Terrapinn acquires FMS: the Future of Memory and Storage

Posted by Harry Baldock | Press Release, LONDON, UNITED KINGDOM – Terrapinn, the global events company, is delighted to announce the acquisition of FMS: the Future of Memory and Storage from Conference Concepts Inc. FMS is widely regarded as the world’s most important and credible event dedicated to memory and storage technologies.

Held annually in Santa Clara, California, FMS has spent two decades as the essential meeting point for the global memory ecosystem – from leading semiconductor manufacturers to system architects and hyper-scalers. The acquisition comes at a pivotal moment as the industry faces an “unprecedented mismatch” in supply and demand, driven by the rapid expansion of artificial intelligence (AI) and the surge in demand for High-Bandwidth Memory (HBM).

“We are absolutely delighted to announce the acquisition of Future of Memory and Storage,” said Terrapinn CEO Greg Hitchen. “FMS is a significant addition to our global portfolio of technology events. We look forward to serving the memory and storage industry and will ensure that the technical excellence and authority of FMS is maintained, and then surpassed, as we invest in its next phase of global growth”.

FMS was created and nurtured by Lance Leventhal and Chip Stockton, principals of Conference Concepts Inc, growing it from its roots as the Flash Memory Summit into an all-encompassing industry showcase.

Chip Stockton, President of Conference Concepts Inc, said: “We have created a really important event for the memory and storage community and have carefully nurtured it over many years. But we now feel it is the right time to pass it on to a larger company for its next phase of growth. We are really impressed by Terrapinn’s commitment to the sector and are sure they are the right fit to take FMS forward while ensuring a seamless transition for all our customers and stakeholders”.

The 20th-anniversary edition, FMS 2026, is scheduled for August 4–6, 2026, at the Santa Clara Convention Center. The event will feature a multi-stream conference, a large-scale global exhibition, and a Technical Pro Series focused on the infrastructure enabling the next generation of AI, data centers, and automotive applications.

Conference Concepts Inc was represented by John McGovern of Grimes, McGovern and Associates.

Terrapinn would like to thank Chip Stockton, John McGovern, our advisers and team.

About Terrapinn: Terrapinn is a global events company with businesses in the USA, Australia, Asia, Europe, the Middle East, and Africa. www.terrapinn.com

About Conference Concepts Inc: Founded in 1994, Conference Concepts is a professional conference management company focused on cutting-edge technologies and high-growth technical events.For further information please contact: rob.chambers@totaltele.com Terrapinn acquires FMS: the Future of Memory and Storage - Total Telecom

Read More........ → March 10, 2026

UK’s First Geothermal Power Plant Begins Using Underground Heat to Power 10K Homes

The United Downs plant in Cornwall – credit, Thomas Frost Photography / Geothermal Engineering Limited © SWNS

The UK’s first geothermal power plant has just begun operations, using hot water from deep underground to create renewable electricity.

The United Downs plant in Cornwall has been in development for nearly two decades, and will now begin providing enough electricity to power 10,000 homes.

Geothermal power generation comes via energy stored in the form of heat beneath the surface of the Earth. The company behind the project, (GEL) Geothermal Engineering Ltd., had to drill the deepest on-shore well ever drilled on UK soil—over 3 miles deep—to source the geothermal fluid that is used for the power plant.

The naturally heated water, exceeding 190°C, generates electricity 24 hours a day, 7 days a week regardless of the weather.

The water will help drive turbines to generate electricity for 10,000 homes but will also provide the UK’s first domestic supply of lithium, a critical mineral used in green technology.

Dr. Ryan Law, CEO of GEL, said the opening of the power plant is a “huge advancement for geothermal power in the UK.”

“Geothermal energy and critical minerals extraction are naturally complementary as they share the same subsurface resource,” Dr. Law explained. “The hot, mineral-rich fluids that generate clean electricity can also be processed to recover strategic materials like lithium carbonate.”

“Therefore, collocating power and mineral extraction plants maximizes investment in the wells, minimizes subsurface disruption, and accelerates the transition to secure domestic supply in both critical sectors.”

GEL have said the water they’ve brought to the surface after drilling contains one of the highest concentrations of lithium in the world.

Lithium carbonate is a key raw material used in the production of rechargeable batteries like those that power electric vehicles and energy storage systems. From its February, 2026 starting point, GEL says the plant has the capacity to produce 100 tons per annum.

Ground source heat pumps are a form of geothermal technology already used in the UK, and in places like Southampton, heating is provided to hundreds of homes via a local network. But the United Downs project has drilled to far greater depths where temperatures are hot enough to generate more than just heat, but actual electricity.

Furthermore, the project has only cost around $59 million to date, funded through private investors and the EU.

Energy provider Octopus Energy has purchased the power generated at United Downs and will deliver it, via the national grid, to about 10,000 homes.

GEL has two other sites it plans to develop into geothermal power plants, and although one additional site has been initially turned down over environmental concerns, the company is appealing.

Greg Jackson, Founder of Octopus Energy, said UK bills are “still too high” and the answer is “more homegrown, renewable energy.”

“For the first time, we’re bringing deep geothermal power to British homes—a clean, constant energy source right beneath our feet,” he said. “Projects like United Downs show how the UK can cut bills and carbon by tapping every ounce of our renewable potential.” UK’s First Geothermal Power Plant Begins Using Underground Heat to Power 10K Homes:

Read More........ → March 07, 2026