LBX(SH:603883) Hua Er Jie Jian Wen·2025-11-10 21:15Core Viewpoint - The construction boom of data centers in the U.S. is facing scrutiny from politicians due to its significant pressure on the power grid and direct impact on consumer electricity prices, raising concerns about inflation and regulatory risks for tech companies [1][3]. Group 1: Political Response - A group of left-leaning senators, led by Senator Sanders, has urged the U.S. government to explain how it will address rising electricity prices exacerbated by data center expansion [1][2]. - The senators demand that large tech companies bear the costs associated with data center construction rather than passing them on to consumers [2]. - Concerns have been raised that local regulators may yield to the financial pressure exerted by these large companies, prompting calls for federal oversight mechanisms [2]. Group 2: Economic Impact - The 5.1% year-over-year increase in electricity prices in September has contributed to persistent inflation, becoming a significant political issue [3]. - The rising electricity costs have influenced recent electoral outcomes, aiding the Democratic Party in state elections [3]. - Activists in various regions are organizing against large tax breaks for data centers, highlighting the growing local opposition to their expansion [3]. Group 3: Energy Policy - U.S. government officials are favoring natural gas and coal for energy supply while reducing subsidies for renewable energy sources [4]. - Developers are increasingly seeking to establish independent power sources to mitigate supply chain bottlenecks and regulatory challenges associated with traditional power grids [4].