• 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

Evening digest: Huang exits Nvidia; Nebius falls despite...

November 12, 2026

Broadcom stock surges 4%: is there more upside...

November 12, 2026

Why is SMCI stock falling 11% on Thursday?

November 12, 2026

Microsoft stock rises as Ignite conference puts AI...

November 12, 2026

Jensen Huang agrees to face Congress before Thanksgiving...

November 12, 2026

Why SpaceX shares are rising on Thursday?

November 12, 2026

Nvidia controversy may mean more to Alibaba stock...

November 12, 2026

AMD stock rises as Nvidia turmoil creates an...

November 12, 2026

Trump wants Tim Cook to replace Huang at...

November 12, 2026

All you need to know about Harvey C...

November 12, 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 plan for foreign shipbuilders could create 540,000 jobs and expand US fleet

    June 29, 2026
  • Why do investors keep ignoring higher yields and oil prices?

    September 22, 2026
  • Tesla stock is sliding over 5% today: here’s why

    June 23, 2026
  • Dow futures surge 370 points: 5 things to know before market opens

    June 11, 2026
  • Joby stock is soaring: bulls may be ignoring red flags

    November 5, 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

    Micron stock falls 4%, why this analyst sees 40% upside for the stock?

    September 28, 2026
  • 4

    Evening digest: US jobs cool, gold falls as Treasury yields rise

    October 2, 2026
  • 5

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026

Categories

  • Editor's Pick (711)
  • Investing (2,503)
  • Stock (90)

Latest Posts

  • Democrat Al Green to force House-wide vote on impeaching Trump

    September 14, 2026
  • Amazon stock rises as this analyst sees 40% upside

    October 19, 2026
  • Dow falls 200 points as tech selloff deepens and chip stocks extend retreat

    June 26, 2026

Recent Posts

  • Anthropic IPO: Blackstone warns AI firm may receive junk credit rating: report

    October 30, 2026
  • Iowa Dem who touted ‘strong work ethic’ misses more than half of her House votes

    June 29, 2026
  • AI stocks rebound but Jim Cramer notes 4 reasons not to be ‘aggressively bullish’

    October 20, 2026

Editor’s Pick

  • MARA stock soars on a major AI announcement

    July 9, 2026
  • Dow futures climb 125 points: 5 things to know before Wall Street opens

    June 9, 2026
  • UFO whistleblower claims billions in secret spending hidden from Congress

    June 10, 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