• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

New York halts large data centre development with one-year moratorium

by July 14, 2026
written by July 14, 2026

New York became the first US state on Tuesday to halt the construction of large new data centres, introducing a one-year moratorium as concerns grow over the impact of facilities supporting the artificial intelligence boom.

The temporary ban places New York at the center of a broader national debate over how to manage the rapid expansion of AI infrastructure.

While technology companies continue to invest heavily in new data centers, lawmakers and regulators across dozens of states are considering measures to limit their effects on electricity grids, utility costs and local communities.

Governor Kathy Hochul said the decision was driven by concerns over the increasing burden large data centres could place on residents and the state’s natural resources.

“As data centres development threatens ⁠to hike up utility bills, deplete our natural resources, and create uncertainty for New Yorkers, it’s my responsibility to take action and lead,” Hochul said in a statement.

She also said she plans to pursue legislation that would repeal sales tax exemptions currently available to large data centres.

Moratorium applies to facilities with high power demand

According to officials in the governor’s office, the construction ban will apply to data centres that consume 50 megawatts or more of electricity.

During the one-year moratorium, New York’s Department of Environmental Conservation will not issue discretionary permits for projects unless those applications have already been deemed complete.

Instead, Hochul directed state agencies to prepare a Generic Environmental Impact Statement (GEIS).

The review is intended to establish consistent statewide standards for new data centres while examining the environmental effects associated with their construction and operation.

Officials said the moratorium will remain in place until those standards are finalized.

Once the review process is complete, the temporary construction ban will be lifted.

Data centre expansion faces growing political resistance

The decision comes as opposition to large-scale data center development continues to grow across the United States.

Last month, New York’s legislature passed a bill aimed at introducing guardrails for data center development.

However, the legislation has not yet reached Hochul’s desk for consideration.

Officials described the measure as complex, saying that “it’s going to take some time to work through” with the state legislature.

The rapid expansion of data centres has significantly increased electricity demand across many parts of the country, contributing to concerns over higher utility bills and added pressure on existing power infrastructure.

Public sentiment has also become increasingly cautious.

National debate over AI infrastructure continues

Dozens of state legislatures have introduced proposals aimed at limiting the impact of data centres on electricity costs and the environment.

New York is the first state to enact a full moratorium on large new facilities.

Pressure on New York’s electricity system has continued to build.

As of May, more than 12 gigawatts of very large energy-consuming loads, including data centres, were waiting to connect to the state’s power grid, according to a recent report by the New York independent grid operator.

At the same time, data from the US Energy Department shows New York has the eighth-highest residential retail electricity prices in the country, highlighting the broader concerns surrounding energy demand as AI-related infrastructure continues to expand.

The post New York halts large data centre development with one-year moratorium appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
FTSE indexes edge lower despite energy sector gains from rising oil prices
next post
Here’s why Nio stock is pumping in the premarket today

related articles

Dow falls 1.25% as oil tops $117 and...

October 23, 2026

Evening digest: oil jumps to $117, SpaceX to...

October 23, 2026

Rubrik stock hits a record high on AI...

October 23, 2026

Why are AMD, Intel stocks gaining today?

October 23, 2026

American Express beats earnings, cuts jobs – still...

October 23, 2026

Moderna leaked data was positive, what’s hurting MRNA...

October 23, 2026

Why are Micron, SK Hynix, and SanDisk stocks...

October 23, 2026

Why Nvidia stock is in red today: growth...

October 23, 2026

Western Digital stock rises as strong earnings offset...

October 23, 2026

JEPI yields 8%, SCHD yields 3%: which is...

October 23, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump wants largest-ever Israeli heavy bomb transfer — but proposal has Congress preparing for $2.8B fight

    September 17, 2026
  • Plug Power stock forms a risky pattern as short-seller pressure builds

    September 9, 2026
  • Samsung, SK Hynix power Asia rebound while oil shock rattles bonds

    July 9, 2026
  • Texas Dem’s past grocery store remarks clash with affordability campaign: ‘I don’t have the time’

    June 16, 2026
  • Apple stock is rising today: here’s why

    September 30, 2026

Popular Posts

  • 1

    Why SpaceX stock is down around 3% on Tuesday

    September 15, 2026
  • 2

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 3

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 4

    Dow tumbles 680 points as chip rout sends Nasdaq to biggest drop since 2025

    June 5, 2026
  • 5

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026

Categories

  • Editor's Pick (711)
  • Investing (2,092)
  • Stock (90)

Latest Posts

  • Why is AMD stock gaining today?

    September 15, 2026
  • CoreWeave stock pressured as bond yields surge after a major Gartner warning

    October 15, 2026
  • Ryanair Q1 profit misses estimates as lower fares weigh on earnings

    July 20, 2026

Recent Posts

  • Qualcomm eyes modular AI deal as stock falls on tech selloff pressure

    June 23, 2026
  • Cerebras stock sinks as margin outlook overshadows AI deals

    June 24, 2026
  • GOP dropout candidate puts ‘communist’ opponent on notice after stunning comeback win

    August 6, 2026

Editor’s Pick

  • Trump arrives at NATO summit as Iran rift looms above alliance talks

    July 7, 2026
  • KOSPI refuses to rally despite chip strength: one big risk is still getting worse

    October 1, 2026
  • Hong Kong financial stocks tumble as China tightens offshore checks

    June 5, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock