By Lucidity Insights Research Team • January 17, 2024
This company powers high computing data centers with smart renewables: VivoPower
In today's digital era, data centers stand as vital pillars of our digital infrastructure, currently accounting for a significant 3% of global electricity consumption. As computing tasks burgeon, driven by advancements like AI algorithms and extensive data analysis, the demand for data centers continues to escalate. Despite efforts to transition towards renewable energy sources, a considerable number of data centers still rely on fossil fuels.
The reliance on renewables, such as solar and wind power, introduces a challenge in maintaining grid stability due to their dependence on fluctuating natural conditions. Recognizing this challenge, VivoPower and Backbone Digital have spearheaded the development of the 'Power-to-X' solution—an innovative, vertically integrated approach to data center infrastructure aimed at ensuring grid stability and sustainability.
Curious to learn more about these pioneering solutions? Dive deeper into their functionality and impact by watching our insightful video.
Related: VivoPower: Powering the Digital Future through Bridging Renewable Energy and High-Demand Computing
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The Business of Impact Investing in 2023
Impact investing is a form of investing that believes that every dollar invested can make a difference, while producing a profit. Over the past 20 years, impact investing has undergone a remarkable evolution, driven by a confluence of societal, economic, and technological factors. These influences have propelled impact investing into a crucial mechanism for addressing societal needs, traditionally the domain of public funding. In 2022, the impact investing market sat at US$1,146 billion, growing at a healthy compounded annual growth rate (CAGR) of 29% over the last four years. This special report features interviews with thought leaders in the impact investing space, and offers an insightful perspective on the current and future state of impact investing, its challenges and opportunities, and highlights case studies of investors, social enterprises, and the impact they are having on the world.
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