The global demand for energy is continually increasing. In 2023 alone, it was necessary to add 50 terawatt-hours (TWh) to the global generation to meet the growing demand. This means that each year we must add the total generation consumed by countries like Romania, Portugal, or Peru just to keep up with growth.
In recent years, a new sector has emerged as an energy giant: data centers. This infrastructure, vital for the functioning of the internet and new technologies, is driving an increasing demand for renewable energy. Additionally, the revolution in artificial intelligence (AI) and cryptocurrencies is elevating this need to new levels. New demand brings new challenges, but also an unprecedented opportunity for renewable generation.
Data Centers: The digital heart of the present
Data centers are critical facilities that store, process, and manage large amounts of data. In the digital age, their number and size have grown exponentially.
These “computing giants” require a massive amount of energy to keep their servers running and cooled. This increase in energy demand has led many companies to seek more sustainable solutions. The transition to renewable energy sources, such as solar and wind, has become a priority for many data center operators. By using clean energy, not only is the carbon footprint reduced, but operational efficiency is also optimized.
According to a report by the International Energy Agency (IEA), data centers already account for 2% of global electricity consumption, approaching 500 TWh in 2023, and this figure is expected to increase as more companies and services migrate to the cloud and require computing services. The IEA estimates that by 2026, data centers could demand more than 1,000 TWh of energy, equivalent to 4% of global consumption.
For this new business model, IBC SOLAR offers solutions to its partners to develop photovoltaic projects in Green Data Centers, and also provides all its know-how in storage installations and backup equipment to increase self-consumption and the proper functioning of these new business models. With this type of photovoltaic systems with storage, savings of up to 80% in the facility’s energy consumption can be achieved.
AI and Energy: A Catalyst for Progress with an Insatiable demand
AI is revolutionizing countless industries, and the energy sector is no exception. With advanced algorithms and real-time data analysis, AI is optimizing energy generation, distribution, and consumption. This is particularly crucial for data centers, where energy efficiency is a top priority. AI-driven systems can predict consumption patterns, dynamically adjust energy use, and manage resources more effectively—reducing costs and reliance on fossil fuels.
However, the energy demand for AI is growing at an unprecedented rate. According to the World Economic Forum, the annual energy demand increase for AI processes is estimated between 24% and 36% per year. By 2028 , AI alone is projected to consume as much energy as two countries the size of Costa Rica.
Beyond its consumption, AI is also driving advancements in renewable energy technology. From enhancing solar panel efficiency to optimizing wind turbines, artificial intelligence is accelerating the shift toward a cleaner and more sustainable energy matrix. This transformation not only benefits the environment but also represents a lucrative business opportunity for renewable energy providers.
Cryptocurrencies: Energy and Technology in One Block
Cryptocurrencies, particularly Bitcoin, have long been criticized for their high energy consumption. Mining digital assets requires massive computational power and cooling systems, leading to a substantial energy footprint. However, this challenge is also driving a positive shift—many crypto mining operations are now seeking cheaper and greener energy sources to reduce costs and minimize their environmental impact.
Iceland, Norway, and Canada, as well as Spain, with its abundant and increasingly affordable renewable energy, have become key locations for cryptocurrency mining. With vast solar, wind, and hydroelectric resources, these regions provide an ideal environment for sustainable mining. Additionally, technological advancements in energy-efficient mining systems are rapidly evolving. Innovations in cooling technologies, for example, are becoming a crucial battleground for improving performance while cutting energy use.<
The Opportunity for Clean Energy Supply
The intersection of data centers, AI, and cryptocurrency mining is creating new opportunities for renewable energy expansion. Companies that successfully capitalize on this trend will be well-positioned to lead the market. Investing in renewable energy infrastructure, developing cutting-edge technologies, and collaborating with key players in the digital sector are essential steps toward securing a sustainable future.
At a macro level, the surging energy demand from data centers, AI, and crypto mining is fueling a renewable energy revolution. Countries, with an increasingly clean energy grid, are well-equipped to harness this growing demand—not only meeting sustainability goals but also unlocking unique technological and economic opportunities. Solar and wind energy are at the heart of this transformation, and those who adapt and lead in this space will seize a golden opportunity.
Looking to power your infrastructure with solar energy? Contact us to discover how our tailored solar solutions can meet the needs of your business or your clients: row@ibc-solar.com<