European, Balkan utilities turn to data centers to stimulate power demand

Power companies in Europe and the Balkans are looking to boost electricity demand by investing in data centers due to the increasing renewable electricity capacity resulting in a gap against demand. This leads to low prices in the wholesale market, impacting producers' profits. The trend of investing in data centers is expected to rise in the EU, as shown by a study conducted by Goldman Sachs for Greece's Public Power Corp. The demand for digital services, cloud computing, and artificial intelligence is increasing, leading to a substantial increase in power consumption by 2032. This surge in demand would affect the reserve margin and lead to a rise in power purchase agreement prices.

Source:

https://balkangreenenergynews.com/european-balkan-utilities-turn-to-data-centers-to-stimulate-power-demand/

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