Goldman Sachs: European data center access demand approaches 500GW; AI investment boom highlights the critical role of energy

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Mars Finance News, Goldman Sachs states that the demand for European data center construction is rapidly expanding, and energy will become a key component of AI infrastructure expansion. Based on data center grid connection applications received by major European grid operators, the bank estimates that the current pipeline of European data center projects has reached approximately 480GW, equivalent to 1.5 times Europe's current electricity demand. Goldman Sachs believes that electrification, AI adoption, and data center construction will collectively drive Europe's electricity demand into a new growth cycle. Under its "super electrification" scenario, the annual growth rate of Europe's electricity demand could reach 5% around 2030. This will generate about 3.5 trillion euros in power generation and grid investment needs and support the utility industry to enter a generational profit-up cycle. (Cailian Press)
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