AI-Driven Power Demand Is Set to Jump 900% in Chicago Area, Exelon CEO Says [BNN Bloomberg (Canada)]
Cushman & Wakefield plc Ordinary Shares (CWK)
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm
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Source: BNN Bloomberg
Chief Executive Officer Calvin Butler. About 25 data center projects that would consume around 5 gigawatts of power total — roughly equivalent to the output of five nuclear plants — are undergoing engineering studies in Exelon unit Commonwealth Edison Co.'s territory, Butler said. That compares with about 400 megawatts of data center demand currently on its system. Butler expects up to 80% of the planned developments to be completed. “We are seeing quite a bit of activity,” Butler said during an interview on the sidelines of the S&P Global Power Markets Conference in Las Vegas on Wednesday. Data center developers are attracted to ComEd's low electricity rates, carbon-free generation from nuclear reactors and state tax incentives, he added. An Exelon spokesperson said the company will continue to ensure that its system can handle the additional power load growth. Read more: AI Needs So Much Power That Old Coal Plants Are Sticking Around The demand surge wouldn't be met immediat
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News
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CWK
Earnings
- 4/29/24 - Beat
CWK
Sec Filings
- 4/30/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/16/24 - Form 4
- CWK's page on the SEC website