AI Boom Fuels Europe's Electricity Hunger: Data Centers and Electrification Also Mean Increased Investments in Wind Energy. Nordex Would be a Beneficiary. The Stock Aims for a Multi-Year High.
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About a year ago, Goldman Sachs pointed out the increasing energy demand driven by the AI era. We discussed this in detail. According to the study, European electricity consumption is expected to increase by about 40%–50% by 2033, driven by AI data centers, industrial electrification, heat pumps, and green hydrogen. This will lead to a long-term investment wave in networks (€800 billion) and renewable capacities (€850 billion). AI is causing a boom in data centers, which are significantly more energy-intensive than traditional server facilities....
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