Data centers are consuming more electricity than ever, with projections from the International Energy Agency indicating they could account for 21% of global energy use by 2030. This increase is driven by large hyperscale data centers and the growing demand for AI technologies. As a response, big tech companies are investigating small nuclear reactors and power plants near major reserves to support their energy needs. Investors are advised to consider high-yield utility stocks as a stable investment amid increasing electricity demands and market volatility.
The International Energy Agency predicts that by 2030, data centers could account for up to 21% of global energy consumption, posing significant energy concerns.
Big tech is exploring small nuclear reactors and potential power plants near vast reserves, like the Permian Basin, to meet increasing power demands.
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