Data centres could draw as much electricity as Japan by 2026, according to the International Energy Agency.
Employees are pictured at Samsung Networks' Telco Data Center during a media tour at Samsung Electronics ' headquarters in Suwon, South Korea, June 13, 2023. REUTERS/Kim Hong-Ji) CEO Andy Jassy , and Sam Altman of ChatGPT-maker OpenAI appear to have reached the boardrooms of Canada’s energy sector. From nuclear, to hydrogen, to natural gas, executives are talking up opportunities to power the physical infrastructure behind artificial intelligence .
Amazon’s Jassy says using renewable energy sources to meet this new demand will be essential, given the environmental pressure on major corporations. “The build-out of data centres and generative AI is forecast to require a material increase in power generation,” he said on a post-earnings conference call with analysts.
“The number one challenge the data centre operators have, particularly the hyper-scalers, is the access to green energy,” MacEwen said on Ballard’s May 7 earnings call. “This is going to be a market where we see a lot of lumpiness.” The stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says
Generative AI Samsung Electronics Enbridge Electricity Amazon Ballard Power Systems Sam Altman Andy Jassy International Energy Agency Brookfield Renewable Partners Power Grids Renewable Energy Sources Power Purchase Agreement
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Climate changing what’s growing on Canadian farms, eaten on Canadian tablesFrom saffron to bananas, Canada’s food growers are considering their options
Read more »
Watchdog agency accuses chief of military police of blocking investigationsFile - A Canadian flag badge is displayed on the uniform of a Canadian Armed Forces soldier.
Read more »
Cameco results: Stock falls as uranium miner swings to Q1 loss; analyst says buy the dipRBC Capital Markets says it would be a buyer of the company's shares on stock price weakness.
Read more »
Uranium miner Cameco reports $7M Q1 loss, revenue down from year agoSASKATOON — Cameco Corp. reported a loss in its latest quarter as it was hit by charges related to its acquisition of a stake in Westinghouse Electric Co., one of the world's largest nuclear services businesses.
Read more »
Uranium miner Cameco reports $7M Q1 loss, revenue down from year agoSASKATOON — Cameco Corp. reported a loss in its latest quarter as it was hit by charges related to its acquisition of a stake in Westinghouse Electric Co...
Read more »
Uranium miner Cameco reports $7M Q1 loss, revenue down from year agoCameco Corp. reported a loss in its latest quarter as it was hit by charges related to its acquisition of a stake in Westinghouse Electric Co., one of the world's largest nuclear services businesses.
Read more »