It isn’t every day that Texas legislators liken an industry to pigs at the trough or accuse it of “crashing our grid and turning the lights off.”But it is happening in the famously business-friendly Lone Star State as lawmakers turn increasingly hostile toward a real estate asset class playing an outsized role in nearly doubling statewide demand on its mostly self-contained power grid over the next six years.
Data centers, which house thousands of servers providing the computing power for major corporations, are a booming industry in Texas. Much of the growth is fueled by demand from the world’s largest tech companies — Amazon, Microsoft, Google and Meta — which need facilities to support their massive cloud businesses and, increasingly, artificial intelligence....
RSK: "Too many pigs at the table" is true. Not only is there not enough power but outdated transmission lines and energy fuel is limited. I really think you will see mini nuclear energy plants popping up rather than a few large ones....but that cost to develop is high as well.I think the key is to somehow scrub coal and gas fired plants so their emissions are close to -0-.
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- - Volume: 24 - WEEK: 42 Date: 10/15/2024 12:06:04 PM -