Solving the energy conundrum is key to unlocking the UK’s AI economy
Recent evidence shows that energy cost pressures and a power grid capacity crunch risk becoming a bottleneck on the growth of the UK’s digital economy.
A report by Oxford Economics for the Nuclear Industry Association warns that growing grid capacity constraints and uncompetitive industrial electricity prices could drive data center developers overseas.
This comes as data center energy demands could increase fivefold by 2035 and data center operators face growing pressure for more sustainable energy in line with climate targets.
This is driving many data center developers to explore alternative supply sources such as flexible contracts and Corporate Power Purchase Agreements (CPPAs) which offer affordable, secure long-term power.
Yet many data center developers lack the resources to navigate these complex contracts or meet the high credit requirements.
There is an urgent need for creative new solutions to provide affordable sustainable power for our digital economy.
The energy chokepoint for the...
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