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New Jersey Faces 20% Electric Bill Hike Amid AI Boom

6/19/2025

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Summary

Story summary

New Jersey residents may soon see a staggering 20% hike in their electricity bills as the surge in AI-driven data centers fuels demand. These centers currently consume 4.4% of the nation's electricity and are expected to double their usage by 2030. Tech giants like Microsoft and Amazon are racing to secure energy sources, including nuclear power, to keep pace with this explosive growth.

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Story summary

New Jersey residents may soon see a staggering 20% hike in their electricity bills as the surge in AI-driven data centers fuels demand. These centers currently consume 4.4% of the nation's electricity and are expected to double their usage by 2030. Tech giants like Microsoft and Amazon are racing to secure energy sources, including nuclear power, to keep pace with this explosive growth.