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AEP lifts power investment to 78 billion as data centers fuel AI demand surge
Business
Published on 5 May 2026
A 7 gigawatt deal signals a new data power boom
American Electric Power (AEP) is increasing its investment plan to $78 billion, citing explosive data centre growth tied to artificial intelligence. The utility says it will expand generation and transmission capacity to keep up with rising electricity needs, and has already signed agreements covering 7 gigawatts of new projects aimed at supporting the next wave of power-hungry infrastructure.
- AEP raises its investment plan to $78 billion
- Data centre expansion linked to AI is driving power demand
- Company will build new generation and transmission capacity
- Agreements cover 7 gigawatts of new projects
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times