Data center operators, including companies like Google, Microsoft, and Amazon, have reached out to US Treasury Secretary Scott Bessent, requesting the preservation of existing renewable energy subsidy rules.
Data Center Operators' Appeal to the Treasury
In a letter dated August 4, data center owners expressed concerns that changes in regulations could slow down infrastructure development, limiting electricity supply to data centers amid rising AI demand.
New Regulations on Subsidies
The Trump administration recently signed an executive order tightening the eligibility for renewable energy tax credits. Proposed changes may complicate access to tax credits for AI-related projects.
Impact on Economy and Energy Infrastructure
According to estimates, the data center sector contributes approximately $3.5 trillion to the US GDP and provides around 600,000 jobs. New rules could lead to a loss of 60 gigawatts of solar power development by 2030.
The fate of these regulations will be determined on August 18, when the US Treasury is set to release final rules.
