According to a report by Caixin on December 26 (edited by Xiaoxiang), for a long time, Trump and the USA's clean Energy industry have never seen eye to eye. However, some industry insiders indicate that despite Trump promising to further support the development of traditional Energy companies after taking office, even tearing up many of the subsidy policies promoting clean Energy construction during Biden's term, his rise may not only be Bearish for the clean Energy industry...

For example, Trump's enthusiasm for AI and Cryptos may inadvertently promote the development of the clean Energy companies he has criticized for years.

Industry executives say that the massive Datacenters behind AI big models and Cryptos mining consume a tremendous amount of electricity, thus requiring various possible sources of power generation - including CECEP Solar Energy and Wind Energy among other Wind Power.

Trump may inadvertently spark an investment craze for clean Energy, which contradicts fears that the industry will face political reckoning. Trump has sworn to withdraw from the Paris Climate Accord - he did so during his first term. The USA only rejoined the agreement under Biden's leadership in the past four years.

Trump has also stated he would abolish Biden's 2022 Climate Act and criticized subsidies for Wind Energy and electric Autos.

Of course, given that the relevant legislation received broad support from both parties in Congress, it is still uncertain whether Trump can actually tear up the main provisions once in office.

However, compared to the potential challenges facing the USA's clean Energy industry after Trump's rise, the benefits that his policies could bring may also be equally "tempting"...

The old man lost his horse, how can one know it is not a blessing.

Earlier this month, Trump stated in an article announcing the appointment of venture capitalist and Musk ally David Sacks as the "czar" of AI and Cryptocurrency that these two Industries are "crucial to the future competitiveness of the USA." Trump claimed that increasing Energy production would be key to winning the AI arms race with China and other countries.

He also suggested speeding up the approval process for companies investing more than 1 billion dollars in the USA, which would promote clean Electrical Utilities jobs, such as interstate transmission lines.

In fact, since the cryptocurrency boom began, mining farms for virtual currencies like Bitcoin have always been viewed as "heavy energy consumers." Trump has promised to make the USA the Global capital of Cryptos and has supported the idea of establishing a strategic Bitcoin reserve. During this campaign, Trump accepted campaign donations from the cryptocurrency Industry and spoke at Bitcoin conferences, frequently meeting with Company Executives from Bitcoin mining companies and cryptocurrency Exchanges.

Besides Cryptos, during the campaign, Trump promised to make significant changes to the regulatory approach for domestic AI development in the USA, which includes abolishing Biden's 2023 AI executive order. This indicates that a significant shift could occur in the management of AI development and deployment in the USA.

In the future, under Trump's new government arrangements, AI development in the USA will focus on advancing AI with minimal regulatory oversight and accelerating technological progress through free market methods. This approach may resonate with broader voices within the Technology Industry and bring positive effects such as expedited AI development cycles.

Currently, Datacenters are indeed placing unique stress on the USA electrical grid, as they consume more electricity over short periods and also continuously use Energy around the clock. The energy required for each new giant Datacenter could be equivalent to that of a medium-sized city.

Senator Kevin Cramer has discussed Energy strategy with Trump and his advisors. He stated, "We no longer have enough electricity to meet the demands of these Servers, whether for AI or Cryptos. That's why the USA needs as much Energy as possible, including Wind Power and fossil fuels."

Cramer currently supports former North Dakota Governor and Republican Doug Burgum. Burgum is Trump's chosen candidate for Secretary of the Interior and will lead the White House's National Energy Council.

Utility Company Executives indicated that Natural Gas and Renewable Energy will continue to account for most of the new electricity generation in the USA. A large number of solar and Wind Energy projects waiting to be connected to the grid may be the fastest way to meet electricity demands. In contrast, some Technology giants are considering building new Nuclear Power plants, which will take ten years or more.

Sheldon Kimber, CEO of renewable energy developer Intersect Power, stated, "Renewable Energy will immediately provide electricity that other resources cannot, and this growth will be explosive."

According to projections from consulting firm Grid Strategies, electricity demand in the USA is expected to grow by nearly 16% by 2029. Shashank Sane from energy developer Invenergy, responsible for transmission operations, stated, "We will need a variety of ready-to-use and buildable resources."

Editor/ping