Dec. 2 at 5:52 PM
$FSLR 🤦🏻♂️🤦🏻♂️🤦🏻♂️
U.S. looks to diesel generators to support surging AI power demand, Wright says.
The U.S. is seeking to access the network of large industrial diesel generators used at data centers and big retail stores to help curb rising electricity costs and support the surge in power demand from artificial intelligence, Energy Secretary Chris Wright said Tuesday, Bloomberg reported.
Such an effort could add the equivalent of ~35 traditional nuclear power plants worth of electricity and reduce the need to build scores of power plants that could cost tens of billions of dollars, Wright told the North American Gas Forum in Washington, according to the report.
Generac (GNRC), the top U.S. manufacturer of stationary backup generators, +1.9% in Tuesday's trading after Wright made his remarks.
The massive data center build out over the next few years, most of it we can meet with generators," Wright reportedly said, adding that pollution rules have limited their use.”
