[SMM Tin Newsflash: Companies Such as Google and Tesla Promoted the Use of Idle Power Grid Capacity to Lower Electricity Prices]

Published: Mar 11, 2026 11:52

Save

According to AXIOS, a new alliance formed by a group of companies including Google and Tesla will address energy affordability by making use of underutilized capacity on the power grid. As artificial intelligence data centers and other sources of demand drive electricity prices sharply higher, electricity affordability has become a central issue. The alliance, named Utilize, is expected to work with state lawmakers, regulators, utilities, and others to address electricity affordability by improving how the power grid operates, while also taking into account reliability of supply and the speed of construction. Alliance officials said they plan to soon release a study by Brattle Group showing that, through system improvements, US consumers could save as much as $180 billion over the next decade. Utilize’s members also include air-conditioning giant Carrier, deployment services company Sparkfund, power panel enterprise SPAN, and data center developer Verrus.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

Data: SHFE, DCE market movement (May 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 18 May , 2026

13 hours ago

17 hours ago

Tin Prices Moved Sideways After Falling from Highs, Spot Market Waited on the Sidelines with Low-Price Orders [SMM Tin Midday Review]

[SMM Tin Midday Review: Tin Prices Moved Sideways After Declining from Highs, Spot Market Placed Orders on Dips and Adopted a Wait-and-See Approach]

17 hours ago

20 hours ago

Hangzhou Hosts Embodied AI Conference; Wasu Media Leads Industry Chain Alliance for Pilot Base

On May 16, the Hangzhou Embodied AI Innovation and Development Conference and the unveiling ceremony of the National AI Application Pilot Base (Embodied AI) were held in Hangzhou High-tech Zone (Binjiang). Wasu Media, together with Hangzhou High-tech Sci-tech Innovation Group, Hangzhou Data Group, Unitree Robotics, Galbot, Moore Threads, Metax, Huace Film & TV, and 18 other industry leaders, signed agreements collectively to form an entire industry chain alliance covering capital, chips, hardware, and applications. Wasu Media will participate in the investment and construction of the base, jointly exploring the application of embodied AI in scenarios such as urban governance, smart cultural tourism, and the low-altitude economy.

20 hours ago