There has been little change in U.S. energy consumption over the past decade. Increased efforts to make energy use more efficient have kept levels low. But over the next five years, demand for electricity to power data centers is expected to more than double. Some estimates show the facilities are expected to require as much energy in 2030 as the entire country of Japan does today.

"Every investor is lining up to invest in the next AI breakthrough. But when it comes to energy, there is a...

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