenogorsk TETS power station. Global Energy Monitor
• [New] An additional 4.8 GW of hydropower capacity is under construction but mostly comprises two large projects that will not contribute to power generation before 2030. Global Energy Monitor
• [New] Kenya now has a unique opportunity to build a workforce equipped to support AALTO Port operations. Africa Renewal
• [New] China and Japan have succeeded in threading new high-speed railways through some of the world's most densely populated megacities for far less than it will cost Britain to build the 140 miles of track between London and the central English city of Birmingham. CNN
• [New] Today's final agreement with TSMC - the world's leading manufacturer of advanced semiconductors - will spur $65 billion dollars of private investment to build three state-of-the-art facilities in Arizona and create tens of thousands of jobs by the end of the decade. U.S. Department of Commerce
• [New] OpenAI will use Broadcom to build inference chips, which are expected to experience greater demand than training chips in the years ahead as AI applications are deployed. Global X ETFs
• [New] In the commodity space, oil is under further pressure as broadly slower global growth undermines demand while prospects of the Trump administration fostering significant additional drilling opportunities helps build the supply side. fxpoetry

Last updated: 27 November 2024