Tech Giants Enter Power Trading, Boosting Energy Supply

Major tech companies like Meta, Microsoft, and Apple are entering the power trading business to secure long-term energy supplies for their growing data centers. This move encourages new power plant construction and provides utilities with more certainty about future demand. Meta alone plans to invest six hundred billion dollars in the U.S. by 2028, adding over fifteen gigawatts of new energy projects to the grid.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.