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Big Tech's soaring energy demands make coal power plants more attractive

Business Standard LogoBusiness Standard8h ago

Big Tech's soaring energy demands make coal power plants more attractive - Business Standard

Quick Summary:

President Donald Trump who has pushed for US energy dominance in the global market and suggested that coal can help meet surging power demand is wielding his emergency authority to entice utilities to keep older coal-fired plants online and producing electricity.

Coal-fired power plants, long an increasingly money-losing proposition in the US, are becoming more valuable now that the suddenly strong demand for electricity to run Big Tech's cloud computing and artificial intelligence applications has set off a full-on sprint to find new energy sources.

While some utilities were already delaying the retirement of coal-fired plants, the scores of coal-fired plants that have been shut down the past couple years or will be shut down in the next couple years are the object of growing interest from tech companies, venture capitalists, states and others competing for electricity.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-26 @ 14:00:47 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1218 words

Reading Time: 7 minutes read

Sentences: 42 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28214470

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 123 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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