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Abel: Data Center Power Hinges on Customer Benefit
2 Sep
Summary
- Berkshire CEO Greg Abel links new data center power to customer benefits.
- Utility expansion for data centers requires broader ratepayer advantage.
- Abel made these remarks during a CNBC interview from Tokyo.
Berkshire Hathaway CEO Greg Abel outlined a key condition for powering new data centers: existing utility customers must also see benefits. Abel, speaking to CNBC from Tokyo, explained the strategic approach of Berkshire Hathaway Energy.
He indicated that the utility will not indiscriminately expand power supply for data centers. Instead, any such growth must demonstrably serve the interests of the broader customer base, ensuring a balanced benefit that includes current ratepayers.
This stance suggests a cautious expansion strategy for data center energy needs, prioritizing established customer advantages alongside new developments. Abel's comments were made while visiting Japanese trading companies with Berkshire investments.
