1srelluc
Diamond Member
(Bloomberg) -- President Donald Trump and the governors of several US Northeastern states agreed to push for an emergency wholesale electricity auction that would compel technology companies to effectively fund new power plants.
The unprecedented plan, set to be announced Friday morning, seeks to address growing tensions over how the nation can supply electricity to power-hungry data centers — seen as necessary to help win the global AI race — without simultaneously hiking utility bills for homes and businesses.
The Trump administration and some US governors plan to direct grid operator PJM Interconnection LLC to hold an auction for tech companies to bid on 15-year contracts for new electricity generation capacity.
If the auction proceeds as envisaged, tech giants would pay for power over the duration of the contracts, whether they use the electricity or not, providing secure revenues for years in a market notorious for price volatility and generator bankruptcies.
The auction would deliver contracts supporting the construction of some $15 billion worth of new power plants, said a White House official granted anonymity to detail the approach.
There you go, while the dems are occupied with ICE Trump is putting in the work for Americans.
The issue I think I see with these data centers isn't necessarily that they use tons of power, it's that because they're buying it in bulk and the power companies are giving them huge discounts, and then crying poor and hiking rates on the regular consumers.
Water usage needs to be addressed too.....The centers require vast amounts of treated water and then it needs to be retreated upon discharge placing a undo burden on community waste water treatment and general water consumption.
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