Data center demand drives 66% surge in natural gas power plant costs

Tech companies are rushing to build power plants fed by natural gas to drive their data centers, but the cost to build one of these facilities has spiked 66% in the last two years. The price to build a new combined cycle gas turbine power plant has risen from less than $1,500 per kilowatt to $2,157, and it now takes 23% longer to complete a new facility