Tech Giants Drive Data Center Expansion Amid AI Infrastructure Demand
Major technology companies are accelerating data center construction investments, with activity concentrated in two leading states. The expansion is driven by artificial intelligence infrastructure requirements and favorable regulatory environments including tax incentives and reliable electricity access.
Battery Energy Storage Positioned for Trillion-Dollar Investment Cycle Amid Grid Modernization
US battery storage capacity could reach 120-150 GW by 2030 from current 26 GW levels, driven by grid stability needs and favorable tax credit policies. Industry experts predict over $1 trillion in global battery energy storage system investments over the next decade.
Data Center Power Demand Drives Special Utility Tariffs Across Multiple States
State regulators in Ohio, Indiana, and other states implement targeted tariffs for data centers to shield consumers from rising electricity costs. These measures aim to address the unprecedented power demand surge from AI-driven data centers that could triple current consumption by 2028.
PJM Grid Operator Reports 22% Wholesale Power Price Surge Driven by Data Center Demand
The largest U.S. regional grid operator announced significant wholesale electricity price increases for 2025, primarily attributed to surging power demand from artificial intelligence data centers. Residential customers across 13 states face potential bill increases up to 5%.
Iberdrola Launches €5 Billion Capital Raise to Accelerate Power Grid Investments
The Spanish utility is conducting an accelerated share offering to fund massive grid infrastructure expansion. The company plans to triple its regulated asset base by 2031 while concentrating investments in US and UK markets over domestic Spanish operations.
Schneider Electric Develops Energy-Optimized Data Center Solutions for AI Infrastructure Growth
Schneider Electric partners with Nvidia to create reference designs for AI data centers, targeting 20% reduction in cooling energy consumption. The collaboration addresses surging electricity demand as AI workloads expand globally.
Major Energy Infrastructure Investment Targets AI Data Center Expansion in Pennsylvania
A coalition of technology and energy companies announced over $90 billion in investments to develop AI infrastructure and energy capacity in Pennsylvania. The initiative focuses on meeting surging electricity demands from data centers, with global consumption expected to double to 945 terawatt-hours by 2030.
UNFI Cyberattack Disrupts Food Supply Chain, Leaves Supermarket Shelves Empty
A cyberattack on United Natural Foods Inc. (UNFI) has led to widespread product shortages in supermarkets across the United States.
Port of Corpus Christi Expansion Cements Position as Major Energy Export Hub
The completion of a channel deepening and widening project is elevating the Port of Corpus Christi's status as a key energy export gateway for the United States.