Data centers are expected to account for 8% of the power generated in the U.S. by 2030, compared with 3% in 2022, according to a Goldman Sachs report in May.
Here are some deals announced by utilities in 2024:
Ameren signed a supply deal with a data center with a power capacity of 250 megawatt (MW). It has also received expansion commitments and executed new contracts for more 85 MW of additional load for smaller data centers and other industries across Missouri and Illinois.
Alliant Energy said it has executed multiple power supply deals with data centers, but did not disclose details.
Exelon said it is in the engineering phase for more than 5 GW of data center capacity. Some data-center customers have also made deposits for ComEd – Exelon’s subsidiary – to order transmission and breakers, the firm said during a post-earnings call.
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American Electric Power signed letters of intent to power an additional 15 GW of data centers by the end of the decade. Xcel Energy will supply power to Meta Platforms’ data center in Minnesota, expected to come online in late summer 2025.
Entergy has received legislative approval for investment in transmission and generation to serve Amazon’s upcoming Amazon Web Services (AWS) facility in Mississippi. Pinnacle West Capital has more than 4,000 MW of committed data center customers, not including the backlog of more than 10,000 data center requests it has received.
AES signed an agreement with Google for 310 megawatts to support its Ohio data centers.
It further expanded a previously announced partnership with Google and signed a 15-year power purchase agreement for 727 megawatts in Texas. Talen Energy announced a deal to supply electricity and its 960-megawatt data center campus to Amazon’s AWS in Pennsylvania.
NextEra’s renewables segment saw a rise of 3 gigawatts (GW) worth of renewables and storage projects in second quarter, including Google’s 860 megawatts (MW) demand for its data center power.