Climate tech startups are positioning themselves to benefit from the urgent demand created by the AI and data center boom. As tech giants like Amazon and Microsoft invest heavily in AI infrastructure, they aim to reduce carbon emissions while coping with the energy demands of data centers, which account for a significant portion of global electricity use. Climate startups are capitalizing on this opportunity to provide clean energy solutions, despite challenges in grid connectivity and the increasing strain on local power networks.
Data centers currently account for 1-2% of global electricity use, and Goldman Sachs Research estimates this will rise to 3-4% by the end of the decade.
We're definitely feeling a lot of market pull because of the AI boom," said Luca Mezossy-Dona, CEO of Ionate, a London-based startup developing hardware to detect disturbances in the power grid.
We've had people say it may take two to five years, in some geographies, to get data centers connected to the grid," she said.
Gawley said she's seeing growing interest in more reliable and decentralized energy sources, such as nuclear, clean hydrogen, and energy storage.
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