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The deal will add residential assets to Voltus’ portfolio, expanding options for data centers in key markets.

Firms seek to cash in on the AI boom by backing businesses that provide developers with power-plant and data-center sites along with grid access

The hubbub about data centers — and their growing appetite for electricity — comes with concerns ranging from how much energy they will use to how that use will affect energy affordability, the environment, and grid reliability.

If 2024 marked the pre-dawn of the AI boom and 2025 the sunrise, we are now fully in daylight. Why it matters: This AI daylight will ripple through our midterm elections, your power bills and the future of all kinds of energy.