Reported 2 months ago
U.S. electric utilities are optimistic about increased demand from data centers fueled by the AI boom, having secured significant contracts in the second quarter. Major utilities like American Electric Power and NextEra Energy are reporting heightened interest from tech firms and have enhanced their forecasts for data center electricity demand by about 50% for 2030. Analysts anticipate solid sales growth for utilities, which are projected to exceed long-term targets after a period of underperformance.
Source: YAHOO