-
·
Guest Opinion: Banking on data center tax revenue? Wait before cashing that check
This opinion piece argues that Virginia localities should not count on data center tax revenue for major expenditures. It details four key risks: unpredictable revenue due to government-entity tax exemptions, rapid depreciation of computing equipment, power infrastructure delays that could leave data centers idle for years, and the $200 billion cost of new energy infrastructure…
-
·
Water supply may hinder microchip manufacturing
Indiana's effort to attract microchip manufacturing to a 10,000-acre site faces a critical barrier: insufficient water supply. Chip fabrication requires 8–10 gallons per chip, with facilities consuming millions of gallons of ultrapure water daily for cooling and contamination prevention. A proposed Intel site near Columbus, Ohio, may also need to build its own water plants.…
-
·
Energy bills could go up 50% by 2039 as Dominion unveils plan to meet unprecedented demand | WRIC ABC 8News
Dominion Energy projects a 50% increase in residential electric bills by 2039 due to rising electricity demand in Virginia, driven by new data centers. The company plans to boost energy production from natural gas and renewable sources, with 80% of new generation being carbon-free. However, concerns are raised about the environmental impact of increased natural…
-
·
Data center boom fuels PJM power cost increases as states move to shield ratepayers – DCD
Rising energy costs in the PJM Interconnection grid are driven by the growth of data centers, leading to projected increases in residential bills across 13 states. The latest capacity auction revealed a 22% rise in wholesale electric capacity, with data centers significantly contributing to demand. States are introducing measures to protect ratepayers, including requiring data…
-
·
Financial institutions sound warning about an AI bubble | AP News
The Bank of England and IMF are warning of an AI investment bubble, with tech stock valuations comparable to the 2000 dotcom peak. Massive data center deals — including OpenAI's $300 billion Oracle partnership and Nvidia's $100 billion investment — are driving rapid infrastructure buildout, but analysts question whether AI will deliver the productivity gains…
Exposing AI Data Center Threats and Harms