Alliant Targets 1 GW in New Data Center Deals

Alliant Energy expects to sign contracts for about one gigawatt of new data center demand within six months. The utility raised its four year capital expenditure forecast to 15.9 billion dollars amid rising AI power needs.

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Alliant Energy's coal plant in Sheboygan, Wisconsin, U.S. on the shore of Lake Michigan, July 4, 2022. REUTERS/Timothy Gardner

Alliant Energy expects to sign 1 GW of new data-center contracts within six months, driven by surging power demand in the United States. The new load expands existing agreements with major tech firms amid a broader industrial expansion. Earnings could exceed prior forecasts if capital spending accelerates further.