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Small businesses could see electricity bills surge 70% as AI data center energy demands skyrocket

Smaller firms will feel the strain from data center development as surging energy demands ramp-up costs, new research shows. The research, co-authored by the Jack Kemp Foundation and Capital Policy Analytics, suggested that US consumers and small businesses could see a 70% uptick in their energy rates on the back of data center power consumption. Already struggling against inflationary pressures,…