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This week’s rally has occurred amid a drop in US Treasury yields, whose rapid rise this year has made the technology sector one of the worst performing in the stock market.
Record prices are spurring EU countries to figure out how to consume less electricity.
Data centres in the EU accounted for 2.7% of the bloc’s electricity demand already in 2018 and the continual digital transformation means more and more people spend their time browsing the Internet, shopping online or streaming movies. Left unchecked, that could rise to 3.2% by 2030, the European Commission said – or consumption of almost 100 terrawatt hours.
With a squeeze on energy supplies because of Russia’s war on Ukraine, the political metrics are now changing for the giant data center facilities.
With a squeeze on energy supplies because of Russia’s war on Ukraine, the political metrics are now changing for the giant data center facilities.