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AI Data Centers, EVs to Lead New Surge in Energy Demand

Benzinga LogoBenzinga2w ago

AI Data Centers, EVs to Lead New Surge in Energy Demand - Benzinga

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The strong growth from these two sources should be sufficient to meet the rising power demand brought by data centers and EVs in the US, while continuing to displace coal in the generation mix.Southern Co., the second-largest utility in the U.S.by market cap, headquartered in Atlanta, said supplying the demand needed all of America's future needs is a matter of economic and national security.

The tech giants — Amazon, Alphabet's Google, Microsoft, and Meta — are looking for more power as they bring data centers online that can require as much as a gigawatt of electricity, Petter Skantze, vice president of infrastructure development at NextEra Energy Resources, told CNBC.

Its portfolio includes 11 Megawatts (net) of operating assets under long-term power purchase agreements across Canada and Mexico covering wind, solar, battery storage, and hydro generation; a 3 Megawatt (MW) CHP project and a 450 Kilowatt peak (kWp) rooftop solar project that are both under construction and expected to be operational later this year; and a diverse portfolio of utility-scale development projects across the U.S., Canada, and Mexico that have a combined capacity of over 3,000 MWs, as well as a 140 MW+ distributed ...


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Article Details

Author / Journalist: The Critical Metals Report

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 15:33:48 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 3161 words

Reading Time: 18 minutes read

Sentences: 101 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21575972

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 1 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #53

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