Latest News

Iberdrola sets up unit to assist develop information centres for clients

Spanish power energy Iberdrola has set up a brand-new unit to help its customers build information centres, its Executive Chairman Ignacio Sanchez Galan told experts and financiers on Wednesday.

The Spanish utility sees flourishing need for information centres as among the main drivers of future development both for its grids and renewable energy organizations, Galan said in a call hung on Wednesday to talk about the company's second-quarter earnings.

With advancements like artificial intelligence and cloud computing anticipated to increase need for information centre capacity, business like Iberdrola can benefit both from offering them energy and linking them to the grid.

With the brand-new system, the company wants to provide all the services required to set up the centres, Galan said.

Demand for information centres is growing, which is going to speed up with expert system, he stated.

The group prepares to utilize its existing relationships with tech giants like Meta, Apple, Microsoft, Google or Amazon to expand in this sector, he stated.

Iberdrola already has long-lasting agreements to supply 8 terawatt hours of energy a year for information centres in Spain, Britain, the U.S. and Germany.

I think it benefits us in both senses: in the sense of having new need sources, and having the chance of expanding our grid for those which need to be linked.

The brand-new unit was established in Spain however might broaden to other countries using chances in the sector, like the U.S. and Britain, he stated.

Amazon and Microsoft have actually just recently vowed to invest billions of euros in Spain to build information centres.

(source: Reuters)