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Stock impact report

The winter storm tested power grids straining to accommodate AI data centers [Verge, The]

Dominion Energy, Inc. (D) 
Last dominion energy, inc. earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: dominionenergy.com/investors
Company Research Source: Verge, The
Bitterly cold temperatures lingering after Winter Storm Fern are still testing power grids , already under stress from a rush of new AI data centers. Over the weekend, wholesale electricity prices soared in Virginia, the state with the most data centers . And while that's not surprising during a spike in energy demand for heating, it could add to the growing discontent over rising utility bills that has fueled opposition to data centers across the US . Utilities and grid operators were already hard-pressed to meet the increasing power needs of AI , which can make it even harder to prepare ahead of a weather disaster. “It's certainly causing more pricing volatility,” says Nikhil Kumar, program director at energy consulting firm GridLab. “It's certainly causing more pricing volatility” Kumar is quick to add that it's still too early to say exactly what impact data centers have had on power grids during this week's cold snap, and that the effects can vary from place to place. But Show less Read more
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