Business

NextEra, Brookfield plan $100 billion Kentucky data center campus

Read a summary of this article on FAST.

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

July 29 : NextEra Energy, Brookfield and other companies are developing a $100 billion data center campus at a former uranium enrichment site in Paducah, Kentucky, the companies said on Wednesday.

Soaring U.S. electricity demand is pushing companies to invest heavily in artificial intelligence data centers and other technologies straining an aging U.S. electric grid.

NextEra, the largest U.S. utility, would deliver 2 gigawatts of natural gas-fired power and 2.6 GW of battery storage capacity to support the data center, while Brookfield would own and operate the 1.8 GW campus, the companies said.

One gigawatt can power about 750,000 homes.

Show More

Show Less

The campus would be located on the Department of Energy’s Paducah Site, which was constructed in 1952 to produce enriched uranium but was later shuttered.

NextEra said the project fulfills the Trump administration’s “Ratepayer Protection Pledge,” which seeks to ensure that companies building and using data centers pay above and beyond normal rates so that costs are not passed on to average households.

“The Department of Energy Paducah Site will be the seed of our plan to invest $100 billion in AI infrastructure,” Brookfield CEO Bruce Flatt said in a statement.

The project is expected to be completed by 2032.

Source: Reuters

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

About The Author

admin

See author's posts