Cost of Electricity Expected to Skyrocket Due to Data Center Demand by Greg Zimmerman
The explosion of artificial intelligence, cryptocurrency mining, and other computing-intensive processes have fueled a building boom for data centers. But they’ve also fueled a massive spike in energy demand, which is in turn leading to higher energy prices for many facilities across the country. One study estimates data centers could be responsible for a 70 percent increase in the cost of electricity over the next 10 years. One hyperscale data center, as a point of reference, can use as much electricity as 40,000 homes. Cost of Electricity Expected to Skyrocket Due to Data Center Demand – Facility Management Data Centers Quick Read