FOX 4 All Day: June 13, 2024
Dallas-Fort Value information headlines and the climate forecast for Thursday, June 13, together with a lady charged with stealing a van with a corpse inside and a rise in energy demand.
DALLAS – Lt. Gov. Dan Patrick made shocking statements a couple of fast-growing enterprise sector in Texas. He recommended massive information facilities and crypto-mining operations want extra scrutiny.
That is primarily based on a projection of how a lot energy demand these pc facilities will want.
ERCOT’s CEO says Texas continues to see explosive progress and warned state lawmakers on Wednesday that peak demand on the ability grid may double in six years.
In flip, Lt. Gov. Dan Patrick posted on social media that crypto miners and AI information facilities shall be chargeable for over 50% of that progress.
The lieutenant governor put ERCOT’s CEO on blast after Pablo Vegas advised a senate committee Wednesday that synthetic intelligence information facilities and bitcoin mining may double peak demand on the ability grid inside six years.
“So we’re talking a magnitude of 10 to 30 times of energy use for an AI data center versus a traditional one, so the impact is really significant,” Vegas mentioned. “How many are coming? That’s still to be determined.”
Patrick claims crypto miners and information facilities shall be chargeable for over 50% of added progress in Texas within the coming years.
In a prolonged publish on X, Patrick mentioned, “We need to take a close look at those two industries. They produce very few jobs compared to the incredible demands they place on our grid… We want data centers, but it can’t be the wild, wild west of data centers and crypto miners crashing our grid and turning the lights off.”
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SMU economist Mike Davis is not stunned by Patrick’s feedback, although the state’s Republican management could be very proactive in making an attempt to draw companies to the state.
“When we do have another blackout, whether it’s summer or winter time, all politicians — not just Dan Patrick — want to be able to say, ‘I tried to fix it,’” Davis mentioned. “So they’re trying to get out ahead of this thing and say, ‘We’ve figured out this thing, solved this problem without costing you, the taxpayers, any money.’”
However power skilled Joshua Rhodes says the outlook for these power-hungry pc farms isn’t all dangerous.
“So there’s a couple things with bitcoin mining. One, it can be a flexible load,” he mentioned. “And that can be helpful in a grid that needs more demand response and more flexibility.”
Rhodes added that there was lots of new era in the marketplace.
“We’ve built a lot of wind, we built a lot of solar, but also a lot of energy storage that allows us to move some of that energy around,” he mentioned.
Davis identified that whereas it is true information facilities themselves do not deliver jobs, if these AI information facilities do not exist, all of these high-paying tech jobs everybody says they need cannot exist.