KKR Sees $250 Billion Spent Annually From Data Center Boom (1)

Soaring demand for data centers to support artificial intelligence and cloud-computing will boost global spending in the sector to $250 billion a year, according to KKR & Co.

The US is the biggest developer of data centers. That infrastructure consumes about 16 to 18 gigawatts of power, compared with about 6 gigawatts each in Europe and Asia, Waldemar Szlezak, KKR’s global head of digital infrastructure, said in an interview. For comparison, 1 gigawatt is enough to supply more than 850,000 average US households.

“Over the next three to four years, the 18 gigawatts will likely double, if not triple,” ...