Renewable energy is poised to take the lead in meeting the escalating power demands of artificial intelligence and data centers, challenging the assertions of the natural gas industry, according to Dan Shugar, CEO of Nextracker, a prominent solar technology firm.
In a recent statement, Shugar emphasized the viability of solar energy in addressing the substantial energy requirements of data centers, countering the argument that renewables lack the reliability necessary to sustain such energy-intensive projects independently.
“Low cost and rapid deployment of solar, coupled with the ambitious climate goals of Big Tech, position renewable energy as the preferred power choice for data centers,” Shugar remarked.
Nextracker specializes in developing systems that optimize the efficiency of solar power plants by enabling solar panels to track the movement of the sun. The company's performance has exceeded market expectations consistently, boasting four consecutive quarters of surpassing Wall Street forecasts.
With a backlog exceeding $4 billion and a track record of delivering 100 gigawatts to date, twice the peak power load of California, Nextracker stands at the forefront of the renewable energy sector's expansion to meet the burgeoning energy demands of modern technology.
