Tech’s clean power demand is outpacing supply By Investing.com
Update: 2025-11-01
Description
UBS report reveals a looming crisis in Silicon Valley: the escalating demand for clean energy, particularly for data centers, is surpassing the available supply. This imbalance is evident in recent projects like OpenAI, Oracle, and Vantage Data Centers' Wisconsin campus, and Google's deal for natural gas generation with carbon capture. UBS predicts that the electricity demand from just six tech firms will outstrip the U.S. utility-scale solar industry's output by 2028. This scarcity is driving up prices for developers and hardware suppliers, with companies like First Solar and Nextracker poised to benefit. The energy transition is not just about preferences, but physical limits, driven by the AI boom's industrial demand for electricity. Solar and storage are set to play crucial roles in the near future.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
