Electricity Demand Surge: Big Tech's $1 Billion Struggle
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowGlobal demand for data center power is projected to rise by 165% by the end of the decade, according to Goldman Sachs. Google (GOOGL) set aside $1 billion to build a data center in Indiana but halted the project due to potential local approval issues. Utilities are reporting two- to four-year wait times for feasibility studies, impacting Big Tech's ability to secure reliable power. Companies like Bitzero (AIBZ) are looking to capitalize on this demand by leveraging their existing infrastructure in areas with abundant electricity, such as Norway and North Dakota.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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