Datacenter energy storage tender announcement

How much power will data centers need in 2024?

Between 2024 and 2030, electricity demand for data centers in the United States is expected to increase by about 400 terawatt-hours at a CAGR of about 23 percent (Exhibit 1). As demand for data centers climbs, the implications for companies in the power value chain become more apparent.

Will data centers be able to share energy with Ireland's power grid?

Starting from at least 2020, these projects have included: Grid-Interactive UPS Systems: Microsoft in recent years revealed its data centers would begin sharing energy from their UPS battery storage systems with Ireland’s power grid, part of a growing movement for data centers to collaborate more closely with the utility industry.

Is the future of data center power a 'all the above' proposition?

Microsoft gets that the future of data center power isn't either/or, but rather an "all of the above" proposition.

Is the data center industry facing a power crunch?

Everyone now knows the data center industry is up against a frightening power crunch in the world's oncoming AI sweepstakes. The quandary isn't so much one of power capacity, which is furnishable, as much as it is specifically tied to the area of available transmission lines and sites' proximity to plentiful power from renewable sources.

Why are data centers so important for utility companies?

Because of the rising criticality of power availability in scaling data centers, more utility companies have realized the importance of and potential in data centers—21 utility providers mentioned data centers in their fourth quarter 2023 earnings calls compared with just three providers in 2021.

Why should investors invest in data centers?

For the data center ecosystem, the tremendous capital deployment and close linkage with the power sector present a significant opportunity. Across the power value chain, investors can participate in and enable solutions to meet the demand for data centers and accelerate growth.