Goldman Sachs – Powering Up Europe AI datacenters and electrification

European electricity consumption has declined by 10% since 2008, but this trend may reverse due to the rapid expansion of datacenters and electrification. Goldman Sachs Research estimates that Europe's power demand could increase by 40-50% in the next 10 years. This growth could have a significant impact on corporate profits, especially in the power grids and renewables sector. However, investors should be aware of potential conflicts of interest as Goldman Sachs does business with companies covered in its research reports. This report should be considered just one factor when making investment decisions. Analysts employed by non-US affiliates are not registered with FINRA in the U.S.