Oil and Gas to Fuel the 500% Surge in Data Center Power Demand
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مدعوم بالذكاء الاصطناعيThe expected 500% surge in power demand from data centers by 2040 is likely to be met by oil and gas, driven by AI boom and global economic growth, according to ADNOC CEO Sultan Al Jaber.
Market impact analysis based on bullish sentiment with 80% confidence.
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Hydrocarbons are set to meet about three-quarters of the expected 500% surge in power demand from data centers, as the AI boom and global economic growth push energy demand “accelerating across every dimension,” Sultan Al Jaber, ADNOC chief executive, said on Tuesday. The surge in AI use and the data centers to handle the technologies are set to boost power demand from data centers by 500% by 2040, Al Jaber, who is also UAE Minister of Industry and Advanced Technology, said at the Abu Dhabi Sustainability Week. Soaring power…
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