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Cyprus Charges Ahead with Large-Scale Battery System: A New Era for Energy Storage

In an ambitious move towards a sustainable energy future, Cyprus is set to operationalize its first large-scale electricity storage system within the next 16 months. This landmark project, unveiled by Energy Minister George Papanastasiou at the Green Agenda Cyprus Summit in Nicosia, addresses the critical bottleneck in renewable energy expansion—energy storage.

The minister emphasized, “The future lies in storage, with chemical batteries being the immediate solution.” Current plans by the Electricity Authority of Cyprus (EAC) involve installing storage systems at Dhekelia and Moni power plants, projected to stabilize the grid significantly. This endeavor is part of a broader strategy to enhance efficiency and reduce energy waste.

Looking ahead, Cyprus eyes potential growth in renewable energy capacity, aspiring to evolve from its 1 GW production towards hosting up to 2.5 GW. A critical factor for success will be establishing robust international energy links, as echoed in the minister’s call for a strategic focus on electricity and grid connectivity.

The transition won’t solely rely on renewables; a mix of solar power and natural gas is slated for the short term, with an eye on full electrification and European interconnection. As part of this energy transition journey, the EU aims for a complete green shift by 2050.

The EAC is fast-tracking its energy storage plans, which dovetail with Cyprus’s ambitions to cut emissions by 20–25% by 2030, an essential pivot in meeting broader climate goals.

Mirendil Signs $100 Million Google Cloud Deal To Advance Self-Improving AI

AI startup Mirendil has signed a multi-year agreement worth more than $100 million with Google Cloud to secure computing infrastructure for its self-improving AI research.

The partnership reflects growing competition among AI companies to lock in access to high-performance computing, while cloud providers race to attract promising startups developing next-generation AI models.

Backing The Next Stage Of AI Research

Mirendil plans to use Google’s Tensor Processing Units (TPUs), Nvidia GPUs and managed training infrastructure to develop AI systems capable of improving their own performance over time.

Known as recursive self-improvement, the concept focuses on building AI that can refine its knowledge and capabilities with minimal human intervention. The technology is attracting growing interest across the industry, with several startups and leading AI labs exploring similar approaches.

According to co-founder and Chief Executive Behnam Neyshabur, the long-term goal is to develop AI that can automate scientific research and accelerate discoveries in fields such as medicine, biology and materials science.

Compute Capacity Becomes A Strategic Asset

Training increasingly advanced AI models requires enormous computing resources, making long-term infrastructure agreements a critical competitive advantage.

Mirendil said Google’s combination of TPUs and GPUs allows workloads to be matched with the most suitable hardware, improving efficiency while reducing costs for customers.

For Google Cloud, the agreement strengthens its position in the race to provide infrastructure for frontier AI developers, while giving the company exposure to one of the industry’s emerging approaches to next-generation artificial intelligence.

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