Tag: Electricity Markets

London’s aging power grid undermines British AI ambitions, Virtus Warns
Technology

London’s aging power grid undermines British AI ambitions, Virtus Warns

[ad_1] London's electricity system is struggling to add more data centers, deterring potential investment and undermining Britain's ambitions in technology like AI, a business has warned the UK energy regulator.“A combination of lack of immediate power combined with delays in future power is preventing us from growing our business within the southeast of England via the addition of new sites,” Virtus Data Centres Ltd.'s engineering director, Peter Betts, wrote. It's “preventing the region from reaping the benefits from future technological advancements in areas such as artificial intelligence, an area in which the UK wishes to become the global center of excellence.” Lack of power in the southeastern part of England has stalled about £500 million ($636 million) of investment in new data...