Envirotech Vehicles Closes Merger with Azio AI Ahead of Schedule, Positioning Combined Company to Capture $487 Billion 2026 AI Infrastructure Opportunity

The post AI data centers drive Rust Belt factory power bills to record highs appeared on BitcoinEthereumNews.com. Manufacturers across the US industrial heartland are taking up record electricity costs as AI data centers crowd onto the same regional grid, with one Ohio brickmaker watching a single monthly charge climb from $1,600 to $12,000, according to a Reuters review of energy data and interviews with about a dozen firms. This rising cost is concentrated inside the territory run by PJM Interconnection, the largest US grid operator, stretching from New Jersey to northern Illinois and reaching south to Tennessee. Five of the eight states currently seen as emerging data center hubs sit in the Rust Belt, per Synergy Research Group, and a single server warehouse can draw as much power as a mid-sized town. Capacity charges are the main issue The hardest hit to these factories is the capacity charge, a fee paid to generators to ensure supply remains available for peak demand. For househol

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Envirotech Vehicles completes its Azio AI merger through a share based deal and appoints a new leadership team for future AI plans.

Revised transaction structure enables immediate closing, accelerating the Company’s strategic pivot toward AI data centers, enterprise GPU compute, and digital power infrastructure. Envirotech Vehicles, Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced the successful completion of its merger with Azio AI Corporation (“Azio AI”) on July 2, 2026, paving the way for the Company to transform to an AI Datacenter Provider and meeting the growing market demand for artificial intelligence (“AI”) infrastructure, enterprise GPU compute, digital power solutions, data center development, and digital asset infrastructure; a market that the International Data Corporation (IDC) projects will reach $487 billion in global spending in 2026 and exceed $1 trillion by 2029.[1] The transaction marks a defining milestone in the Company’s strategic transformation and establishes the foundation for its next phase of commercial execution and long-term growth. The parties amended the proposed transac

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