AI Boom Will Boost US Renewables Despite Trump, Fortescue Says [Yahoo! Finance]
FORTESCUE METAL GRP S/ADR (FSUGY)
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Source: Yahoo! Finance
for clean power in the US, where artificial intelligence will further accelerate the shift to cheap, low-carbon energy, according to Fortescue Ltd. Cost-of-living pressures and an AI-driven surge in power use will ensure clean-energy demand grows over the mid-to-long-term in the US, Chief Executive Officer Dino Otranto said in an interview on Friday. Renewable energy is already more economical than coal or gas in the US despite political roadblocks, he said. Most Read from Bloomberg Trump Cancels Trail, Bike-Lane Grants Deemed ‘Hostile' to Cars Over 5,000 NYC Rent-Stabilized Apartments Headed for Auction Trump's Border Czar Involved in Detention Contract Talks Despite Recusal Tenants Seek to Unionize One Private Equity Firm's Entire Housing Portfolio A Showdown Over Speed and Safety, Italian-Style “What the US consumer needs is lower cost of energy in a inflationary environment,” Otranto said, adding that renewables provide that solution. “Politics will be, pardon the
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