As governments strive to develop sovereign AI capabilities to reduce reliance on foreign technology, Europe confronts a critical challenge: its data center capacities are inadequate to meet the growing demand.

United Renewable Energy (URE), a vertically integrated solar firm, has expanded its operations to 350 megawatts (MW) for 2024, doubling its year-over-year growth. This expansion comes after the company acquired system maintenance provider DS Energy Technology in the second quarter of 2024. URE, which manages its own system operations, expects to add at least 100 MW of new maintenance projects annually.

The explosive growth of artificial intelligence (AI) has fueled a surge in demand for data centers, with Micron projecting the high-bandwidth memory (HBM) market to surpass US$25 billion by 2025. This could generate billions in revenue for Micron. Backed by substantial investments to meet AI-related demand, Micron’s global manufacturing footprint is poised to capitalize on this expanding opportunity.