Utilities face looming crunch as electricity demand from AI surges

Utilities face looming crunch as electricity demand from AI surges

Power lines and transmission towers near the Ivanpah Solar Electric Generating System in the Mojave Desert in San Bernardino County, California, U.S., on Saturday, Feb. 19. 2022. Bloomberg | Bloomberg | Getty Images Artificial intelligence could strain the U.S. electric grid, as power demand from data centers is poised to surge in the coming decade … Read more

Inflation Reduction Act sparked a manufacturing & clean energy boom

Inflation Reduction Act sparked a manufacturing & clean energy boom

Monica Muñoz, top, and Denise Denning place black encapsulation material on solar panels at Elin Energys solar panel manufacturing facility on Thursday, April 25, 2024 in Brookshire.  Brett Coomer | Hearst Newspapers | Getty Images The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, … Read more

How a shuttered power plant in Michigan could pave the way for more nuclear energy

How a shuttered power plant in Michigan could pave the way for more nuclear energy

The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | AP The Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The reactor in Covert, Michigan, about 70 miles of southwest of … Read more

NextEra weighs restarting Iowa nuclear plant amid demand for carbon-free energy

NextEra weighs restarting Iowa nuclear plant amid demand for carbon-free energy

Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images NextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption. The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020 after 45 years of service. NextEra CEO John Ketchum said … Read more

Renewable energy demand will triple as electricity consumption surges, NextEra CEO says

Renewable energy demand will triple as electricity consumption surges, NextEra CEO says

In this photo illustration the stock market information of NextEra Energy, Inc. seen displayed on a smartphone with NextEra Energy, Inc. logo in the background. Igor Goloniov | LightRocket | Getty Images Renewable energy demand will triple over the next seven years as data center growth accelerates to facility the proliferation of artificial intelligence, the … Read more

Failure to meet surging energy demand will jeopardize economic growth, utility execs warn

Failure to meet surging energy demand will jeopardize economic growth, utility execs warn

The sun sets behind power lines near homes during a heat wave in Los Angeles, Sept. 6, 2022. Patrick T. Fallon | Afp | Getty Images The largest utility companies in the U.S. are warning that the nation is facing a surge of electricity demand unlike anything seen in decades, and failure to rapidly increase … Read more

Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2 billion in equity units

Hot utility stock NextEra falls nearly 5% after announcing plan to sell  billion in equity units

Budrul Chukrut | Lightrocket | Getty Images NextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back debt. The Florida-based power company, which operates the largest portfolio of renewable energy in the … Read more