Tech giants like Amazon, Microsoft, and Google are significantly investing in European data centers to meet the growing demand for AI.

AI platforms, such as ChatGPT, are projected to drive data centers to consume up to 9% of U.S. electricity by 2030.

Natural gas is expected to supply 60% of the electricity growth for AI and data centers, leading to higher copper prices due to its role in clean energy technologies.

Investors are encouraged to consider companies like Ivanhoe Mines, which has expanded its copper mining operations.

Tech firms are investigating off-grid power solutions, including gas or diesel generators, green hydrogen, nuclear fusion, and hydrogen fuel cells for emission-free power backup.

The rise in AI is expected to increase the demand for renewable energy credits globally, with asset managers acquiring renewable energy companies to capitalize on this trend.

Microsoft's partnership with Brookfield Asset Management to source low-carbon electricity using renewable energy credits raises questions about the effectiveness of carbon credits for emission reduction.

Renewable energy companies are set to benefit from the rising power demands of AI and data centers, with a focus on wind and solar power to meet sustainability goals.

Collaborative efforts between tech companies and utilities aim to ensure renewables play a significant role in meeting the power needs of AI and data centers, creating long-term opportunities for renewable energy producers and equipment providers.