{"id":126056,"date":"2025-10-16T15:22:10","date_gmt":"2025-10-16T15:22:10","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/126056\/"},"modified":"2025-10-16T15:22:10","modified_gmt":"2025-10-16T15:22:10","slug":"abb-ceo-very-confident-of-demand-for-data-centers-powering-ai","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/126056\/","title":{"rendered":"ABB CEO &#8216;very confident&#8217; of demand for data centers powering AI"},"content":{"rendered":"\n<p class=\"yf-1090901\">By John Revill<\/p>\n<p class=\"yf-1090901\">ZURICH (Reuters) -Switzerland&#8217;s ABB is &#8220;very confident&#8221; about future demand from data centers that power <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a>, its CEO Morten Wierod told Reuters.<\/p>\n<p class=\"yf-1090901\">The engineering company has seen double-digit percentage growth this year in orders for electrification products from data centers being built to meet AI and cloud computing demand.<\/p>\n<p class=\"yf-1090901\">CEO CONFIDENT IN DATA CENTRE DEMAND<\/p>\n<p class=\"yf-1090901\">&#8220;Over the next five years I am very confident about demand from data centers,&#8221; Wierod said on Thursday.<\/p>\n<p class=\"yf-1090901\">&#8220;I don&#8217;t think there is a bubble, but we do see do see some constraints in terms of construction capacity not keeping up with all the new investments,&#8221; he added.<\/p>\n<p class=\"yf-1090901\">&#8220;We are talking about trillions in investment,&#8221; he said, adding: &#8220;That will take a few years to implement because there is not enough people and resources to build all this.&#8221;<\/p>\n<p class=\"yf-1090901\">AI is only in its early stages, leaving room for growth in data center demand, while many newcomers are joining large tech companies in the sector, Wierod said.<\/p>\n<p class=\"yf-1090901\">ABB generated some 7% of its revenue from data center business this year, up from 6% in 2024, selling electrification systems, including medium and low voltage switchgear and uninterruptible power solutions to keep servers online.<\/p>\n<p class=\"yf-1090901\">ABB STRIKES PARTNERSHIP WITH <a href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\/\" data-ylk=\"slk:NVIDIA;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">NVIDIA<\/a><\/p>\n<p class=\"yf-1090901\">ABB announced a partnership agreement with chip maker Nvidia earlier this week to develop electrification products for the next generation of chips used in data centers.<\/p>\n<p class=\"yf-1090901\">&#8220;That&#8217;s not for 2025 or 2026, it&#8217;s more of a long term investment,&#8221; Wierod said. &#8220;It&#8217;s very important to be part of the future technology developments.&#8221;<\/p>\n<p class=\"yf-1090901\">While the majority of ABB&#8217;s business is for new-build sites, Wierod also saw opportunities in retro-fitting and upgrading.<\/p>\n<p class=\"yf-1090901\">&#8220;For some of the older, smaller size data centres, you will need to upgrade the racks with equipment, and you also need to have more power coming in,&#8221; he said.<\/p>\n<p class=\"yf-1090901\">&#8220;That is a big opportunity,&#8221; he added.<\/p>\n<p class=\"yf-1090901\">(Reporting by John Revill; Editing by Alexander Smith)<\/p>\n","protected":false},"excerpt":{"rendered":"By John Revill ZURICH (Reuters) -Switzerland&#8217;s ABB is &#8220;very confident&#8221; about future demand from data centers that power&hellip;\n","protected":false},"author":2,"featured_media":126057,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,986,754,18,76413,19,17,76412,82],"class_list":{"0":"post-126056","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-data-centers","12":"tag-demand","13":"tag-eire","14":"tag-electrification-systems","15":"tag-ie","16":"tag-ireland","17":"tag-morten-wierod","18":"tag-technology"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/126056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=126056"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/126056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/126057"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=126056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=126056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=126056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}