Business Investment in Solar and Battery Storage
Commercial and industrial electrical rates are rising, and this trend is expected to accelerate due to the massive energy demands from new data centers supporting the AI industry. For example, the Texas electrical grid is projected to need to double its capacity by 2030 to meet this new demand. This significant capital investment in grid infrastructure will likely be funded by existing ratepayers, as large tech companies often negotiate special rates and tax abatements. Consequently, existing power customers, including other large companies, may have to bear a substantial financial burden for this new development.