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US Power Use to Reach Record Highs in 2025 and 2026, EIA Says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – U.S. power consumption will rise to record highs in 2025 and 2026, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. With growing demand from data centers dedicated to artificial intelligence and cryptocurrency and with homes and businesses using more electricity for heat and transportation, EIA projected power …

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Difficult Yet to Predict DeepSeek’s Potential Impact on Power Demand, Japan’s METI Says

Artificial Inteligence, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas / By

(Reuters) – Japan’s industry ministry is aware of a view that expansion of data centres may increase demand for electricity, however, it is difficult yet to predict how demand may change with the appearance of one technology such as DeepSeek, it said by email. In late December, the government released a draft of its basic …

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Power-Boosting Project for US Grid to Miss July Deadline

Electricity Grid, Energy Topics & Technology, Latest, US News / By

Summary • All 6 regional grid operators to miss July deadline to upgrade equipment • Delays could extend 1-2 years past deadline • Grid operators cite complexity of project, lack of software vendors (Reuters) – U.S. grid operators are asking regulators for more time to meet a federal order to upgrade existing transmission lines with …

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DeepSeek Reveals How Badly Energy Industry Needs AI for Growth

Artificial Inteligence, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas / By

From pipelines to reactors, companies bank on data center boom DeepSeek’s more efficient model threatens growth forecasts Pipeline networks and nuclear startups. Texas landowners and fuel-cell makers. In one brutal blow, DeepSeek has revealed just how many energy-related businesses in the US have been banking on an artificial intelligence boom — and the surge in …

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POWERING UP! Chevron Plans to Build Gas Plants to Power AI Data Centers

Artificial Inteligence, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas / By

Oil and gas producer partners with GE Vernova, Engine No. 1 Chinese AI company DeepSeek throws power forecasts into doubt A power substation near a data center in Ashburn, Virginia. Photographer: Nathan Howard/Bloomberg Chevron Corp. is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to …

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US Power Stocks Plummet as DeepSeek Raises Data Center Demand Doubts

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

Shares of U.S. power, utility and natural gas companies sold off on Monday in some of the biggest recorded one-day drops, as new AI technology from Chinese start-up DeepSeek cast doubt on a projected surge in U.S. electricity demand and tech spending. Power producers were among the biggest winners in the S&P 500 last year …

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EIA Sees Higher U.S. Wholesale Power Prices in 2025

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, US News / By

The U.S. Energy Information Administration has forecast higher wholesale power prices for 2025 across the country’s regional markets, except Texas and the Northwest. Wholesale power prices could average $40 per megawatt hour (MWh) this year, rising 7% over 2024, the EIA said in a report on Monday. It forecast the average price of electricity for …

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Trump’s High-Wire Act to Transform US Power Grid Won’t Be Easy

Electricity Grid, Energy Topics & Technology, Latest / By

President Donald Trump’s oversight of an increasingly unreliable U.S. power grid requires swift action, he said this week, but there is no easy fix for one of the grid’s most complex and troubled areas: long-distance transmission lines. Trump’s National Energy Emergency declaration and executive orders detail a long list of interconnected problems dogging an electric …

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Blackstone to Buy $1 billion Virginia Power Plant Near Data Centers

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, US News / By

The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers. Blackstone Energy Transition Partners has agreed to buy the 774-megawatt natural gas-fired power plant in …

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Trump Says US Needs Double the Energy it has to Power AI

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – The United States needs double the energy it has to power rapidly emerging artificial intelligence operations, U.S. President Donald Trump said on Thursday. Trump said he would give emergency declarations to allow companies working on AI to start building plants “almost immediately” given intensive competition with China. “The big problem is we need …

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