Anyone know? Feel like I should get educated on this so I don’t look silly when I talk about it. I guess we can support it much more easily than I thought.
Anyone know? Feel like I should get educated on this so I don’t look silly when I talk about it. I guess we can support it much more easily than I thought.
So I do actually work for a utility that has a LOT of data centers being put in near it.
The plan, as it stands, is massive capital expenditure outlay (read: spending a ton of money).
We’re planning on adding 2-3 combined cycle natural gas plants, I don’t even know how many solar farms, and 3-4 battery storage facilities, along with significantly expanding our transmission grid (though we are trying to put a lot of the generating facilities near data centers to cut down on the need for transmission lines); basically almost doubling our generating capacity over the next 5 years.
Revenue to support this is supposedly only going to come from the companies themselves, and from what I can tell, the contracts were written in such a way that the companies are responsible for making minimum charge payments for 10-20 years even if they should default (but the companies themselves are Google and other similarly sized firms, so I’m not sure how well enforceable those will be should these firms really decide to cut bait…)
It makes me deeply uneasy; not to mention, most of the supplied power isn’t coming from completely green or renewable sources, and we are keeping our coal plants operational instead of phasing them out, which was supposedly the original plan before AI became so ubiquitous. And that is to say nothing of trying to get all of this shit, substations, transmission lines, and plants, in the ground in like a 5 year window, in an area that has been extremely low growth for longer than I’ve been alive.
I don’t even know how to begin to parse this lol I’ve never been an Econ guy, but everything that’s been happening lately seems to be a flagrant violation of le basic Econ libertarians love so much. I guess I will never understand how companies can continue to take these massive losses to build something with an expected payout that never comes.
Holy shit it’s all incredibly nonsensical
My understanding is the utility is not taking losses (yet), but rather are taking out loans for the build-out of the more significant parts of the infrastructure, with the idea being they will be re-paid with the incoming revenue from the data-centers themselves
How well that works is going to be almost entirely dependent upon whether or not AI stays common enough for those data-centers to remain open, sooo…
I’ve been polishing my resume