A new report released by PowerLines, a consumer education nonprofit, revealed that utility firms in the U.S. plan to inject up to $1.4 trillion within the coming five years into programs geared at upgrading aging power grids. This spending spree is being motivated by the growing pressure to provide electricity to the data centers that are mushrooming around the country.
However, it doesn’t have to play out like this. Tech companies and developers of data center projects can contribute to grid expansion and improvement by financing utilities in target jurisdictions or even opting for onsite energy generation at data centers. Either option would reduce the resistance against data center construction projects and the onus is on tech giants like Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) to analyze local conditions and come up with innovative solutions that communities…
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