Big Tech is building trading desk to manage rising load from AI infrastructure
Big Tech companies like Meta, Microsoft, and Apple are establishing trading desks to manage rising electricity demands from AI infrastructure. With federal approval, they can buy and sell wholesale electricity to handle increased loads from AI systems and data centers. This move aims to mitigate higher costs and tighter access to power, as electricity prices rise. Companies are hiring energy market teams to manage these operations, with Disney also joining the trend. The strategy involves risks but offers more control over energy costs as AI-driven data demand grows.
Cryptopolitan·
