Reported 19 days ago
In an interview with Yahoo Finance, Schneider Electric CEO Peter Herweck highlighted the increasing energy demands from AI and the anticipated growth of data centers, which currently account for 1.3 to 2% of global energy consumption, projected to double by 2030. He emphasized the importance of sustainable energy solutions, particularly renewable and non-electric sources, as companies seek efficient locations for their data centers in regions with abundant power and land, including Australia, Japan, Singapore, and parts of Europe.
Source: YAHOO