Goldman Sachs released a research report saying that Europe's undervalued utility giants focusing on electricity supply and water supply networks will greatly benefit from the unprecedented global AI boom and the trend of electrification that will continue for many years. Goldman Sachs said that in the past 15 years, Europe's electricity demand has been severely impacted. Since 2008, electricity consumption has dropped by about 10%; however, Goldman Sachs expects that this trend will soon be completely reversed: the rapid expansion of data centers and the gradual acceleration of the electrification process may drive Europe's electricity demand to grow by at least 40% to 50% in the next ten years or so.

Goldman Sachs released a research report saying that Europe's undervalued utility giants focusing on electricity supply and water supply networks will greatly benefit from the unprecedented global AI boom and the trend of electrification that will continue for many years. Goldman Sachs said that in the past 15 years, Europe's electricity demand has been severely impacted. Since 2008, electricity consumption has dropped by about 10%; however, Goldman Sachs expects that this trend will soon be completely reversed: the rapid expansion of data centers and the gradual acceleration of the electrification process may drive Europe's electricity demand to grow by at least 40% to 50% in the next ten years or so.