Corporations Trade Energy, Disney Hires Trader

Electricity prices in the US have surged, driven by AI, data centers, and clean energy. States like Virginia, with numerous data centers, have seen significant increases. In response, major corporations, particularly in tech, are directly engaging in energy trading. Disney is hiring an energy trader, while Meta Platforms has applied to become a power marketer. Tech giants like Amazon, Alphabet, and Microsoft already have full-scale energy market desks. This proactive approach helps stabilize costs in a complex energy landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.