Data Centers to Spend $580B, Solar Powering the Future

Data centers are set to receive a massive $580 billion investment this year, surpassing oil exploration spending. This shift underscores the growing demand for digital infrastructure. While these projects will require immense power, many are expected to be solar-powered, opening opportunities for renewable energy startups. Major players like OpenAI, Meta, and Anthropic are committing billions, with the US, China, and Europe driving the demand. Companies are exploring solutions like repurposing EV batteries for microgrids. The question remains: how many of these plans will materialize, and what role will governments play in supporting this infrastructure build-out?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.