New Jersey Data Center Intel

Recent New Jersey data center news

• Apr 10, 2024

  FERC approves PJM’s $5.1B cost-share plan for transmission to be built by Dominion, others

  FERC approved PJM’s $5.1B transmission plan involving Dominion, Exelon, FirstEnergy, PPL, NextEra, Transource, and Public Service Electric & Gas. Disagreements arose over allocating costs to Virginia due to data center growth incentives, with FERC rejecting a larger share for Virginia. FERC Commissioners Clements and Christie highlighted the regional nature of PJM’s system and advocated for state involvement in resolving cost allocation issues for projects driven by state policies.

• Mar 26, 2024

  States shouldn’t have to pay for transmission driven by other states’ policies: FERC’s Christie

  Mark Christie, a FERC commissioner, opposes making states pay for transmission projects supporting other states’ energy policies. He highlights unfairness and potential litigation risks, urging voluntary consent for costs. NextEra Energy Transmission’s Mid-Atlantic Resiliency Link project and Talen Energy’s Brandon Shores plant retirement are linked to state policies and face cost allocation challenges.

• Feb 28, 2024

  Data center demand pushes organizations to secondary markets: JLL

  Data center demand remains strong despite concerns. JLL reports preleased capacity for 2024, necessitating early IT planning. Northern Virginia and Phoenix drive primary market activity. Secondary markets offer cost-effective solutions. Generative AI’s power needs spur activity in New York and New Jersey. Colocation providers and hyperscalers enhance infrastructure for AI services.

• Feb 12, 2024

  FirstEnergy increases 5-year spending plan 44%, to $26B, drops 2030 carbon goal

  FirstEnergy plans to increase its 5-year spending plan by 44% to $26 billion. The company will focus on improving its distribution system, including grid modernization and investments in clean energy technologies. However, FirstEnergy has dropped its goal of reducing carbon dioxide emissions by 30% below 2019 levels by 2030. The company still aims to achieve net carbon neutrality by 2050. FirstEnergy’s fourth-quarter income from continuing operations improved significantly compared to the previous year.