00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Back-to-back heat waves across the U.S. are straining electricity grids
00:06as soaring power demand from households and artificial intelligence data centers
00:11tests aging infrastructure, according to Bloomberg.
00:15Regional grid operators serving more than 150 million Americans
00:19have issued emergency alerts as high temperatures
00:21and rising humidity pushed electricity demand higher.
00:25P.J.M. Interconnection set a record peak load of 168 gigawatts on July 2nd
00:31and sought federal permission for data centers to use backup generators during peak demand.
00:36Grid operators said electricity demand is expected to nearly double over the next decade.
00:42Experts warned that expanding generation and transmission capacity
00:46will require years and billions, if not trillions, of dollars in investment.
00:50For all things money, visit Benzinga.com.
Comments