Data center demand drives 66% surge in natural gas power plant costs
Natural gas power plant costs have nearly doubled in two years and take 23% longer to build as data center electricity demand skyrockets.
power plants
SoftBank to spend an eye-popping $33B to build huge U.S. gas power plant
If completed, the project would be among the largest and most expensive natural gas power plants.
EPA rules that xAI’s natural gas generators were illegally used
Elon Musk’s AI company had installed and operated 35 natural gas turbines without permits, something the EPA now says was illegal.
Trump administration wants tech companies to buy $15B of power plants they may not use
In an attempt to alleviate rising electricity prices, the White House wants grid operator PJM to hold an auction for new generating capacity, and it wants tech companies to bid.
Boom Supersonic raises $300M to build natural gas turbines for Crusoe data centers
Crusoe will pay Boom $1.25 billion for more than a gigawatt of generating capacity with deliveries of the turbines starting in 2027.
Gas power plants approved for Meta’s $10B data center, and not everyone is happy
Meta’s massive data center will draw power from three gas-fired power plants producing 2.25 gigawatts.