Failure to meet surging data center energy demand will jeopardize economic growth, utility execs warn [CNBC]
Southern Company (The) (SO)
Last southern company (the) earnings: 4/30 06:30 am
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Source: CNBC
failure to rapidly increase power generation could jeopardize the nation's economy. After a more than decade-long period of largely flat growth, electricity demand is poised to skyrocket by 2030 as the artificial intelligence revolution, the expansion of chip manufacturing, and the electrification of the vehicle fleet all coincide as the U.S. is trying to address climate change. The tech sector's build out of data centers to support AI and the adoption of electric vehicles alone is expected to add 290 terawatt hours of electricity demand by the end of the decade, according to a report released by the consulting firm Rystad Energy this week. The expected demand from data centers and electric vehicles in the U.S. is equivalent to the entire electricity demand of Turkey, the world's 18th largest economy, according to Rystad. “This growth is a race against time to expand power generation without overwhelming electricity systems to the point of stress,” said Surya Hendry, a Rystad
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News
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- Southern Company second-quarter earnings to be released August 1PR Newswire
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- Georgia Power Partners with U.S. Army Garrison Eisenhower for Resiliency and to Reduce Carbon FootprintPR Newswire
- Plant Vogtle Units 3 and 4 Win POWER's Plant of the Year Award [Yahoo! Finance]Yahoo! Finance
SO
Earnings
- 5/2/24 - Beat
SO
Sec Filings
- 7/3/24 - Form 144
- 6/28/24 - Form 11-K
- 6/18/24 - Form 4
- SO's page on the SEC website