Previously, we reported that U.S. electricity prices have been surging, thanks in large part to the proliferation of AI, high-performance computing (HPC) data centers and clean energy manufacturing. U.S. residential electricity prices have surged nearly 40% since 2021, with states with the highest concentration of data centers recording the biggest increase. To wit, Virginia--the state with the biggest number of data centers at 666--saw electricity prices jump 13% in the current year from 2024 levels, the second highest clip nationwide after Illinois’…
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