Since utilities have been unable to meet the power needs of tech players like Microsoft, Google, and Amazon Web Services, some of these companies have begun directly contracting with renewables developers and striking deals with nuclear power plant operators. A trade group representing these companies recently asked the Senate to revise the pending legislation so it restores some of the clean energy provisions from the Inflation Reduction Act, saying the U.S. needs “affordable and reliable power” in order to “maintain its leadership in AI.” Analysts say such leadership is threatened if the Trump administration continues to try to tip the scales toward fossil fuel sources that are not competitive with newer sources of energy.
Orvis added that higher electricity costs raise the cost of doing business for manufacturers, including those at the leading edge of AI, making it more difficult to compete with China || Read More:
