Europe's battle for power spurs evolution of a new ecosystem for energy-hungry firms [MSNBC.com]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: MSNBC.com
CONVERGE LIVE - Singapore, March 12-13 2025 -Request invitationEurope's battle for power spurs evolution of a new ecosystem for energy-hungry firmsPublished Wed, Mar 5 2025April Roach@April__RoachWATCH LIVEKey PointsElectric grid is seen in Krakow Poland as Polish government lifts cup in electricity prices what is expected to rise inflation once more - January 18,2025. Poland has one of the highest inflations in Europe. (Photo by Dominika Zarzycka/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesThe boom in artificial intelligence, a pressing need for more data centers and the energy transition story — particularly in transportation — are all spurring demand for electricity, and the existing power infrastructure is struggling to keep up.Businesses are facing five to eight-year wait times to connect to Europe's ageing and strained electricity grids, experts told CNBC, as the emergence of new areas of demand drives an unprecedented rise in permit requests for power. According
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