Tech companies are desperate to build new data centers to handle their AI ambitions, but they’re coming up against a severe bottleneck to get electricity for them. Major electricity grids have yearslong delays to get connected to power, leaving the tech players with few options. Ohio-based American Electric Power the fifth-largest utility company by market capitalization, announced a deal with Bloom Energy late on Thursday to use fuel cells to provide power to data centers.
Electricity Gridlock Is a Big Problem for AI Companies. One Winner Emerges.
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