ˈdälfən™🐬 💥 🌊The S&P Utilities Sector is outpacing others as investors focus on power generation for the numerous data centers needed for #AI.
/1
“Data centers could account for 10.9% of U.S. electricity demand by 2030, according to Citi analysts, up from 4.5% today. If power needs grow as much as many anticipate, it will also mean more plants, transmission lines and other infrastructure…”
/2
Okay, so that might all not mean much to people on the surface—
But, of course, increased power generation will affect the environment and possibly consumer pricing.
Someone has to pay for ever-increasing power demand AI will bring.
Investments may not cut it, so electric customers might pay more.
/3
Take Georgia, #USA, for example— a prime spot for data center proliferation.
“Georgia’s main utility, Georgia Power, has boosted its demand projections sixteen-fold and is pushing ahead on a hotly contested plan to burn more natural gas.”
The company states that it does not expect to have to raise customer rates as it adds more resources to keep up w/ increasing power demand. Many are skeptical and expect prices to inevitably go up.
/4
