South Carolina Data Center Intel

Recent South Carolina data center news

• Feb 6, 2024

  Duke Energy proposes new South Carolina gas plant to meet load growth, but groups question projections

  Duke Energy has proposed a new gas plant in South Carolina to meet the state’s growing energy demand. The company expects a significant increase in load growth due to the booming population and economy in the region. However, some groups question the load growth projections and criticize the reliance on natural gas, calling for more focus on renewable energy sources like offshore wind. Duke’s updated plan includes the addition of advanced nuclear, solar, and storage projects. The decision on the plan will be made by the Public Service Commission of South Carolina in November.

• Dec 5, 2023

  Megaprojects drive up demand for steel

  Megaprojects in the manufacturing and data center sectors are increasing demand for steel, putting pressure on sourcing and prices. Contractors, particularly smaller ones, are facing challenges due to increased costs and longer lead times for residential projects. While steel prices have seen some decrease, they are still significantly higher than pre-pandemic levels. However, steel pipe and tube demand represents a small fraction of overall steel demand, so the impact on steel prices may not be immediate. Factors such as declining global demand and softer activity in nonresidential segments may moderate steel prices in the future.