• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Editor's Pick

Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

by admin May 3, 2025
May 3, 2025

Data center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday.

Dominion provides electricity in Loudoun County, nicknamed “Data Center Alley” because it hosts the largest cluster of data centers in the world. The utility works closely with the Big Tech companies that are investing tens of billions of dollars in data centers as they train artificial intelligence models.

“We have not observed any evidence of slowing demand from data center customers across our service area,” Dominion’s chief financial officer, Steven Ridge, told analysts on the company’s first-quarter earnings call.

Wall Street has speculated that the tech sector might pull back investment in data centers as President Donald Trump’s tariffs make it more difficult to source parts and raise the risk of a recession. The emergence of China’s DeepSeek AI lab sparked a sell-off of power stocks earlier this year as investors worried that its model is more energy efficient.

Dominion has 40 gigawatts of data center capacity in various stages of contracting, Ridge said. Data center customers have not paused spending on new projects in Dominion’s service area and they have not shown any concerns about economic uncertainty, Dominion CEO Robert Blue said.

“We’re seeing continued appetite for additional data center capacity in our service territory,” Blue said. “They want to go fast, they always want to go fast. That’s their business, that’s always been their business. We’ve been effective at serving them thus far. I don’t see any reason why that’s going to change in the future,” he said.

Executives with Amazon and Nvidia said last week at an energy conference in Oklahoma City that data center demand is not slowing. Dominion shares rose about 1% in Thursday trading as the utility maintained its full-year operating earnings guidance of $3.28 to $3.52 per share.

This post appeared first on NBC NEWS

previous post
Tesla denies report it’s looking to replace Elon Musk
next post
Editor’s Picks: Gold Pulls Back, Experts Not Worried; Eyes on Fed Next Week

Related Posts

Customers sue sneaker company On over shoes that...

October 21, 2025

Giorgio Armani group names longtime executive Giuseppe Marsocci...

October 18, 2025

LendingTree founder and CEO Doug Lebda dies in...

October 16, 2025

UPS is ‘disposing of’ U.S.-bound packages over customs...

October 14, 2025

China outlines more controls on exports of rare...

October 11, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 8, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • American missionary kidnapped in Niger by suspected Islamist militants, sources say

      October 23, 2025
    • Schumer blocks 12th GOP bid to reopen government as Trump says Democrats ‘lost the negotiation’

      October 23, 2025
    • Trump meets NATO’s Rutte amid canceled Putin meeting: ‘It didn’t feel right to me’

      October 23, 2025
    • FLASHBACK: Ted Cruz predicts ballooning Obamacare subsidies now at center of shutdown fight

      October 23, 2025
    • Sparks fly as Cuomo, Mamdani tear into each other during fiery debate: ‘Toxic energy’

      October 23, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    The High Costs of Eliminating De Minimis Shipping

    February 21, 2025

    Orange juice importer says Brazil tariffs will squeeze...

    July 23, 2025

    Kraft Heinz to remove artificial dyes from U.S....

    June 18, 2025