President Donald Trump announced plans to make emergency declarations to construct energy plants to power artificial intelligence in the near future. However, the process of developing new facilities can be time-consuming and requires various approvals at local, municipal, and federal levels.
Trump mentioned that the energy needed for these facilities could be sourced from different places, including coal, which he described as a readily available and clean energy source in the United States. He also highlighted the potential for job creation through these projects.
Despite Trump's assurance of swift approvals for these projects, the reality is that establishing new energy facilities involves navigating through a complex web of local, state, and federal regulations.
According to McKinsey, the timeline for completing a data center development project, utilizing existing power sources, typically ranges from 18 to 30 months. However, the construction of new power generation projects often extends beyond this timeframe due to the approval processes and regulatory requirements.
