Blackstone is bullish on investment in data centers and AI-driven infrastructure. “A generational investment opportunity,” this according to Sean Klimczak, Blackstone's Global Head of Infrastructure. “Data usage has increased 100 times over the past 15 years, and even more striking, more data has been created in the past three years than in all of history.” Sean goes on to say, “for a US market that had relatively flat power demand for the past 20 years, this sudden surge is a major shift. As a country, we face the prospect of having to double our power grid’s capacity over the next 12 to 13 years to keep up. This convergence of data center growth and rising power demand presents a rare and compelling investment opportunity. power generation and utilities, particularly in the renewable space, are poised for significant growth. With trillions of dollars needed to upgrade the power grid, we believe investments in wind, solar, and natural gas generation will yield strong returns.” This is a great read with plenty of compelling charts.
The Convergence of Data Centers and Power: A Generational Investment Opportunity | The Connection: https://lnkd.in/dRcjp8gR
