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PG&E Unveils $73 Billion Spending Plan to Meet Surging Data-Center Energy Demand

PG&E plans to invest $73 billion by 2030 to upgrade transmission infrastructure to accommodate a surge in electricity demand from data centers. The utility is working to serve 10 gigawatts of new demand over the next decade, driven by AI and other technologies. The plan also includes nearly 700 miles of underground power lines and 500 miles of wildfire safety upgrades. PG&E unveils $73 billion spending plan to meet surging data-center energy demand | Reuters

The Digital Backbone of Tomorrow’s Grid

The global energy grid faces aging infrastructure, rising renewable integration, and decentralization challenges. AI emerges as a vital tool to optimize capacity, predict failures, and enhance resilience, ensuring a reliable power supply amid growing demand and environmental risks. AI is becoming a crucial tool for utilities to modernize the energy grid, addressing challenges such as aging infrastructure, renewable integration and decentralization. AI enables predictive maintenance, reducing outages by up to 30%, and enhances grid capacity through dynamic line rating. Utilities such as PG&E and Tata Power are already using AI to manage peak demand and improve reliability. The Digital Backbone of Tomorrow’s Grid | T&D World

 

What Are Stablecoins and How Do They Work?

Stablecoins are less volatile than other cryptocurrencies (like Bitcoin) and due to crypto assets’ inherent instability, stablecoins are growing in popularity with both crypto and traditional markets. Stablecoins are a type of crypto asset, but one that offers a way to bridge the gap between fiat currencies like the U.S. dollar and cryptocurrencies. Because they are price-stable digital assets that behave like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets themselves.  There are four primary stablecoin types, identifiable by their underlying collateral structure: fiat-backed, crypto-backed, commodity-backed, and algorithmic stablecoins.  What Are Stablecoins and How Do They Work? | Gemini