No paywall: https://finance.yahoo.com/news/pg-e-unveils-73b-plan-205444585.html
On September 29, PG&E Corporation announced a plan to spend $73 billion by 2030 on transmission upgrades. This major investment is intended to address the surge in electricity demand, primarily driven by data centers and the increased adoption of artificial intelligence.
The California-based company is working to serve 10GW of new electricity demand from data center projects over the next ten years. The surge in power consumption is expected to contribute to record high power consumption in 2025 and 2026, according to the US Energy Information Administration/EIA.
PG&E plans $73B grid upgrade to meet AI data center power demand by 2030, targeting 10GW of new load
byu/callsonreddit instocks
Posted by callsonreddit
8 Comments
If this ain’t a bubble..
Won’t this be passed down to consumers?
lol. Pge doesn’t make money. They make money disappear.
Reading this thread tells you how clueless most people are about what’s coming. Normal with new technology I suppose
That’s a massive load
Average redditor doesn’t know that every company is dumping billions into AI r&d because they want to be the first one to have AGI or trained models who can do technical jobs. The ROI hasn’t been seen yet because this new tech is only a few years old. People really think all this shit is for AI memes and sora slop 🤦🏾♂️
Get ready for rate hikes yall
How about we also need more power if we want more EV adoption, geez. Still can’t find a charger to save my life where I live.