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With developers buying up large swathes of land in the Salt River Project service area, its governance is less certain than ever.

Early voting began last week for control of the Salt River Project, the large water and electric utility that serves the Phoenix metropolitan area. Due to a convoluted series of events dating back to 1903, it is the only major election in the United States since before the Civil War that still requires voters to be landowners, with the value of one’s vote tied directly to how much land one owns. If you’re on a sixth of an acre, as many people in the Valley are, you get one-sixth of a vote. If you’re a renter, you get zero. Large landowners may get hundreds.
Because only an estimated 1% of eligible voters actually cast ballots in the SRP races — until recently, to learn if you even could vote, you had to call the corporate secretary on the phone — the utility has been a target for clean-energy and environmental groups, who see the election as a high-leverage opportunity to flip the traditionally more conservative board, council, and presidency, and press for more investment in renewables. Despite being located in one of the country’s sunniest regions, only around 8% of the SRP’s portfolio is solar. In recent years, groups like Lead Locally, the Sierra Club, and Jane Fonda Climate PAC have helped put six renewable energy advocates on the 14-member board.
“We’ve been gradually building towards the majority, and this is the year we can realize that,” Arizona State Senator Lauren Kuby, who ran for an SRP board seat in 2024 and lost, told me. Also up for election this year are Sandra Kennedy and Casey Clowes, a young Sunrise Movement activist, who are running together for president and vice president of the board, marking a significant push by clean-energy advocates for greater control.
If the slate fails to make a dominant showing, the alternative is “a board that’s pushing for more fossil fuels, and that’s going to be really bad,” Nick Arnold, a political committee chair for the Sierra Club Grand Canyon Chapter, told me. The Salt River Project would become “ground zero for an even worse cost‑of‑living crisis than we’re already seeing across the country,” he added — especially given the recent influx of data centers.
Though many Phoenix-area data centers are located outside the SRP voting area, a Heatmap analysis found at least 60 across 40 distinct locations within the SRP’s voting territory that are already operating or under construction. “What we’ve seen is that land that has been stewarded by a family trust has been reclassified into an LLC to be sold off for data center development, which makes it ineligible to vote in the SRP election,” Arnold said.
Because land is directly tied to votes in the SRP election and businesses can’t vote, the more acres in corporate hands, the fewer votes available for candidates of any stripe. With the margins in SRP elections often in the high hundreds or low thousands, a few large data centers can make the results unpredictable. Data center companies purchased roughly 500 acres of land within the Salt River Project boundaries in 2024 alone, the analysis found, chunks of which would have counted as votes in prior years. Though much of that land was located in odd-numbered districts, which don’t vote this year (again, this is a very strange kind of election), what’s certain is that the voter rolls are changing — and influence is being redistributed.
The strangeness also creates a potentially complicated flip side for the clean energy advocates, who are wary of data centers encroaching on the Valley’s limited water resources: In theory, the more landowners who sell to data center developers, the stronger small voters will become in the SRP elections as large, single-voter-owned parcels are taken off the map.
Large landowners tend to prefer the status quo. In Kuby’s previous attempt at getting a seat on the board, she lost to an alfalfa farmer and son of a former SRP president who named one of his LLCs Hitler Management as a “joke.”
“All [Kuby’s opponent] had to do was call up 10 to 20 of the largest-acre voters and make sure they get their ballot in for him,” Arnold said. “It’s that easy for status quo pro‑fossil‑fuel people to whip their votes, as opposed to adding up to that same amount across a bunch of 0.1- to 0.4-acre homes.”
Yet despite the potential rebalancing of the scales, shenanigans still abound. Ahead of the 2024 election, for example, one longtime agricultural family transferred around 217 acres from an LLC, which can’t vote, into a trust, which can, according to an investigation by Stephanie Chase of the Energy & Policy Institute, an anti-fossil fuel watchdog group. After the family’s preferred candidate won by a margin of 263.88 votes — 76% of which was attributable to the hastily thrown-together trust — the family then transferred the land back into an LLC and sold it to a data center.
I spoke to Chase about her report, and she told me she sees the data center component as mostly incidental. “The bigger story,” she said, “is the outsized influence that large landowners have in the SRP races because of how their voting scheme is set up.” But she also noted that “eventually, if a data center is developed [on the family’s land], they’re going to have influence and say in how any contract between SRP and that data center company gets developed or agreed upon.”
In seeming confirmation of how intertwined the SRP elections and data center issues are, developer Edgecore is reportedly planning a massive “technology and employment hub” on the Dobson Farm, the Dobsons being another major landowning family in the Valley. Chris Dobson is also running for SRP president this year.
Meanwhile, both Edgecore and Google, which is building its own data center complex in Mesa, have donated to Arizonans for Responsible Growth, a political action committee linked to Turning Point USA, the far-right political group founded by Charlie Kirk. (Google recently pulled back money from the PAC, potentially over concerns about bad press, the Phoenix New Times reports.)
Turning Point’s entry into the SRP race has caused major alarm among clean energy organizers; a spokesperson for the slate of clean-energy candidates told Axios they’re being outspent 10-to-1. But Ken Clark, who is part of the coalition and running for election in District 6, told me that the conservative group’s efforts could still backfire. Because of the hoops voters have to jump through to cast a vote in the SRP race, outcomes have historically been determined by which side is better at motivating voters to request ballots. “I do believe that Turning Point USA is inadvertently registering — for lack of a better word — a lot of people who are probably uncomfortable with their message or uncomfortable with data centers,” he told me.
Heatmap Pro’s opinion model, which forecasts data center and clean energy opposition based on proprietary polling and demographic data, backs up Clark’s instinct, showing that people in Phoenix’s Maricopa County strongly oppose the development of data center projects.
It remains anyone’s guess how, or even whether data centers will affect the outcome of the 2026 SRP elections, which conclude on April 7. But they seem all but certain to in the coming years. Since the margins of the Salt River Project elections are often in the high hundreds or low thousands of votes, even a single data center that takes votes off the map could, in theory, tip the balance of a race — perhaps even against the data centers themselves.
“The board has the power to either make things more affordable or double down on fossil fuels and supply the data centers with energy subsidized by ratepayers,” Arnold said. “It’s a scary two paths that we’re looking at this year.”
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The latest forecast from BloombergNEF raises its estimate for AI electricity demand by 83%.
Energy analysts at BloombergNEF predicted last year that U.S. data center electricity demand would reach 106 gigawatts within the next decade. In its latest outlook, released Tuesday, the group increased its forecast by 83%, to 194 gigawatts — enough to light up 150 million homes, or roughly every single household in the country today.
Even that may be a conservative estimate. If data center developers were to max out the total number of the high-powered chips used to train and operate AI models forecast to be delivered by 2035, electricity demand would reach 229 gigawatts.
Over 100 gigawatts of that demand has entered the development pipeline since the beginning of this year, the result of both rising demand for artificial intelligence and shortened construction timelines for data centers. Some developers have oriented their site selection around energy availability, redeveloping brownfield energy generation sites for quick access to electricity and developing relationships with utilities. Others have eschewed grid interconnection entirely and instead relied behind-the-meter power generation.
As Mark Daly, head of technology and innovation at BNEF and a co-author of the report, pointed out to me, a growing share of the project pipeline comes from first-time developers. He and his colleagues project that non-hyperscaler data center capacity will nearly quintuple over the next decade, as hyperscaler capacity almost triples. That could ultimately create pipeline risks, however, as small-scale developers lack the capabilities of more experienced developers to optimize around pre-construction bottlenecks and navigate rapidly growing local opposition. Although local opposition to data centers has become prevalent, historic trends and predictions on how quickly developers are able to navigate hostile environments are built on the proficiency of experienced developers. Because first-time developers may face more challenges, Daly told me that data center projects overall “would see an increase in the number of delays.”
All of this, of course, comes with a big asterisk. The data center sector is rapidly evolving, and therefore highly uncertain. Among leading market research firms, BNEF said, there is a 100-gigawatt spread between the lowest and highest predicted electricity demand from data centers in 2030. Driving this spread are differences in assumptions about the average development timeline for a data center project. Daly told me that BNEF’s “project-based estimate is middle-of-the-road to bearish compared to other outlooks,” but also acknowledged that the fickle nature of local opposition on development timelines may place more constraints on future data center development than currently modeled.
No matter which prediction turns out to be most accurate, hourly U.S. electricity demand will come under intensifying pressure. BNEF predicts that average hourly U.S. electricity demand from AI workloads will grow five-fold over next nine years, reaching 120 gigawatts by 2035. That will put data centers at 12% of total electricity consumption on average by 2030, and 20% in 2035, up from 5% in 2025, according to figures from the International Energy Agency. This will put particular strain on electricity prices in markets like the Mid-Atlantic’s PJM, where data centers already comprise nearly a third of electricity consumption, and Texas’ ERCOT, where data centers currently consume a fifth of the market’s electricity.
Even the most conservative bet on future data center electricity demand is a scenario we’re not prepared for. If the Electric Power Research Institute’s prediction that just 56 gigawatts of new data center capacity will be up and running by 2030 — the lowest estimate BNEF cited — that would still consume the equivalent of Sweden’s total energy supply. Absent investments from utilities into grid resilience and intensive permitting reform to speed up renewable energy siting and development, PJM and ERCOT customers will not be the only ones feeling a serious squeeze in their wallets when their monthly utility bills arrive.
Current conditions: Tropical Depression Two strengthened into Tropical Storm Bertha yesterday, recycling the name of the 1996 Atlantic hurricane season’s first major storm • Floods from the monsoon season killed at least four people in Vietnam and left as many missing • Lightning in Utah sparked the state’s latest wildfire, the Meeks Fire, near the Strawberry Reservoir.
President Donald Trump’s on-again, off-again feud with America’s northern neighbor is, as of Monday, back on again. The White House imposed 50% tariffs on most Canadian goods, accusing the nation’s geographically nearest ally and closest cultural bedfellow of unfairly discriminating against American automotives, alcohol, and dairy products. The move threatens to unleash what the Associated Press called “a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before Trump’s return” to office.
In its announcement, the Trump administration said the new tariffs would “apply to all covered goods regardless of whether a good originates under the U.S.-Mexico-Canada Agreement,” referring to the Trump-negotiated North American free trade agreement, which the U.S. opted this month not to renew. This struck my colleague Robinson Meyer as ominous. “If the White House now thinks it can levy taxes despite that pact,” he wrote in yesterday’s Heatmap Daily newsletter, “then the risks for Ford, General Motors, and their suppliers have increased.”
Perhaps the only thing growing faster than voters’ antipathy toward data centers is the market’s desire for more of them. Demand for data centers is ballooning at such a rapid clip that BloombergNEF just raised its total forecast for 2035 by a jaw-dropping 83%. The latest data outlining the best-case scenario from the energy consultancy, released Tuesday morning, shows the total installed capacity of U.S. data centers reaching 194 gigawatts in the next nine years. The surge reflects how quickly new server farms are flowing into the project pipeline. In a bid to hedge against the continued expansion, BNEF created a new scenario based on the implied power demand of forecast shipments of microchips for AI computers up to 2033. This scenario implies an even greater need for power: 229 gigawatts of demand from data centers in just the next seven years. And that doesn’t count the continued growth of demand from data centers carrying out non-AI functions, such as traditional cloud computing workloads. This comes as the latest Heatmap Pro polling shows that seven in 10 Americans now oppose data centers in their backyard, a marked shift from last September, when the same survey showed voters evenly split in support and opposition.
That ballooning demand is already showing up in power markets. Of the $16.4 billion in charges from PJM Interconnection’s most recent capacity auction, $6.3 billion — some 38% — stems from data centers. That’s what Joseph Bowring, president of PJM’s independent market monitor Monitoring Analytics, told Utility Dive last week. In the last four base capacity auctions the nation’s largest grid operator held, 46% of capacity charges were driven by data centers. “PJM is continuing to act like it’s business as usual,” Bowring told the trade publication Friday. “You have to open your eyes and recognize that it is really a paradigm shift, and failing to do that imposes costs on other customers.”

On a logical level, it’s a simple supply and demand problem. The supply of electricity is not growing as quickly as demand, all while the Trump administration eliminates subsidies that once buoyed investments in new supply. As a result, corporate electricity deals look poised to increase in price. But not for every generating source. New estimates from LevelTen, a marketplace for power purchase agreements, found that solar PPAs were 5% cheaper in the second quarter of this year compared to the first quarter. In a piece by my colleague Matthew Zeitlin, LevelTen attributed the decline to an especially steep drop in prices in California’s electricity market. Excluding CAISO, solar PPA prices nationwide dropped slightly less than 2%. While hyperscalers are still buying solar, LevelTen found that commercial and industrial buyers are pulling back, creating a “continued softening in the market’s buy-side.” “We saw a lot less corporate energy buyers in the space in 2025 — 40% less — and that is just due to the increase of hyperscalers and data centers getting projects and snapping them up quickly,” Sarah Wolf, LevelTen’s director of North American transactions, told Matthew.
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Ah, Germany. The land of the Autobahn. Diesel-powered industry. The purring engines of BMWs, Porsches, and Mercedes-Benzes. The nation’s automotive might makes its latest milestone particularly important: Electric vehicles just outsold gas and diesel cars for the first time. New data from the Federal Motor Transport Authority shows that Germans registered 84,057 new electric vehicles in June, a more than 78% year-over-year increase. Traditional hybrids, meanwhile, saw 83,315 registrations, followed by gasoline-powered cars with 60,796, diesel with 33,862, and plug-in hybrids with 32,212. “The automotive history books will need a new page sooner rather than later, after electric cars outsold every other fuel type in Germany for the first time,” InsideEVs reporter Iulian Dnistran wrote. “It’s a huge shift in Europe’s biggest car market, which has traditionally been associated with diesel-powered cars that could travel hundreds of miles at highway speeds without breaking a sweat.” The Tesla Model Y was by far the best-selling EV in Germany, with nearly twice as many registrations as the No. 2 vehicle, the Volkswagen ID.3.
Putting on my Mesopotamian metal merchant hat again: Copper prices are back up. The price of the metal needed for virtually all electrical infrastructure rose 1.3% to just under $14,000 per metric ton, according to Mining.com. The price ultimately hovered at the red metal’s record set in early June. The spike stems from data showing rising tightness in the Chinese market, namely a hike in the premium buyers will pay in Shanghai for shipments of the metal. The price hiked further after a series of storms halted production in Chile for a few days.
While the West dithers on hydrogen, China is making huge strides. It already may be too late to catch up to Beijing on manufacturing the key machinery needed to produce the zero-carbon fuel. The latest data point, via Hydrogen Insight: China just shipped its largest electrolyzer order yet to Europe, via Romania.
A new report from LevelTen Energy shows that advance purchase prices are down for solar but up for wind.
The renewables market is in a state of flux. On the one hand, the tax credits that were a key pillar of wind and solar project financing have started to expire, while the race to be up and running in time to claim those that remain is on.
At the same time the renewables industry is getting whacked by federal tax policy, it’s also getting a shot in the arm from hyperscalers and data center developers, many of whom are hungry for power that can be deployed quickly to the grid and complies with their clean energy pledges.
“There’s a massive onslaught of demand, not enough supply to meet that demand and then Trump’s administration effort to slow down certain types of supply,” Jon Powers, the president of solar and storage developer CleanCapital, told me, describing how data center buyers are snapping up whatever power they can.
So what does this mean for pricing in the market? LevelTen, a marketplace for power purchase agreements, looked at the data and, in a report released Tuesday, found that solar PPAs were almost 5% cheaper in the second quarter of this year compared to the first quarter.
LevelTen attributed this decline in part to an especially steep drop in prices in CAISO, the California electricity market; excluding CAISO, solar PPA prices dropped slightly less than 2%. And while those hyperscalers are still buying, LevelTen found, other commercial and industrial customers are pulling back — what the analysts described as a “continued softening in the market’s buy-side.”
“We saw a lot less corporate energy buyers in the space in 2025 — 40% less — and that is just due to the increase of hyperscalers and data centers getting projects and snapping them up quickly,” Sarah Wolf, LevelTen’s director of North American transactions, told me.
To explain California specifically, Wolf said that the market there tends to be more volatile than in the rest of the country due to the expense and regulatory hurdles to development. With fewer new projects coming online, especially as compared to a larger, more light-touch market like Texas, individual project pricing can swing average prices more.
The tax credit cliff is “creating this very competitive atmosphere, where buyers are feeling like — in order to safe harbor their equipment, to keep on the development timelines that they have — they need to get a PPA in place,” Wolf said. “They’re looking competitively for a buyer. That’s driving some pricing down.” The same holds for renewables developers, who have wanted to get a PPA in place as quickly as possible, giving leverage to buyers who can demand lower prices.
The other factor driving down prices LevelTen identified was potential revisions to standards issued by the Greenhouse Gas Protocol, which are currently the subject of a long and fraught overhaul process.
“We have many buyers who are fully leaning in and want to contract now,” Wolf said. “And we have buyers who are in a kind of a ’wait and see’ — they want to better understand what that’s going to be, so there’s not a risk that they might have to unwind something.”
As for wind, PPA prices have actually risen, according to LevelTen’s data — up 5.5% on the quarter and 17.5% on the year. “We’re also seeing wind just being less competitive than solar,” Wolf added.
The report attributed this to tariffs, gas prices pushing up delivery costs, and the “ongoing federal permitting bottleneck that has largely ground new-build wind development to a standstill.” That means specifically the Department of Defense’s efforts to hold up wind projects on potentially spurious national security grounds.
This has meant a “fast-dwindling pipeline of viable wind assets,” LevelTen’s report says, “and price premiums for fully permitted projects available for offtake.”
In short, the best news for individual wind developers may be bad news for the industry — and the climate — as a whole.