National Grid taps into US AI power boom
The UK utility company is investing $1.75bn in a developer focused on supplying power to data centres
The UK utility company, National Grid, is making a significant investment of $1.75 billion in a US-based developer. This developer’s focus is on supplying power specifically to data centers. The investment signals a strategic move to capitalize on the increasing demand for electricity driven by the AI boom.
- National Grid is investing $1.75 billion.
- The investment is in a US developer.
- The developer focuses on supplying power to data centers.
- This investment is linked to the growing demand from the AI sector.
Continue reading https://www.ft.com/content/39f4842b-7389-485c-9d28-1a199607e56b
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