Venture Capital

Venture Capital

AEP secures $1.6B loan to help upgrade power lines for data centers

Loan will be used to upgrade transmission lines in five statesAEP says energy demand growth at levels not seen in a generationUpgrades will support data centers, AI, manufacturing(Reuters) - American Electric Power has secured a $1.6 billion loan guarantee from the U.S. Department of Energy to upgrade nearly 5,000 miles of transmission lines across five states, the utility said on Oct. 16, as demand surges from power-hungry data centers.AEP Transmission will upgrade power lines in Indiana, Michigan, Ohio, Oklahoma and West Virginia, primarily to support data centers, artificial intelligence and...
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