The artificial intelligence (AI) revolution is running on a hidden utility bill of staggering proportions. While investors have focused on the makers of sophisticated microchips and software, a more fundamental truth is emerging: The AI industry’s growth is directly tied to its access to massive, reliable, and ever-growing electricity supplies.
Projections show that by the end of the decade, data centers alone could consume as much electricity as entire countries. This unprecedented demand creates a powerful, tangible thematic investment that goes beyond Silicon Valley, focusing on the industrial backbone needed to power this global transformation.
