Xcel Energy CEO: Data centers won't impact your electric bill [Yahoo! Finance]
Xcel Energy Inc. (XEL)
Last xcel energy inc. earnings: 1/30 06:00 am
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Source: Yahoo! Finance
He says AI is necessary and requires enormous energy, but shouldn't effect other consumers. He points to an Xcel deal with Google as an example of providing power without passing on costs. MINNEAPOLIS (FOX 9) Bob Frenzel, the CEO of Xcel Energy, calls electricity "the most consequential product I think man has ever made." But to a crowd of listeners at the University of Minnesota, as part of the Carlson School's "First Tuesday" series, he said Artificial Intelligence promises to be just as transformational to the world. He believes the data centers that power AI, with the huge energy demands they bring, may actually lower costs for everyone. Data center power concerns What we know A number of large-scale data centers are now in the planning stages across Minnesota. With them have come serious concerns from communities, grappling with questions of environmental impacts and the costs to build and supply the power they require. "Super question. I get it all the time,"
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XEL
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- 2/5/26 - Miss
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