Data Center Costs - A GPU server node can cost up to $300,000 [1] Energy Consumption - Data centers consume a lot of energy [1] Bloomberg Originals - Bloomberg Originals offers bold takes for curious minds on today's biggest topics [1] - Bloomberg Originals explores every angle of climate change, technology, finance, sports and beyond [1]

Overview - Finland, with a population of 5 million and 3 million sauners, is innovating heating solutions [1] Energy & Technology - A heat pump center 50 meters under Helsinki repurposes excess heat from data centers [1] - The center increases the temperature of the excess heat and integrates it into community heating systems [1]

Data centers don’t just consume a lot of energy — they’re incredibly expensive, too.A GPU server node can cost up to $300,000, as @nikolajcw learns when visiting a humming data center.Watch the full episode of An Optimist’s Guide to the Planet https://t.co/DasvZzLsFm https://t.co/khiOxOxdbU ...

China’s massive buildout of power generation capacity will give it a leg up over the US in the race to expand data centers fueling AI, according to Goldman Sachs https://t.co/Ts3JlIh4d2 ...

Jeffre analyst Julian Demulan Smith brings some utility stocks he loves as well to set. Julian, great to have you on set. It's not for everybody, but this idea that data centers is going to raise costs is not true.It sounds like they're going to raise earnings, though. >> Oh, you better believe it. They they are certainly going to raise earnings.I mean, look, they're looking they're not your father's utilities, right. Let's be honest to ourselves. I mean, the backdrop here is we're looking at the longest ru ...

Data Center Energy Consumption - By 2030, global data centers are estimated to consume power equivalent to Japan's entire economy [1] - This represents a doubling of current data center power consumption [1] Technology & Efficiency - The industry questions whether technology-driven efficiencies can offset the growing demand for power in data centers [1] Event Announcement - The Bloomberg New Economy Forum will be held in Singapore from November 19-21 [1]

Financial Data and Key Metrics Changes - In Q3 2025, total revenue reached $1.5 billion, landing at the high end of expectations, with a gross margin of 17.2%, exceeding guidance primarily due to strong contributions from energy storage shipments [6][22] - Net income attributable to shareholders was $9 million, resulting in a net loss of $0.07 per diluted share due to the impact of preferred shareholder adjustments [7][22] - Operating expenses normalized to $222 million, reflecting lower shipping costs and ongoing internal cost reductions [22] Business Line Data and Key Metrics Changes - Solar module shipments totaled 5.1 gigawatts, in line with expectations, while energy storage shipments reached a record 2.7 gigawatt-hours [5][11] - CSI Solar reported revenue of $1.4 billion, with a gross margin decrease of 730 basis points to 15%, driven by margin changes in both solar and storage businesses [11] - Recurrent Energy generated $102 million in revenue with a gross margin of 46.1%, primarily driven by profitable project sales [16] Market Data and Key Metrics Changes - The contracted backlog for energy storage solutions increased to $3.1 billion, supported by newly signed projects in North America and Europe [12] - The company is expanding its residential energy storage segment, which is on track to become profitable in 2025, with strong growth in Japan, Italy, and the U.S. [9][14] Company Strategy and Development Direction - The company is focusing on U.S. manufacturing investments, with plans for solar cell production in Indiana and lithium battery production in Kentucky expected to start in 2026 [8] - The strategy includes increasing project ownership sales in 2026 to enhance cash recycling and reduce leverage, while maintaining a focus on profitable solar markets and driving growth in the storage business [25][26] Management's Comments on Operating Environment and Future Outlook - Management noted that the solar industry is at an inflection point, with stabilizing market conditions following a downturn, presenting both challenges and opportunities [7] - The rise of AI-driven data centers is creating unprecedented global electricity demand, with solar plus storage being highlighted as a flexible and cost-effective solution [9] Other Important Information - The company closed the quarter with total assets of $15.2 billion and a cash position of $2.2 billion, while total debt increased to $6.4 billion [23][24] - Capital expenditures totaled $265 million, primarily related to U.S. manufacturing investments and existing capacity expansions [24] Q&A Session Summary Question: Can you talk about the strategy of timing and leverage for project sales? - Management indicated that they have enough operational projects to sell and do not need to sell early, aiming to maximize value from project development and financing [29][30] Question: Can you discuss the maturity of relationships with suppliers for U.S. manufacturing? - Management stated that there are many suppliers outside China, and they believe they can meet domestic content requirements for U.S. manufacturing by 2026 [32][33] Question: How do you bridge the gross margin gap reported by your A-share subsidiary? - Management clarified that the gross margin for the project business supported overall margins, with solar manufacturing margins being lower [36][42] Question: What is the anticipated volume of asset sales in 2026? - Management noted that while they will continue to build their IPP portfolio, they will be more cautious and focus on cash generation through asset sales [59][60] Question: What is the expected installation demand for solar and energy storage in the U.S. in 2026? - Management expressed optimism for strong demand in energy storage, while solar demand is expected to remain flat [70][72]

AI Infrastructure - Zuckerberg is considering ideas related to a large number of AI data centers [1]

Industry Focus - UEM (Khazanah's infrastructure arm) plans to supply clean energy to data centers in Johor [1] - UEM plans to supply industrial land to data centers in Johor [1] Regional Development - The initiative targets power-hungry data centers in the southern state of Johor [1]

You're joining us now on the theme of the day. I think it has been all about data centers, whether it's 50 billion coming from anthropic, whether we're thinking about matter, continuing its focus in Wisconsin. But why do you think it's too much too soon from the Wall Street perspective.Well, for a lot of reasons. Living in a virtual world, as most of Silicon Valley does, it's really hard whenever they have to, you know, go out into the real world in and do physical things. And that's what we're talking abou ...