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Magma Power LLC Is Granted Its 17th U.S. Patent On Revolutionary Green Baseload Energy Source As Talks Advance To Build $20 Billion AI Data Center

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Magma Power is Inevitable. It’s not a question of if magma power will power the Earth – but when.

NEW YORK, Jan. 17, 2025 /PRNewswire/ — Magma Power LLC, a global developer and licensor of Magma Power™ technology, proudly announces that is has been granted its 17th U.S. Patent on its revolutionary magma power technology.

“Our discussions are continuing to advance to use Magma Power™ technology to build the world’s largest AI data center powered entirely by renewable energy,” says Richard McDonald, Chief Strategy Officer of Magma Power, LLC.

Magma Power, LLC says the AI data center, to be developed by Magma Power’s global consortium partners, would consume 10 gigawatts of power directly sourced from magma reservoirs. The total investment is expected to be over $20 billion.

“The power demand from AI is insatiable and Magma Power™ is the answer for renewable, baseload, and virtually unlimited power,” McDonald says. 

Goldman Sachs estimates that by 2030 data center power demand will be over 1,000 terra-watt hours (TWh). This equates to over 80 gigawatts of installed power. “Our magma-powered AI data center could meet over 10 percent of the global AI power demand by 2030,” McDonald says, “all without emitting a single molecule of carbon or burning a single ounce of fossil fuels.”

“Wind, solar, and nuclear all have significant drawbacks when it comes to providing the low-cost baseload renewable power that Magma Power™ provides,” says McDonald. “Wind and solar do not provide the baseload power that is required to run a data center. And Magma power has none of the long-term environmental impacts of nuclear power,” McDonald says.

Magma Power, LLC’s 17th U.S. patent covers a proprietary system designed to safely and efficiently extract geothermal energy from magma reservoirs. This cutting-edge technology represents a significant leap forward in sustainable energy solutions, enabling the formation and maintenance of underground magma chambers for scalable energy production.

The patented system incorporates advanced technologies, including boreholes that reach magma reservoirs, a specially designed underground chamber formed within the magma, and heat transfer fluids such as molten salts or brine. The energy extracted is ideal for electricity generation, industrial processes, agriculture, and more.

“This patent represents a historic step forward in our mission to harness the Earth’s untapped energy potential,” said Levi Conner, CEO of Magma Power. “It not only showcases the ingenuity of our team but also highlights Magma Power’s leadership in geothermal innovation. This technology will play a key role in transitioning the world to cleaner and more sustainable energy solutions.”

Patent Claims

The issued patent includes the following claims:

System Claims

A geothermal system, comprising:A borehole extending between a surface and an underground chamber;The underground chamber comprising a cavity formed in an underground reservoir of magma;A fluid pump configured to provide a flow of heat transfer fluid into the underground chamber;A fluid conduit extending from the surface toward the underground chamber, configured to allow the flow of heat transfer fluid between the underground chamber and the surface.The geothermal system wherein at least a portion of an internal surface of the underground chamber comprises hardened magma.The geothermal system wherein at least a portion of an internal surface of the underground chamber comprises magma.The geothermal system wherein the heat transfer fluid is a molten salt.The geothermal system wherein a pressure provided to the underground chamber maintains the cavity within the underground reservoir of magma.The geothermal system wherein the cavity is formed by supplying a pressurized fluid into the underground reservoir of magma.The geothermal system further comprising a casing disposed within the borehole and extending no farther than the ceiling of the underground reservoir of magma.The geothermal system wherein the heat transfer fluid comprises one or more of: water, a brine solution, one or more refrigerants, and one or more thermal oils.The geothermal system wherein the heat transfer fluid comprises one or more of a molten salt, an ionic liquid, and a nanofluid.The geothermal system wherein the fluid conduit is further coupled to a thermal process subsystem, including one or more of: turbines, reaction vessels, condensers, a water distillation system, a heat-driven chilling apparatus, a residential heating system, an agricultural system, and an aquaculture system.The geothermal system wherein at least a portion of the heat transfer fluid conveyed to the thermal process subsystem is returned to the underground chamber.The geothermal system wherein the fluid conduit comprises an insulation layer.The geothermal system wherein the fluid pump is configured to provide a flow of the heat transfer fluid at a pressure, flow rate, or both that maintains the cavity formed in the underground reservoir of magma.

Method Claims

     14. A method of operating a geothermal system, comprising:

Providing a heat transfer fluid down a wellbore extending from a surface and into an underground chamber comprising a cavity formed in an underground reservoir of magma;Receiving heated heat transfer fluid from the wellbore;Providing the heated heat transfer fluid to a thermal process.

     15. The method further comprising providing the heat transfer fluid to the wellbore at a pressure, flow rate, or both that maintains the cavity formed in the underground reservoir of magma.
     16. The method wherein:

The heat transfer fluid provided down the wellbore comprises liquid water, and the heated heat transfer fluid received comprises steam;Providing the heated heat transfer fluid to the thermal process comprises operating at least one turbine with the steam to generate electricity.

Additional System and Wellbore Preparation Claims

     17. A geothermal system comprising:

A fluid pump configured to provide a flow of heat transfer fluid through a wellbore from a surface and into an underground chamber comprising a cavity formed in an underground reservoir of magma;A fluid conduit configured to allow flow of heat transfer fluid heated in the underground chamber toward the surface.

     18. The geothermal system wherein the fluid pump is configured to provide the flow of the heat transfer fluid at a pressure, flow rate, or both that maintains the cavity formed in the underground reservoir of magma.
     19. The geothermal system wherein the fluid conduit comprises an insulation layer.
     20. The geothermal system wherein the heat transfer fluid comprises one or more of: water, brine, refrigerants, thermal oils, molten salt, ionic liquid, and nanofluid.
     21. A method of forming a geothermal wellbore, comprising:

Drilling a borehole from the surface to expose magma in an underground reservoir of magma;Providing a fluid conduit in the borehole;Injecting fluid to displace magma and form a chamber comprising a cavity within the reservoir.

     22. The method further comprising allowing a hardened magma surface to form around the cavity.
     23. The method further comprising separating a lower portion of the borehole from an upper portion for pressurization.

Leadership Quotes

Richard McDonald, Chief Strategy Officer, emphasized: “This patent demonstrates Magma Power’s commitment to innovation and leadership in renewable energy. It’s not just about technology—it’s about creating lasting solutions to global challenges.”

KC Conner, the inventor and founder of Magma Power, added: “This patent reflects years of dedication and vision. By using the Earth’s magma, we’re unlocking a sustainable, untapped resource with the potential to transform the energy landscape.”

Pioneering Global Energy Solutions

Magma Power LLC is now in advanced discussions with governments, land developers, power plant engineering firms, and a well-known and respected drilling company to implement its groundbreaking Magma Power™ technology in a $20 billion project to develop the world’s largest AI data center powered entirely by renewable energy.

“The level of interest and collaboration we’re seeing from these partners highlights the transformative potential of Magma Power™,” said McDonald. “This AI data center is designed to consume 10 gigawatts of baseload power sourced directly from magma reservoirs, addressing the insatiable demand for sustainable energy in the AI sector.”

McDonald further emphasized the comparative advantages of Magma Power™: “Wind and solar face significant limitations in delivering low-cost baseload power for critical infrastructure like data centers, and nuclear comes with long-term environmental challenges. Magma Power™ is the sustainable, scalable solution the world needs.”

This breakthrough comes on the heels of Magma Power’s newly issued patent, which ensures the scalability and reliability of such ambitious projects, providing a renewable energy source capable of meeting global demands.

About Magma Power LLC:

Magma Power LLC, (visit MagmaPower.com) with headquarters in Tampa, Florida, with additional offices in New York City and Houston, is a pioneering energy technology company dedicated to developing cutting-edge solutions for harnessing renewable energy. Magma Power, LLC has secured fourteen worldwide patents covering all aspects of the production of green energy, energy-intensive manufacturing, green fuels, and other products using Magma Power™. Magma Power LLC has also filed an additional forty-six global patents covering all aspects of magma power production, with over 1,000 patent claims pending related to this revolutionary new green energy source. Magma power is a virtually unlimited source of green, renewable, baseload energy that U.S. government researchers in the 1970s, including those at Sandia National Laboratories, concluded could meet the Earth’s energy needs for the next several thousand years. The work of Magma Power LLC has taken the initial insights from the Sandia Labs test and developed them into robust, patent-protected technology ready for commercial deployment. Given the inability of wind and solar to provide stable baseload renewable power, there is no long-term alternative to magma power for renewable energy. Magma Power is Inevitable. It’s not a question of if magma power will power the Earth – but when. Energy is civilization, and the next several thousand years of civilization will be driven by Magma Power™.

For media inquiries, please contact:

Richard McDonald

Chief Strategy Officer

rmcdonald@magmapower.com

View original content:https://www.prnewswire.com/news-releases/magma-power-llc-is-granted-its-17th-us-patent-on-revolutionary-green-baseload-energy-source-as-talks-advance-to-build-20-billion-ai-data-center-302354388.html

SOURCE Magma Power

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Best Accounting Software for Medium-Sized Business UK (2026): QuickBooks Advanced Recognised as a Scalable Finance Platform for UK Mid-Market Businesses by Consumer365

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NEW YORK, May 9, 2026 /PRNewswire/ — As demand for scalable financial tools grows, attention is shifting towards the best accounting software for medium-sized businesses in the UK in 2026, as organisations face increasingly complex accounting requirements. Consumer365 has recognised QuickBooks as a cloud-based platform supporting more structured financial management, reflecting a wider focus on improving automation, visibility, and compliance readiness.

Best Accounting Software for Medium-Sized Business UK

QuickBooks – developed as a cloud-based accounting platform, it enables medium-sized businesses to manage financial operations, automate core accounting processes, and maintain compliance with UK regulatory requirements.

Growing Demand for Scalable Financial Systems in the UK Mid-Market

Medium-sized businesses in the UK are operating in an environment where financial management is becoming increasingly complex. Growth introduces additional reporting layers, heightened regulatory expectations, and the need for consistent financial oversight across departments.

Traditional accounting methods are often no longer sufficient under these conditions. Spreadsheet-based systems and entry-level tools can struggle to deliver accurate, timely insights. This creates visibility gaps that can impact planning and decision-making.

QuickBooks has been identified within this context as a platform designed to support more structured financial management. Its positioning reflects a broader shift towards systems that centralise financial data and reduce fragmentation across business operations.

QuickBooks Positioned as a Scalable Financial Platform

QuickBooks operates as a cloud-based accounting system developed by Intuit. It is designed to support businesses that require more than basic bookkeeping functionality, focusing on helping organisations manage financial processes in a more connected and scalable way.

A key aspect of its design is the ability to consolidate financial information within a single system. This allows businesses to manage invoicing, expenses, reporting, and cash flow tracking without relying on multiple disconnected tools.

The platform is also structured to support growth. As businesses expand, financial operations often become more distributed across teams. QuickBooks enables multiple users to work within the same system while maintaining structured access controls, helping ensure consistency and oversight as complexity increases.

Financial Visibility, Automation, and Operational Control

One of the central functions of QuickBooks is improving financial visibility across business operations. Real-time data access allows organisations to monitor cash flow, expenses, and overall financial performance without waiting for end-of-period reporting cycles.

Automation plays a significant role in reducing manual workload. Financial processes such as invoicing, transaction categorisation, and expense tracking can be streamlined, reducing reliance on repetitive manual input and supporting more consistent financial records.

Operational control is reinforced through structured user permissions. Businesses can assign access levels based on roles, ensuring financial data is managed securely while still enabling collaboration across departments. This structure is particularly relevant for medium-sized organisations where multiple teams interact with financial systems.

Integration, Compliance, and System Connectivity

QuickBooks is designed to integrate with a range of business tools commonly used by UK organisations. These include payroll systems, customer relationship management platforms, and other operational software. This level of connectivity helps ensure that financial data remains consistent across systems.

Compliance is also a core part of the platform’s structure. UK businesses must meet specific regulatory requirements, including VAT reporting and Making Tax Digital standards. QuickBooks includes features that support these obligations within the system, reducing the need for manual compliance processes.

By aligning financial reporting with regulatory standards, the platform helps organisations maintain accurate records while reducing the administrative burden associated with tax and compliance requirements.

Operational Impact and Long-Term Financial Structure

As businesses grow, financial systems often become central to overall operational structure. Decisions related to hiring, investment, and expansion rely on access to accurate and timely financial data. Systems that lack integration or real-time visibility can slow decision-making and introduce inefficiencies.

QuickBooks supports a more structured approach by centralising financial information. This reduces fragmentation and helps ensure consistency across the organisation. It also supports continuity, minimising the need for frequent system changes as businesses scale.

The platform is designed to adapt to increasing complexity over time. As transaction volumes grow and reporting requirements expand, it remains stable while accommodating additional users and workflows.

This approach aligns with the needs of medium-sized businesses transitioning from smaller-scale operations to more advanced financial environments.

Market Context and Financial Management Trends

The recognition of QuickBooks reflects broader developments in financial technology adoption among UK medium-sized businesses. Organisations are increasingly prioritising systems that improve efficiency while reducing operational complexity.

Financial management is no longer limited to recordkeeping. It has become a core business function that influences strategic planning and overall performance. As a result, platforms that provide integrated financial oversight are becoming more relevant across a wide range of industries.

QuickBooks fits within this shift by offering a system that combines core accounting functionality with workflow automation and reporting capabilities. This supports businesses that require both day-to-day financial management and longer-term planning tools.

The emphasis on scalability also reflects changing expectations in the mid-market sector. Businesses are seeking platforms that can grow with them, rather than systems that need to be replaced as operational requirements evolve.

Conclusion

Consumer365 has recognised QuickBooks as a relevant financial platform for medium-sized businesses operating in the UK in 2026. The recognition highlights its focus on scalability, financial visibility, and structured operational control.

The platform is positioned to support organisations as they move beyond basic accounting systems and adopt more integrated financial management structures. Its emphasis on automation, compliance support, and system connectivity aligns with the operational needs of growing businesses.

As financial complexity continues to increase across the mid-market sector, tools that centralise financial data and support real-time decision-making are becoming more widely adopted. QuickBooks represents one of the platforms contributing to this shift towards more structured financial management approaches.

To read the full review, please visit the Consumer365 website.

About Intuit

Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.

About Consumer365.org: Consumer365 provides consumer news and industry insights. As an affiliate, Consumer365 may earn commissions from sales generated using links provided.

Disclaimer

Where AI content is used: This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, functionality are subject to change without notice.

General content disclaimer: This information is provided free of charge and is intended to be helpful to a wide range of businesses. Because of its general nature the information cannot be taken as comprehensive and they do not constitute and should never be used as a substitute for legal, accounting, tax or professional advice. Intuit cannot guarantee that the information applies to the individual circumstances of your business. Despite our best efforts it is possible that some information may be out of date.

Any reliance you place on information found on this site or linked to on other websites will be at your own risk. You should consider seeking the advice of independent advisers and should always check your decisions against your normal business methods and best practice in your field of business.

 

View original content:https://www.prnewswire.com/news-releases/best-accounting-software-for-medium-sized-business-uk-2026-quickbooks-advanced-recognised-as-a-scalable-finance-platform-for-uk-mid-market-businesses-by-consumer365-302766759.html

SOURCE Consumer365.org

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BOE continues to launch new products and solutions in the field of high-end displays

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LOS ANGELES, May 9, 2026 /PRNewswire/ — 

1、Redefine Visual Experience with Scientific Standards! BOE Releases Core Research Findings on OLED Display Clarity-Legibility Index, Paving the Way for the Industry’s First Transparent Pro Standard to Deliver Supreme Visual Experience

With the rapid popularization of OLED display technology, basic screen indicators including resolution, color gamut and brightness keep improving. Meanwhile, display transparency — a core experience metric that determines visual comfort , image authenticity and premium visual quality — has drawn growing attention across the industry.

Recently, BOE has empowered the launch of the industry’s first flagship high-transparency OLED display panel, setting an industry-leading benchmark in four key dimensions: color, depth , clarity and dynamic range. It ushers high-end display into a new era, shifting from purely numerical technical specifications to ultimate user-centric visual experience.

In addition, BOE officially unveiled its in-depth research achievements on OLED display transparency. It has identified the core underlying factors affecting visual transparency through scientific research, pioneered the industry’s first display transparency index formula, and facilitated the release of the first authoritative evaluation standard for OLED display transparency. This marks an industry’s transformation from specs-oriented to experience-driven development. This marks a full-process breakthrough covering underlying technical analysis, scientifically guided image quality development and mass production application.

At present, the group standard 《Standard of Associations Organic light emitting diode display —Evaluation method for display clarity》, led and formulated by BOE based on relevant research outcomes, has been officially issued. As the world’s first dedicated evaluation standard focusing on OLED display transparency, it fills the long-standing industry gap in correlating subjective visual perception with objective image quality parameters.

Leveraging this standard and transparency research results, BOE has assisted partners in developing the industry’s first flagship high-transparency OLED screen. The company has built a comprehensive technical system for OLED visual transparency. Supported by cutting-edge technologies such as tandem, LTPO and high-precision Demura crosstalk optimization algorithms, BOE and its partners have carried out full-link optimization from display panels to end devices.

Going forward, BOE will continue to deepen research on display human factors engineering and visual experience. Through technological innovation and standard leadership, it will bring more ultimate, high-transparency premium display experiences to users worldwide.

2、BOE Beneficial “Natural” Light Technology (BNL): Solving Visual Health Pain Points and Leading the Display Industry Trend

In an era of ubiquitous displays, users are spending increasingly longer hours on screens. Nevertheless, the luminous properties of conventional displays poorly align with the human visual system, sparking widespread consumer concerns over visual health. To address such challenges, BOE draws inspiration from natural light. By deeply analyzing natural light and extracting beneficial features highly consistent with health and comfort, BOE established the Beneficial “Natural” Light Technology (BNL) architecture. Evolving from single technical upgrades to a systematic solution, BNL replicates the merits of natural light across four core dimensions: Depolarization Adjustment, Spectrum Optimization, Light Profile Optimization and Time-varying Adaptation, advancing display technology toward healthy viewing.

BNL & Visual Health

Depolarization Adjustment: The linearly polarized light of traditional displays causes targeted stimulation to retinal lutein, resulting in dry eyes, eyelid redness and other discomforts. Based on the mainstream Circular Polarization (QWP) solution, BOE BNL has developed a series of technologies like BSF/RDF Random Depolarization technology and un-Polarization,which convert linearly polarized light into randomly polarized light, enabling balanced lutein utilization across the entire visual field, and deliver natural-light-level eye protection.

Spectrum Optimization: Conventional narrow-band RGB spectra feature poor continuity and imbalanced energy distribution, with excessive high-energy blue light that induces eye strain and increases risks of macular damage. Beyond Low Blue Light solutions, BOE BNL has developed Natural-like Spectrum, Beneficial Red Light, Infrared Light and Circadian Rhythm technologies. Multiple clinical studies have verified that Beneficial Red Light and Infrared Light can effectively inhibit axial elongation and accelerate eye microcirculation.  BOE takes the lead in integrating such optics into displays,achieving a spectral distribution matching degree of over 60%, an energy ratio of Beneficial Red Light (650–670 nm) exceeding 50%, and independent on/off switching and energy adjustment of Infrared Light. Meanwhile, Circadian Rhythm technology regulates melatonin secretion to safeguard sleep quality. Shifting from passive harm reduction to active eye benefits, BOE BNL delivers all-round visual health protection.

Light Profile Optimization: Conventional screens are prone to surface reflection and glare, which interfere with visual recognition and cause cumulative eye fatigue. Powered by industry-leading Anti-Glare, Low Reflection and Wide Viewing Angle technologies, BOE BNL accurately simulates the diffuse reflection of natural light to deliver consistent visual comfort across diverse viewing angles. For instance, BOE UB Cell technology achieves a DGR value below 5 with negligible glare and reflection, ensuring sustained visual comfort.

Time-varying Adaptation: Conventional displays tend to produce low-frequency flicker and fixed brightness and color temperature that fail to adapt to ambient changes, forcing frequent eye muscle adjustments and leading to discomfort. By adopting Flicker Free and Light Self-adaptive technologies, BOE BNL delivers stable, ultra-smooth visuals that replicate the comfort of natural light.

SID 2026: BOE Launches New BNL Display Products

At SID Display Week 2026, BOE launched new BNL health display products. The highlight product is the industry’s first 13.8-inch BNL health display tablet. It integrates all four core dimensions,supported by 7 core BNL technologies, to deliver a healthy and comfortable visual experience.

As a global leader in the display industry, BOE has led the development and officially issued the world’s first “Natural Light” display standard via the Zhongguancun Standardization Association,and has jointly issued the White Paper on Natural Light Display Technologies (Engineering Considerations, Application Value and Challenges) with TÜV Rheinland to drive standardized and high-quality industrial development. In the future, BOE will continue to iterate on technologies, diversify product forms and application scenarios, advance the grading standards for Beneficial “Natural” Light displays, and protect users’ visual health.

View original content to download multimedia:https://www.prnewswire.com/news-releases/boe-continues-to-launch-new-products-and-solutions-in-the-field-of-high-end-displays-302767491.html

SOURCE BOE Technology Group Co., Ltd.

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BitradeX BXC First Two Subscription Rounds Sell Out, Total Subscriptions Exceed 14M USDT

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LONDON, May 9, 2026 /PRNewswire/ — BitradeX Capital’s ecosystem equity token, BXC, has completed its first and second subscription rounds, selling a total of 50 million BXC with subscriptions exceeding 14 million USDT. The first round sold out in 90 seconds, while the second closed within 48 hours.

While the fundraising size is not unusually large by crypto standards, the structure of the sale has attracted market attention. The first two rounds were not open to the public, but limited to high-tier BitradeX users. The first round was available only to V5 users and above, while the second round expanded access to V3 users and above.

According to BitradeX’s tier system, V3+ users typically have higher recurring investment activity through AiBot, longer platform usage history, and stronger ecosystem participation. This means the early BXC allocation was absorbed mainly by the platform’s internal high-value user base, rather than short-term speculative participants.

This approach differs from many token fundraising campaigns that prioritize broad public participation and market hype. BitradeX instead adopted a more selective, staged model, gradually lowering the participation threshold while keeping the sale within its active ecosystem community.

BXC is positioned as more than a standard platform token. Its value framework is linked to BitradeX Capital’s broader ecosystem, including its exchange business, AiBot quantitative strategies, BTX Card payments, and Labs incubation platform. Public information indicates that BXC holders may receive staking rewards, benefit from ecosystem buybacks and burns, and gain priority access to Launchpad projects and governance participation.

The third subscription round is launched on April 30 at $0.35 USDT per BXC, with a total supply of 100 million BXC. It is now open to users participating in AiBot recurring investment. The fourth round price is expected to rise to $0.45 USDT.

The long-term value of BXC will ultimately depend on the growth of BitradeX’s underlying businesses, including exchange profitability, AiBot user expansion, and BTX Card adoption. However, the rapid sellout of the first two rounds suggests that BitradeX’s core user base has already shown strong confidence in the ecosystem’s future.

View original content:https://www.prnewswire.com/news-releases/bitradex-bxc-first-two-subscription-rounds-sell-out-total-subscriptions-exceed-14m-usdt-302767467.html

SOURCE BitradeX Capital

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