The Economist – Powering the future: Grid boom drives global investment

Schneider Electric’s Italian plant is at the forefront of a global electricity infrastructure boom.

Published on:

06 Jan 2025, 11:17 am

Schneider Electric's Italian plant is at the forefront of a global electricity infrastructure boom, fueled by AI demand, decarbonization, and rising energy needs. Collaborations, like Schneider's with Nvidia, are driving innovation in cooling systems for data centers. With global grid investment forecasted to hit $600bn annually by 2030, firms like Siemens Energy, Hitachi, and GE Vernova are ramping up production to meet surging demand, despite challenges like supply chain bottlenecks and ageing infrastructure.

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From The Economist, published under licence. The original article can be found on www.economist.com