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GE Vennova, GE’s energy spin-off, To modernize the electric grid and meet the growing demand, in the next two years, it is investing an additional $ 80 million at its major grid solutions factory in Pennsylvania.
Investment will create 250 jobs at the leading grid solutions factory in Charlroi. This will help to manufacture additional high-voltage switchgear products required for the operation of the country’s electric grids.
The technique of GE Vernova helps in producing more than half of electricity in the United States. The company employs more than 18,000 workers in 18 US manufacturing facilities across the country.
Since January, the company announced a total of $ 680 million American investmentWhich will create 1,750 new jobs. In Pennsylvania, it announced a plan to invest up to $ 100 million by constructing 700 jobs in factories in the state.
A shot of the factory of GE Vennova in Charleroi, Pennsylvania. (Douglas Pavalikowski / Fox News / Fox News)
GE Vennova’s CEO Scott Stressic said, “These new jobs and investment with American workers not only reflect our ongoing commitment to the creation of grid infrastructure, but also resumes the pride building heritage of Pennsylvania.” “They will also help to strengthen our domestic supply chain, improve national security and to promote global competition by closing a significant difference.”
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In addition to its Charleroi feature, GE Vennova announced on Tuesday that it was approved to provide seven of its high-purity 7ha.02 natural gas turbines at Homer City Energy Campus, which was the largest coal-burning power plant in Pennsylvania earlier. It is now being converted into more than 3,200 acres of natural-managed data center campus, which will provide electricity to 4.5GW with the aim of meeting the demand for artificial intelligence and high-demonstration computing requirements of innovative technology companies.
Homer City Energy Campus is expected to end at 2027.
“Homer City Project shows what smart energy investment can achieve – providing more reliable, inexpensive power for all, building thousands of skilled jobs, and creating a pencilvania position to help lead the next era of AI,” said Strijic.
These investment comes when the demand for electricity reaches an all -time high, significantly due to the power demands of AI.
A shot of the factory of GE Vennova in Charleroi, Pennsylvania. (Douglas Pavalikowski / Fox News / Fox News)
Rapid growth in power demand is mainly powered by data centers that are required to run training, deployment and artificial intelligence models, according to Flyn and Rob Thumel, senior portfolio managers of Tortoize Capital.
Thumel told Fox Business last month that the data center has large -scale computing power which is necessary for necessary tasks. AI application To work, but they rely on the infrastructure of electricity, to generate electricity, transmit and distribute.
The high-voltage power lines run with the electric power grid on May 16, 2024 at the Pembroke Pines, Florida. (Photo by Ride / Getty Image / Getty Image)
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Phil Flynn, Senior Energy Analyst of Price Futures Group and a Fox Business contributor said that data center power consumption has been three times for 176 terravat hours in the last decade and may again double or triple within three years.
The International Energy Agency’s project that the US economy will consume more power in 2030, which will be to process data to process data for the manufacture of all energy-intensive items including aluminum, steel, cement and chemicals in large parts due to the demands of artificial intelligence processing.
