AI Is Turning Energy Into the Hottest Business in America

Fast growth in artificial intelligence data center construction is changing energy from a routine business expense into a strategic asset. Companies are investing heavily in power generation, storage, and infrastructure to help tech companies secure electricity for power-hungry data centers. Such companies include expected players like GE Vernova, Bloom Energy, and Fervo Energy, and unexpected companies like Ford.

At the same time, data center developers face growing challenges, including community opposition over water use, air pollution, and noise, leading to a record number of project cancellations.

AI-driven growth in demand means that energy can no longer be considered an input to economic activity — it’s a valuable and strategic product on its own.