Every use of AI requires massive amounts of data, meaning as AI has surged, companies have been building more and more data centers across the country. Those data centers also require lots of energy to operate, and that means they could soon require more energy than what's available on the grid.
According to a new report by the Jack Kemp Foundation, by 2029, consumers and small businesses could see their electricity bills increase 70% because of surging energy demand from AI data centers.
In Virginia, data centers could use almost half of the state's total electricity by 2030, which is already leading to utility increases driven by the federal government and national security agencies.
Because the demand from AI is constant—these data centers run 24/7, demand doesn't cease—the peaks and valleys you normally see will not happen, leading to price increases.
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