Dec 25, 2024
How Trump’s AI, Crypto Push Would Spur Clean Energy
President-elect Donald Trump’s enthusiasm for artificial intelligence and cryptocurrencies is expected to indirectly support clean energy businesses due to the significant power demands of AI models and crypto farms.
These data centers consume large amounts of electricity, necessitating a diversified energy supply that includes renewable sources like solar and wind. Industry executives emphasize that the U.S. will require a mix of fossil fuels and renewables to meet these demands. Investments in power companies and clean energy projects are on the rise, driven by the need for additional electricity generation. Renewable energy, particularly solar and wind, is seen as the quickest solution to meet the growing electricity needs. Despite Trump’s critical stance on clean energy in the past, his administration’s focus on expanding energy production to support AI and crypto could inadvertently boost the clean energy sector. This situation highlights the interconnectedness of advanced technological industries and sustainable energy solutions. Read more.
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In early 2025, U.S. clean energy investments faced significant setbacks, with $8 billion in projects canceled amid policy uncertainties and shifting federal priorities.
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