British Columbia’s Energy Revolution: Powering the Future of AI and Tech
British Columbia is set for a transformative shift in its energy allocation policies, focusing on a competitive bidding process for AI, data centers, and hydrogen projects. This change aims to prioritize growth in critical natural resource and manufacturing sectors. Here are the key highlights:
- New Bidding Framework: Companies in AI and data centers will need to bid for an annual allocation of 300 megawatts and 100 megawatts of power, respectively, starting January.
- Permanent Ban on Cryptocurrency: The government has also implemented a permanent ban on cryptocurrency connections to the grid.
- North Coast Transmission Line: The expedited construction of a new transmission line aims to support regional economic growth, anticipated to create approximately 9,700 jobs and generate nearly $10 billion annually in GDP.
Premier David Eby emphasizes that this strategy is crucial for securing British Columbia’s position in the global supply of critical minerals.
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