Editing Data center (section)

=== Impact on electricity prices ===
[[Cryptomining]] and the [[artificial intelligence]] boom of the 2020s has also led to increased demand for electricity,<ref>{{Cite news |last=Halper |first=Evan |date=2024-03-07 |title=Amid explosive demand, America is running out of power |url=https://www.washingtonpost.com/business/2024/03/07/ai-data-centers-power/ |access-date=2024-08-19 |newspaper=Washington Post |language=en}}</ref><ref>{{Cite magazine |last=Rogers |first=Reece |date=July 11, 2024 |title=AI's Energy Demands Are Out of Control. Welcome to the Internet's Hyper-Consumption Era |url=https://www.wired.com/story/ai-energy-demands-water-impact-internet-hyper-consumption-era/ |access-date=2024-08-19 |magazine=Wired |language=en-US |issn=1059-1028}}</ref> that the [[International Energy Agency|IEA]] expects could double global overall data center demand for electricity between 2022 and 2026.<ref name=":1">{{Cite web |last=Calma |first=Justine |date=2024-01-24 |title=AI and crypto mining are driving up data centers' energy use |url=https://www.theverge.com/2024/1/24/24049047/data-center-ai-crypto-bitcoin-mining-electricity-report-iea |access-date=2024-08-21 |website=The Verge |language=en}}</ref> The US could see its share of the electricity market going to data centers increase from 4% to 6% over those four years.<ref name=":1" /> [[Bitcoin]] used up 2% of US electricity in 2023.<ref name=":3">{{Cite magazine |last=Chow |first=Andrew R. |date=2024-06-12 |title=How AI Is Fueling a Boom in Data Centers and Energy Demand |url=https://time.com/6987773/ai-data-centers-energy-usage-climate-change/ |access-date=2024-08-21 |magazine=TIME |language=en}}</ref> This has led to increased electricity prices in some regions,<ref>{{Cite news |last1=Halper |first1=Evan |last2=O'Donovan |first2=Caroline |date=November 1, 2024 |title=As data centers for AI strain the power grid, bills rise for everyday customers |url=https://www.washingtonpost.com/business/2024/11/01/ai-data-centers-electricity-bills-google-amazon/ |newspaper=Washington Post |archive-date=November 12, 2024 |access-date=November 1, 2024 |archive-url=https://web.archive.org/web/20241112002908/https://www.washingtonpost.com/business/2024/11/01/ai-data-centers-electricity-bills-google-amazon/ |url-status=live }}</ref> particularly in regions with lots of data centers like [[Santa Clara, California]]<ref>{{Cite web |last=Petersen |first=Melody |date=2024-08-12 |title=Power-hungry AI data centers are raising electric bills and blackout risk |url=https://www.latimes.com/environment/story/2024-08-12/california-data-centers-could-derail-clean-energy-goals |access-date=2024-08-19 |website=Los Angeles Times |language=en-US}}</ref> and [[upstate New York]].<ref>{{Cite web |last1=Benetton |first1=Matteo |last2=Compiani |first2=Giovanni |last3=Morse |first3=Adair |date=2023-08-12 |title=When cryptomining comes to town: High electricity use spillovers to the local economy |url=https://cepr.org/voxeu/columns/when-cryptomining-comes-town-high-electricity-use-spillovers-local-economy |access-date=2024-08-20 |website=[[VoxEU]] |language=en}}</ref> Data centers have also generated concerns in [[Northern Virginia]] about whether residents will have to foot the bill for future power lines.<ref name=":3" /> It has also made it harder to develop housing in London.<ref>{{Cite web |last=Vincent |first=James |date=2022-07-28 |title=The electricity demands of data centers are making it harder to build new homes in London |url=https://www.theverge.com/2022/7/28/23282007/electricity-demands-london-data-centers-blocking-new-housing-development |access-date=2024-08-21 |website=The Verge |language=en}}</ref> A Bank of America Institute report in July 2024 found that the increase in demand for electricity due in part to AI has been pushing electricity prices higher and is a significant contributor to electricity [[inflation]].<ref>{{Cite web |last=Walton |first=Robert |date=July 8, 2024 |title=US electricity prices rise again as AI, onshoring may mean decades of power demand growth: BofA |url=https://www.utilitydive.com/news/electricity-price-inflation-rising-again-BofA/720673/ |access-date=2024-08-19 |website=[[Utility Dive]] |language=en-US}}</ref><ref>{{Cite web |last=Mott |first=Filip De |title=Utility bills are getting cheaper, but AI could spoil the party |url=https://markets.businessinsider.com/news/commodities/ai-power-grid-demand-utility-bill-outlook-electricity-ev-2024-7 |access-date=2024-08-19 |website=[[Markets Insider]] |language=en-US}}</ref><ref>{{Cite web |date=May 17, 2024 |title=A.I. Power Shortage. Plus, Oil & Gas Stock Picks - Barron's Streetwise Barron's Podcasts |url=https://www.barrons.com/podcasts/streetwise/ai-power-shortage-plus-oil-gas-stock-picks/7ec80059-8d8c-4913-bc15-f5f80a50be1a?page=1& |access-date=2024-08-21 |website=[[Barron's]] |language=en}}</ref>