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.
Data center growth puts unprecedented pressure on power grids
Data center builds typically have timelines of 18 to 24 months, gas and renewable power plans have timelines of three to five years, and new transmission development can take seven to ten years. In fact, it’s the power transmission grid that’s often the biggest constraint, the research firm says, more even than the power generation capacity.
New Georgia Power rates address ‘staggering’ needs of data centers
As Georgia quickly becomes one of large companies’ favorite states for building data centers, the Georgia Public Service Commission is changing how those centers will pay for power.
Georgia power rate change approved to address data center energy use
Officials say the amount of energy Georgia's booming data center industry needs is "staggering" and are hoping a new rule will help keep the cost away from normal ratepayers.
Georgia’s booming data center industry will likely pay more for power
A new rule from state regulators highlights the growing angst from politicians as data centers pop up all over Georgia.
Georgia PSC passes rule for data centers’ power usage
Data centers would pay the transmission and distribution costs incurred as construction of data centers progresses.
Concerns over data center power needs
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Georgia Public Service Commission approves new rule for data centers
The Georgia Public Service Commission approved a new rule for data centers in an effort to protect Georgia Power ratepayers from cost-shifting, officials said.
Bill Gates’ nuclear energy startup inks new data center deal
TerraPower, a nuclear energy startup founded by Bill Gates, struck a deal this week with one of the largest data center ...
The future of AI is even more fossil fuels
“They have to produce a lot of electricity and we will make it possible for them to get that production done very easily, at ...
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 that would let them plug directly into power plants ...
MIT Technology Review10d
Interest in nuclear power is surging. Is it enough to build new reactors?
These shifts have been great for existing nuclear plants. We’re seeing efforts to boost their power output, extend the ...
'Data centers will need to bear the cost of their electricity acquisition' | Georgia PSC approves new rule for data centers
The PSC approved a new rule that allows Georgia Power to charge new data centers in a manner that will protect ratepayers ...
TechCrunch12d
Data center power demand will double over the next five years
Data centers are expected to continue growing at a breakneck pace, doubling their power demand by 2029, according to a new report from JLL. The industry’s expansion, fueled by the rapid growth ...
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Blackstone Energy Transition Partners To Acquire Potomac Energy Center: Retail Remains Bullish
Shares of Blackstone Inc (BX) were in the spotlight on Friday after the company announced that Blackstone Energy Transition ...