AI's energy crisis (1/3) - why National Grid admits that renewable energy sources can't be the whole answer to AI power demands
Britain's National Grid recently announced plans to invest $1.75 billion for a 35% stake in US energy platform Joulent, a decision driven by a desire to plug further into the market for developing power infrastructure for AI data centers.
In its corporate pitch, Joulent sets out its goal to help “remove power constraints to enable the next chapter of American innovation and US re-industrialization in the AI era”. Joulent’s Across-the-Meter’ offerings are positioned as providing scalable baseload power that is co-located with customer demand while eventually connecting to the grid. The firm contends that this approach enables rapid scaling to multi-gigawatt campuses.
Back on the other side of the Pond, National Grid is looking to the new partnerships to bolster its own data center connection push. According to CEO Zoe Yujnovich:
In the UK, over the next five years, we expect to connect up to 35 gigawatts of new generation...
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