AI Will Suck Up 500% More Power in UK in 10 Years, Grid CEO Says [BNN Bloomberg (Canada)]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
US:NYSE Investor Relations:
investors.nationalgrid.com
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Source: BNN Bloomberg
That will ramp up pressure on the country's electricity network, which must move vast quantities of renewable energy from as far away as Scottish wind farms to data centers around London. And it's a grid already under strain from the accelerating electrification of home heating, transportation and industries. “Future growth in foundational technologies like artificial intelligence and quantum computing will mean larger-scale, energy-intensive computing infrastructure,” National Grid Chief Executive Officer John Pettigrew said Tuesday at a conference in Oxford. It's an outlook replicated in many other countries, which are grappling with how to fund the massive spending required to expand capacity. Global electricity demand from data centers, AI and cryptocurrencies may more than double over the next three years, according to International Energy Agency forecasts. Read More: Electricity Demand at Data Centers Seen Doubling in Three Years In Britain, National Grid is studying ad
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News
- Quinbrook Closes £120m Milestone Project Financing for Five Synchronous Condenser Projects [Yahoo! Finance]Yahoo! Finance
- Wind Is Dominating the UK Power Grid, Pushing Out Fossil Fuels [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Wind Is Dominating the UK Power Grid, Pushing Out Fossil Fuels [BNN Bloomberg (Canada)]BNN Bloomberg
- EnergySage Releases Findings of 2024 Electrification Contractor Survey, Predicting Growth and Diversification Amidst Challenges [Yahoo! Finance]Yahoo! Finance
- National Grid Opens Applications for DEI Engineering Scholarship and Internship Program [Yahoo! Finance]Yahoo! Finance
NGG
Sec Filings
- 4/18/24 - Form 6-K
- 4/10/24 - Form 6-K
- 3/28/24 - Form 6-K
- NGG's page on the SEC website