Get the latest tech news
Big tech must stop passing the cost of its spiking energy needs onto the public
We need new policies that ensure the cost of new data centers is carried by the tech companies that profit from them, not by regular energy consumers such as family households and small businesses.
Julianne Malveaux is an MIT-educated economist, author, educator and political commentator who has written extensively about the critical relationship between public policy, corporate accountability and social equity. We need new policies that ensure the cost of these projects is carried by the wealthy big tech companies that profit from them, not by regular energy consumers such as family households and small businesses. Bain’s analysis warns that, to meet this energy demand, U.S. utilities may need to boost annual generation capacity by as much as 26% by 2028 — a staggering jump compared to the 5% yearly increases of the past two decades.
Or read this on r/technology