PROGRESS IS NEVER LINEAR
It’s not just data centers straining the grid. The US is experiencing a historic explosion of factory investment as a result of the Biden administration’s manufacturing subsidies, gobbling up power supplies. Crypto mining, too, is taxing the US’s aging power grid.
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Big picture: As tech giants like Amazon and Meta scour the US for cheap and plentiful electricity, many worry it could come at the expense of climate change goals. States concerned about meeting demand have proposed dozens of new gas-fired power plants to feed data centers’ insatiable appetite for electricity.—NF
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S: Morning Brew