Blackstone Group

U.S. Energy secretary, visiting Iowa, says data centers will drive energy production

U.S. Energy Secretary Chris Wright visited the QTS Data Center campus in Cedar Rapids, Iowa, highlighting the importance of data centers for "reindustrialization" and the need for increased power generation. QTS is investing $10 billion in the project, which will use a closed-loop water system and a five-year electricity rate freeze for local customers. Wright also supported an Iowa legislative proposal to exempt nuclear energy facilities from sales and use taxes.