The rapid expansion of artificial intelligence and electric vehicles is straining energy grids in wealthy nations, with demand outpacing supply. Bloomberg reports that 12,000 companies, including ASML Holding NV, are waiting to connect to the grid. Despite annual investments of €8 billion, Netbeheer Nederland warns that grid issues could persist for a decade. The Netherlands is already consuming as much power as projected for 2030, and similar pressures are emerging across G20 countries. This highlights the growing intersection of energy and technology sectors, with underfunded infrastructure posing risks to long-term economic growth.
AI and EV Expansion Strains Energy Grids in Wealthy Nations
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