CFC Solutions: Look for Data Centers To Impact US Power Markets, Co-ops

Data centers are an increasingly important industry for the world economy, helping innovate and increase efficiency across a wide variety of businesses and services. Through their vital role in supporting cloud-based services, 5G-wireless networks and the emergence of generative artificial intelligence (AI), data centers are set to be one of the fastest-growing U.S. industries.

“Given the data center industry’s large reliance on electricity, the utility sector is also estimated to experience significant growth,” CFC Energy Industry Analyst Chris Whittle said. “On average, power represents 70% of the total operating costs at a data center. Running the information technology hardware and cooling systems at these server hubs is a very power-intensive procedure, and the continued growth of generative AI is set to make the process more intensive.” 

Click here to view the original article from the Cooperative Finance Corporation Solutions.