1 September 2026 Data Centres: $500bn Investment — The New Energy Customer Key Points Investment nearly doubled in two years → $500bn in 2024 For Comparison: Upstream Oil & Gas — $570bn Electricity Demand (2024–2030): 415 → 945 TWh Installed Capacity (2005–2025): 21 → 114 GW Growth Drivers: IT → Cloud → AI Power Package Scale-Up: 26 → 200 → 2,000 → 5,000 MW How Data Centres Are Powered Coal — 30% Renewables — 27% Natural Gas — 26% Nuclear — 15% Infrastructure Constraints Chip