McKinsey estimates that Europe will require $250-300 billion in data center infrastructure investment, excluding power generation capacity.
Europe's data center power consumption is expected to almost triple by 2030 and will require a surge in electricity—supply mostly from low-carbon sources coupled with grid infrastructure upgrades, McKinsey has reported. According to the global business management consultant, total IT load demand for data centers in the European Union, Norway, Switzerland and Britain will hit 35 gigawatts GW by 2030, up from 10 GW today.
Last year, the power sector consulting firm Grid Strategies published a report titled 'The Era of Flat Power Demand is Over,' which pointed out that United States grid planners--utilities and regional transmission operators RTOs--had nearly doubled growth projections in their five-year demand forecasts. For the first time in decades, demand for electricity in the U.S.
Power Consumption Energy Clean Energy Big Data Oil Gas Utilities
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