Data centres to drive energy storage 'boom cycle' in next five years, UBS says

Core Insights - The growth in power demand driven by AI data centers in the U.S. is expected to initiate a "boom cycle" for energy storage over the next five years [1] - Increased energy storage is necessary to manage the fluctuations associated with wind and solar energy generation [1] Industry Summary - The energy storage sector is poised for significant expansion due to rising power demands from AI data centers [1] - The need for energy storage solutions will be critical in balancing the intermittent nature of renewable energy sources like wind and solar [1]