How AI and cloud computing may delay the transition to clean energy [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
is raising a worrying possibility for the world's climate: a near-term surge in fossil-fuel use. Utilities, power regulators and researchers in a half-dozen countries told Reuters the surprising growth in power demand driven by the rise of artificial intelligence and cloud computing is being met in the near-term by fossil fuels like natural gas, and even coal, because the pace of clean-energy deployments is moving too slowly to keep up. In the United States, home to a third of world data centers, utilities are adding new gas plants and delaying the retirements of fossil-fuel power plants as a slew of sprawling new data centers plug in to the grid. In Poland, Germany and Malaysia, coal could also be in the mix, according to interviews with company executives, regulators and analysts. The outlook poses a new obstacle to world governments, now gathered at the UN's annual climate conference in Baku, which are already struggling to meet ambitious targets to decarbonize power systems.
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META
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- 1/29/25 - Beat
META
Sec Filings
- 2/14/25 - Form 144
- 2/13/25 - Form 4
- 2/13/25 - Form 144
- META's page on the SEC website