A new survey shows utilities are prioritizing grid modernization over digital transformation, with AI seen as a key enabler. However, a critical talent shortage threatens to derail these ambitions as the industry races to modernize aging infrastructure.
Propy has unveiled Agent Avery, an AI escrow officer designed to automate the entire real estate closing process. The company reportedly plans to acquire title firms nationwide and retrofit them with blockchain and AI technology, potentially revolutionizing how properties change hands.
In what analysts suggest could be a transformative moment for property transactions, Propy has launched what it describes as the first AI escrow officer capable of managing real estate closings. According to reports, the company is backing this innovation with a $100 million expansion plan targeting the fragmented U.S. title industry.
Household electricity costs have risen significantly faster than commercial and industrial rates over the past five years, according to new research. Analysts point to state energy policies and distributed solar adoption as key factors behind the diverging price trends.
Residential electricity prices have increased more rapidly than commercial and industrial rates over the past five years, according to reports from Lawrence Berkeley National Laboratory. Nationwide average residential prices jumped 27% to 16.5 cents/kWh between 2019 and 2024, while commercial and industrial prices both increased 19% to 12.8 cents/kWh and 8.1 cents/kWh respectively, the laboratory’s analysis found.
