Goldman Sachs raises its 2030 data center behind-the-meter power generation capacity forecast to 67GW, with fuel cells ranking highest.
Goldman Sachs' Michele Della Vigna team, in a report published on September 23, raised its forecast for behind-the-meter power generation capacity for data centers in 2030 from 40GW to 67GW. The report noted that among three solutions—gas turbines, fuel cells, and reciprocating engines—fuel cells achieved the highest comprehensive score at 76.6 points. The report suggests that the expansion of AI data centers is constrained by electricity availability, and the primary reasons for the upward revision of the forecast are higher-than-expected demand growth and deteriorating grid delivery capabilities.
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