How keeping connected could lead to higher power prices | The Business | ABC News

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With the AI boom and a growing appetite for cloud computing, data centres are popping up and expanding all over the country. While they bring huge economic opportunities, there are major concerns about the amount of energy they consume and whether the power grid can cope. Just one large data centre can consume the same amount of energy required to power 50,000 homes. Energy experts fear the growing number of power-hungry data centres could make electricity more expensive. Morgan Stanley estimates they currently use 5 per cent (1,050 MW) of power on the grid, which is expected to grow to 8 per cent (2,500 MW) by 2030. The rapid growth in data centres also comes with big carbon risks too. #abcbusiness Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia