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Technology

Alliant targets 1 GW of new data-center contracts in six months as power demand surges

Jenna Larson
Jenna Larson
Jenna Larson
Bureau Chief · Fargo, ND

Jenna Larson has been reporting on the Fargo region for over 15 years. She graduated from North Dakota State University and began her career at The Forum of Fargo-Moorhead before joining the Bison Current network. Jenna's focus is on community events, local initiatives, and the stories that make Fargo unique.

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Bureau Chief · Friday, October 30, 2026 at 5:55 PM · 1 min read
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Alliant targets 1 GW of new data-center contracts in six months as power demand surges — Fargo Technology news

By Varun Sahay and Tyakshi Singh Oct 30 (Reuters) Alliant Energy expects to sign contracts for about 1 gigawatt of additional data-center demand within six months, its finance chief said on ​Friday, as rising AI use and growing electrification push ‌US power demand to record highs. The new load would add to the 3.4 GW that Alliant has already contracted with Alphabet s Google, Meta Platforms and Blackstone-backed QTS Data Centers. Earnings growth could exceed the company s 8% target if capital spending rises ‌further ​to support future load growth and other ⁠investment opportunities, Chief Financial Officer ⁠Robert Durian said on a post-earnings call. We continue to work on what I ll call capital upside for different opportunities, including the additional load growth that we may see from the data center ​prospects that we have,  Durian said. US electricity consumption hit an all-time high in 2025 and is expected to continue rising this year ⁠and the next as data-center capacity ⁠e

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