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PowerBank Shares Insight Into $584.86 Billion Data Center Market
SolarBank CorpSolarBank Corp(US:SUUN) Prnewswireยท2025-10-23 11:07

Core Insights - PowerBank Corporation is strategically expanding into the data center market, driven by increasing power generation demand and the growth of AI and cloud computing [2][4]. Industry Overview - Cumulative new U.S. power generation demand is expected to reach 450 gigawatts by 2030, with energy demand in Ontario projected to increase by 75% by 2050 [2]. - The data center market is valued at USD 242.72 billion in 2024 and is projected to grow to USD 584.86 billion by 2025 [2]. Company Strategy - PowerBank has over 100 MW of completed projects and a development pipeline exceeding 1 GW, focusing on data center power supply, storage, and development [4][6]. - The company is currently evaluating potential data center opportunities and intends to leverage its expertise in energy infrastructure [4]. Market Demand - The expansion of AI, cloud computing, and high-performance computing is significantly driving the demand for data centers, which may consume as much as 9% of total U.S. electricity by 2030 [3].