States Roll Out Incentives and Relax Regulations to Lure Power Plants Amid Big Tech Competition
2025-03-09
The Associated Press - Business News
As energy demand is projected to surge, US states are scrambling to expedite the construction of new power plants, with policymakers growing concerned about ensuring reliable energy supply and staying competitive in the face of Big Tech's rising demands. To attract these vital facilities, states are now offering enticing incentives and streamlining regulatory frameworks, aiming to support the growth of renewable energy sources and data centers, while also bolstering their economies through infrastructure development and job creation, leveraging key trends like sustainable energy and digital transformation.