New York plans to require data center operators to shoulder more of the cost of powering their energy-hungry facilities, aiming to prevent surging electricity demand from pushing up household utility bills.
The sun behind power transmission lines during high temperatures in Columbia, South Carolina, US, on Monday, July 28, 2025. Nearly half the US will wilt under hot, sticky conditions through the bulk of the week as temperatures and humidity soar from Chicago to New York City and New Orleans, boosting power demand and raising health risks.
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington’s strategy to bring the impoverished nation’s crude to market and control its most valuable resource.
An oil refinery in the Maracaibo lake in Maracaibo, Venezuela.
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington’s strategy to bring the impoverished nation’s crude to market and control its most valuable resource.
An oil refinery in the Maracaibo lake in Maracaibo, Venezuela.
Data centers tied to the biggest US grid just tacked on another $6.5 billion to the cost of procuring power supplies, adding to concerns the artificial intelligence boom is worsening energy inflation.
Cables connect to servers at a data center. Photographer: Andrey Rudakov/Bloomberg
Vistra Corp. agreed to pay roughly $4 billion for 10 natural gas-fired power plants in the US Northeast and Texas to expand the electricity supplier’s generation capacity in fast-growing energy markets.
A natural gas-fired power plant in Pittsburg, California.
Revelers wanting to celebrate the new year in New York’s Times Square will need to bundle up as freezing temperatures and possible snow is forecast for the city.
Pedestrians cross 42nd Street in Times Square after an overnight snowstorm in New York on Dec. 27.
California is facing another day of heavy rain and risks of flash floods, prompting officials to warn about the dangers for road travel in this busy holiday period.
A resident watches Los Angeles County firefighters dig a pathway in Wrightwood, California on Dec. 25.
A fast moving storm dubbed the Alberta Clipper will push freezing air into the US Northeast and mid-Atlantic states Friday, dropping snow on New York City before turning to rain in Washington, D.C.
Shoppers look at a window display outside Bergdorf Goodman in New York, US, on Sunday, Dec. 21, 2025. US retail sales were little changed in October as solid spending in several categories was muted by a decline at motor vehicle dealers.
A fast moving storm dubbed the Alberta Clipper will push freezing air into the US Northeast and mid-Atlantic states Friday, dropping snow on New York City before turning to rain in Washington, D.C.
Shoppers look at a window display outside Bergdorf Goodman in New York, US, on Sunday, Dec. 21, 2025. US retail sales were little changed in October as solid spending in several categories was muted by a decline at motor vehicle dealers.
A Texas power developer is proposing to repurpose nuclear reactors from Navy warships to supply the US grid as the Trump administration pushes to secure massive amounts of energy for the artificial intelligence boom.
Illuminated lights on a server inside a data hall at a NextDC Ltd. data center in Sydney, Australia, on Monday, Dec. 8, 2025. OpenAI partnered with Australian data center operator NextDC to build a A$7 billion ($4.6 billion) large-scale computing cluster in Sydney, accelerating its expansion in the Asia-Pacific region.
Calls are mounting for the largest US grid operator to make electricity more affordable after power costs again surged to a new high.
A power substation in Grove City, Ohio, US, on Wednesday, Dec. 17, 2025. The outcome of what was, until recently, an obscure US power market auction will be the subject of intense interest this week for electric generators, regulators and consumers alike.
Calls are mounting for the largest US grid operator to make electricity more affordable after power costs again surged to a new high.
A power substation in Grove City, Ohio, US, on Wednesday, Dec. 17, 2025. The outcome of what was, until recently, an obscure US power market auction will be the subject of intense interest this week for electric generators, regulators and consumers alike.
The outcome of what was, until recently, an obscure US power market auction will be the subject of intense interest this week for electric generators, regulators and consumers alike.
Electrical wires near fencing with advertisements for a forthcoming data center in Ashburn, Virginia. Photographer: Pete Kiehart/Bloomberg
The outcome of what was, until recently, an obscure US power market auction will be the subject of intense interest this week for electric generators, regulators and consumers alike.
Electrical wires near fencing with advertisements for a forthcoming data center in Ashburn, Virginia. Photographer: Pete Kiehart/Bloomberg
Trump’s desire for US energy dominance could mean higher prices at home.
Employees and community stakeholders at the Venture Global Plaquemines liquefied natural gas (LNG) export facility in Port Sulphur, Louisiana, US, on Thursday, March 6, 2025. Venture Global plans to expand its Plaquemines LNG facility south of New Orleans, bringing its total investment in current and planned US projects to more than $75 billion, according to an emailed statement. Photographer: Kathleen Flynn/Bloomberg
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 1, 2025. Fermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 1, 2025. Fermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.
Companies that service power grids are surging, and analysts at JPMorgan and elsewhere see that trend continuing amid the AI boom and push for electrification.
Wind turbines and electricity power lines in Zaragoza, Spain, on Tuesday, Feb. 25, 2025. Europe’s top renewable energy developer has focused the bulk of its investments on grid projects in the US, UK and other global markets — a business that has performed well.
The AI boom is having a ripple effect. We’ve seen interest in nuclear and geothermal energy spike. Now, you can add grid tech to the list.
A Silicon Valley Power substation in Santa Clara, California, US, on Monday, Nov. 3, 2025. Two of the world’s biggest data center developers have projects in Nvidia Corp.’s hometown that may sit empty for years because the local utility isn’t ready to supply electricity. Photographer: Jason Henry/Bloomberg
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