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Microsoft deal signals expanding need from data centers to power AI

U.S. energies are finally signing concrete supply deals with datacenter operators as the artificialintelligence wave sparks a surge in power demand, leading the way for higher earnings in the coming quarters.

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

Here are some deals revealed by energies in 2024:

Constellation Energy signed an exclusive deal with Microsoft to reboot among the systems at the 3 Mile Island nuclear plant in Pennsylvania.

Under the agreement, the energy will provide 835 megawatts ( MW) of energy to the tech giant's data centers. The deal would also mark the very first reboot of a nuclear reactor in the U.S. after it was shut down.

Ameren signed a supply deal with 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 information centers and other markets throughout Missouri and Illinois.

Alliant Energy said it has actually performed multiple power supply handle data centers, however did not disclose details.

Exelon stated it is in the engineering phase for more than 5 GW of data center capability. Some data-center clients have actually also made deposits for ComEd - Exelon's subsidiary - to order transmission and breakers, the firm stated throughout a. post-earnings call.

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

Xcel Energy will supply power to Meta Platforms'. information center in Minnesota, expected to come online in. late summer season 2025.

Entergy has received legislative approval for financial investment. in transmission and generation to serve Amazon's. upcoming Amazon Web Provider (AWS) center in Mississippi.

The utility has actually likewise signed a handle Meta to. supply power to the Facebook-parent's hyperscaler data center. located in Louisiana. The center would be Meta's biggest data. center worldwide. Peak West Capital has more than 4,000 MW of. dedicated information center consumers, not including the backlog of. more than 10,000 information center requests it has actually gotten.

AES signed an arrangement with Google for 310. megawatts to support its Ohio information centers.

It even more broadened a previously announced partnership with. Google and signed a 15-year power purchase contract for 727. megawatts in Texas. Talen Energy announced an offer to supply electrical power and. its 960-megawatt information center campus to Amazon's AWS in. Pennsylvania.

NextEra's renewables sector saw an increase of 3 gigawatts

(source: Reuters)