Big Tech's Private Power Plants Will Drive Up Your Energy Bill, Experts Warn

AI Summary

Tech companies are increasingly building private power plants to supply energy to their expanding data center campuses, driven by the artificial intelligence boom. Experts warn this trend may raise energy costs despite claims it will protect ratepayers from price surges.

As urged by President Donald Trump, tech companies are starting to build power plants alongside their new data center campuses to provide their own energy. The Trump administration has promised that this approach will help to shield ratepayers from skyrocketing power prices as data centers move into the neighborhood, but experts contend that it will do the opposite. As data centers continue to rapidly increase in number and size thanks to the artificial intelligence boom, the amount of energy needed to power those data centers is skyrocketing.…