The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (12718)	5/22/2024 12:36:10 AM
From: elmatador	of 13256

The state of Maryland wants to develop the former Alcoa aluminum plant in Buckseyetown into a data center park. Aluminum is called solid electricity as its cost is 70% electricity. "Eastalco closed Buckseyetown's major operations on December 19, 2005 when its contract with a regional energy company expired and rates for their electricity would have tripled. Alcoa was unable to find what they deemed to be a cost-efficient source of power." Now the Maryland government wants to implement an energy-intensive data center on the site. If there was no electricity to run the Alcoa aluminum plant, where would they get electricity to run data centers? Led by former Terremark and CyrusOne executive Josh Snowhorn, Quantum Loophole has partnered with TPG Real Estate Partners (TREP) and is developing a 2,100-acre, gigawatt-scale data center park in Maryland’s Frederick County. "An effort to reopen the Eastalco Alcoa Works stalled in 2007 after plans to build a dedicated power plant at the Indian Head Naval Surface Warfare Center in Charles County, MD, fell through. Alan Brody writes, "The approximately $1 billion plant would have created up to 200 permanent jobs, along with a stable energy supply and additional corporate tax revenues to Charles County." Alcoa decided that the cost was too great." Looks like the place refuses to be revived. Northern Virginia is home to almost 300 data centers, the highest concentration of these facilities in the world. But Maryland is looking to get in on the action, and the push to make the state a major hub for data centers is a top priority of Gov. Wes Moore (D) and will be part of his legislative package in the upcoming General Assembly session. These are the types of plans governments are using to keep data centers piling up in the United States.

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