For Data Centers, Power is the New Real Estate (Literally)

The podcast examines the increasing demand for data centers driven by AI development and its implications for investors and local communities. It addresses concerns about overbuilding, noting that many planned data centers are still years from completion and current capacity struggles to meet demand. The discussion highlights the significant energy consumption of data centers, with projections indicating a doubling of global energy use by 2030. Hyperscalers like Microsoft, Amazon, and Google are securing their own energy sources, including nuclear power, to manage costs and ensure reliable supply. Investment opportunities exist not only in data center operators and REITs but also in companies providing essential infrastructure, such as HPE, Sterling Infrastructure, Comfort Systems, and Schneider Electric.