AI data center boom sends some wholesale electricity prices soaring up to 267% in five years, says report — as global rollout of AI factories continues apace

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Residents living near some of the recently constructed data centers designed to power the AI boom (or bubble) are reporting skyrocketing costs for electricity, as the data centers’ unprecedented demands on local power infrastructure place additional strain on regional power grids. In some cases, Bloomberg reports prices rising by over 2.5 times in just a few years, making it hard for some residents to afford their daily bills.

Inflation remains a concern for some in the U.S — trade tariff uncertainty…



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AI data center boom sends some wholesale electricity prices soaring up to 267% in five years, says report — as global rollout of AI factories continues apace



Residents living near some of the recently constructed data centers designed to power the AI boom (or bubble) are reporting skyrocketing costs for electricity, as the data centers’ unprecedented demands on local power infrastructure place additional strain on regional power grids. In some cases, Bloomberg reports prices rising by over 2.5 times in just a few years, making it hard for some residents to afford their daily bills.

Inflation remains a concern for some in the U.S — trade tariff uncertainty…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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