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US utilities grapple with Big Tech's massive power demands for data centers
Economic Times
·
3m ago
Medial
US utilities face challenges as Big Tech companies demand massive power capacity for new data centers driven by AI needs. Utilities have been approached with requests that exceed their current supply capacities, prompting billion-dollar investments in new infrastructure. Companies often solicit multiple bids, complicating demand predictions and planning. Rising construction costs and evolving AI technologies, which may require less power, add to the complexity. States like Pennsylvania are considering measures to better manage and understand these demands.
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US power companies increase data centre demand spending as DeepSeek fears wane
Economic Times
·
5m ago
Medial
US electric utilities are significantly increasing investments to boost power supplies and grid infrastructure, driven by rising energy demands from AI and cloud computing data centers. Companies like PPL Corp, Dominion, and Exelon have enhanced capital plans, reflecting the rapid growth in data center power consumption. Despite initial concerns over AI startup DeepSeek, utilities maintain strong demand projections, with large-scale data centers requiring extensive power. Utilities face regulatory challenges in balancing these investments and potential cost implications for consumers.
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Big Tech’s Latest Obsession Is Finding Enough Energy
Livemint
·
1y ago
Medial
The energy industry's flagship conference, CERAWeek by S&P Global, had a prominent focus on artificial intelligence (AI) this year. The conference highlighted AI's heavy power demands, with concerns that the exponential growth of data centers required to advance AI could strain the power grid and hinder the transition to cleaner energy sources. The issue at hand is how to meet the massive power requirements of AI while ensuring a move towards clean energy. Utilities may need to rely more heavily on natural gas, coal, and nuclear plants, potentially hindering efforts to reduce carbon emissions.
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US utilities signal booming demand from data centers as AI takes root
Economic Times
·
11m ago
Medial
US utilities are signing power supply agreements with data center operators to meet the increasing demand for electricity in the booming artificial intelligence industry. Goldman Sachs predicts that data centers will account for 8% of US power generation by 2030, compared to 3% in 2022. Among the recent announcements, Ameren signed a deal to supply 250 MW of power to a data center, while Alliant Energy and Exelon also secured undisclosed agreements. American Electric Power signed letters of intent to power an additional 15 GW of data centers, and Xcel Energy will supply power to Meta Platforms' new data center in Minnesota.
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Big Tech proposes power-rate terms in Ohio data-center fight
Economic Times
·
9m ago
Medial
- Microsoft, Alphabet, Meta, Amazon, and other tech firms propose an alternative framework for data centers' power payment in Ohio. - Utility AEP Ohio had previously proposed financial assurances for data centers and cryptocurrency miners due to an overwhelming number of requests. - Ohio is attracting data centers due to its high-power capacity for technologies like generative AI. - AEP Ohio paused new contracts for data centers amid the surge in demand. - Big Tech, power companies, and others are opposing AEP's proposal before the Public Utilities Commission of Ohio. - Some companies seek to settle the case by suggesting changes to AEP's rules and the payment terms for transmission upgrades.
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Sam Altman-backed Oklo signs power agreement with data centre operator
Economic Times
·
7m ago
Medial
Nuclear startup Oklo has signed an agreement to provide power to data center operator Switch. Oklo will develop Aurora powerhouse nuclear reactors with a total capacity of 12 GW, powering data centers through 2044. This move highlights the growing demand for clean and reliable energy sources like nuclear power, as several US utilities are signing similar deals to power tech companies' data centers. Oklo's stock rose 12% following the news. Switch operates renewable energy-powered data centers and serves clients like Google and PayPal, while Oklo aims to develop modular nuclear reactors by 2027.
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AI data centers could be ‘distorting’ the US power grid | TechCrunch
TechCrunch
·
6m ago
Medial
The increasing number of data centers supporting AI could negatively impact the US power grid, according to Bloomberg. Analysis suggests that households near data centers experience worse power distortions, potentially damaging appliances and increasing risks of electrical fires, brownouts, and blackouts. AI centers, due to their variable energy needs, exacerbate this issue, straining the grid with unexpected load fluctuations. However, some utilities dispute these findings, questioning the data's accuracy and assumptions.
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AI surge to double data centre electricity demand by 2030: IEA
Economic Times
·
3m ago
Medial
The International Energy Agency (IEA) reports that data centers' electricity consumption will more than double by 2030, driven by artificial intelligence (AI) applications. AI's substantial computing power demands challenge energy security and CO2 reduction goals. Currently, data centers represent 1.5% of global electricity usage, projected to reach 3% by 2030. Big tech firms are increasingly seeking alternative energy sources, including nuclear power, to meet needs. AI offers opportunities to enhance energy efficiency while increasing consumption.
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Gridcare thinks more than 100 MW of data center capacity is hiding in the grid | TechCrunch
TechCrunch
·
1m ago
Medial
Gridcare aims to mitigate data centers' power demand by unlocking hidden grid capacity. Founded by Amit Narayan, the company identifies untapped energy accessible for data centers struggling with grid connections. Utilizing a generative AI-powered model and extensive grid mapping, Gridcare identifies extra capacity, collaborates with utilities, and provides solutions to developers. After concluding a $13.5 million seed round, Gridcare's innovative approach anticipates unlocking over 100 MW of capacity, capitalizing on unrecognised grid slack.
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US electric utilities brace for surge in power demand from data centers
Reuters
·
1y ago
Medial
U.S. electric utilities are anticipating a surge in demand for electricity from data centers powering generative AI technology. Companies project higher growth in electricity sales due to data centers, causing many to revise their capital expenditure plans and demand forecasts. Power use from data centers globally is expected to triple this year, reaching 46 TWh compared to less than 15 TWh in 2023. Longer-term estimations indicate that power demand from IT equipment in U.S. data centers may reach over 50 GW by 2030, up from 21 GW in 2023. However, concerns have been raised regarding the industry's ability to respond quickly to the increased demand.
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Google inks $3 billion US hydropower deal in largest clean energy agreement of its kind - The Economic Times
Economic Times
·
1d ago
Medial
Google has signed a $3 billion deal with Brookfield Asset Management to purchase up to 3 gigawatts of hydropower under 20-year contracts, marking the largest corporate clean power agreement for hydroelectricity. The initiative involves two Pennsylvania hydropower facilities and aligns with Google's $25 billion investment in data centers in the region. This collaboration represents a significant push for clean energy to meet the rising power demands of energy-intensive data centers utilized in AI and cloud computing.
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