Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
US and Iran clash over uranium enrichment as...
Hundreds of Ukrainian prisoners released in swap with...
Trump signs executive orders bolstering nuclear industry, domestic...
Trump administration plans to overhaul National Security Council,...
Satellite images reveal North Korea’s mangled naval destroyer...
Trump admin steps up overhaul of National Security...
Trump unleashes US nuclear renaissance with bold executive...
DAVID MARCUS: Tax-free overtime could be midterm magic...
SCOOP: House Republicans request ban on federally funded...
WATCH: GOP senators rail against staggering $4.7 trillion...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

by admin May 3, 2025
May 3, 2025
Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

Data center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday.

Dominion provides electricity in Loudoun County, nicknamed “Data Center Alley” because it hosts the largest cluster of data centers in the world. The utility works closely with the Big Tech companies that are investing tens of billions of dollars in data centers as they train artificial intelligence models.

“We have not observed any evidence of slowing demand from data center customers across our service area,” Dominion’s chief financial officer, Steven Ridge, told analysts on the company’s first-quarter earnings call.

Wall Street has speculated that the tech sector might pull back investment in data centers as President Donald Trump’s tariffs make it more difficult to source parts and raise the risk of a recession. The emergence of China’s DeepSeek AI lab sparked a sell-off of power stocks earlier this year as investors worried that its model is more energy efficient.

Dominion has 40 gigawatts of data center capacity in various stages of contracting, Ridge said. Data center customers have not paused spending on new projects in Dominion’s service area and they have not shown any concerns about economic uncertainty, Dominion CEO Robert Blue said.

“We’re seeing continued appetite for additional data center capacity in our service territory,” Blue said. “They want to go fast, they always want to go fast. That’s their business, that’s always been their business. We’ve been effective at serving them thus far. I don’t see any reason why that’s going to change in the future,” he said.

Executives with Amazon and Nvidia said last week at an energy conference in Oklahoma City that data center demand is not slowing. Dominion shares rose about 1% in Thursday trading as the utility maintained its full-year operating earnings guidance of $3.28 to $3.52 per share.

This post appeared first on NBC NEWS

previous post
Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock
next post
Top 5 Canadian Mining Stocks This Week: Lion Rock Jumps 60 Percent

You may also like

FDA officially authorizes Zyn nicotine pouches for sale...

January 18, 2025

Store closures hit highest level since pandemic —...

January 25, 2025

Amazon gets FAA approval for new delivery drone...

November 7, 2024

Elon Musk, Tesla, Warner Bros. Discovery sued over...

October 23, 2024

23andMe files for bankruptcy as co-founder Anne Wojcicki...

March 25, 2025

How a single failure can take down a...

July 20, 2024

United Airlines reaches ‘industry-leading’ labor deal with flight...

May 24, 2025

Paramount special committee extends Skydance ‘go shop’ period...

August 24, 2024

American liquor exports hit record high in 2024,...

April 25, 2025

Meta’s head of AI research announces departure

April 2, 2025

Recent Posts

  • US and Iran clash over uranium enrichment as nuclear talks resume in Rome
  • Hundreds of Ukrainian prisoners released in swap with Russia, Zelenskyy says
  • Trump signs executive orders bolstering nuclear industry, domestic uranium mining
  • Trump administration plans to overhaul National Security Council, weeks after Waltz’s departure
  • Satellite images reveal North Korea’s mangled naval destroyer after failed launch

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (742)
    • Investing (2,168)
    • Politics (2,688)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.