Trump has denounced wind and solar as the “scam of the century,” but multiple data show that the rise in electricity prices is mainly due to the surge in electricity consumption in data centers and the retirement of old coal-fired units. (Synopsis: Trump deported immigrants with an iron fist" Economist: Labor force deteriorates, inflation rate may soar nearly 4% next year, self-defeating consequences) (Background supplement: SoftBank injected $2 billion into Intel, Trump administration rumored to consider acquiring 10% of Intel’s shares as a national shareholder, rising after hours) Trump described wind and solar power as a “scam of the century” on Truth Social yesterday (20) night, and vowed to terminate new project approvals, believing that renewable energy raises US electricity prices. As soon as the news came out, the political scene and the energy market immediately shook. Is green energy really to blame for soaring electricity bills? Data and supply and demand structures reveal a more complex reality. Trump bombards green energy again: policy signals look at it at once Trump bluntly said in the post: “The era of American stupidity is over.” and said it would stop approving any new wind or farmland solar projects. This echoes recent executive actions: the Ministry of Commerce has expanded tariffs on steel and aluminum for wind turbine parts, the Ministry of Agriculture has suspended loans for farmland photovoltaics and wind power, and banned the use of foreign-made solar panels. The gradual shift in policy focus towards traditional fossil fuels has also raised questions about the reordering of political considerations and industrial interests. The Gains and Losses of Farmland Photovoltaics: A Dilemma Under Economic Pressure The Ministry of Agriculture argues that the installation of photovoltaics on farmland pushes up land prices, making it difficult for farmers to afford it, and says that arable land should not be sacrificed for “unreliable green energy experiments”. However, Reuters reported that the proportion of agricultural land actually used for renewable energy is very low, and most can still be cultivated. Bosch, a senior executive at the Solar Industries Association, said the new restrictions would make it “harder for farmers to diversify their incomes.” For many farmers, leasing part of their land to introduce photovoltaic or wind power facilities is an important way to maintain cash flow in the face of climate and market fluctuations. The debate reflects the delicate balance between food security, rural economies and the energy transition. The truth about soaring electricity bills? AI data centers are the driving force Contrary to Trump’s statement, multiple studies have pointed out that the primary reason for the rise in electricity prices is the surge in demand, according to CNBC, the PJM grid covering 13 states pointed out that AI-driven data center electricity consumption will jump from 4% of total load to 12% in 2030, and the recent increase in electricity prices will be contributed by about two-thirds. At the same time, 34 coal-fired units are expected to be retired in 2025, reducing supply by more than 14,500 MW in the PJM region, and the misalignment of supply and demand pushing up capacity auction prices, which are ultimately passed on to bills. Even in states with high penetration of renewable energy, Choose Energy statistics show that residential electricity prices will rise 36.3% in Maine and 18.4% in Connecticut between 2024 and 2025. Axios analysis points out that data centers are the key to rising electricity bills in the United States. On the supply side, renewable energy is the fastest option to fill the gap. According to data from Lawrence Berkeley National Laboratory, most of the projects waiting to be connected to the grid are solar energy and battery energy storage; However, grid interconnection approvals have been slow, limiting the release of new capacity, making it difficult to reduce price pressures. The Next Step in the Capital, Technology and Energy Transition The surge in data center electricity consumption symbolizes the new demand for infrastructure in the AI and cloud industries, and also tests the flexibility of energy policy. Policy uncertainty makes renewable energy investment less attractive, but the market is still looking for a way out. Faced with high electricity prices and capacity gaps, large technology companies are starting to build their own green power projects or develop more energy-efficient server and cooling technologies in the hope of mastering costs and reducing political risks. Crypto companies have also recently lobbied actively for a stablecoin bill in Washington, D.C., showing that emerging technologies are influencing both financial regulation and energy consumption policy direction. Trump’s “hoax of the century” rhetoric has sparked new political ripples in the energy transition, but multiple figures suggest that high electricity prices are rooted in structural gaps caused by soaring demand and the retirement of traditional units. As technology and capital drive rapid increases in electricity consumption, how to keep pace with renewable energy and grid upgrades will be key to striking a balance between economic and environmental goals in the United States and globally. Related reports US policy nuclear bomb proposal: It is recommended that Trump take tariffs from other countries to “increase his position in bitcoin” to ensure the greatness of USA Trump has hit the “loyalty” rating table for American companies! Failure to cooperate with policies could cost federal contracts How much money did Trump make out of the presidency? Calculate that you will be scared to death “Trump Kai choked “wind power and solar are scams”: the stupid energy era is over, occupying American farmland and raising electricity prices” This article was first published in BlockTempo “Dynamic Trend - The Most Influential Blockchain News Media”.
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Trump slams "wind and solar are both eyewash": the era of stupid energy is over, occupying American farmland and still raising electricity prices.
Trump has denounced wind and solar as the “scam of the century,” but multiple data show that the rise in electricity prices is mainly due to the surge in electricity consumption in data centers and the retirement of old coal-fired units. (Synopsis: Trump deported immigrants with an iron fist" Economist: Labor force deteriorates, inflation rate may soar nearly 4% next year, self-defeating consequences) (Background supplement: SoftBank injected $2 billion into Intel, Trump administration rumored to consider acquiring 10% of Intel’s shares as a national shareholder, rising after hours) Trump described wind and solar power as a “scam of the century” on Truth Social yesterday (20) night, and vowed to terminate new project approvals, believing that renewable energy raises US electricity prices. As soon as the news came out, the political scene and the energy market immediately shook. Is green energy really to blame for soaring electricity bills? Data and supply and demand structures reveal a more complex reality. Trump bombards green energy again: policy signals look at it at once Trump bluntly said in the post: “The era of American stupidity is over.” and said it would stop approving any new wind or farmland solar projects. This echoes recent executive actions: the Ministry of Commerce has expanded tariffs on steel and aluminum for wind turbine parts, the Ministry of Agriculture has suspended loans for farmland photovoltaics and wind power, and banned the use of foreign-made solar panels. The gradual shift in policy focus towards traditional fossil fuels has also raised questions about the reordering of political considerations and industrial interests. The Gains and Losses of Farmland Photovoltaics: A Dilemma Under Economic Pressure The Ministry of Agriculture argues that the installation of photovoltaics on farmland pushes up land prices, making it difficult for farmers to afford it, and says that arable land should not be sacrificed for “unreliable green energy experiments”. However, Reuters reported that the proportion of agricultural land actually used for renewable energy is very low, and most can still be cultivated. Bosch, a senior executive at the Solar Industries Association, said the new restrictions would make it “harder for farmers to diversify their incomes.” For many farmers, leasing part of their land to introduce photovoltaic or wind power facilities is an important way to maintain cash flow in the face of climate and market fluctuations. The debate reflects the delicate balance between food security, rural economies and the energy transition. The truth about soaring electricity bills? AI data centers are the driving force Contrary to Trump’s statement, multiple studies have pointed out that the primary reason for the rise in electricity prices is the surge in demand, according to CNBC, the PJM grid covering 13 states pointed out that AI-driven data center electricity consumption will jump from 4% of total load to 12% in 2030, and the recent increase in electricity prices will be contributed by about two-thirds. At the same time, 34 coal-fired units are expected to be retired in 2025, reducing supply by more than 14,500 MW in the PJM region, and the misalignment of supply and demand pushing up capacity auction prices, which are ultimately passed on to bills. Even in states with high penetration of renewable energy, Choose Energy statistics show that residential electricity prices will rise 36.3% in Maine and 18.4% in Connecticut between 2024 and 2025. Axios analysis points out that data centers are the key to rising electricity bills in the United States. On the supply side, renewable energy is the fastest option to fill the gap. According to data from Lawrence Berkeley National Laboratory, most of the projects waiting to be connected to the grid are solar energy and battery energy storage; However, grid interconnection approvals have been slow, limiting the release of new capacity, making it difficult to reduce price pressures. The Next Step in the Capital, Technology and Energy Transition The surge in data center electricity consumption symbolizes the new demand for infrastructure in the AI and cloud industries, and also tests the flexibility of energy policy. Policy uncertainty makes renewable energy investment less attractive, but the market is still looking for a way out. Faced with high electricity prices and capacity gaps, large technology companies are starting to build their own green power projects or develop more energy-efficient server and cooling technologies in the hope of mastering costs and reducing political risks. Crypto companies have also recently lobbied actively for a stablecoin bill in Washington, D.C., showing that emerging technologies are influencing both financial regulation and energy consumption policy direction. Trump’s “hoax of the century” rhetoric has sparked new political ripples in the energy transition, but multiple figures suggest that high electricity prices are rooted in structural gaps caused by soaring demand and the retirement of traditional units. As technology and capital drive rapid increases in electricity consumption, how to keep pace with renewable energy and grid upgrades will be key to striking a balance between economic and environmental goals in the United States and globally. Related reports US policy nuclear bomb proposal: It is recommended that Trump take tariffs from other countries to “increase his position in bitcoin” to ensure the greatness of USA Trump has hit the “loyalty” rating table for American companies! Failure to cooperate with policies could cost federal contracts How much money did Trump make out of the presidency? Calculate that you will be scared to death “Trump Kai choked “wind power and solar are scams”: the stupid energy era is over, occupying American farmland and raising electricity prices” This article was first published in BlockTempo “Dynamic Trend - The Most Influential Blockchain News Media”.