In the media
‘Three New York Cities’ worth of power: AI is stressing the grid
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PA Consulting renewable valuation expert, Akshat Kasliwal, speaks to The Wall Street Journal about the data center cost-risk utilities face.
This article notes AI and data center demand is straining the US power grid, requiring costly upgrades. Akshat Kasliwal highlights the risk of investing in transmission if data centers later leave.
Akshat Kasliwal at PA Consulting Group, who advises tech and power companies, said AEP’s conundrum is that it needs to invest in transmission to add more data centers. But if it charges higher rates to cover that cost, data centers might go elsewhere after the money has been spent, leaving other customers holding the bag.