Trump seeks to speed up large-scale power projects to meet AI needs

Huobi HTX reports that the Trump administration is seeking to accelerate the development of power plants, transmission lines and other energy projects to help meet the growing electricity demand in artificial intelligence and manufacturing. The U.S. Department of Energy said Thursday that the plan comes as energy demand is expected to grow faster than existing power grids. The agency said it is seeking to leverage its technical knowledge and billions of dollars in financial support and asked the National Energy Office, utilities and other agencies to help identify large-scale power and grid projects. Meanwhile, the agency warns that power outages will occur if coal-fired and gas power plants continue to close in amid rapid growth in electricity demand. The Trump administration has also taken active action to block solar and wind projects in federal land waters.