Part 5/16:
By 2028, global data center spending is projected to hit $900 billion, with AI servers experiencing a robust 41% compound annual growth rate (CAGR). The broader data center market is expanding at a 23% CAGR, representing unprecedented growth in the industry. However, this expansion comes with a hefty energy cost: data centers are projected to consume around 1,600 terawatt-hours annually by 2035, roughly 4.4% of global electricity. The surge in data center construction—currently valued at $40 billion in the US alone, up 400% since 2022—further exacerbates energy demands.