The Trump administration plans new executive orders to boost American energy production for artificial intelligence needs. Reuters reports these rules will help AI data centers access federal land and connect power projects to the national grid more easily. Each AI data center graphics card consumes about 700 watts of electricity. The International Energy Agency predicts global data center power demand could reach 945 terawatt-hours within six years. AI data centers may use four times more electricity during this period.
The executive orders will speed up approval times for power generation projects that are almost ready for grid connection. Federal land controlled through the Pentagon and Interior Department could become available for new AI data centers. Companies like Oracle and CoreWeave have seen their stock prices jump dramatically this year. Oracle shares have risen 28 percent since January started. CoreWeave stock has climbed an amazing 295 percent since the company began trading in March.
Trump has already signed several energy-focused executive orders since taking office in January. These orders lifted restrictions on liquefied natural gas exports and encouraged more oil and gas drilling in Alaska. The president wants to expand domestic energy supplies and reduce dependence on imports for national security reasons. Nuclear energy companies have also benefited from increased AI power demands. GE Vernova shares have gained nearly 50 percent this year and jumped 187 percent over the past twelve months.
The executive orders will speed up approval times for power generation projects that are almost ready for grid connection. Federal land controlled through the Pentagon and Interior Department could become available for new AI data centers. Companies like Oracle and CoreWeave have seen their stock prices jump dramatically this year. Oracle shares have risen 28 percent since January started. CoreWeave stock has climbed an amazing 295 percent since the company began trading in March.
Trump has already signed several energy-focused executive orders since taking office in January. These orders lifted restrictions on liquefied natural gas exports and encouraged more oil and gas drilling in Alaska. The president wants to expand domestic energy supplies and reduce dependence on imports for national security reasons. Nuclear energy companies have also benefited from increased AI power demands. GE Vernova shares have gained nearly 50 percent this year and jumped 187 percent over the past twelve months.
