GridCARE raises $13.5m to reduce grid connection timelines for data centers
Claims solution can reduce grid connection time to 6-12 months
Claims solution can reduce grid connection time to 6-12 months
Claims that new capacity will reduce monthly bills for other ratepayers
Will supply power to data centers in central Spain
Company could seek grid based deals to power data centers
More than half of the projects are gas fired generation
Warned that customers could face economic uncertainty moving forward
The Northwoods pipeline expansion project has an in-service date of late 2029
New rate would apply to facilities with a contracted capacity of 25MW or more
Construction is planned for February 2027
Impact to data center sector unknown
Will add to eight previously acquired
Will also require new data centers to purchase electricity from utilities for at least ten years.
Utilities in Southeast US plan to build 20GW of new gas generation by 2040
Will remove "zombie" projects from interconnection queue
Data center power demand to grow to 78GW
US and China will account for 80 percent of the projected growth
Will initially automate processes currently done by grid planners
To deliver capital projects aimed at improving the resilience and efficiency of SPEN’s network
Will permit the extension of coal plants and direct federal agencies to identify coal resources on federal lands
Could delay the project by years
Split between three projects
Will take place on April 24
Other partners include Google, Meta, and Nvidia
Will be developed in 450MW phases