Before delving into the energy market as it stands today and what can be done by data centres to safeguard against its volatility, it is first worth showcasing just how energy-intensive the industry is.
According to a report by the International Energy Agency, the energy consumption of data centres worldwide was around 200 terawatt-hours (TWh) in 2020. This is about 1% of global energy consumption. And usage is not slowing down. The same report estimates that this consumption could triple by 2030.