WASHINGTON — American consumers — and the Federal Reserve — are being hit with another high-cost headache. The gusher of investment in data centers — likely topping $700 billion this year — to power artificial intelligence has made memory chips, computer processors, and other equipment, as well as electricity more expensive, and economists expect it … Read more
Cooling costs are projected to reach record highs this summer amid rising electricity prices and hotter weather. A new analysis from the National Energy Assistance Directors Association (NEADA) estimates that Americans will spend an average of nearly $800 on electricity between June and September, up 10.5% from the same period last year. “Electricity prices continue … Read more
Cuba started restoring power Sunday after the nation’s energy grid collapsed a day prior, cutting electricity to millions of people. The blackout was the third this month. Some 72,000 customers in the capital, among them five hospitals, had electricity again early Sunday, according to a report from the state-run Electric Union and the Ministry of Energy … Read more