Tag: Jurisdiction

AIEnergyTechnology

US Energy Dept pushes 60-day grid approvals for AI datacenters

The US Energy Department is pushing regulators to slash wait times for connecting power-hungry AI datacenters to the electrical grid. Under new proposals, connection reviews would be limited to 60 days instead of the current multi-year delays that threaten to stall America’s AI infrastructure buildout.

The Biden administration is taking direct aim at one of the biggest bottlenecks facing America’s artificial intelligence boom: the painfully slow process of connecting massive datacenters to the nation’s overtaxed electrical grid.

Energy Secretary Chris Wright has directed federal energy regulators to implement new rules that would dramatically accelerate grid connections for the megawatt-hungry computing facilities powering the AI revolution. According to a letter obtained by industry sources, Wright instructed the Federal Energy Regulatory Commission (FERC) to establish procedures that could slash connection review times to just 60 days.

by Michael Turner
Personal FinancePolicy

Global Watchdog Warns Crypto Regulation Gaps Pose Financial Stability Risks

The Financial Stability Board has issued a landmark warning about uneven cryptocurrency regulations across global jurisdictions. According to their assessment, regulatory gaps could enable crypto providers to engage in jurisdictional shopping and create systemic risks during market stress.

Global Financial Watchdog Sounds Alarm on Crypto Regulation

The world’s financial stability watchdog has warned that regulators are creating too many gaps and inconsistencies when establishing rules for the rapidly expanding cryptocurrency market, according to reports from the Financial Stability Board’s landmark assessment published Thursday.

by Jessica Moore P.E.