Gold Outlook Report 2023

PJM Targets 15 Gigawatts Of New Power To Feed Data Center Boom PJM Interconnection, operator of the largest power grid in the United States spanning 13 states and serving more than 65 million people, has launched an emergency proposal to secure 15 gigawatts of new electricity supply, according to Bloomberg. The move aims squarely at the surging AI data center demand, which has pushed the regional grid to its limits. The plan calls for bilateral negotiations to pair proposed data centers with new power plants. PJM will begin gauging interest from developers and generators...

President Trump on Tuesday threatened Iran with “consequences never seen before” if its forces lay mines in the Strait of Hormuz, as the Trump administration appears to be scrambling on how to deal with the war’s impact on the global oil market. “If Iran has put out any mines in the Hormuz Strait, and we […]