高盛2024为欧洲供电AI数据中心和电气化将推动电力消耗增长约40-50报告英文版46页

EQUITY RESEARCH | April 29, 2024 | 4:40AM CESTGoldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Analysts employed by non-US affiliates are not registered/qualified as research analysts with FINRA in the U.S.The Goldman Sachs Group, Inc.Alberto Gandolfi +39 02 8022-0157 alberto.gandolfi@gs.com Goldman Sachs Bank Europe SE - Milan branchPowering Up Europe: AI datacenters and electrification to drive +c.40%-50% growth in electricity consumptionOver the past fifteen years, Europe's power demand has been hit by exogenous shocks (the GFC, Covid, the Energy Crisis) and a slower-than-expected electri