Power lines in Dallas, Texas, on June 12, 2022. (Shelby Tauber/Reuters) Texas’ electricity grid operator revealed its new five-year forecast during a state senate committee hearing earlier this week, and the revelations could dampen the state’s bitcoin mining dreams.
Officials from the Electric Reliability Council of Texas (ERCOT), the organization that manages the state’s grid, testified on June 12 at a Senate Business and Commerce Committee hearing in Austin that cryptocurrency mining and artificial intelligence (AI) data centers could impact the reliability of the state’s power grid.
ERCOT CEO Pablo Vegas told the committee that, based on ERCOT’s latest five-year forecast, power grid demands are expected to nearly double by 2030.
“That number increased from 110 to 150 [gigawatts],” Mr. Vegas told the committee. “Going from 80 to 85 gigawatt range where we are today to 150 in 2030 is almost doubling of the total peak demand over a six-year period, effectively.”He […]
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