Data Centres Powering Up Utility Companies

Ahmad Maghfur Usman, Equity Analyst, Nomura Malaysia

04-Jul-24 09:15

Data Centres Powering Up Utility Companies

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In 2022, roughly 460 Terawatt hours were consumed globally by data centers and that figure could double by 2026, equal to that of Japan’s entire electricity use. With utility companies standing to benefit significantly from datacenter electricity demand. Will Malaysian utility companies stand to benefit too? Ahmad Maghfur Usman, Equity Analyst at Nomura Malaysia gives us his perspective.

Image Credit: fanjianhua / freepik.com

Produced by: Wong Shou Ning

Presented by: Shazana Mokhtar, Wong Shou Ning

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Categories: economy, markets, investments

Tags: electricity demand, ytl power, malaysia data centre, westports, electricity generation power sector,

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