US gov't to direct PJM to hold emergency power auction, with data centers set to foot the bill - report
Will provide data center firms the chance to bid on 15-year contracts for new power generation assets
Will provide data center firms the chance to bid on 15-year contracts for new power generation assets
Has now been sent to the New Jersey Governor's desk for approval
DATA Act of 2026 proposed by Senator Tom Cotton
Argues 2.6GW Coastal Virginia offshore project is crucial to meeting region's data center demand
Aim to repurpose two microreactors from the USS Nimitz supercarrier
Citing business confidentiality
PJM will have approximately 60 days to file the changes
DOE selects TVA and Holtec for funding
Data centers that bring their own power will receive a fast track for approval
Plant is tied to 20-year PPA with Microsoft
Draft proposal would see the time it takes for reviews fall to 60 days
New rate would apply to facilities with a capacity of 25MW or more
Newsom said he was "reluctant to impose rigid reporting requirements"
Outlines specific eligibility criteria for power producers and operators
Project 2025 appointee brings the number of commissioners on the body back to five
A continuation of its pro-coal policy
Administration prepared to utilize emergency powers to extend the lifespan of the plants
The Speed to Power initiative is seen as central in helping the US win the AI race
AI-optimized data center will be colocated with a dedicated onsite microgrid
CIL has reportedly initiated feasibility study and shortlisted four potential sites
Reportedly received a payment of NT$2 million (US$65,500)
Argues that it has provided an industry edge over China
Likely to be an interim position
Could see energy costs increase by 10 to 14 percent