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US energies signal growing need from data centers as AI settles

U.S. energies are finally inking concrete supply deals with datacenter operators hungry for more power amid a boom in artificial intelligence, leading the way for higher sales and profit in the coming quarters.

Information centers are expected to account for 8% of the power generated in the U.S. by 2030, compared to 3% in 2022, according to a Goldman Sachs report in May.

Here are some deals revealed by energies in 2024:

Ameren signed a supply handle an information center with a power capability of 250 megawatt (MW). It has actually also gotten expansion dedications and executed new contracts for more 85 MW of additional load for smaller data centers and other industries throughout Missouri and Illinois.

Alliant Energy said it has performed numerous power supply deals with information centers, but did not reveal details.

Exelon stated it remains in the engineering phase for more than 5 GW of information center capacity. Some data-center clients have actually likewise made deposits for ComEd - Exelon's subsidiary - to order transmission and breakers, the company stated during a. post-earnings call.

American Electric Power signed letters of intent to. power an extra 15 GW of data centers by the end of the. years.

Xcel Energy will provide power to Meta Platforms'. data center in Minnesota, anticipated to come online in. late summertime 2025.

Entergy has actually received legislative approval for investment. in transmission and generation to serve Amazon's. upcoming Amazon Web Provider (AWS) facility in Mississippi. Pinnacle West Capital has more than 4,000 MW of. dedicated data center clients, not consisting of the backlog of. more than 10,000 data center requests it has actually gotten.

AES signed a contract with Google for 310. megawatts to support its Ohio data centers.

It further broadened a formerly announced collaboration with. Google and signed a 15-year power purchase arrangement for 727. megawatts in Texas. Talen Energy announced an offer to provide electrical power and. its 960-megawatt information center campus to Amazon's AWS in. Pennsylvania.

NextEra's renewables segment saw an increase of 3 gigawatts

(source: Reuters)