According to Beating, at Berkshire’s shareholder meeting, CEO Abel highlighted that AI-driven electricity demand is creating new growth opportunities for the company’s energy business, with half of its energy utilities already handling AI-related power requirements.
In Iowa, data centers now account for 8% of regional peak load—an exceptionally high share for a utility. Berkshire expects data center electricity consumption to rise by an additional 5-10 percentage points over the next five to ten years, representing significant growth potential for the energy segment.
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