Artificial intelligence is revolutionizing the world, but it is also rocking power grids around the world. Schneider Electric (SU.PA, SBGSY) CEO Peter...
"If you look at the data center s worldwide today, they use roughly 1.3 to 2% of the global energy. And we anticipate this to double until 2030," Herweck tells Yahoo Finance"So there is quite a need... So it is big, but it is companies like ourselves, we furnish the electrical and the cooling management and data center s. In fact, we're probably the largest in the world in this regard. And go from grid to chip and chip to cool.
And since data centres play a big role on the electrical consumption, you know there are also energy forms that are non electric.How can we do it in a more efficient way? So, you know, I have, um I'm in New York speaking with some of our owners, and they ask me exactly the same question. We're listed in the French Stock Exchange, But our largest geography is the US, followed by China, followed by India.So it's small, the data centre expansion in particular.
Or in Spain, where you have a lot of wind, a lot of solar energy and also in Southern America, where you have a lot of hydro power that is available and also renewables.So the data centre movement is is really a global movement.
Schneider Electric Peter Herweck Power Grids Julie Hyman Artificial Intelligence Energy Demand
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