•1 min read•from TechCrunch
Data center demand drives 66% surge in natural gas power plant costs
Our take
The demand for electricity from data centers is driving a significant surge in natural gas power plant costs, which have nearly doubled over the past two years. This increase is accompanied by a 23% rise in construction timelines, reflecting the urgent need for reliable energy sources to support the booming digital landscape. As businesses increasingly rely on data-driven operations, understanding these trends is crucial for stakeholders in the energy and technology sectors.
Natural gas power plant costs have nearly doubled in two years and take 23% longer to build as data center electricity demand skyrockets.
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