AI, data center and Microsoft
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Over the past few years, millions of Americans have seen their electricity bills skyrocket. Since February 2020, electricity prices have increased by an average of 40 percent across the country. In some areas,
Many proposals have been introduced, but there is little consensus among governors, Congress members and tech executives about exactly how much the companies behind data centers should pay for electricity.
Trump's action comes as Democrats seek to brand themselves as the champions of affordability leading up to the midterm elections.
On Tuesday, Microsoft announced a new initiative called “Community-First AI Infrastructure” that commits the company to paying full electricity costs for its data centers and refusing to seek local property tax reductions.
Increasing demand from the tech industry threatens to max out generation capacity in a 13-state region. Consumers are furious about rate increases.
President Donald Trump said that tech companies must pay for their own data centers without spiking utility bills for American households.
Microsoft on Tuesday unveiled a community-focused initiative aimed at lowering water usage at its U.S. data centers and ensuring that the power-hungry facilities do not drive up electricity prices for the public.
Meta announced agreements with two energy companies to revive Ohio's two nuclear power plants, while using new advanced reactors to power data centers.
As controversial proposals to power multi-billion dollar data centers in southern New Mexico wind through the courts and permitting processes, one state senator aims to close what he considers a loophole that could allow the projects to bypass the state’s clean energy requirements.
New York plans to require data center operators to shoulder more of the cost of powering their energy-hungry facilities, aiming to prevent surging electricity demand from pushing up household utility bills.
Environmental groups will host meetings in Sault Ste. Marie, Marquette and Hancock to discuss cryptocurrency mining and AI data center impacts on energy, water and rural communities.
The energy-infrastructure company said Thursday it had signed a definitive agreement with investment firm Energy Capital Partners to acquire three power plants, two in Ohio and one in Indiana. The deal consists of roughly approximately $2.6 billion in cash and $900 million in Talen stock.