Data centres are required to bear the cost of electricity in Texas, and three companies such as Galaxy are committed to new regulatory standards
On August 15, the Governor of Texas, Greg Abbott, announced that Galaxy Digital, Compass Datacenters and Montera Insurance had committed to complying with the new standards and regulatory requirements set by Texas for data centre construction. According to the information received, the guidelines are being implemented by the State-wide data centre project to ensure that the expansion of the data centre does not increase the burden on the population and does not affect the stability of the electricity grid, the availability of water resources and the quality of life in the community. Under the new regulations, data centre operators are required to meet a number of requirements, including: to bear the cost of electricity infrastructure on their own and not to transfer the cost of construction and operation to Texas households and small businesses; to achieve self-recycling and reduce pressure on public water resources; to take measures to reduce the overall cost of electricity; to avoid interfering with residential communities and to reduce noise, light and transportation impacts; and to reduce reliance on government subsidies and taxpayers ' funds to achieve project self-sufficiency. In addition, the Texas Public Utilities Commission (PUCT) and the Electricity Reliability Commission (ERCOT) will review the data centre project and require enterprises to disclose the project ownership structure, government subsidies, power demand projections, self-built power supply plans, water resource use programmes and community impact mitigation measures。
