Energy utilities stand to win in Europe thanks to AI hunger

Description

Some aging fossil fuel power stations in Europe may soon become high-tech and start powering the digital economy, as demand for AI services keep souring. Tech firms including Microsoft and Amazon are looking to repurpose disused coal and gas plants into large-scale data centers, attracted by their existing access to electricity infrastructure and water cooling systems. This comes as AI systems have been proven to take up vast energy resources, forcing tech firms to think of alternative renewable...