Reported 3 days ago
Big Tech's pursuit of AI is reshaping the US power grid, driving an unprecedented demand for electricity that could cost consumers dearly. With estimates suggesting the need for 50 gigawatts of new power capacity, utility companies face potential financial risks if demand forecasts fall short. As current electricity prices rise due to heightened energy loads from AI data centers, experts worry about the long-term viability of these investments amidst uncertainty in AI's future demand. Utilities are exploring strategies to mitigate risks and ensure that costs do not unfairly burden ratepayers as the industry adapts to these evolving needs.
Source: YAHOO