Data center boom pushes up power plant costs
The massive growth of data centers is driving a huge need for electricity. Companies are racing to connect new facilities to the grid as quickly as possible. This high demand is pushing up costs for energy projects.
Building a new natural gas plant now costs 66 percent more than it did just two years ago. Construction projects are also taking about 23 percent longer to finish. The supply chain is struggling to keep up with the fast pace of development.
Energy experts say these rising prices will affect the entire power market. As developers compete for equipment and labor, costs continue to climb. It is becoming harder and more expensive to bring new power sources online.
Comments (0)
No comments yet. Be the first!
More AI news
NewsRun Powerful AI on Your Phone with Bonsai 27B
PrismML has released a new, lightweight version of the Qwen 27B model that fits on everyday devices.
NewsGoogle Launches LiteRT.js for Faster Browser AI
Google just released a new tool that lets developers run AI models directly in web browsers with much better performance.
NewsNew AI cameras catch drivers who skip stop signs
California startup Obvio is putting AI cameras on stop signs to protect pedestrians from reckless drivers.