Renewable Power Demand to Surge as AI Boom Fuels Data Center Growth, Says NextEra Energy

The article discusses the potential surge in demand for renewable power due to the growth of artificial intelligence (AI) and the increasing need for data centers. According to NextEra Energy, the world’s largest producer of wind and solar power, the AI boom is expected to drive a significant increase in electricity consumption from data centers, which will require more renewable energy sources. The company’s CEO, John Ketchum, stated that the rise of AI and machine learning will be a “meaningful driver” of electricity demand in the coming years. NextEra Energy is well-positioned to benefit from this trend as it operates a large portfolio of renewable energy assets. The article highlights the company’s plans to invest heavily in expanding its renewable energy capacity to meet the anticipated surge in demand from data centers and other sectors. Overall, the article suggests that the growth of AI and the need for more data centers will create new opportunities for renewable energy companies like NextEra Energy.

Source: https://markets.businessinsider.com/news/stocks/renewable-power-demand-nextera-energy-ai-boom-google-2024-7