Investor Watch: August 10, 2023

MAINE

Maine expands its network of clean energy companies and resources.

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Graph courtesy of Uptime Institute

Two recent reports add to the world’s clearinghouse of data center intelligence. First, there is CBRE’s 2023 Global Data Center Trend Report, where the findings include:

• Latin American supply has doubled since Q1 2020. “As of Q1 2023, there is 672 MW of inventory in Latin America, primarily across Brazil, Mexico, Chile and Colombia.”
• “Northern Virginia’s available MW decreased from 46.6 MW to 38.4 MW over the past year, despite inventory growing 19.5%.”
• “The FLAP markets [Frankfurt, London, Amsterdam and Paris] combined for 316 MW of positive absorption from Q1 2022 to Q1 2023 with most happening in Frankfurt and London (256 MW).”
• In the Asia Pacific, “Sydney is experiencing a wave of new supply and CBRE expects high demand to continue in the region for the foreseeable future.”

Also released this summer was Uptime Institute’s 13th Annual Global Data Center survey. The findings show “data center operators facing stricter regulations and more pressure to reduce energy, along with persistent staffing and supply chain issues.” Among other key findings:

• “Average global power usage effectiveness (PUE) levels have remained flat for four years. Additional improvements in PUE levels will require significant investment.”
• “As more organizations opt for a hybrid approach to IT, the share of enterprise workloads that are run in corporate, on-premises facilities has fallen to below half for the first time and is expected to shrink further.”
• “Enterprise operators say data security is the biggest impediment to moving mission-critical workloads to the public cloud. Resiliency and transparency are lesser concerns.”
• “Most operators believe acceptance of the use of artificial intelligence will grow in data centers, but operators are distrustful of its ability to make reliable operational decisions.”

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Archive photo of 2012 Sturgis rally courtesy of Minot Air Force Base

Today finds us smack in the middle of the 83rd Sturgis Motorcycle Rally, located in the South Dakota town originally named Scooptown because of the ease with which businesses scooped money from soldiers eager to spend their pay. “The annual rally in Sturgis got its start in 1938 when local Indian Motorcycle dealership owner Clarence ‘Pappy’ Hoel and eight other motorcyclists raced one another in front of a small group of spectators on August 14,” reports the U.S. Census Bureau. Today, the South Dakota Department of Transportation estimates that 500,000 or more people attend the seven-day event. You can keep track yourself via the department’s daily vehicle counts.