According to Chaoxiang Research, Goldman Sachs' August 6 report significantly raised its forecast for global data center electricity demand growth by 2030 from 117% to 170%, with cumulative additional power consumption exceeding Japan’s total national electricity usage in 2023. Combined capital expenditures and R&D by hyperscale providers are projected to reach $1.2 trillion in 2026 and increase further to $1.7 trillion in 2027. Goldman Sachs estimates that applying the U.S. green and reliable power premium—ranging from $40 to $48 per MWh—to the新增 data center demand would result in total industry spending of approximately $45 to $53 billion by 2030, accounting for 2.9% to 3.4% of hyperscale providers’ expected EBITDA in 2028. Goldman Sachs believes the AI innovation cycle is transitioning from the “evaluation and dreaming phase” to the “execution and efficiency phase,” with community opposition, labor shortages, and physical environmental constraints emerging as new bottlenecks for data center development. By 2030, data center carbon emissions are expected to increase by approximately 370 million tons (+210%) compared to 2023, equivalent to 1% of global energy-related emissions. In drug discovery, AI has already improved success rates by 370 basis points, enabling the discovery of 28 additional new drugs annually, reducing the time from R&D to first revenue from 13 years to 10 years, and generating an enterprise present value of approximately $84 to $93 billion. Goldman Sachs sees structural opportunities in power equipment, cooling solutions, grid infrastructure, and critical materials.
Goldman Sachs: Global Data Center Power Demand to Surge 170% by 2030
TechFlowShare
Summary
Goldman Sachs now forecasts global data center power demand to increase by 170% by 2030, up from its previous estimate of 117%. The report states that new electricity consumption will surpass Japan’s total usage in 2023. Hyperscale companies are expected to spend $1.2 trillion on capital expenditures and R&D in 2026, rising to $1.7 trillion in 2027. Key areas include power equipment, cooling systems, grid upgrades, and materials. With inflation data indicating sustained demand, altcoins to watch may include those linked to energy and infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.