The AI boom has become a lifeline for the politically-targeted solar industry. (Axios)
Despite solar meeting 61% of all new US electricity demand last year, analysts at BloombergNEF cut its utility-scale solar outlook by 25% last fall. The Trump administration’s permitting freezes and the accelerated sunset of federal tax credits have made solar’s future less certain.
So? Developers are aggressively courting data centers to weather the storm. SOLV Energy’s recent IPO filing mentions the sector over a dozen times, banking on tech giants' urgent need for electrons to offset the loss of federal support.