AI’s power drive is fuelling a green boom

Hyperscale data centres are consuming increasing amounts of electricity and water. In 2024, Google’s power use surged 27% to 32 TWh. With consistent 25% annual power growth, Google, Microsoft, and Meta face rising Scope 3 emissions. However, this surge is also accelerating their investments in clean and sustainable energy solutions.

AI infra firm RackBank gets land in Indore, Raipur for data centres

RackBank plans to grow data centers in cities like Indore and Raipur. This move aims to cut operational costs significantly. The company recently launched NeevCloud, an AI cloud business. They acquired land in Indore and Raipur for new facilities. These projects receive support from state governments. RackBank targets to raise Rs 700 crore for this expansion.