USD/BTC = $105,690
Block 900,337
TL:DRThe Public Service Commission of Wisconsin on Thursday approved We Energies’ $1.5 billion plan to build a new natural gas power plant in Oak Creek and a reciprocating internal combustion engine (RICE) natural gas power plant in the Kenosha County town of Paris.The facilities are expected to generate more than 1,200 megawatts of combined energy. Both projects are planned to accommodate a surge in data center development in the area and We Energies’ efforts to transition to carbon neutral energy production by 2050.The construction of these power plants will largely support the incoming data centers in the area,
most notably Microsoft’s $3.3 billion data center campus which is under construction in Mount Pleasant. The sprawling 240-acre campus is planned to house four 250,000-square-foot, single-story buildings, totaling an annual need of 450 megawatts.My Thoughts 💭
AI is driving the construction of new power plants. Natural gas will have a major boom over the next 5 to 10 years. Wouldn’t be shocked if some of this spilled over into bitcoin mining.