AI’s electricity surge reshapes the business of energy
AI’s surge is turning electricity into a high-stakes product, pushing automakers and tech firms to invest in energy storage and data-center power as demand for AI-driven computing explodes. Ford launched Ford Energy and GE Vernova reported strong orders, sparking stock rallies, but opposition to mega-data-center projects has grown, with more than $40B in canceled investments, risking that some plans never materialize. Meanwhile startups and collaborations are testing cooling, storage, and low-carbon materials to address concerns and scale the energy supply powering AI.
