Reported 26 days ago
U.S. electric utilities are ramping up their capital investments significantly, adding tens of billions of dollars to support new power supplies and upgrade the grid, driven by increasing energy demands from data centers related to artificial intelligence and cloud computing. Major companies like PPL Corp and Exelon are revising their spending plans, anticipating a surge in data center power consumption that counters earlier fears regarding competition from AI startups like DeepSeek. As electricity demand is expected to hit record levels, utilities are preparing to build larger data centers, with many projects in the pipeline, despite the potential for increased power bills for consumers.
Source: YAHOO