Rising electricity costs driven by data center growth are squeezing profit margins for manufacturers in the U.S. Rust Belt, potentially threatening President Donald Trump’s plan to revive domestic manufacturing.
A Reuters analysis found that factory electricity bills are rising faster than those for other customers, with Ohio’s Belden Brick Company seeing its monthly charge jump from $1,600 to $12,000. The Steel Manufacturers Association warned that steel companies in the PJM Interconnection region are paying tens of millions more annually, as electricity accounts for 20 to 40 percent of steel production costs.
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