Business TREND: Which industry is increasingly using More Power?

The industry increasing its power usage: Data Centers

The increase in power usage:

• 3% growth rate 2019-2025
• 40% power capacity share
• $1 Billion in investments in Virginia alone in 2019

States with data center investments: Virginia, Arizona, Illinois, Nevada, California, Texas, Ohio, Tennessee, Iowa, and North Carolina

4 reasons the data center power use will grow:

• Increasing Procurement of Renewable Energy
• Emergence of Nickel-Zinc & Prussian Blue Sodium-ion Battery UPS Systems
• Use of Fuel Cells in Data Centers
• Adoption of DC UPS Systems to Reduce Power Loss

Oil & Gas 360 | The US data center power market share is expected to grow at a CAGR of over 3% during the period 2019-2025