Europe’s shuttered coal and gas power plants may be headed for a second life as high-speed AI data centers. (Reuters)
Utilities are converting the fossil fuel sites into data centers, banking on their built-in grid access and cooling infrastructure to attract Big Tech. Microsoft and Amazon are already eyeing deals.
The utility POV: These pricey repurposing deals could offer utilities a way to offset the costs of winding down aging power plants while potentially underwriting future renewable developments.