AI data centres to bolster renewable energy demand even under Trump, says MUFG Americas CEO

Contributing sentiments towards policy:

59% : The broad shift towards renewable energy in the U.S. will continue even under the incoming administration of Donald Trump, said the head of the Americas arm of Japan's largest banking group, Mitsubishi UFJ Financial Group (8306.T), opens new tab.
58% : That was particularly important as different states set different rules around the financing of renewable and non-renewable energy projects.
51% : "We're at the peak of the hype cycle of AI, but it's real and it's big," Cronin said.Data centre capacity will double by 2030 and securing reliable power is an increasingly strategic part of data centre location, Cronin said.Masatoshi Komoriya, chairman of the board at MUFG's Americas subsidiary who was interviewed at the same time, said the bank had adopted a flexible approach incorporating renewables and fossil fuels to meet data centre demand.
44% : "The new administration will be more constructive on fossil fuels, but that doesn't mean renewables go away," Cronin said.

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