Taiwan will require big power consumers to install generation and energy storage facilities, in a bid to manage an expected surge in demand for electrification in the high-tech manufacturing hub.
Eight US companies are set to share over $94 million from the Department of Energy to accelerate the deployment of advanced light-water small modular reactors (SMRs) nationwide. The funding is expected to strengthen supply chains needed to support new nuclear generation in the 2030s.
Power prices on the largest electric grid in the US jumped 76% in the first quarter due to rampant demand from data centers, adding to pressure on its operator to alleviate the strain on consumers.
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