A.I. is pushing Microsoft, Amazon, and even big banks to prioritize energy abundance. Will the EPA and SEC continue standing in their way?
Last Friday, Microsoft, in the middle of an historic race for artificial intelligence dominance, announced it would purchase more than $15 billion worth of electricity from Constellation Energy in a 20-year deal. Constellation will generate the power by reviving the 835-megawatt Unit One nuclear reactor at Three Mile Island, Pennsylvania, which had been shuttered just five years ago.
Then Monday, at the kick-off of the UN General Assembly meetings in New York City, 14 of the world’s largest banks and financial institutions said they will prioritize lending to support a tripling of global nuclear capacity by 2050.
Just 10 days ago, we wrote about Mario Draghi’s wake-up call for the European economy, where energy poverty depresses innovation, and also BlackRock CEO Larry Fink’s reversal on intermittent “renewable” power sources, which he now admits can’t power A.I. data centers. continue reading…