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Fortune
Fortune
Preston Fore

BlackRock is splashing $100 million on training plumbers, electricians, and HVAC technicians as its CEO flags a skilled trade worker shortage

electrical engineer (Credit: Thing Nong Nont—Getty Images)

The race to build artificial intelligence data centers is heating up as companies like Meta, Microsoft, and OpenAI scramble to scale the infrastructure needed to power their ambitious AI plans. But a growing bottleneck threatens to slow that expansion: a shortage of skilled trade workers. 

Demand for electricians, HVAC technicians, plumbers, and ironworkers is rising faster than supply, while many workers in those fields are nearing retirement. It’s also a problem top of mind for BlackRock, the world’s largest asset manager.

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