Big Tech wants to plug data centers right into power plants. Utilities say it's not fair
Looking for a quick fix for their fast-growing electricity diets, tech giants are increasingly looking to strike deals with power plant owners to plug in directly, avoiding a potentially longer and more expensive process of hooking into a fraying electric grid that serves everyone else.
Blackstone to buy $1 billion Virginia power plant near data centers
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers.
The multifaceted challenge of powering AI with data centers
Artificial intelligence has become vital in business and financial dealings, medical care, technology development, research, and much more. Without realizing it, consumers rely on AI when they stream a video,
Big Tech wants to plug data centers into power plants, avoiding electric grids
Amazon Web Services is building a data center next to the Susquehanna nuclear plant, and TMI is planning to reopen to power a Microsoft facility.
Data center growth puts unprecedented pressure on power grids
The report, based on a survey of 100 data center leaders, also shows that 30% of all sites will be using onsite power by 2030. For reference, McKinsey research estimates that there was 25 gigawatts worth of demand in 2024.
Bill Gates' TerraPower Has Deal to Use Nuclear Power for Data Centers
TerraPower, the nuclear energy company founded by former Microsoft CEO and co-founder Bill Gates, announced it has a ...
Data centers are booming in Texas. What does that mean for the grid?
The rise of artificial intelligence, the digitization of the economy and everyday life’s growing computing needs have ...
California needs more data centers—but builders are using a legal loophole to power them with diesel
The process means that the communities get little input, even though the data centers create both air and noise pollution.
How data centers work and why AI is driving their growth
A look at how data centers operate, and why they require a lot of electricity and water. (AP animation/Donavon Brutus) ...
Could more data centers come to Oklahoma? UAE-based company announces $20B investment plan
A UAE investment firm planned to expand across eight states in the sunbelt. Government officials commented on the potential ...
Amazon spends $102 million in Ohio for data center land. Are server farms, data centers the same?
Amazon bought hundreds of acres of land in Ohio to build a massive data center. Are server farms and data centers different?
Mark Zuckerberg wants to spend $60B on building data centers this year
Meta’s capital expenditures for this year are expected to range from $60 billion to $65 billion, the New York Times reported, ...
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Data centers could double Virginia’s energy use in a decade. Bills to regulate them are getting mixed support.
Efforts by Virginia lawmakers to rein in data centers have seen mixed success. A bill that would have increased state ...
J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26
J.P.Morgan estimated spending on data centers could contribute between 10-20 basis points to U.S. economic growth in ...
Amperesand targets data centers as the next big customer for its solid-state transformers
“We’ve got about 90 gigawatts [of data centers] globally in 2023, and that’s going to increase to over 185 gigawatts by 2028, ...